When calculating the cost of new drivers' insurance premiums, providers will attempt to weigh up as many factors as possible before naming their price. The problem is that the experience and record of the driver coupled with national driving statistics play a very large part in determining these premiums.
Unfortunately, new drivers that are under the age of 21 are far more likely to involved in crashes and other similar incidents, which in turn causes all motor insurance policies, not just van insurance, to be significantly higher for younger people.
Maintaining a clean record can go a long way to reducing premiums as time goes on, customers should also shop around for van insurance quotes, as there may be providers willing to offer new drivers a good deal on their premiums.After the age of 21, the cost of van insurance for young drivers will fall dramatically as long as long as they maintain a good driving record. Indeed, many insurance companies offer substantial incentives and rewards for customers who maintain their no claims bonus over a number of years.
Although relative inexperience plays an unavoidable large part in calculating the insurance premiums of young drivers, there are a few steps which can be taken in order to lessen the financial burden that many young drivers have to bear.
The choice of vehicle plays a surprisingly large role in calculating the cost of van insurance premiums for young drivers, therefore it is important to take due consideration before making a choice. Maintaining a no claims period for as long as possible will also go a long way to reducing van insurance premiums.
Many insurance providers will offer a highly competitive service for new drivers and it is recommended to shop around and compare van insurance policies in order to find the best deal.