Which is the best insurance provider for young drivers?
Insuring a car can be expensive, particularly for young drivers under the age of 25. In the UK, the cost of car insurance for new drivers is often higher due to their lack of driving experience and the increased risk they present to insurance companies. However, there are several insurance companies that offer competitive rates for young drivers. Here is a list of some of the best insurance companies in the UK for young drivers under 25, along with their features and benefits:
Bell Insurance: Bell Insurance offers blackbox insurance, which uses a device installed in your car to track your driving habits. If you drive safely, you could be eligible for discounted premiums. Bell also offers a range of coverage options and discounts for young drivers, including a discount for completing a driving course.
Aviva: Aviva is one of the largest insurance companies in the UK and offers a range of coverage options for young drivers. They also have a telematics program called “Aviva Drive,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers.
Direct Line: Direct Line is a well-known insurance company in the UK and offers competitive rates for young drivers. They have a telematics program called “DrivePlus,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers.
LV=: LV= is a mutual insurance company, meaning they are owned by their policyholders rather than shareholders. They offer a range of coverage options for young drivers and have a telematics program called “MyDrive,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers.
Co-op Insurance: Co-op Insurance is a mutual insurance company that offers competitive rates for young drivers. They have a telematics program called “Smartbox,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers.
What is blackbox insurance?
Blackbox insurance, also known as telematics insurance, can be a good option for young drivers as it rewards safe driving habits with discounted premiums. To qualify for blackbox insurance, a device is installed in your car that tracks your speed, braking, and other driving habits. If you drive safely, you could be eligible for discounted premiums.
What is the typical cost of insurance for new drivers?
The typical cost of insurance for new drivers in the UK can vary widely depending on a range of factors, including your age, the make and model of your car, and your location. However, according to the Association of British Insurers, the average cost of car insurance for a new driver in the UK is around £1,200 per year.
In conclusion, there are several insurance companies in the UK that offer competitive rates for young drivers under the age of 25. Blackbox insurance, which rewards safe driving habits with discounted premiums, can be a good option for young drivers looking to lower the cost of their insurance. The typical cost of insurance for new drivers in the UK is around £1,200 per year, but this can vary depending on a range of factors.
Looking to obtain car finance as a young driver?
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Representative example: borrowing £10,000 over 60 Months with a representative of 23.0% APR, an annual interest rate of 23.0% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £269.58 per month, with one final repayment of £279.58 (which includes the option to purchase fee of £10.00), with a total cost of credit of £6,184.80 and a total amount payable of £16,184.80. Marsh Finance Limited are a lender, not a broker.
Marsh Finance Limited are a lender, not a broker.
This is for illustrative purposes only and is not a quote or an offer of finance.