The question of insuring a young driver is a difficult one as it will often cost a lot of money. There are other factors, however, and these must all be considered. Yearly mileage, gender, occupation and the number of previous convictions are all pertinent, deciding factors and can have a big influence upon the cost of car insurance.
You can opt to have your 17 year old put on your car insurance policy as a named driver and this will be much cheaper, providing you are willing to let him or her use your pride and joy. One word of caution here though: This option is legal but not if your 17 year old is the main driver of the car. Claiming that you are the main driver when this clearly isn’t the case can result in you being liable for fraud.
You can try going to one of the car insurance firms that specialise in policies for young drivers as these may often be cheaper. Other than this, I would advise you to be completely honest when asking for quotes and try as many firms as possible. Using price comparison websites can be quite a good option and will show how expensive it can be. Just take a look at the most expensive quotes which can reach five figures.
Many insurance firms are currently accepting certain advanced driving certifications and are lowering insurance quotes as a consequence. These courses are generally very cheap and can reduce your premiums by up to 30%. Not all firms will reduce their premiums based on this though and you need to factor this in when deciding between insurance policies.
Car insurance for a 17 year old can be exceptionally expensive, especially for 17 year old male drivers. However, there are steps you can take to reduce this cost and you can add your 17 year old to your policy for less than £1000. If you wish to get a separate policy for your 17 year old then you should be aiming for just under £2,000 although you may be able to get a good deal.
