Many young drivers have seen their dreams of independence on the open road disappear in the past owing to highly inflated car insurance quotes. In many instances, they have been unable to afford the premiums at all given the fact that they are often inflated beyond their means. Young driver car insurance had cost hundreds of pounds more than regular car insurance, but thanks to companies realizing that they were missing out on a niche market the quotes have now reduced to a more affordable level.
There is a variety of reasons why young driver car insurance has been so inflated in terms of the premium in the past. The first of the reasons is that young drivers are statistically more likely to have an accident on the road than any other age group. This is owing to the inexperience of those drivers and their nervousness on the road as much as the fact that young drivers have a reputation for being reckless and not adhering to the speed limit. However, this applies only to one sector of those drivers and penalises the rest. Insurance companies have rectified that by offering young driver car insurance.
Young driver car insurance is a specialist product that many car insurance companies now offer to those below the age of 25. As it is a specialist policy, only certain companies offer it, but those that do often offer substantial discounts. As such, young drivers can have their own car insurance policy instead of being on that of a parent or other family member. It is also possible to accrue no claims discount on young driver car insurance policies so this will stand you in good stead later on when you have a few years under your belt and a massive discount to cash in on!
