Answer:
Getting your license is exciting, but it can be tough because insurers see new drivers as high risk, which means higher premiums. Still, there are ways to find good insurance as a new driver.
Why do young drivers pay more?
Drivers under 25 tend to have more accidents, so insurers charge higher prices to match the risk. New drivers often pay two to four times more than someone with ten years of experience.
How much does insurance cost for a new driver on average?
- Basic third-party: €600 – €1,200 per year
- Third-party plus: €800 – €1,500 per year
- Comprehensive: €1,500 – €3,000+ per year
Which insurance should a new driver choose?
- If you are 18 to 20 years old and drive an older car worth less than €3,000, basic third-party insurance is usually the best option. Comprehensive coverage is often too expensive. If you have a minor accident, you’ll need to pay for repairs yourself.
- If you are 18 to 20 and have a new or financed car, choose third-party, fire, and theft (TPFT) or comprehensive insurance with a higher deductible. Banks usually require this coverage. Choosing a €500 deductible can help lower your premium.
- For drivers aged 21 to 24, third-party plus is usually the best option for any car. It covers things like theft, windshield damage, and hail, without making the price much higher.
- If you are 25 or older, most insurers no longer consider you a new driver. You can compare insurance options as usual, and your price will likely drop a lot once you turn 25.
Strategies to lower insurance as a new driver:
1. Add your parents as occasional drivers.
Their good driving history can lower your premium. They must actually drive the car at least a few times per year.
2. Install a black box (telematics).
Many insurers offer discounts up to 30% if you install a device that proves you drive well: no harsh braking, rapid acceleration, or speeding.
3. Choose a car with cheap insurance.
Small, moderately powered cars that have been on the market for several years usually have lower insurance costs. For example, Honda Civic, Toyota Corolla, Ford Fiesta, and Volkswagen Golf are good choices. Try to avoid sports cars or luxury vehicles.
4. Accept a deductible.
If you choose comprehensive, a €300 to €500 deductible can lower your premium by 20-40%.
5. Pay annually instead of monthly.
Savings range from 5 to 10%.
6. CompaYou could save 5 to 10 percent this way.ializing in young drivers.
Some companies offer special insurance products for new drivers that have more competitive prices.
Our final tip: If you can, add a family member with a good driving record as a co-owner of your policy. This is usually the best way to lower your price. If that’s not an option, go for third-party plus with a black box. This gives you a good balance between protection and cost.
