Passing the driving test can reduce car insurance premiums by €1,000 for young drivers

Young drivers are encouraged to pass their driving test, which could save them €1,000 in insurance coverage.

Broker’s advice comes as there are still long waiting times for those wanting to take a driving test.

The pandemic led to massive backlogs in driving test centers.

There is currently an eight to ten week delay in getting a test. However, this can vary from an average of nine weeks in Ennis, Co Clare to 21 weeks in Drogheda, Co Louth and over five months in Killester, North Dublin. managing director Jonathan Hehir said the cost of car insurance premiums has come down over the last 12 months.

But the price reduction was not perceived equally across the board.

Mr Hehir said young motorists still find it difficult to access affordable insurance.

Prices of 2,000 to 3,000 euros are not uncommon.

“They also had to endure two years of delays and waiting lists at driving test centers.

“And like the rest of us, they are also being hit hard by current gas and diesel costs,” he said.

Young and inexperienced drivers can reduce the cost of coverage by completing their 12-lesson Essential Driver Training (EDT). They must also pass their driving test and gain a year or more driving experience as a named driver.

He gave the example of a 19-year-old driver who has a provisional license but has completed 12 lessons.

The driver has a Volkswagen Golf 1.4L. A typical offer for this person would be €2,400.

But in the second year, with a full license and one year no-claims discount, it can be as little as 1,489 euros.

“Young drivers need to equip themselves with every opportunity to get the lowest possible premium.

“And in our experience, passing the test and moving from a preliminary license to a full license can save €1,000 in premiums,” said Mr. Hehir.

He said young drivers should be mindful of the obstacles to getting started – they don’t have a no-claims bonus and no named driver experience to draw on for discounts.

Additionally, they need to be aware that there is limited competition for novice drivers in the market, with only a handful of insurers willing to take on the risk associated with such drivers, Mr Hehir said.

The broker said some insurers are offering discounts for drivers who have completed 10 hours of instruction with a qualified driving instructor.

If possible, young drivers should plan ahead and try to be included in a parent’s policy before they take their driving test.

There are some insurance providers offering discounts to young drivers who have six months’ experience on a parent’s policy, Mr Hehir said. Passing the driving test can reduce car insurance premiums by €1,000 for young drivers

Fry Electronics Team

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