6 cost-saving tips to insuring young drivers

Finding cheap car insurance for a young, inexperienced driver can be a challenge, but there's plenty you can do to help keep costs down.

Young drivers are statistically more likely to make an insurance claim, and this has the knock-on effect of sending insurance premiums through the roof. To insure a young driver without breaking the bank, consider adding a more experienced driver to the policy, as well.

It can be all-too-tempting to stagger car insurance payments over the course of the year rather than shell out for a year's insurance all at once, but it's usually cost-effective to pay for a policy upfront. Your insurer will charge you less if you pay in one lump sum.

Agreeing to a higher deductible (the amount of money needed to pay toward a claim) can lower the price of insurance. However, it's essential to ensure you'll have enough money to meet the cost of the deductible in the event of an accident.

Improving a car's security could assist in your efforts to lower your premiums. Anti-theft devices that may attract cheaper rates include alarms, steering wheel locks, and immobilizer systems.

Modifications, such as alloy wheels and spoilers, may be aesthetically pleasing, but they should be avoided if you want to steer clear of a large insurance bill. Any changes that affect a car's structure or mechanics might compromise its integrity, resulting in higher premiums.

A telematics box links to a satellite and measures everything from driving speeds to mileage, allowing your insurer to build up a detailed picture of driving habits and price your premiums accordingly. If your young driver is a stickler for following the rules of the road, you could save money on your car insurance as your premiums will be based on that driving record.

When searching for cheap car insurance for young drivers, don't forget to keep your wits about you. Examine the terms and conditions with care to ensure you get good value for your money. If you choose cost over coverage, you could lose out in the long run.