Driving is an increasingly costly activity for young people
Wednesday, February 29th, 2012Driving is an increasingly costly activity for young people. Simply gaining a full driving license in the UK will cost several hundred pounds, that’s before you think of the additional costs involved in buying, running and insuring a car.The cost of petrol has been going up for some time now and it’s no secret that cheap young drivers car insurance costs, particularly for young people, have been rising in recent years. The recent ruling by the European Court of Justice stopping cheap young drivers car insurance companies from considering gender when setting premiums and pricing is going to have an additional upward pressure on the cost of motor cheap young drivers car insurance.So there’s never been a better time to stop and think about what you can do to keep your insurance premiums as low as possible. Our brief guide should help.The first simple rule is to choose a car in a low insurance category. There is no sense in acquiring an old Porsche Boxster as your first car. It might look nice on the driveway, but that’s where it will have to stay unless you have very deep pockets to afford the insurance premiums. Instead go for something cheap and cheerful. Small is beautiful when it comes to your first car, it’s the most important rule.OK so you’ve had to settle for an old Renault Clio and it’s not the world’s coolest car. Never mind, resist the temptation to modify it. Non-standard bits and pieces have to be declared to your insurers (or you may invalidate your policy) and there’s a very good chance that any modifications, even cosmetic ones, will add cost to your premium.