Young drivers are often the most vulnerable on the road because they lack experience. However, they can protect themselves by purchasing a car insurance cover that is affordable and has the coverage that they need. Car insurance prices for young drivers vary depending on their age, driving history, type of car cover that they purchase, where they live and how many miles they drive each year.
Car insurance is something that we all need to drive legally, keep car owners, and car safe from unexpected incidents. Young driver car insurance offers lower rates for drivers who are under 25 years old. The best way to find out if there is cheap car insurance for young drivers is to compare different providers' offers.
Young driver’s car insurance is likely to be very expensive, it might even cost more than your first car. So it’s useful for new drivers to have an idea of what affects how much you pay, how to get the best deal, and how you can reduce your premiums. We will explain you most important things you have to remember before buying your car insurance as a young learner driver.
Benefits if you stay on Parents Policy:-
- You can get multi-car discounts on your vehicle by adding your policy to your parents’ insurance.
- You’ll qualify for all of the loyalty discounts that your parents are already receiving.
- If your parents have other lines of insurance, you’ll receive a multi-line discount on your car’s rate.
Tips for Finding the Best Car Insurance for Young Drivers:
Car insurance is a necessity for most drivers, but it can be difficult to find the best coverage. If you're looking for car insurance for young drivers, here are some tips to help you find the best car insurance deals.
- Shop around
- Check your capability
- Get quotes online
- Compare prices and coverage plans before choosing a policy.
Best Car Insurance for Young Drivers:
Most of the young drivers are responsible. However, they lack experience and this makes them slightly more vulnerable behind the wheels. To ensure a young driver, his car and third parties stay safe, you need to get a good young driver car insurance plan. The type of insurance you choose may depend on if you’re still learning to drive or you’ve passed your test. Here are some options:
- Third-party liability: This is a compulsory form of motor insurance in India. It covers all third party expenses. Additionally, it also offers a personal accident cover to the policyholder.
- Physical injuries
- Damages to the vehicle
- Damage to the property, and
- Death.
- Own damage: This type of plan only pays for the damages incurred to the policyholder’s own vehicle. This is a good option to have if you already have a third party insurance plan.
- Comprehensive: The comprehensive car insurance plan offers coverage against third party liability as well as own damage. It is a wholesome cover that allows you to stay covered in a well-rounded fashion.
- Damage caused by Natural disasters or severe weather
- Fire
- Theft
- Vandalism
- Damage to the third party
- Damage to your vehicle caused by falling objects such as trees
- Damage or destruction of your vehicle caused by an act of civil disturbance such as riots.
Car Insurance for Young Male & Female Drivers:
The average cost of car insurance for young male drivers in India will pay Rs. 3000 to Rs. 5,000 per month for comprehensive coverage with a deductible of Rs. 5 lakhs and an annual limit of Rs. 10 lakhs, while a female driver will pay Rs. 2,500-Rs. 5000 per month for the same coverage with a deductible of Rs. 1 lakh and an annual limit of Rs. 10 lakhs.
Young drivers need to get car insurance to protect themselves and their family in the event of a crash. However, insurance can be expensive. It's a good idea for a young driver to shop around and compare rates from different providers. The good news is there are also affordable options that can provide coverage for these drivers.
|
Young Driver - Coverages |
Male Driver |
Female Driver |
| Comprehensive Coverage |
Yes |
Yes |
| Third Party Liabilities |
Yes |
Yes |
| Deductibility |
5 lakh |
1 lakh |
| Annual Premium |
10 lakhs |
10 lakhs |
| Monthly Premium |
3000 - 5000 |
2500 - 5000 |
Cheap Car Insurance Quotes for Young Driver:
There are so many different options to get you cheap car insurance for young drivers. It’s all about finding the right policy for you. Best place to get car insurance for young drivers is by using our car insurance comparison tool you can find which option to choose. It is the quickest and easiest way to save you money on your insurance.
A car insurance premium is calculated based on many factors and being risk. Usually young and new drivers are considered into high risk group. In such a case adding someone having more experience in driving in the policy brings considerable difference in the premium amount like staying under parents/guardian policy. Here are some points to help you choose the cheap car insurance for young driver:-
- Type of Vehicle
- Age of car
- Driving experience
How to Get the Cheapest Car Insurance for Young Drivers?
The best way to find the cheapest car insurance for teenagers is to compare quotes from different providers. This way, you can find the cheapest car insurance for young drivers and also get a good deal on your vehicle.
- The first step is to compare the rates of different insurance providers. The best way to do this is to compare quotes at PolicyBachat. You can also talk to our agent who will help you with this process.
- Next, before you sign up for a plan, it's important to read the fine print and understand what your insurance policy covers. You should also look at the deductible and whether or not there are any discounts available for drivers who have had no accidents in a certain period.
- Lastly, if you're able, consider purchasing liability only coverage. This type of coverage will cover damages that you cause to other people's property or injuries that you cause them while driving your car on public roads.
