Are you a new driver? Then you’ve probably wondered, “What is the Best Cheap Car Insurance for New Drivers in the UK?” Almost every state mandates that drivers carry some form of insurance.
Inexperienced driving usually results in higher premium costs, but some companies still offer low rates. Finding the best Cheap Car Insurance for New Drivers IN the UK, like finding the best car insurance for any other driver, entails doing research and comparing prices from different providers.
This article will provide an overall view of what new drivers can expect when purchasing auto insurance, who qualifies as a new driver, and what factors influence the cost of an insurance policy.
Understanding Car Insurance—the basics
Car insurance is essentially a contract between you and an insurance company in which you agree to pay premiums in exchange for financial protection against losses resulting from an accident or other damage to the vehicle.
Car Insurance for new drivers insurance can provide coverage for the following items:
- Vehicle damage, including your vehicle or the vehicle of another driver
- Accidental property damage or bodily injuries
- Medical bills and/or funeral expenses incurred as a result of an accident’s injuries
The specifics of what is covered are determined by your insurance for new drivers’ minimum coverage requirements and any additional coverage options you choose to include. Every state requires drivers to have a certain amount of bodily injury liability coverage and property damage liability coverage.
Types of Car Insurance for New Drivers you can Consider
Here are the main types of car insurance for new drivers:
- Comprehensive insurance
- Third-party, fire and theft
- Third-party only
Comprehensive insurance
If you or someone else is injured in a car accident, comprehensive insurance will payout. It will also cover the repair or replacement of any damaged vehicles or property, as well as loss or damage to your vehicle caused by fire or theft.
Third-party, fire and theft
Third-party, fire, and theft insurance, which covers everything except any injuries you sustain or damage to your car as a result of an accident.
However, it will protect others, including cars and other property, as well as cover fire and theft losses related to your vehicle.
Third party only
Third-party protection only protects those other than you and your property.
It will not pay out for any losses you incur, but it will pay out if other people are injured, including any passengers you are transporting.
It also covers any damage or loss to another person’s property, as well as any injuries they suffer as a result of an accident involving your vehicle.
Car Insurance for New Drivers Costs
Premiums and deductibles are the two main costs associated with purchasing car insurance.
Age, gender, years of driving experience, accident and moving violation history, and other factors all influence auto insurance premiums. Again, most states require a certain amount of auto insurance. The minimum required by each state varies, but many people buy additional insurance to protect themselves further.
Furthermore, if you’re financing a car, the lender may require you to have certain types of car insurance. For example, if you’re buying a high-priced vehicle that will most likely depreciate quickly once you drive it off the lot, you might need gap insurance.
How Are Insurance Premiums for new drivers Determined in UK?
Statistics show that first-time drivers are the most difficult to insure. Although rates vary, insurers consider new drivers to be high-risk because they have no driving history. Insurance companies calculate your monthly premium based on a variety of factors. They collect personal information about you in order to determine your insurance risk.
They’re interested in things like:
- Age
- Driving history
- Credit score
- Make and model of your vehicle
- Address
- ZIP code
Insurance companies consider older drivers to be less risky to insure than teenagers because they have more driving experience. According to NerdWallet, teenagers should expect to pay higher rates because they are more likely to be involved in an accident.
Even if you are a safe driver, you lack the driving experience required to demonstrate to the insurance company that you are low-risk. Those with little driving experience, unfortunately, face higher rates as a result.
Why is new driver insurance so expensive in UK?
Car insurance is prohibitively more costly for new drivers because they are considered high-risk drivers. According to statistics, they are more likely to be involved in a car accident due to a lack of experience or poor driving standards, such as overconfidence, drink/drug use, or cell phone use.
Insurance companies raise their premiums to compensate for the increased likelihood of having to pay out as a result of these statistics.
Top Ways to Lower New Drivers’ Car Insurance Costs
Here are our top car insurance cost-cutting tips for new drivers, which can save you hundreds of pounds.
- Don’t assume that a third party is the cheapest option.
- Adding a responsible 2nd or 3rd drivers, such as your father or Aunt Dot, can help you save money.
