Cheap car insurance for young people by comparing
Are you younger than 25? On average, you then pay at least 1000 euros a year for liability coverage. That is a considerable amount. But the difference between the most expensive and the cheapest car insurance for young people is huge. By comparing, you can easily save hundreds of euros on your car insurance. http://mourki.net fleshes this out
Huge price difference
Research shows that the premium differences are huge. For young people, an expensive car insurer charges up to 4 times as much as a cheap insurer. As a young person, you will certainly benefit from comparing your insurance.
Why do young people pay so much car premium?
18-year-old drivers pay more than twice as much for third-party motor insurance than drivers who are older than 24. Insurers use much higher premiums for young people, because they generally drive more damage than older drivers. Research by SWOV shows that the accident risk is four times as high.
Insurance in your own name
Because car insurance is relatively expensive for young people, it sometimes happens that they put the policy in the name of one of the parents. The premium is therefore much lower, but this is strictly prohibited. When in doubt about who the regular driver is, the car insurer can conduct a fraud investigation. The insurer can put you on a blacklist, which means that you can hardly take out car insurance almost anywhere else. The insurer can also decide not to pay out claims.
Young people and claim-free years
Apart from the fact that it is illegal to insure yourself in someone else’s name, you do not build up claim-free years yourself in this way. That means you will not receive a discount on your car insurance either. The insurance premium is calculated based, among other things, on the number of claim-free years. As a young person, are you making damage while the insurance is in the name of your parents? If you claim the damage, your parent loses a number of claim-free years and the premium goes up considerably.