YOUNG drivers face extortionate car insurance premiums due to the lack of experience these drivers have and also how risky they are, however, this new company offer drivers a chance to slash their premium cost.
Young drivers are handed the most expense car insurance premiums in the UK bevcause they pose the biggest risk on the road, due to their inexperience.
Insurers will bump up the price of a young person’s policy as they are statistically more likely to be involved in an accident.
This can often be a dilemma for young drivers and even a reason for them not to get behind the wheel of the car.
Sometimes the cost of the premium can significantly outweigh the value of the car.
Annual premiums costs can exceed £3,500 in the UK making the possibility of owning a car not available to everyone.
Smartdriverclub Insurance offers drivers a telematics-based insurance policy which could drastically see the cost of your premium tumble.
It measures your driving behaviours induing speeding, harsh braking and cornering and then builds a profile of what kind of driver you are based on that assessment.
Premiums are then tailored to your specification.
One driver, Chantell Mitchell, 27, managed to save a whooping £2,700 off the cost of her insurance premium by using one of the devices.
The part-time DJ was being quoted £3,500 to insure her Vauxhall Corsa, before being quoted £1,704 from Smartdriverclub, with the incentive to slash her premium again if she drove well.
At renewal the premium was reduced again to £756 - a 55 per cent saving.
Chantel Mitchell comments, “After I passed my driving test I thought I wouldn’t be able to afford the insurance as the quotes I received were excessive.
"The first thing that impressed me about Smartdriverclub is that right from the start I saved £100 a month on my insurance premium compared to the other quotes I received.
“I knew that if I drove well in my first year I would be rewarded with lower insurance on renewal.
source:car insurance