Congratulations! You’ve passed your driving test and you’ve been saving for months to buy your first car to celebrate… and then you realise that getting on the road is going to cost you a lot more than the initial outlay. With the average cost of comprehensive car insurance for drivers between 18 and 20 falling just shy of £1000 per year, being a young, newly qualified driver may not be all it’s cracked up to be.
Not to worry! Sainsbury’s Bank have come through with their top tips to reduce the cost of insurance for you. For example, choosing a car which sits in category 1-5 of the 50 car insurance categories will be the first step to keep costs low. Confused.com have sourced their top 10 cars within this category which don’t sacrifice looks and comfort. Another good suggestion is adding a second driver to your insurance- if they have a good driving record this will help to make you less of an insurance risk.
As appealing as it may seem, modifying your new motor can rack up the cost of your insurance too, with modifications like a turbo charged engine increasing your premium by 132%!
While Liftshare can’t reduce the cost of your insurance, we can help to reduce the driving costs. Let’s face it, most of the time you’ll be driving around on your own. Fill those empty seats and you can receive a contribution to your petrol costs (check out our savings calculator to work out how much you can save), as well as making a new mate or two – maybe even some new Carpool Karaoke players! On average, our regular sharers save over £1000 per year – negating your costly insurance premium!
Whether you want to share your daily commute or your trip to a festival this summer and want to save some pennies, using Liftshare is simple and FREE to join! Sign up to Liftshare.com or your organisation’s Liftshare community, add your journey and find you’re match. You can even use our app (iOS/Android) to make arrangements with your liftsharers.
Have you shared with Liftshare and have a good story to tell? Our Membership, Campaigns and Communications Manager would love to hear from you!
Author Laura Watling
Car share for less with Liftshare, the UK’s biggest sharing economy site!