Young driver term insurance, how do you go about it?

Young driver term insurance, how do you go about it?

Buying temporary young driver insurance can quickly become a headache. Unless you are sufficiently informed about this type of product offered by insurance companies, you may end up with plans that are too expensive or do not contain enough guarantees.

In this article, find out everything you need to know in order to subscribe to these plans from the right end.



Young driver temporary car insurance: what is it?
It is a variation of term auto insurance products designed specifically for young drivers. That is, those whose permits are less than three months old. But like any term insurance contract, it is subject to certain conditions.

You must be closed by the age of 21 with a driving license dated at least two years old. Knowing that the young driver label is reserved for people with a probationary license, this means that you must be at least in your 3rd year of probation to take out this temporary young driver insurance.

In addition to these two eligibility criteria, your malussed or terminated status will also be checked. The companies reserve the right to decline your insurance claim if you have any of these liabilities on your file.
Wondering how they could know about these details about your past? Note that they will appear on the recent information sheet that will be requested from you along with the vehicle registration document to be insured and your driver's license. As with non-rolling car insurance, that for the young driver marks a milestone.

If you meet all the conditions, your insurance contract will be validated. The guarantees offered are generally the same as those for third-party insurance. We will discuss civil liability and your protection in the event of an incident.

But you may come across companies that offer you other additional options such as driver and passenger bodily coverage, breakdown assistance and accident assistance. In any case, this insurance will only cover you for a period between 1 and 90 days.

The contract systematically ends as soon as this period expires. It's up to you to renew it if you feel like it. But before we get to that, it's important that you know about the Young Driver Surcharge.



What is the Young Driver Surcharge in Young Driver Temporary Auto Insurance?
Insurers have provided for the application of a premium supplement to young drivers and all those who have been uninsured for 3 years as in the case of wreckage insurance.

This additional premium is applied to mitigate the risks posed by these two groups of drivers due to their lack of experience. To put it simply, the more recent your license, the more you will pay in membership fees.
The increase drops by half each time you go a whole year without an accident involving your liability. Your temporary young driver insurance is a precious key to your health.

And it will disappear completely when you have reached 3 years of full insurance without accidents for which you are responsible. Please note that it is possible to reduce the amount of this additional premium. To do this, you must have completed the early learning to drive training.

Covering your vehicle, regardless of the cost of your car, is essential, even temporarily. The prices are important, especially as a young driver behind the wheel of his first car, but the insurance companies offer formulas adapted to such needs. A vehicle is first and foremost a liability and the related cover must be mandatory and compulsory.

The application of this bonus supplement is also combined with a bonus / penalty system, the principle of which is as follows. If you have never been insured in your name, a bonus / penalty coefficient equal to 1 will be applied to you.

This coefficient will rise to 1.25 (penalty) if you are responsible for several accidents. If you are not responsible for the claim, it will experience a significant drop from year to year (bonus).