First Car Insurance
Congratulations, you did it! You’ve passed your test and now on your way to driving your first car!
Discover how you can make getting on the road for the first time more affordable
Let’s face it, your first car insurance policy isn’t likely to be as cheap as your parents’ policy but there are things that you can do to cut the cost of young driver insurance, even if it's your first time on the road.
Car Insurance Groups
All cars belong to an insurance group, that’s decided by the Group Rating Panel which includes Insurance industry experts. All the factors mentioned are considered before categorising cars from group 1 to 50. The higher the number, the riskier it is to insure which increases your insurance premium. So if you’re looking to cut costs, look for a motor that’s in a lower insurance groups. Simple, eh!
Choose Black Box Insurance for your first car
Black Box Insurance can help make insuring your first car more affordable, as it allows novice drivers to prove that they are safe drivers – and the clever black box and app encourage safer driving, which means you are less likely to be involved in an accident. As we already know, the lower the risk of accident, the cheaper the insurance premium should be.
So, what factors influence car insurance?
The car…
The driver…
Unsurprisingly, the car you drive impacts your insurance premium. So, when car shopping bear in mind these factors - you may end up with a Ford rather than a Ferrari, but it should make your insurance cheaper:
- Age: Older cars may have a higher risk of being involved in an accident as they’re likely to have less safety features than newer cars, so buying a banger could cost you more in insurance!
- Size: Larger cars can be more difficult it can be to handle and cause more damage in an accident. Smaller cars mean smaller premiums and a lower risk of being involved in an accident.
- Theft risk: A flashy car may be more tempting to car thieves, so sticking to something sensible may be the best option for your first car to keep the premium down.
- Power: The smaller the engine, the cheaper the insurance, and it often means lower fuel and road tax bills too. Win, win!
- Euro NCAP safety rating: Since 2000, new cars sold in the EU are subject to strict standards rating all cars from 1 to 5 stars. More stars = a better safety rating! Safer cars are often cheaper to insure.
Insurers look at lots of personal factors that you often can’t do much about such as a sudden career change or inventing time travel, but it’s worth knowing.
- Your address and postcode can affect your premium some areas have a higher risk of theft or accidents than others.
- Pass Plus is a practical training course designed to help novice drivers enhance their driving. It doesn’t always lead to a discount, but safer drivers can earn extra discounts are renewal.
- Your driving history will influence what you pay. If you have points, penalties or driving offences on your provisional or full licence, it’s going to cost you more – so try and avoid these at all costs!
- Your occupation will affect the premium, but it is important you are not tempted to bend the truth, as it could make your insurance invalid.
What can first-time drivers do to reduce the cost of their insurance?
First up, you need to know what factors influence insurers when they’re deciding how much your premium should be. Insurers look at how much of a risk you pose to them as a driver and how likely you are to be involved in an accident or fall victim to car theft or damage.
We’ll go into more detail below, but essentially choosing the right car and starting out with Black Box Insurance can help novice drivers get on the road in a more cost-effective way.
We’ll go into more detail below, but essentially choosing the right car and starting out with Black Box Insurance can help novice drivers get on the road in a more cost-effective way.
Benefits of Black Box Insurance
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