Young Drivers
Telematics prices the driving rather than the driver, and that cuts both ways
A monitored policy replaces guesses about a group with measurements of one person, which is why it can be…
· 4 min read
Young Drivers
Why the first years behind the wheel are priced the way they are
The premium a new driver is quoted is built from claim frequency, claim severity and an almost total absence of information about the individual, and only the third of those improves…
By Tara Mukherjee · · 3 min read
Young Drivers
Naming a parent as the main driver is fronting, and it can leave a young driver with no cover at all
Describing an experienced relative as the principal user of a car that a new driver actually uses is a…
· 4 min read
Young Drivers
Adding an experienced named driver only helps when the declaration is true
Household driver combinations are rated as a mix rather than as a list, which is why an addition can lower…
· 3 min read
Young Drivers
The car a new driver chooses moves the price more than anything else they control
Vehicle rating encodes repair cost, performance and theft exposure into a single classification, and the…
· 3 min read
Young Drivers
Learner cover is a separate arrangement, and adding a learner to the family policy is not always the cheap option
A provisional licence holder practising in someone else’s car creates a risk the household policy was not…
· 3 min read
Young Drivers
A no-claims record has to be built in your own name and cannot be handed over
The discount belongs to a policy rather than to a person or a car, which is why years of careful driving as…
· 4 min read
Young Drivers
A conviction weighs more heavily on a short driving record than on a long one
Licence endorsements are rated as evidence about an individual, and where there is almost no other evidence…
· 3 min read
Young Drivers
Graduated licensing rules shape both the risk and the price of a first year
Where a jurisdiction phases in full driving privileges, the restrictions are targeted at the specific…
· 3 min read
Young Drivers
Short-term cover solves a problem the annual policy is bad at
Insurance sold by the day or the week is priced on a different basis from an annual contract, which makes…
· 3 min read
Young Drivers
Carrying passengers changes a young driver’s risk more than almost anything else they do
Passengers are covered by the liability section without being party to the contract, and their presence is…
· 4 min read
Young Drivers
A curfew on a policy is a contract term, not a suggestion about bedtime
Restricted policies price a specific slice of driving out of the risk, and the restrictions bite through…
· 4 min read