Are Car Insurance Premiums Reducing For Young Drivers?
Caeva O'Callaghan | December 1st, 2021
A lot’s changed over the past year or so – but has car insurance gotten cheaper for young drivers?
Yes, we believe so. Car insurance premiums overall have undergone a reduction of approximately 20% during 2021.
There have also been a few other changes to car insurance in recent times which are worth knowing about.
In this article, we’ll go over the following queries:
- How has car insurance changed in 2021?
- Is it better to get a quote online?
- How can I reduce my premium as a young driver?
How has car insurance changed in 2021?
Young driver premiums have reduced less than the 20% we’ve seen across the market, but they have still reduced overall. One of the factors behind this change may be that we’ve all been using our cars less during the pandemic.
More changes have taken place in the young drivers’ insurance market, with one of the biggest being that premiums will reduce for young drivers if their parent or older, more experienced relative is taken off as a named driver.
As counter-intuitive as it sounds, having an older named driver on your policy may mean you’re paying more than you need. And as many people get quotes online by entering the same information over and over, they may not realise that taking off a parent could help lower their monthly bills.
When you ask us to generate a quote for you, we will always ask if we can take off the parent to see if the returned quote is any cheaper. And when it comes to car insurance provider Asgard, it nearly always does. This is why it is always a great idea to lift the phone and talk to us.
Is it better to get a quote online?
Not always. At QuoteMe.ie, we offer an online quote service, which is great if you need a quick estimate. But if you give us a call, you’ll get to talk directly to our experts who may be able to suggest things you never thought of and give you advice on the spot.
Insurance is a complicated game, and our friendly guides have years of experience in many markets with the kind of industry knowledge that puts your mind at ease. We’ll be able to fill in any gaps in your policy, suggest ways you can lower your monthly premiums, and double check all of the information is correct before we send off for a quote.
We’re not just a middleman: we’re on your side, and we’ll always fight for the fairest price. Not only that, but if you ever need to make a claim, we can help you take the headache off your shoulders. And if we have prior knowledge of your policy and insurance history at our fingertips, the process will be even easier.
How can I reduce my premium as a young driver?
Building up your driving experience will help lower the cost of your car insurance. At the very least, try and get one year’s driving experience under your belt.
Ask your parents, grandparents, guardian or trusted older friend to see how much it would be to add you on their own car insurance policy as a learner driver. It is less expensive to add on a learner driver than getting your own policy, but it still adds to your driving experience.
Getting a black box, or tracker, installed on your car is another great way of saving on your car insurance. This is a small device which your insurer attaches to your car, and which monitors your driving habits. It can monitor your speed, how sharply you turn, how suddenly you brake, and how far you drive.
Trackers are a great idea because at the same time you’re building a no-claims bonus, you’re building a reputation as a sensible driver that will stand you in good stead next time you buy or renew your car insurance. Black boxes give insurers a more accurate idea of how safe a driver you are, rather than relying on general statistics that don’t always portray young or inexperienced drivers in a good light.
If you’re a young driver in need of a competitive car insurance quote, give us a call today – you won’t regret doing so. Our Insurance experts are available to help Mon-Fri between 8.30am and 5.30pm on 0818 224433 or 042 9359051.