- Getting car insurance 23 days ahead of time can save you hundreds of pounds (though it’s still cheap a few days on either side).
- Make yourself appealing to insurers.
- Check to see if legally changing your job title could save you £100s.
- Tell them the whole truth, and nothing but the truth.
- Never allow auto-renewal. Loyalty is costly.
- If you live with your parents or have more than one car, multicar insurance can save you hundreds of pounds.
- A telematics policy (also known as a black box policy) can be a MoneySaver, but they can be restrictive.
- Set the excess to an amount you can afford.
Best Cheap Car Insurance for New Drivers UK
If you’re a first-time driver or have been driving for years, researching and comparing quotes from multiple providers is a great way to find the best rate.
Here is the top best cheap car insurance for new drivers in the UK :
- Admiral car insurance
- AA car insurance
- Hastings Direct car insurance
- AXA car insurance
- Tesco Bank car insurance
- RAC car insurance
- Quote Me Happy car insurance
Admiral car insurance
This is a British insurer that was founded in 1993. Admiral began as a car insurance company. It began selling multi-car insurance in 2005.
Admiral’s other insurance products include home insurance, travel insurance, pet insurance, and Admiral’s van insurance. Admiral also provides MultiCover Insurance, which is a single policy that covers both your home and your car, as well as temporary car insurance.
Admiral also sells car insurance under the Elephant, Diamond, and Bell brands, van insurance under Gladiator, and temporary short-term car insurance under Veygo. It owns EUI, the insurance company that underwrites the vast majority of Admiral policies.
AA Car Insurance
The Automobile Association (AA) was founded in June 1905 by four motorists who wanted to assist other drivers in avoiding speed traps.
The Motorists’ Mutual Association was renamed The Automobile Association, or The AA, within a month. Its members assisted one another through teams of cyclists who encouraged one another to drive more safely and avoid penalties.
The AA has about over 15 million members and is one of the largest motoring organizations in the United Kingdom. The AA is best known for its breakdown services, but it also provides finance, leisure, lifestyle, and car insurance.
Hastings Direct car insurance
Hastings Direct is a trading name of Hastings Insurance Services Ltd, which is part of the Hastings Group, which is a publicly-traded company on the London Stock Exchange.
The group’s own insurer, Gibraltar-based Advantage Insurance Company, directly underwrites approximately 90% of its policies, but its vehicle policies are also sourced from four other insurance providers. Its optional add-ons are provided by six additional vendors.
AXA car insurance
AXA Insurance has a global reach, covering more than 100 million people in 57 countries. Despite its global presence, AXA’s call centres are all based in the United Kingdom.
Tesco Bank car insurance
Tesco Bank is not a bank or an insurance company. It is an intermediary that works with specialist insurance companies and rebrands its products as its own. Tesco Bank is a Financial Conduct Authority-regulated institution that is permitted to sell insurance.
RAC car insurance
The RAC now provides a comprehensive range of car insurance services and is highly regarded by expert review websites.
BISL Limited arranges and administers comprehensive and third-party policies, which are underwritten by a panel of top insurers including Ageas, Aviva, Axa, Co-op Insurance Service (CIS), Covea, Liverpool Victoria (LV), Sabre, Saga, and Zenith.
Quote Me Happy car insurance
Aviva, the UK insurance group, operates the Quote Me Happy online insurance brand. Almost everything can be done over the internet with Quote Me Happy, and your insurance documents are stored electronically on a Quote Me Happy secure portal.
You can manage your policies online, making any necessary administrative changes such as changing your address or renewing your coverage.
FAQs about Cheap Car Insurance for New Drivers
What factors may influence the cost of new driver auto insurance?
- Age. Age is a very significant rating factor, especially for young drivers
- Driving history. This rating factor is straightforward.
- Years of driving experience
- Location.
- Gender. …
- Insurance history
- Annual mileage
What are 10 easy ways to get cheap car insurance in UK?
Don’t assume that a third party is the cheapest option.
Adding a responsible 2nd or 3rd drivers, such as your father or Aunt Dot, can help you save money…
Types of Car Insurance for New Drivers you can Consider?
Comprehensive insurance
Third-party, fire and theft
Third-party only
