If you’re not going to be driving all that much but still need to get behind the wheel every now and then, then buying a car and paying for an annual insurance policy may be an expensive luxury. Thankfully you can have your cake and eat it, at a fraction of the price by picking up Pay as You Go insurance
. It really does do what it says on the tin - you only pay for the miles you drive, so if you’re not driving a lot - you could be saving more than you think!
The average price for an annual insurance policy for a driver under 25 is £1,954, whereas you can pick up a Pay As You Go Policy for as little as £195 for 500 miles, and then £20 per 100 mile top up!¹ The great news is that young drivers can even start earning their No Claims Discount on this policy, as long as it’s running for a full year – which will see a saving for when the young driver buys and insures their own car.