Best Car Insurance For Young Drivers

Questions and Answers

Your Questions About New Driver Car Insurance Cost

May 30, 2013

Sandy asks…

Will my car insurance go down if i go on my parents car insurance?

Im 16 at the moment and i am 17 in a few months and i will be learning to drive. I know car insurance is so high for a 17 year old, but i was wondering if i go on the parents car insurance for a while, will my car insurance go down when i get my own as i have had experience on the road

Administrator answers:

You are suggesting that you are entered as a Named Driver on your parent’s car insurance. This means that you will not be the “main driver” of the car so you must not drive it more than your parent or you will both be guilty of fraud.

Adding you as a Named Driver will cost an additional premium for them to pay but it would be cheaper than if you had your own car and insured it in your own right.

Unfortunately it will not help you to build up your own No Claim Discount. You have to be insured in your own right to do that. The basic reason for this is that the insurance companies can have no evidence of exactly how much driving experience you have accumulated.
For example: Some people could put themselves as a Named Driver and then never get behind the wheel until they’re 25, then try and claim a 70% No Claim Discount!

However, as you get older your basic premium should reduce anyway (apart from inflation). Insurance companies have calculated that drivers under 25 are more likely to have accidents than people over 25, and those under 20 have more than twice as many accidents. This seems to be as much to do with mental attitudes as it has do to with experience. (Young people are more inclined to take risks “be reckless” on the road).

Richard asks…

What is the best insurances for a teen in arizona?

I want a good insurance company for my son,but not to expensive.

Administrator answers:

I’m going out on a limb here, and guessing that you’re talking about CAR insurance. The LEAST expensive option, is to have him as a driver on YOUR policy.

There’s NO cheap teen car insurance – but your agent can explain some methods specific to YOUR situation, to help you minimize the cost.

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