Six Ways to Slash the Cost of Young Drivers Car Insurance By Anthony Saxon

The high cost of young driver car insurance is frequently blamed on the fact that young drivers are statistically the most risky to insure. Figures from the Association of British Insurers (ABI) suggest that only 12% of drivers are under the age of 25 - but they are responsible for 30% of accidents. Insurers admit that they are often unwilling to insure young drivers hence the prohibitive cost of the policies.
However the industry realises that this approach is not ideal and is itself seeking ways to reduce the costs to young drivers. Pay how you drive schemes are being introduced that insure drivers based on their individual skills rather than their age bracket. In addition there are a number of simple steps you can take to reduce the cost of your insurance.

Six Simple Steps
Take a Pass Plus Course
Costing around £150 and taking six hours to complete this course covers advanced driving skills and some insurers will offer a 35% discount once completed.
Buy a Low Powered Car
These cars are considered less risky - and will be cheaper to insure whatever your age.
Avoid Modifications
Most insurers will add more to the premium for a modified car, for your first year at least avoid changing the specification of your car in any way.
Compare Prices
Use a comparison site to shop around.
Parking Matters
Parking off-road or in a garage when the car is not in use - this will make a difference to the cost of the premium and every little helps!
Drive safely
The better your driving record the lower your costs. After the first year of driving the saving that this can entail is significant and may well allow you to upgrade the car.

Lower Costs Around the Corner?
Not all insurers are offering a smart box to monitor your driving skills yet - although it seems likely they will become widespread in the future. Young drivers insurance premiums should be affected positively when this technology is widely available but in the meantime the tips above can save you some very significant amounts of money.
Telematics devices can not only save on your car insurance as they monitor your driving but are very useful for other reasons also such as:
Track the location of your car if it is stolen
Provide assistance in the result of an accident
Manage your claim after an accident
If you are a young driver and are looking to reduce your car insurance costs then follow these simple steps and you might be surprised how much money you can save.

Anthony Saxon is financial content writer currently working in the insurance industry for http://www.tiger.co.uk. Tiger is one of the leading car insurance for young drivers sites in the UK and our focus is to find the right insurance policy for the right price. You can compare over 140 of our insurance partners to find the best deal and save money.

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