December 14, 2017

How can you bring down the cost of your child’s car insurance policy


Having paid for all the driving lessons and exams for your child to finally get their driving licence, finding affordable car-insurance is the next mentally and financially draining task on hand. As you will no doubt know, young drivers are extremely expensive to cover when it comes to car-insurance, with 17-25 year olds making up for one third of all road collisions. It is therefore of the utmost importance that you find the right cover for your child, and most importantly, at the right price. This article covers a number of things to bear in mind when looking to bring down the cost of your child’s car-insurance.

Put yourself on their policy

Many parents may be misguided in thinking that if they insure themselves as the primary driver of their child’s car that they can help save money on the insurance premium. This is one of the biggest misconceptions in the car-insurance world. Often referred to as fronting, this practice is illegal and should be avoided at all costs. Despite this, there are a number of ways you can legally bring down the cost of your child’s car-insurance-policy. By registering yourself as the secondary responsible driver on your child’s vehicle, you can help make significant savings. Research has gone to show that having a secondary occasional driver over the age of 40 can dramatically reduce the cost of a young person’s car-insurance policy.

Choose the right car

If you intend to buy a car for your child, it’s advised that you choose a vehicle which prioritises road safety over speed and aesthetic. Flashy sports cars prove extremely expensive to insure for young drivers because of the inherent risk that comes with them. Insurers want to insure drivers that they know will be responsible and safe, so opting for a safe first car is always advised if you intend to bring down the cost of insuring your child.

Extra courses

Enrolling your child in additional driving courses may seem like an unnecessarily expensive option but it has been proven to be a good method of reducing young people’s car-insurance premiums. By gaining these new certificates, you can show insurers that your child has all the relevant training to be a safe and responsible driver.

Short-term insurance

If insuring your child proves to be too expensive, you can have a look into short term/temporary car insurance policies for your child, which can cover them from anywhere from 1 day to a month. Be sure to read the fine print as this option will not be available for all drivers.

Research

Finding the best insurance prices is down to thorough research, so try to use price comparison websites to find the best deals.  The car-insurance market is extremely competitive, with many insurers willing to price match, so don’t be scared to haggle. Buying Swinton young drivers insurance has for many, proven to be a great cost effective way of covering their child. If all else fails, why not try speaking with other parents who may have already done the work for you!

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