It’s a bitter irony that students never have any money, yet are charged more than most other drivers for car insurance. A driver’s time as a student is likely to be full of financial worry. Many people leave their cars at home when they go to university and some even declare them off the road so they don’t have to pay insurance or road tax but for those who are left having to pay high monthly premiums, it can be difficult to juggle the insurance with other costs and outgoings. If you are paying for student car insurance in the UK, there are a few ways you can try and save some money.
A few insurance providers have discount rates for those who are studying. Each has different prices and policy terms but it might be worth getting a quote and finding out if you could save money with one of these special schemes. More insurers are providing for the fact that people take their cars to university and are offering particular types of cover.
Then there is also the model of car you drive. Insurance companies group cars into different tiers depending on the engine size and how high spec they are. Drivers with bigger engines and cars that are going to be more expensive to repair end up paying higher premiums. If you really need to save on the amount of car insurance you’re paying, downgrading the kind of car you have could seriously reduce the cost of your insurance premiums. If you’re at university, the chances are that you didn’t pass your test that long ago. Whether it was three months or three years, taking a Pass Plus test is a good way of convincing insurance companies to lower your premiums. This is extra tuition that new drivers take after they have passed their initial test. It teaches students how to drive safely on the motorway and other useful skills you don’t learn in normal driving lessons.
All of the above could help you save money but a sure-fire way of reducing the amount you pay for cover is to look for a provider online. The market is very competitive and there are almost certainly going to be companies offering cover for a cheaper price than you are paying now.
