It’s no secret that first time young drivers are a risk when it comes to going out on the road and that’s why getting insurance is expensive

So, before you rush out and buy your son or daughter a car for when they pass their test, research carefully the various options available.

Think about the car they are going to drive. They might want a zooped up engine with all the fancy extras, but these come at a cost. The cheapest cars for insurance are the smaller, basic models such as a Fiat 500 or Vauxhall Corsa.

Companies like Marmalade offer deals on new cars and insurance for young drivers that are worth looking at.

Many companies will only insure if you have a Black Box. This works when your car is fitted with a small ‘black box’ device, about the size of a smartphone, which records speed, distance travelled and the time of day or night that you are on the road. The device also assesses your driving style by monitoring braking and cornering. It aims to offer drivers a cheaper alternative by delivering driver-centred premiums based upon actual driving style rather than statistics.

How often they are going to use it? If they are at college for most of the year and only home occasionally, short term cover may be better, alternatively look at options for adding your child onto your own insurance.

Whatever you decide, getting a first car insured for your children isn’t cheap. It might be worth saving up now.



Tedd Walmsley

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Tedd Walmsley managing director of Live Magazines shares his views on the latest topics in media.

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