Student car insurance can prove to be very expensive so it would be interesting to explore a number of ways of possibly getting cheaper cover.
Firstly, why do students tend to pay more for their car insurance than many other motorists? Well, the first thing to bear in mind is that, as a general rule, a student tends to be in their late teens or early twenties. Therefore, when you consider that car insurance is usually cheaper for the more mature driver, it should not come as a surprise to read that students often pay more for their cover.
So, how could a student get cheaper car insurance? There are a number of ways this may be achieved.
For instance, there are three levels of cover with those being fully comprehensive, third party, fire and theft and third party cover. The first level is often the most expensive, followed by the second level with the third level usually being the cheapest. Therefore, one way of lowering the cost is to consider the later level of cover although you need to be aware of what is and what is not covered and not just focusing on getting a lower premium.
Another possible way of getting cheaper cover is to shop around for the insurance by using the likes of a price comparison website. This is because you have access to numerous quotes from a variety of companies so could have a reasonable opportunity to get competitively priced cover.
You could consider telematics (black box) insurance that calculates your premium based upon a number of factors including your driving ability.
The make and model of car you drive has some bearing on the amount of the premium. Looking at two extremes – a Ferrari is likely to cost more to insure to drive than a Fiat 500.
The larger voluntary excess that you are prepared to pay should you be involved in an accident could result in a lower premium. If you had certain security devices fitted such as an alarm, engine immobiliser or tracking device fitted could lower the premium.
Of course, your driving experience could impact on the premium. A student who has no points on their driving license is likely to get more favourable terms than someone that has been caught speeding.
The number of miles that you travel in the car each year could impact on the premium so be realistic about your annual mileage.
Hopefully, the above has been of some assistance to you in trying to get cheaper student car insurance.