What is a young driver?
The notion of young driver is quite specific. Highway Code, Insurance Code, no legislation clearly defines what a young driver is. It’s at the level insurance companies that we make this distinction to define the risk and estimate the amount of the insurance premium. Insurers therefore consider that a young driver is:
- a motorist who is driver’s license holder for less than 3 years ;
- a driver who has never been insured in his name or which does not appear on any insurance contract. If you drive your parents’ or spouse’s car for several years without being registered even as a secondary driver, you are considered a young driver in the eyes of insurers;
- a driver whose license has been canceled : after a cancellation, if you have to take the license again, the insurance company will consider you again as a young driver.
Pay attention to the concept of young license ». “Young license” means a person who has held a driving license for a short time.. If considered a young driver, not all young drivers are “young drivers”as we have just seen, the date on which the driver’s license was obtained is not the only factor taken into consideration by the insurer.
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What guarantees to insure young drivers?
For young driver car insurance, as for an experienced motorist, three solutions are proposed : the price of young driver insurance will be impacted by your choice.
- L’third party insurance is the basic insurance which essentially includes civil liability coverage. This is compulsory car insurance.
- L’additional third-party insurance allows you to benefit, as its name suggests, from additional guarantees such as glass breakage, fire, theft or attempted theft, vandalism, or even natural disasters.
- L’Back to back insurance allows, this time, to benefit from the all-accident damage guarantee to obtain compensation, even if you are responsible for an accident. It may also include 0 km breakdown assistance and other protective guarantees.
How much does young driver car insurance cost?
Le car insurance price is calculated by insurance companies depending on the risk of having to compensate a motorist and the estimated amount of compensation. They take into account the following elements:
- the make and model of the car;
- the age of the vehicle;
- use ;
- the place of parking;
- the level of guarantees.
Another important factor: the profile of the driver. A young driver will de facto be impacted by an additional premium. This is defined as follows:
- 100% the first year;
- 50% the first year;
- 25% the third year.
It is only after the fourth year that the insurance company stops increasing the amount of young driver’s contribution (if he has not been responsible for a claim in the meantime).
Clearly, at first sight, it is difficult to imagine finding a cheap car insurance for a young driver. While an experienced driver will pay for example €400 per year, the young driver will pay €800 in the first year.
Young driver: our advice to pay less for your car insurance
Have you just obtained your license or are you deciding to take out insurance for the first time? You cannot afford too high a premium and are looking for cheap car insurance for young drivers? Here are some tips to lower the note.
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Choosing the right first car
We have discussed the impact of the vehicle on the amount of the contribution. For insurers, the newer and more valuable the vehicle, the higher the amount of compensation is likely to be. Therefore, the price to pay is also higher.
For a first car, during the first 3 years when you are penalized by an additional premium, prefer an old and less powerful model. With a small city car over 10 years old, you can expect to significantly lower the price of your young driver insurance.
Buy third-party car insurance
The level of guarantees also impacting the amount of the insurance premium, prefer third-party insurance. This goes back to the choice of your vehicle, it is the oldest vehicles that are generally insured by third parties because of their lower value.
Insure yourself as a secondary driver
Do you want to drive without buying a car? If you drive your parents’ or spouse’s car, don’t make the mistake of not being on the policy. So as not to be eternally considered a young driver, register as a secondary driver. Some insurance companies accept this solution and apply to the parents’ or spouse’s contract a lower increase than the additional premium applied to young drivers.
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Opt for accompanied driving
L’early learning to drive (AAC) allows motorists to gain experience. Insurance companies take this into account when determining the amount of the premium.
This time, the surcharge is calculated as follows:
- 50% the first year;
- 25% the first year;
- 12.5% in the third year.
Compare car insurance
Finally, make a comparison is required for find cheap car insurance for young drivers. All insurance companies do not charge the same rates, comparing allows you to be sure of find a cheaper car insurance policy for young drivers with equivalent guarantees.
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