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You’ve recently passed your driving test and now have the freedom to go where you want, when you want. And what a feeling it is. The only thing that’s holding you back is the cost associated with insuring your car.
With little or no driving experience insuring your first car can be a very expensive and frustrating process. From an insurer’s point of view, young drivers under the age of 21 fall into their higher risk category and for this reason; premiums can be a little higher.
But don’t despair as there are still affordable policies out there and to help you on your way, we at easylemonsqueezy.co.uk have compiled a few tips to help you reduce your premium and find the best value insurance.
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Smaller engine: Cars with smaller engines attract smaller premiums so as a young driver; it makes more financial sense to drive a car with a smaller engine while you build up your no claims bonus.
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Vehicle security: By installing an approved alarm or immobiliser your insurer may offer you a discount on your insurance. Likewise by securing your car in a garage overnight, where it is less likely to get damaged or stolen, can also reduce your premium.
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Build up your No Claims Bonus (NCB): Insurers offer drivers a discount for every claim free year of driving – the more NCB you have, the bigger the discount. So driving safely in your earlier years will certainly benefit you in the long term.
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Pass plus: Some insurers offer discounts to young driver who has passed their pass plus, a training scheme for new or inexperienced drivers.
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Additional drivers: Your premium may be reduced by simply adding an older more experienced driver to your policy, even if they will only drive the vehicle on an infrequent basis.
As your experience and confidence grows behind the wheel, your insurance premium will start reducing if you maintain a claim free record. Safe driving will pay in the long run.
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