High excess insurance for young drivers

 · The average car insurance rate for a young driver is $2, per year for full coverage, according to NerdWallet’s analysis of the five largest auto insurers in the www.doorway.ruted Reading Time: 8 mins. Young drivers are typically hit with a high compulsory excess as insurers see them as high-risk. Voluntary excess works a little differently, as this is set by the policyholder. Increasing your voluntary excess can often be a good way of lowering the initial cost of your insurance.  · In addition to any compulsory policy excesses that might apply, virtually every motor insurance policy includes young and new driver excesses. In insurance terms, anyone under 25 years of age is classified as a young driver. Generally insurers have two categories of young driver, those aged 17 to 20 years of age and those aged 21 to 24 years of age.

If you've already started to get quotes for 17 to 25 car insurance, you might be a little shocked by the results. Insurance for young drivers is typically high because they're less experienced on the road, and are statistically more likely to be involved in an accident than older drivers. The compulsory excess is a mandatory minimum amount you must agree upon whilst making your car insurance application. Compulsory excess is typically higher for young drivers. For example, compulsory excess for a young driver could be £ and for an older more experienced driver £ Voluntary car insurance excess. What is a young driver excess? Additional excesses may apply while your vehicle is being driven by a young or inexperienced driver. A young driver is a driver under the age of An inexperienced driver is someone who has held their licence for less than 1 year or holds a provisional licence.

Do you want to protect your excess that you are liable for under your motor insurance? With Questor Insurance you can cover high excesses you may have on your. 8 thg 9, For example, young adult drivers under 25 may have to pay an inexperienced driver excess for drivers not listed on the policy. This is on top of. Why is car insurance so expensive for young drivers? Increase your voluntary excess: when you're getting a quote for car insurance you'll be asked how.