You just got your probationary driving license?
So for three years, you’re going to be considered a young driver by car insurance companies.
As such, you must insure your vehicle with young driver insurance.
1. What is a young driver?
A driver is considered a young driver when he has held his driving license for less than 3 years.
A driver unable to provide proof of car insurance in the last three years is also considered a young driver.
Being a young driver is a ” status “ in auto insurance.
The “status” of young driver comes with a premium on the vehicle in automobile insurance.
Young driver “status” is framed by law.
Legally, the young driver is the driver who has held his driving license for less than three years.
2. When does young driver status end?
Young driver “status” ends when the driver’s probationary license expires.
The duration of the probationary license is set at three years (two years for drivers who have learned to drive through accompanied driving).
At the end of the “status” of young driver, it is up to the driver to take out a traditional automobile insurance contract.
3. How long does young driver car insurance last?
The duration of young driver car insurance is dependent on the “status” of young driver. Legally, the young driver is the driver who has had his probationary driving license for less than three years or the driver who has not had automobile insurance in the last three years.
4. What is the specific feature of young driver car insurance?
The novice driver is considered a “at risk” driver by car insurance companies.
As such, the young driver is subject to an additional premium for the insurance of his vehicle, the additional premium corresponding to a greater risk to be covered.
According to official statistics, young drivers represent 9% of car drivers and more than 20% of fatal road accidents.
Furthermore, the young driver does not have a favorable (or unfavorable) driving history on which the insurer could rely to moderate the auto insurance of a population perceived at risk.
The additional premium applied to young driver car insurance disappears after three full years of insurance without a responsible road accident.
5. What is the amount of the additional premium applied to young drivers on car insurance?
Setting the amount of the additional premium applied to young drivers on car insurance is the responsibility of motor insurers, but the maximum amount of the additional premium is regulated by law.
Some insurers apply lower surcharges for young drivers who have learned to drive with accompanied driving, the latter having a driving history.
The additional premium applied to the young driver is at maximum of 100% of the basic contribution.
6. Which car insurance formula is best suited to a young driver?
A young driver is exposed to a high car insurance premium.
To get out of the “status” of young driver linked to the probationary driving licence, the young driver must be able to prove a complete driving history of three years without a road accident at fault. In other words, the young driver must adopt a careful and responsible driving style.
Given the pricing of car insurance during the first three years, the young driver has every interest in ensuring third.
7. How is the amount of young driver car insurance calculated?
The car insurance quote for a young driver is drawn up on the basis of criteria taken into account by car insurers (vehicle, location, type of use, mileage, driver’s age, driving history in the event of accompanied driving, etc.)
8. What is the bonus or penalty for young driver car insurance?
Depending on the events recorded, the young driver car insurance contract evolves.
L’absence of responsible accident during the past year gives rise to the benefit of a bonus, i.e. a reduction in the car insurance premium.
On the contrary, a young driver with a at-fault accident history (totally or partially) during the past year is penalized with a penalty. In this case, the amount of the auto insurance premium increases.