Young drivers have a couple of options to save money against the price of getting their own full annual policy:
- Getting added as a named driver to a more experienced driver's policy
- Getting temporary learner insurance on a family member or friend's car.
Let's start with adding a young driver to a parent's car insurance policy.
The parent - referred to as the 'main driver' - can use their experience on the road to reduce the cost for their son or daughter - referred to as the 'named driver'.
There are some limitations to being a named driver, though, and you could miss out on building your no-claims bonus. So have a proper think before committing.
Age is a really important factor insurance companies look at when working out how much your car insurance will cost.
Experienced drivers, over the age of 25, tend to pay less for car insurance because (statistically) they have fewer accidents and are less likely to make a claim.
Insurance tends to be more expensive for drivers under 25 because they are more likely to get into an accident and have to claim. Around 25% of all claims are made by drivers under 25.
This means it usually works out cheaper to add a young driver to the policy of a parent (or more experienced driver), instead of going it alone with their own full insurance policy. (FYI: it's probably cheapest of all to get your own temporary policy - more on that coming up 👇)
By the way, insurers also look at lots of other things when working out home much you should pay for a policy, including your: