When it comes to insuring your car the group with the highest levels of premiums are the under 25 year old group. According to insurers this group is significantly more likely to be involved in a road traffic accident making the levels of claims for young drivers to be much higher than the average.
The increased cost of claims including personal injury claims means that the insurance companies have to charge a much higher premium to cover the risk. This means that anyone in this age group will find that the cost of their premiums to be very steep. So much so that many young drivers choose to put off buying a car until they are older and instead rely on being able to borrow the cars of friends and family when they need to travel.
Of course you still need insurance to be able to drive a car even if you are driving a car that does not belong to you. You may have considered getting your parents to put you on their policy so you can drive their car. Unfortunately it is not always possible or cost effective to add a new or young driver onto a policy. Not only can it significantly increase their premiums but it also risks the main drivers no claims policy. This is something that the main driver has built up over many years and will not want to lose as it will adversely affect the cost of future insurance policies for themselves.
As an alternative many young drivers looking for Click here to get a quote and choose a short term policy if you are at least 25 years of age. Under 25's can take out a pay as you go policy that allows you to buy cover for a month at a time. Get a quote now.
