Types Of Car Insurance For Young Drivers

In 2018 47 of reported road accidents in the uk involving drivers aged 17 to 19 resulted in casualties and 46 involving drivers aged 20 to 24. There are three different types of car insurance. Third party only third party fire and theft and fully comprehensive.

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Cheapest Car Insurance For Teens And Their Parents Valuepenguin

Compare 2020 Car Insurance Rates Side By Side The Zebra

Cheapest Car Insurance For Teens And Their Parents Valuepenguin

The Cost Of Teen Car Insurance Quotewizard

Rather than going with the same insurer your parents use shop around as you may find a cheaper policy elsewhere 1.

Types of car insurance for young drivers. To find the cheapest insurance policy you first need to decide on which type of insurance best suits you. Learn more about the three different types of car insurance including the difference between third party third part fire and theft and fully comprehensive policies. Switching car insurance is a great way for young drivers to cut the cost of their premium you could save over 203 by choosing a better deal. The main reason car insurance for young drivers is so expensive is the risk the insurer takes statistics show that young drivers are far more likely to be involved in accidents than drivers.

Young drivers are statistically more likely to be involved in a serious road accident. Why is car insurance more expensive for young drivers. Whether you use your car for work. In nsw the 2011 auditor general s report found young drivers accounted for 25 per cent of all drivers killed despite representing only 16 per cent of motorists.

Find out which type of insurance is right for you and compare quotes now. Whether additional drivers drive your car. However young drivers are seen by insurers as high risk and as a result the cost of third party options can be more expensive than a comprehensive policy. The cost of your car insurance premium depends on how risky the insurance company thinks you are to insure.

Logically third party insurance should be cheapest for young drivers as it offers a lesser level of cover than fully comp yet this isn t always the case. Compare the market premium drivers index june 2020. Third party or third party fire and theft car insurance can sometimes be the cheapest option and may appear attractive to young drivers who have older low value cars. Here s what you need to know about young drivers car insurance including car insurance for 21 year olds.

Finding the right insurance for young drivers.