Insurance Tips for Young Drivers

The reason that the insurance premiums for young South African drivers are usually higher than those for older drivers is that young drivers represent a higher risk to insurance companies.

This is because younger drivers are more likely to drive more recklessly and dangerously than older drivers and thus stand an increased chance of causing or being involved in road accidents.

Here are some useful tip that young drivers can follow to help ensure that their insurance premiums remain as low as possible:

1. Purchase a lower performance car to dissuade you from pretending to be Michael Schumacher
2. Do not be tempted to 'modify' or 'soup up' your car
3.  Make sure your vehicle is fitted with as many anti-theft devices as possible to reduce the risk of theft.
4.  If you take out comprehensive insurance cover, choose to pay a higher voluntary excess because this ensure you pay lower premiums.
5. Take an advanced drivers course to give you that added confidence on the roads and the means to recognise and avoid potential accidents
6. Don't be tempted to lie to your insurance company in order to pay a lower monthly premium. If you are caught, your insurance policy be instantly made void and you will have to pay for any damages out of your or parent's pocket.
7. Remember that if you keep a clean driving and claims free record while you are still young, you will ensure lower insurance premiums for yourself as you get older, and thus save money that you can use elsewhere.