Motorists who have recently obtained a driving license may encounter difficulties in finding car insurance offering good guarantees without breaking the bank. Surcharge, lack of experience… How to find the best young driver car insurance? What are the guarantees and the price of this contract?
Definition of young driver car insurance
The category of young drivers concerns people who have obtained their driving license for less than 3 years. Although this concept has a strong impact on the price of car insurance, it is not defined by the Highway Code. Indeed, it only makes it possible to judge the level of experience of an insured and the risk associated with it.
You should know that young drivers have a probationary driving license for a period of 2 or 3 years. This depends on the conditions for passing the licence: early learning for driving or classic learning. If the price of young driver car insurance is higher than for an experienced driver, the additional premium is lower for a driver who has passed the license as part of accompanied driving.
Young license and young driver: what are the differences?
These terms are often confused, however, in the eyes of insurers, the notion of "young driver" does not only concern young drivers.
Young drivers are also considered to be people who have never been insured, regardless of the date on which they obtained the license and their driving experience. For example, if you have driven your spouse's car for several years without being registered in the insurance contract, you are considered a young driver. The same applies if you drive a company car without being named on the insurance contract.
The concept of young driver also includes motorists whose driving license has been canceled and who must retake the exam.
Zoom on the guarantees of young driver car insurance
Young drivers can opt for one of these 3 auto insurance formulas:
The third party formula
Young drivers do not have a high budget to insure their car and generally opt for third-party auto insurance, which corresponds to the mandatory minimum for a vehicle to be able to circulate freely on the road.
Third-party auto insurance includes civil liability. It covers bodily injury or property damage caused to others. This type of insurance is particularly suitable for young drivers but also for motorists who wish to reduce the amount of their contributions, who have had a vehicle for more than 8 years, who travel a short distance in the year.
The extended third formula
The extended third-party formula includes the basic civil liability guarantee and includes other guarantees such as theft, fire or glass breakage. It is aimed at users who have a recent vehicle and use it regularly without having to travel long distances. If you are considered a young driver and wish to benefit from guarantees superior to those included in third-party car insurance, you can also join.
The all-risk formula
In addition to civil liability which is included in all car insurance offers, the all-risk formula covers bodily injury that the insured may suffer as well as material damage that could be inflicted on his vehicle regardless of who is responsible for the accident. .
Thanks to all-risk car insurance, the driver is insured against bodily injury and material damage resulting from an accident, the disappearance or destruction of his vehicle, damage resulting from a natural or technological disaster.
This type of insurance is suitable for young drivers who have a new or recent car and whose resale value is high. You can subscribe to it if you want to ride with peace of mind and be protected from as many unforeseen events as possible.
How much does young driver car insurance cost?
To determine the price of young driver car insurance, insurance companies take into account many parameters:
History and insured profile
Before making a tariff proposal, the insurer will want to know the applicant's history, that is to say the accidents or claims suffered or caused by the latter and his share of responsibility. In the event of an accident or claim at fault, a penalty is applied to the insurance contract. In the event of good driving, the insured obtains a bonus which allows him to lower the price of his car insurance.
The vehicle to be insured
The price of young driver car insurance also depends on the type of vehicle to be insured. The amount of the premium will be higher for a powerful car than for a used car. It is therefore important to choose the model of your vehicle carefully and to include the price of car insurance in your budget.
The choice of guarantees
The level of guarantees desired impacts the cost of auto insurance. The price will be much higher if the motorist prefers all-risk car insurance to third-party car insurance. A balance must be found between the guarantees offered and the cost.
In conclusion, each insurance company sets its own pricing criteria for young driver car insurance. It is advisable to contact your insurer, ideally before buying your vehicle, to make the right choice in relation to the proposed rate. On average, it takes 1347 euros per year.
To find the best young driver car insurance , do not hesitate to compare the offers with the help of an online comparator. This free and non-binding tool saves you time since it allows you to obtain an overview of the available contracts in just a few clicks. Remember to make several requests for quotes before you commit, observing in particular the guarantees, the level of the deductible and the availability of the insurer. To get a better idea of the quality of the services offered, it may be wise to consult the opinions left by customers on the Internet.
