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Young drivers can get cheaper car insurance if they do a lot of research and put a lot of effort into the task.

Cheap car insurance for young drivers is a thing of the past but cheaper car insurance can be found by shopping around.

The other way to save on your premiums is to reduce your risk to the insurance companies as much as possible. Car insurance companies base their premiums on historical data so if a risk factor has shown that you are more likely to be involved in an incident then your premium will be higher, whether it makes sense to you or not!

Risk Factors

Gender
The EU gender equality ruling for car insurance came into effect in December 2012 which means that insurance companies cannot chrage different premiums dependant on the gender of the proposer. This has not actually meant that men are paying the same premiums as women as many other factors come into determining a premium, some of them which actually favour females. Examples are make and model of car, occupation and in some cases the type of course being studied for further education.

Make and model of car
Which car that you own and want to insure can make a huge difference to the premium that you are likely to pay. To put it simply, a small engined, less powerful car will cost a lot less to insure than a larger engined more powerful model. Some of the cheaper cars to insure are the smaller engined versions of:

  • Toyota Yaris
  • Kia Rio
  • Renault Twingo
  • Vauxhall Corsa Hatchback
  • Volkswagen Up!
  • Hyundai i10
  • SEAT Mii
  • Dacia Sandero

Occupation or course being studied
This can be a surprising risk factor for some people. Why should your occupation or worse still, your likely intended occupation affect your risk factor? This simple answer is as before, historical data. It seems that if you work as a scrap dealer, professional sports person or a funfair emploee that you are a greater risk than if you are a student living at home, a hairdersser or a nurse. You can't easily change this and it is completely wrong to falsely declare your occupation as it is likely to invalidate your insurance cover.

Where you live and your postcode
Again, historical data shows that where you live can have a huge effect on your premium but again, there is not a lot that you can do about this.