It could be expensive to insure a van if you are a young drivers – in case you have driven an automobile before for a number of years.
Unfortunately, the figures work against such motorists and the ones aged between 17 and 24 are much more likely to be involved within an accident and make a claim.
25 % of young drivers get excited about serious accidents and road deaths, despite only creating 12 per cent of all licence holders.
As the risk factor is higher for younger drivers, there are means of having your van insurance prime down:
• Choose a truck that falls into a lower insurance group.
• Deciding on third party-only insurance will keep your costs down. However, this implies you won’t be protected for any harm to your own vehicle if you’re involved in an occurrence, only the 3rd get together vehicle or property
• Ensuring that your truck has good security, such as an alarm or immobiliser, can help keep your insurance premiums down
• Include a mature, more experienced vehicle drivers as a called drivers on your van insurance policy. Ensure that they are just a named drivers though, rather than the main drivers, as the latter would be fraudulent
• Purchase your annual insurance up front. Insurance companies have a tendency to fee more when you pay in direct debit instalments
• Increase your voluntary coverage excess
• Buy a little and light truck if it can work for you
While all the above can help get cheaper young drivers in Northern Ireland, there are some pitfalls with some suggestions.
For instance, if you made a decision to boost your excess (the total amount you’ll pay when you claim) you will need to make sure you can afford it. It could also be very difficult for a person to pay the insurance up front.
Also, deciding on alternative party only insurance can be a huge risk, as any harm to your van will not be covered if you are deemed to possess induced the accident, that could leave you very seriously out of pocket.