Car Insurance for Student Drivers

Student car insurance doesn't have to be expensive. There are a number of ways you can lower your premiums so that you have plenty of money spare to spend on text books, ready meals and nights out.

Insurance companies see students as a risk. Young drivers have little experience on the roads and statistically speaking, are more likely to have an accident. However, it's not all bad news - our car insurance guide for student drivers will show you how to make your insurance affordable.

How Much Insurance?

First things first, you need to consider how much cover you really need? Generally speaking, third party car insurance is cheaper than fully comprehensive. You should only really go for third party insurance if you have the funds set aside to fix your car if it were to get damaged. As a rule of thumb, third part insurance is best suited to those of you who drive older cars with little resale value.

Higher Excess

Another way to reduce your car insurance is to increase your excess limits. This is the amount you have to pay if you were to make a claim. Excess can range from £50 right up to £500. Just bare in mind how much you can actually afford - you don't want to find yourself in a situation where you're left with a faulty car because you can't cover the cost of making a claim.

Increase Car Security For Lower Premiums

You should also consider car security. If you are a student who has moved away from home, you may find that your insurance premiums have increased. This is because each town in the UK is evaluated by the insurance companies. If you live in a town with a high crime rate, then expect your insurance to increase. The best way around this is to improve your cars security such as installing an immobiliser or tracking device. You should also, where possible, park your car off street, preferably in a garage.

Focus on a No Claims Bonus

If you have yet to build up a no claims bonus then this should be a priority. There are a number of companies that offer accelerated no-claims bonuses. This means that you will receive a no-claims bonus before the end of your annual policy. They usually offer this around the 10 month mark which means you can start making savings sooner.

Shop Around and Compare Online

Finally, shop around. There are a number of car insurance firms that cater for the student market and can offer great savings. They understand that you won't have much driving experience and can offer advice and guidance so you get the right car cover at the right price.

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