Unfortunately, young people are the biggest cause of accidents on our highways and this is heavily reflected in the price of their car insurance policies. There are, fortunately, a few measures you can put in place to reduce the cost of your 17 year old’s car insurance.
One way to do this is to have them take an advanced driving course such as the pass plus scheme. These improve their driving ability and reduce the chance of them having an accident. Another way to reduce the chance of your 17 year old having an accident is to ensure that their car is not upgraded with speed in mind. Loud speakers are also much more of a distraction than any healthy addition to their car. Insurance firms aren’t stupid and they will know if a car is tuned for speed.
You can allow your son or daughter to become a named driver on your insurance policy. If you do this, they will be legally allowed to drive your car and you will take the risk of them crashing or damaging your pride and joy. What you mustn’t do, however, is to insure a car yourself if it is clear that the car is for your 17 year old. If you do this then you can be liable for fraud and the insurance firm will certainly not pay out should an accident ever occur.
Some insurance firms offer policies especially for young drivers. These could be a good option and may be able to offer you a more reasonable deal on your child’s insurance. You can also shop around as much as possible for the very lowest quotes. Asking other parents with similarly aged children can help you hone in on the best deals around.
It’s never going to be cheap for you to insure your 17 year old but if you consider all options and take all necessary steps to lower the potential costs, you can find it really quite reasonable. I can’t promise it will be anywhere as cheap as your insurance and if it’s less than £1,000 I would be amazed, but it doesn’t have to be extortionate either.
