Experience tells on the roads and those with the very least experience can be expecting to pay a lot more for their car insurance. A 17 year old will have less experience than anyone else and this is the most expensive category in which to buy car insurance. So what will it cost and how can you make it a little more affordable?
You don’t have to pay for a separate policy if you can’t face the huge premium and you can put your son or daughter on your policy as a named driver. This is a much cheaper option but you will have to risk allowing your 17 year old driving your pride and joy. This is only an option if you are the main driver and you mustn’t pretend to be the main driver of your 17 year old’s car. This will render you liable for fraud and the insurance firm will certainly not pay out in the case of an accident.
If you hunt high and low you will come across some firms that are specialists in car insurance for the under 25 age category. These firms may provide a more reasonable quote for your 17 year old. You can also search the market by using a price comparison website and i’m sure your 17 year old has other friends who are looking for car insurance too; asking around is always a good shortcut if other people are in a similar situation to you.
If you allow your 17 year old to upgrade his or her car in order to make it faster then you are asking for a hefty premium. Speed is not a good idea for young drivers and the smaller engines are generally better for less experienced drivers. You could also suggest they take an advanced driving course too.
17 year old drivers will always have to pay a large insurance premium but you can minimise the damage with the above advice. If you make your 17 year old as safe as possible on the road then you will be financially rewarded too.
