Cheap car insurance for young drivers and purchasing the right first car
It's a well known fact that finding a good deal on young drivers insurance is not an easy task and that by purchasing the right car in the first place inexperienced motorists may be able to help themselves in the quest for cheap cover. However, knowing just what to buy can be a difficult dilemma.
Most car insurance pundits will suggest a car with a small engine, not too powerful and without modifications. Some say, newer cars will get a cheaper quote, because they have more safety features and some will argue that a cheap, older car will cost less to insure purely because it will cost less for the insurer to replace it in the event of a total loss.
All of the above are true. The only definitive guidance is that every insurance quote will be calculated on the individual circumstances of the driver applying for the policy and the quote will be made according to how the insurer adjudicates the risk - that's why it is important to shop around and compare as many quotes from as many insurers as you can.
For many young drivers buying that all-important first car is a momentous step. You take your hard-saved few hundred pounds - maybe a thousand or two if you're lucky - and you scour the classifieds for that glorious motoring bargain. But, hang on a minute. What's happened? There seems to be a lack of cheap cars on the market. What's going on?
Scrappage! That's what's going on - the government scheme to get people with cars over ten years old to trade them in for a shiny new car at a discounted price, leaving the old banger to be decommissioned and taken off the road permanently.
Sounds good, doesn't it. But, what happens when you take a lot of the old cars off the roads in one fell swoop? Well, as is happening in the UK right now (September 2009) young drivers looking for their first car at a reasonable price can't find one. And the few that are left in circulation have become sought after which pushes up the price.
It may have been great for the UK motor trade, but for young drivers it has meant that their independence is still not easily attainable.
"We're looking at a shrinking pool of appreciating second-hand cars with no immediate signs of reversal in this trend," says the director of Carsite.co.uk, Alistair Jeff.
Add the rising costs of used cars to those of fuel, car tax and young driver's insurance and you can see why many young people despair that they will always have to borrow their mum's Ford Fiesta, complete with Celine Dion CDs, and that their mates will refuse to get in the next time it is their turn to drive.
Well, rest assured, the Scrappage scheme will not be around forever, it will end in March 2010 or before if the budget runs out, and then hopefully, older vehicles will come back on the market. Then, if you are a shrewd buyer, you can get hold of a vehicle with all the attributes required to get a really good deal on your young drivers insurance from Hoot. Call us .
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