Alexander Forbes Insurance (AFI) has advised young drivers to consider taking defensive driving courses and to build a safe driving history in order to benefit from low premium rates for vehicle insurance.
Gari Dombo, MD for AFI says insurance companies generally classify young drivers as high risk due to their lack of motoring experience, and this results in them being charged higher premiums.
The likelihood of a young, relatively inexperienced driver being involved in accidents is high owing to among other factors, driving at higher than the regulated speed limit and engaging in risky driving behaviour.
Experts also say a new driver is more likely to have an accident in the first year after passing their driving test than at any other time in their motoring career.
It is for this reason that Dombo says young drivers can improve their chances of getting lower premiums if they obtain a defensive driving course certificate or diploma, and or choose a vehicle with a lower power (lower kilowatts)motor.
“Higher powered vehicles are considered more dangerous especially amongst young drivers,” Dombo says. “In addition, a defensive driving course improves your chances of being considered as a safer driver.”
It is important for the young driver to build up their own driving history and no claims bonus, so it’s best that you take out an insurance policy in your own name. As you become more experienced with a proven good record your rates will reduce as insurance companies are reassured.”
“Committing to lower mileage will lower your premium as the less time you spend on the road the less likely you’ll be involved in an accident.”
“Electing to pay a higher excess means a lower premium; however make sure you can afford to pay out for the higher excess if you do have to make a claim.”
“In addition to the above another good way to keep risk down to build that history is to enhance the security features of your car, and to park your car in a safe place at night,” concluded Dombo.
Also visit the following sections:
- Driver Instructor Insight
- Better Road Manners
- Toyota Advanced 4×4 Training Programme
- Toyota Defensive Driving Training Programme