For many new drivers, passing their driving test is a rite of passage that marks their transition into adulthood. However, it’s important not to forget the essential steps required to legally get behind the wheel, including understanding car insurance.
Car insurance can be a daunting and confusing prospect for new drivers, which is why insurance experts at A-Plan Insurance have released a comprehensive guide for any new driver looking to insure their car.
The law requires all drivers to have third-party insurance at a minimum. Drivers caught driving without insurance can face prosecution, fines, and even the possibility of having their car taken or destroyed. New drivers can be added to another person’s policy as a named driver, even if they are not a family member or relative.
Car insurance for new drivers can be expensive, especially for those aged between 17-25. Several factors determine the cost of insurance, including age, type of vehicle, where the car is kept, how the vehicle will be used, driver behavior, and how safe and secure the car is. In the UK, young drivers are expected to pay an average of £1,800 per year to insure their vehicles.
There are three types of car insurance policies: fully comprehensive, third-party only, and third-party, fire, and theft. Fully comprehensive insurance pays out for any damages to your own car, or someone else’s car, and any injuries caused in an accident. Third-party only covers damages done to another person’s car and any injuries caused in an accident, while third-party, fire, and theft also includes protection against fire damage to your car and theft.
New drivers can take several steps to reduce the cost of their insurance premiums. These include insuring a car with a smaller engine, completing a Pass Plus course, opting for a black box policy, adding a low-risk and experienced driver to the policy, paying a higher voluntary excess, and shopping around for coverage. It’s also important to note that add-ons might not always be the cheapest way to obtain coverage, so it’s essential to shop around and talk to an insurance broker for advice.
Passing your driving test is an exciting time, but it’s important to take the necessary steps to understand and obtain car insurance. With A-Plan Insurance’s comprehensive guide for new drivers, individuals can make informed decisions about their car insurance policies and drive safely and confidently on the roads.
If you drive your car for business purposes, you will need a different type of policy called company car insurance, find out when you need to take out one here.
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