Money Matters Team

Guide to Car Insurance for Young Drivers and Teens

By Money Matters Team 23/01/2019

It’s no secret that car insurance can be extremely expensive for young drivers. In fact, drivers under the age of 25 are thought to spend around half of their car’s value a year on insurance alone. However, as with most things, the more informed you are, the better deal you can get. So, if you’ve recently passed your test and are thinking of the best options for you, read on.

While it can feel almost impossible to find cheap car insurance as a young driver, you can secure cheaper premiums by making just a few simple adjustments. Getting a slightly smaller car than you might have first imagined or adding an additional driver onto your policy are small sacrifices to make if it ends up saving you a considerable sum on your insurance.

This Money Matters post aims to be informative and engaging. Though it may include tips and information, it does not constitute advice and should not be used as a basis for any financial decisions. Sainsbury's Bank accepts no responsibility for the opinions and views of external contributors and the content of external websites included within this post. Some links may take you to another Sainsbury's Bank page. All information in this post was correct at date of publication.