How can young drivers reduce their insurance costs?
Reasonable insurance for young drivers can seem impossible to find – but car insurance shouldn’t have to cost the earth, no matter how old you are. With insurance so often costing an arm and a leg if you’ve not got experience behind you, telematics can help to cut costs and reduce premiums for young drivers.
So how does telematics reduce costs for young drivers? If you take out a telematics or black box policy, you’ll have a device installed into your car which will monitor your driving. This will then use GPS and other smart technologies to collect data about your driving style. How quickly you accelerate, the sharpness of your braking, your top speed and the time of day that you are driving are the four key factors that are considered when calculating your Driving Behaviour Score (DBS). Using these four factors, you’ll then be given a monthly DBS score. This is where the money saving can really come in – if you drive safely, your score will increase, which could lead to you getting money back from your insurance. However, if your score drastically decreases, you may have to pay more money for your car insurance. If this does happen, we’ll give you tips on how to improve your driving and increase your score. This means you can become a better driver while saving money.
"If you take out a telematics or black box policy, you’ll have a device installed into your car which will monitor your driving."
Getting your first car is exciting, but expensive insurance is less so. If you are a young driver, it’s well worth looking into telematics insurance as an alternative: as long as you’re a good driver, you could benefit from discounts which will stop your insurance from being a drain on your pocket.
"If you are a young driver, it’s well worth looking into telematics insurance as an alternative."
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