Compare Student Car Insurance 2012
Car insurance can be a minefield, with premium prices changing daily. For this reason you shouldn’t spend hours on end looking for car insurance prices several weeks before your policy is due to renewal – because the market could be turned upside down by the time you’re actually ready to commit to a new policy. Although lots of students choose to drive during university, there aren’t any policies out there specifically targeted at students. There are some policies targeted at young drivers, however.
Young driver policies
There are several types of policies out there that are specifically geared towards young drivers, these include:
- Driving under curfew: some companies tend to offer highly discounted premiums if you drive only during hours of light. Different companies put different time constraints on their curfew policies, but generally it means you can’t drive at night. Some companies may require you to have a tracking device fitted in your car to ensure it’s not used at night. If you do settle for one of these policies and you break the curfew, you will be driving uninsured. This means that if you hit someone else or cause an accident, the insurance company isn’t liable to pay out for any damage caused. It goes without saying that you can get in a lot of trouble for doing this.
- Installing CCTV: in recent weeks insurance companies have rolled out another initiative in order drive down the cost of premiums for younger drivers. These companies require you to install a CCTV camera in your car – presumably so that your driving style can be monitored, and the videos are there to coax you into driving safely.
Front is an illegal practice where parents take out an insurance policy on a car, then add their children as a named driver. This means the cost of the insurance policy is far lower than it would be if the policy was in the name of the child. Of course this is perfectly legal if the car belongs to your parents and they use it most of the time. If you’re moving away to university and taking the car with you though, you could end up in a lot of trouble.
Fronting is cheaper in the short term, but it may not allow you to build up a no claims history. If you want to get the cheapest possible insurance going forward you should do things properly from the outset – that way you’re not breaking the law either.
Pass Plus & Cashback
Pass Plus is a scheme that you can attend in order to gain extra driving experience, beyond what is offered in the lesssons you have prior to your test. Pass Plus can be expensive, costing in the region of £400 (although in Wales it’s just £20 as it’s subsidized by the Welsh Assembly). Having the Pass Plus endorsement can help reduce the cost of your car insurance by up to 30%.
Cashback is another great way to secure a discount on your car insurance. By going through a site like TopCashback or Quidco you could well make a hefty saving on the price of your insurance premium.
Although there are no specific student car insurance policies out there, this post does contain some very helpful tips that will aid you in getting the cost of car insurance right down during your studies. Remember running a car is very expensive – so if it’s not essential, leave it at home and use public transport instead!