Car Insurance for Young Drivers under 25:
The prices for car insurance for young drivers are based on their age and the type of car they drive. Car insurance can be more expensive for drivers under 25 because they are statistically more likely to have an accident. Young drivers will have to pay more for their car insurance if they drive a sports car or a luxury vehicle. The cost of car insurance is also based on where you live and your credit score.
|
Car Insurance by Age |
Premium |
Decrease from Previous year |
| 16 years old |
4000 |
16% |
| 18 years old |
3500 |
11% |
| 20 years old |
3200 |
9% |
| 22 years old |
3000 |
7% |
| 24 years old |
2947 |
6% |
| 25 years old |
2500 |
5% |
Points to remember while buying Car Insurance for Young Drivers:
Having a car is a necessity in today’s world. But, the cost of car insurance can be a significant burden for any family. It's important for young drivers to get car insurance to protect themselves and their family in the event of a crash. However, insurance can be expensive. It's a good idea for a young driver to shop around and compare rates from different providers. The good news is there are also affordable options that can provide full coverage for these drivers.
- Choose the right type of plan
- Make a budget
- Get some riders
- Renew on time
- Compare and look for online insurance
- Choose a leading insurance provider.
Top Car Insurance Companies for Young Drivers in India:
All experienced and longtime car insurance companies are looking for young safe drivers with a lot of experience. Because, more the experience, more the skills, and less the accidents that results in no claims which adds to the profit of the company. Therefore based on your skills and experience, the car insurance companies offer discounts to young drivers.
|
Company |
Average Premium |
Why choose? |
| Edelweiss Car Insurance |
2038 |
- Good customer support
- Priority services at preferred workshops
- Quick claim settlement.
|
| Universal Sompo Car Insurance |
2294 |
- Quick claim settlement
- Instantaneous purchase
- Wide range of add-ons
- 24x7 claim assistance
- Robust customer support system.
|
| Royal Sundaram Car Insurance |
2482 |
- Good and hassle-free pre-sales and post-sales services
- Towing facility – spot repair services
- On-time Services
- 24x7 claim assistance.
|
| SBI Car Insurance |
3138 |
- Easy and hassle-free purchase process
- 24x7 claim assistance.
|
| IFFCO TOKIO Car Insurance |
2918 |
- Instant digital copy of the policy
- Quick and hassle-free claim settlement
- On-road protector coverage
- Surveyors for immediate claim initiation.
|
| Acko Car Insurance |
3299 |
- 24x7 emergency assistance
- A dedicated claims team
- Claim approval within 7 days
- 1 day pick up for repairs
- 3 step door delivery at no cost.
|
| Navi Car Insurance |
2074 |
- Insurance coverage
- Legal liability
- Financial security
- Affordable premiums.
|
| Oriental Car Insurance |
2092 |
- Premium Discounts
- Cashless repair facility
- Excellent customer service.
|
| Shriram Car Insurance |
4027 |
- 24x7 Hassle-free claim process
- Survey and assistance within a day
- Simple claim procedure
- Updated claim status.
|
| Magma HDI Car Insurance |
3881 |
- Save time
- Get better price
- Easy and convenient process
- Trained professionals at your service.
|
*Above mentioned values are for knowing purpose only, for exact readings compare the car insurance quotes*
Frequently Asked Questions:
How much is Car Insurance for Young Drivers Price?
Car insurance for young driver’s average cost starts at Rs. 2072 up to Rs. 5000. Here are some crucial factors which determine the calculation of premium amount for car insurance. The car insurance for young driver’s price depends on these factors such as:-
- Vehicle owner’s age
- The fuel type required to run the vehicle
- Geographical location
- Insured Declared Value (IDV)
- Cubic Capacity
- Car’s manufacturing yea
- No claim bonus (NCB)
- ARAI Anti-theft discount.
When does Car Insurance get cheaper for Young Drivers?
- Avoid Making Small Claims
- Driving history
- Purchase Car Insurance Online
- Install Anti-Theft Devices in Car
- Renew Your Policy on Time
- NCB Transfer to the New Car.
Why is Car Insurance so expensive For Young Drivers?
Car insurance is more expensive for younger drivers because they don’t have enough experience to prove they aren’t a risk. In the eyes of most insurance companies, older drivers are less likely to cause accidents that result in costly claims.
Where to get the Affordable Car Insurance for Young Drivers?
Car Insurance for Young Drivers can be found at PolicyBachat. We cater unbiased comparison of quotes, 24*7 customer assistance team your motive is to give our customers right quotes with compare car insurance rates online.
- Go to compare car insurance quotes online at PolicyBachat.com
- Fill in required details select your Car Model & Variant, RTO Location, Registration date, and Email address.
- Click on the “START SAVING MONEY”.
- Choose between a Third-Party Liability Only and a Standard Package (Comprehensive Insurance).
- Premiums with different insurance companies are displayed with low premiums
- Select required Add-ons/Riders and discounts, or you can Edit Policy Details as per your requirement
- After that fill in the ‘vehicle owner details and personal details’.
- Purchase best Car Insurance Policy using online payment
- If any queries are raised call: 1800–123–4003.
What is Pay As You Go Car Insurance for Young Drivers?
The Pay as you drive car insurance plan for young drivers is beneficial and convenient for drivers who do not drive regularly as it can help them save up on their car insurance premium. The Pay as you drive is a cover that offers discount depending on the car usage as per the total kilometers covered which is less than 15,000 kms.