Table of contents:
Car Insurance Groups Uk List – His journalism is supported by our readers. When you make a purchase through a link on our site, we may earn a commission. Why do they trust us?
Whether you’re buying your first car or looking to borrow someone else’s, if you’ve just passed your practical driving test, you need car insurance.
Car Insurance Groups Uk List
Unfortunately, insurance for new drivers can be quite expensive due to lack of driving experience. But having insurance in your name allows you to get a No Claims Bonus (NCB), which could mean access to cheaper car insurance in the future.
6 Cheapest Car Insurance Companies Of November 2024
New driver insurance is car insurance suitable for people who have recently passed their driving test. New drivers can apply for standard car insurance or special products designed for new or younger drivers, such as telematics policies or pay-as-you-go coverage.
No matter what type of auto insurance you choose, it’s important to understand the different levels of coverage and what each includes:
Finding cheap insurance for new drivers can be difficult. This is because young or novice drivers are statistically more likely to be involved in accidents due to lack of driving experience.
However, this figure drops by 57 per cent to £3,329.94 when the same driver turns 18 and has a year of driving under their belt.
A Brief Overview Of The Insurance Sector
The more experience you gain, the lower your auto insurance premium will be—and the cheaper it will be if you increase your no-claims bonus at the same time.
How much new drivers will pay for auto insurance will depend on a number of factors, with age topping the list. For example, the cost of insurance for a new driver drops from £7,813.51 for a 17-year-old driver to £1,615.73 for a 27-year-old driver.
Some cars are more expensive to insure than others, so it’s worth researching the different car rates before purchasing a new or used car. (Adobe)
We’ve put together the best tips on how you can reduce your insurance costs and get the cheapest car insurance available for new drivers.
Esure Comprehensive Car Insurance
If you have your own auto insurance policy for a year, your insurer will send you a renewal quote, but you don’t have to accept it. In fact, we recommend not automatically renewing your car insurance if you can avoid it. Instead, compare prices elsewhere and be sure to state that you have a BCN if you already have one.
It’s best to buy car insurance about three to four weeks before your renewal is due—studies have shown that drivers who leave it until the day their insurance is due for renewal may end up paying more.
Use a price comparison site to compare car insurance rates for new drivers from different insurers. Premiums for new drivers can vary widely as some insurers seek to attract these customers and others deliberately exclude themselves from the market.
When buying your first car, check which insurance group your proposed purchase falls under. All cars are classified into insurance groups from one to 50 – the more powerful and expensive your car, the larger the insurance group and the more you pay. Cars such as the Fiat Panda, Ford Ka Plus or Nissan Micra are Group 1 cars and are therefore the cheapest to insure. If you purchase an older or used car, your insurance premium may be lower due to the lower value of the car. However, this will not be universally applicable.
The Uk’s Most Popular First Cars
The amount you must pay for any claim is your policy’s deductible. All policies have a mandatory deductible; Adding a voluntary deductible can also lower your premium, but make sure it’s an amount you can comfortably pay in the event of a claim.
If possible, it is best to pay your auto insurance premium once a year. Most insurers offer a monthly payment option, but it is more expensive.
As a new driver, you can add someone with more driving experience as a named driver to reduce the cost of your insurance coverage. Because it signals to the provider that you, as a risky driver, will not always be behind the wheel.
We found that on average you can save 10.24% in coverage by adding an older name driver.
What Are Insurance Groups For Cars? The Full Guide
The biggest savings were for a new 19-year-old driver, who saved 17.61% by adding their parents to the list of named drivers.
When purchasing auto insurance, you must indicate your estimated annual mileage. This number may be difficult to estimate for a new driver, but remember that lower mileage means a lower chance of an accident and therefore lower insurance premiums.
Insurers don’t like modifications like spoilers and tinted windows – these changes to your car will result in higher insurance premiums.
Having an immobilizer or tracker on your car can lower your insurance premiums because it is less likely to be stolen and, if stolen, has a better chance of being recovered. Dashboard cameras can be helpful in confirming what happened in the event of an accident.
Car Insurance Group Checker Uk 2024
Creating a no-claims bonus is important for new drivers – you can do this by driving carefully and making no claims on your policy. BCN guarantees a discount on renewal premiums, but remember that the cost is affected by various factors. Keeping your license clean will also help, since speeding and driving convictions mean you’ll have to pay more for insurance.
This is an advanced driving course that teaches drivers to improve their skills and drive more safely. Once you complete Pass Plus and receive your Pass Plus certificate, you will be eligible for discounts from select insurance companies.
Insurance for a new driver usually costs more than insurance for a new driver. Learner drivers with a provisional license always drive under supervision, meaning they pose less of a risk to insurers.
New drivers who take the test can drive independently, but the lack of experience means there is a higher insurance risk among this population. For example, according to the Association of British Insurers (ABI), drivers aged 17 to 24 make up just 7 per cent of UK driving license holders and drive fewer miles than average, but this age group is involved in 24 per cent of all road fatalities. . .
Best Cars For Insurance Groups 1-10
This also means that young drivers, who make up the majority of new drivers, are being hit the hardest by rising auto insurance costs. The latest data from Consumer Intelligence shows that insurance premiums for drivers under 25 will rise 66.9% in the year to February 2024, compared with 49% for drivers over 50.
As a new driver, you do not need to take out a standard annual auto insurance policy. There are several special options that can help you save money or better suit your needs:
With a “telematics” or “black box” auto insurance policy, your insurance company will monitor your driving habits through a device installed in your car. Drive well and you’ll get cheaper insurance coverage.
New drivers can lower their auto insurance premiums by adding an adult (such as one or both parents) as a named driver to their policy. However, it’s important to be honest about who actually drives the most – lying to get cheaper insurance premiums is known as cover-up and is illegal.
The Ultimate List Of Uk Driving Statistics For 2024
If you only plan to drive for a short period of time and plan to borrow someone else’s car, consider term car insurance. This will allow you to insure yourself for an hour or even a month. It is important to note that if you are involved in an accident, this will not affect the car owner’s no claim bonus.
This type of policy, sometimes called pay-per-mile insurance, charges a set insurance rate for each mile driven. Your distance is measured by the telematics device in your car. Prepaid car insurance can be beneficial for occasional drivers, but it can be expensive if you want to increase your mileage.
An alternative to pay-per-mile insurance: If you drive less than 6,000 to 7,500 miles per year, you may want to consider low-mileage car insurance. These policies are usually cheaper than standard insurance because it means you travel less and therefore have less risk of getting into an accident.
“It may be worth considering purchasing a telematics policy, where the insurance company installs a device in your car to track your driving. If you drive smart, you should start to see some financial reward for it. If you only drive occasionally If you plan on Driving, it may make sense to skip the annual policy altogether. A new generation of insurers is offering coverage by the day or even by the hour. Important. This is called “fronting” and is illegal if the insurance company can cancel your insurance completely. finds out.”
Stat: 7-3 Lecture Video
Auto insurance policies vary in the amount of coverage for new drivers. Some of the items listed below will be covered as standard on your new driver insurance policy, while others may be covered at an additional cost.
Time to choose
