Insurance News

A few days after I wrote about young drivers insurance potentially going down, there is yet more good news for young drivers all over the UK. This news is only good directly for some but there are plenty of others that may well like to know of the actions of one particular insurance company to let hem know that there is a little relief available for them. One of the major car insurers has recently announced that they will be rewarding young drivers with excellent records with cash going directly into their bank accounts when they prove that they are responsible on the road. How cool is that?

The news just seems to be getting better and better for young drivers and it is about time really when you consider just how much their premiums have gone up for their young drivers car insurance in recent years. They have suffered more than most when it comes to their costs and, in some cases, their inability to afford premiums to be on the road. However, insurers are now starting to recognise the fact that there is a gap in the market for them to exploit, which can only be good news for those who are looking for young drivers insurance that they can afford.

This particular provider offers young drivers car insurance that requires drivers to fit a black box on their car. If they stay within the speed limit, avoid excessive breaking and acceleration, and take corners well then they will be rewarded via cash straight into their bank account. As such, they have to pay full premiums but get some of their money back if they drive carefully. Of course, the better you drive the more money you get back and they have reported giving nine out of ten young drivers money back. This is no mean feat and far more generous than most providers are, but it is also thought to be a precedent that other young drivers insurance companies will follow.

Although young drivers insurance is coming down in some quarters, premiums are still quite high in others so it is important to get a range of quotes, compare them and then choose the best one for you. It may be difficult to choose substance over cost but it is important to do so if you want the best cover for you. After all, cashback is all well and good but it is no substitute for confirmed peace of mind.

There is a little bit of excellent news for drivers today, and for young drivers in particular. In a world where car insurance premiums are going up left, right and centre, one of the leading young drivers car insurance providers in the country has announced that all drivers below the age of 25 are to have their premiums reduced by 17%… providing that they deserve it. Now you may be scratching your head and asking what deserving it means. Does it mean that you have a clean license, because that does not necessarily make you a good driver? Does it mean that you drive within the speed limit, because that can be difficult to prove to insurance companies? Well, in this case it means both and young drivers insurance companies can prove both.

One of the main provisions of the offer of a car insurance policy from this particular company is that a black box be installed into the car in question (obviously by a professional mechanic who is vetted and approved by the company) and then the young drivers car insurance is granted. The black box will keep an eye on your driving, letting the company know how fast you are going, whether you are abiding by the rules of the road and also taking data to help them offer you a policy that suits you, like where you go, what time of day you drive and so on.

It is not only thought that this trial of reduced young drivers car insurance premiums will encourage more to seek insurance and so abide by the rules of the road in the first instance but also that the black box will encourage young people to think about their driving and exactly how far they are abiding by the laws of the road. If it encourages them to become better drivers and cuts down the number of accidents then it is no bad thing. After all, anything that makes the roads that little bit safer is worth the effort.

You can, of course, refuse the black box being fitted but doing so may well cost you a cheaper car insurance policy. For young drivers, they can be hard to come across so it is definitely worth looking into and having one fitted onto your car. You will rarely find a fairer deal so join the young drivers car insurance revolution today and start comparing!

If anyone mentioned a black box in conversation then you are likely to think primarily about the flight recorder on a plane that is supposed to be indestructible just in case the plane goes down and in most cases you would be right to do so. After all, that is the primary functional black box around at the moment. However, the likelihood is that another black box, a new kid on the block, will be in conversation quite a lot this year. That is the black box that is attached to the cars of those with pay as you go young drivers car insurance.

If you choose to go for young drivers insurance that allows you to pay as you go then you will have to have a black box attached to your car to ensure that the car insurance company can keep up with the number of miles you are driving, when you are going out, where you are going to and other such information that is vital to your young drivers car insurance calculation. Of course, the more you drive the more you have to pay, and there may also be certain restrictions in line with what times you go out during the day. For example, if you go out at peak accident times then you are likely to have to pay more.

However, there is another function of the young drivers insurance black box. That is to monitor your driving. It is like Big Brother in this particular way but if you are a good driver then this could spell good news for you! If you drive well then you have the opportunity to distinguish yourself from other young drivers and make your insurer aware of your skills. Some insurers will monitor you in this way and lower your premiums if you prove to be a careful driver who does not break the speed limit, stays out of dangerous accident and crime related areas and is generally careful.

OK so you may not like the sound of having your driving watched by your young drivers car insurance company but you have nothing to lose by agreeing to it if you are a goo driver who does not take risks. There are very few ways to get your insurance bills down as a young driver so why not take the opportunity when it presents itself? With premiums rising by 64% since March 2010, you may have no option.

There have been rumours around for quite some time now that various councils and law enforcement agencies are going to stop using speed cameras as they take too much of reducing budgets up to keep active. To make sure they work on a regular basis costs a fortune but some said that they did not bring enough money in to continue to be justified. As such, young drivers especially have become a little complacent. They have begun to breeze past them, believing that they are not working. Well, one such driver put his young drivers car insurance on the line yesterday as I watched him breeze past a speed camera in Nuneaton.

Said speed camera had been burnt out for well over a year and so obviously had not been working but as I drove past I realised it looked different. Instead of being charred and blackened, it was bright yellow and more boxy than all of the other speed cameras I had laid eyes on before. It was because it looked different that I recognised it was a brand new camera. Yes, the council had replaced the old camera with a new one that was obviously capable of catching drivers out. Young drivers insurance is often so dependent on the driver having a clean record that this is indeed bad news for them.

Obviously there are pros and cons for having speed cameras and this one is actually really important because it is outside a school. However, If you are below the age of 25 and have points on your license then your young drivers car insurance quotes will absolutely rocket. Even worse, you could lose your license if you have only just passed your test when you get caught by one. As such, taking speed cameras seriously is a must.

The first thing you need to do to retain lower young drivers car insurance quotes is to let go of the misconception that speed cameras will not be working. The truth is that you never know when they will be active. In addition, there are also average speed checks on motorways as well and you need to pay attention to that. Of course, there are signs to let you know when speed cameras are coming up but then you should not forget the fact that police can sit anywhere to catch those speeding. Just think before you put your foot down because it simply is not worth it today.

Young drivers car insurance is the focus of an awful lot of controversy at the moment. From elevated premiums to extra charges that put it out of the reach of younger drivers who are responsible, there has been much written that makes those looking for young drivers insurance incredibly skeptical of getting insurance. As such, many are choosing to go on their mother’s or father’s insurance instead of having their own policy. However, you may well be in danger of breaking the law if you do this. I have spoken about it before but fronting is still a major problem because of the confusion that surrounds it.

Fronting is effectively when someone insures a vehicle as the main driver when he or she is not. Instead, it is someone who is added as a secondary driver who is the main driver. For example, if you have a car and are the main driver, you are within the law if you have the insurance policy that governs its use. However, if it is your car and you are the main driver but your mum or dad hold the policy and you are on it rather than holding it then you are breaking the law. You can see where the confusion arises and why people may be breaking the law without realising it but the truth is that the police will begin to crack down on this practice in the near future so you should sort out the issue now.

So what can you do if you are effectively participating in fronting? Well, getting your own young drivers car insurance is a start. It can be far more expensive to insure your car under your own name but there are ways to save money. For example, you could put it on a multicar policy. That is not fronting because it covers all cars in a household under their own named driver. As such, this is  an excellent way to save money. You could opt for a pay as you go policy instead if you so wish. This is effectively a policy under which you pay per mile travelled or one that limits you to certain times of the day or night.

No matter what you decide for your young drivers insurance, always avoid fronting and make sure that you remain within the law. It is not worth the penalties if you get caught. You can find a range of policies and quotes by comparing right here so get the best value today for some very cheap car insurance uk.

Yes, this is yet another post about the cost of driving for young drivers. Although young drivers insurance high costs have always been a problem for those under the age of 25, the other related costs have driving have been manageable… until now. Young drivers car insurance is the least of many drivers’ worries at the moment. With unleaded petrol costing an average of 136.61p a litre and diesel costing an average of 140.94p a litre, there has been a 10% increase in petrol costs since the 1st January 2011.  It is no wonder then that 82% of motorists say that they are fed up with the cost of motoring today.

As young drivers insurance has gone up and petrol costs have risen, those drivers in their teens and early 20s have had their budgets stretched to breaking point. Pair that with rising road tax levels, the establishment of toll roads and hazards that cause damage to cars, such as potholes, and many young drivers will even struggle to get onto the road at all.

So how can you cut driving costs? Well, the first point is to save as much money on young drivers car insurance as possible. Check a variety of general insurance policies as well as specialist young drivers insurance before taking out one to make sure that you have the best possible deal. Whilst you should not scrimp on the features you need, you may want to remove a few non-essentials to reduce costs as far as possible. It is also worth thinking about the car you have because if it is modified or located outside of the lowest few car insurance groups then it stands to reason that you will have to pay more. Getting a different car that is not that powerful and maybe even not that fashionable will cut costs for you in no time.

Some drivers can rely on their parents for help but regardless of whether you can or not, you should look into the possibility of alternative young drivers insurance too, such as pay as you go insurance. You pay for each mile you drive under this type of policy so you can cut costs by reducing your mileage. This will also cut your petrol costs down too. Speaking of which, you can also reduce petrol costs by making sure that you have nothing in the car that you do not need. A full boot equals an empty wallet. Unfortunately, there is little you can do about the potholes and other problems that cause damage to the car but by saving money in other areas any repairs you need will be affordable rather than pushing your budget over the edge.

News broke of exorbitant young drivers insurance rates years and years ago now but it never fails to amaze me just how much news car insurers make in this area. A recent story reported that one young driver was quoted a ridiculous £27,000 for his young drivers car insurance. This begs one question over and above all others – why bother quoting at all when there is no way that most young drivers can pay that?

The vast majority of quotes for young drivers are around the £2000 to £3000 mark and so are usually in excess of what the cars most newly qualified drivers have are worth. That is bad enough and offers an explanation as to why it is necessary to shop around. Comparing car insurance can save most young drivers a small fortune so make sure that you check out your options before you settle for any quote.

Did you know that one reason why young drivers insurance is so high these days is the no win no fee compensation culture that exists in the UK today? Most people don’t and of course there are many other reasons why young drivers car insurance is so high. However, it really has contributed to the price hikes in recent years and this, in turn, has led to significant troubles for young people who just want to get out on the road.

There is some good news though – the government has recently announced that it is going to reform the system so as to ensure that people will not be able to make fraudulent claims and will have to prove that injuries are genuine to a far greater extent than they do now. As such, you might find that some insurance premiums become more affordable in the coming years.