Car insurance for young drivers can be expensive, as insurers view younger drivers as higher risk. This often makes it difficult for young drivers to find affordable coverage. Fortunately, there are several ways to save on car insurance costs. Here are some tips:
Opt for basic liability coverage
Consider choosing liability-only insurance instead of full coverage. This is usually the cheapest option and may be sufficient for older vehicles, but ensure it provides the protection you need.
Raise your deductible
Increasing your deductible can lower your premium. This means you’ll pay moreout-of-pocket if you have an accident, so weigh the risks carefully.
Take a defensive driving course
Some insurers offer discounts for drivers who complete additional drivingcourses. This shows you are serious about safe driving, which appeals toinsurers.
Choose a smaller, less powerful car
Smaller cars with less powerful engines are often cheaper to insure. Consider a fuel-efficient car with a lower risk profile.
Compare insurance providers
Shop around and compare different insurers and their rates. Some insurers offerspecial deals for young drivers, so it’s worth taking the time to look.
In the Netherlands, basic third-party liability (WA) insurance is mandatory for every car owner. This insurance covers damage caused to others in case of an accident but does not cover your own car. However, there are more comprehensive options, such as "casco" (limited coverage) and "all-risk" (fully comprehensive) insurance, which also cover your own car. But are these extra options truly worth the added cost?
