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Know How to Choose the Best Car Insurance for Young Drivers

As soon as you turn 18 years old, you can get a driver’s licence in India. This is the reason we see many young people enthusiastically getting behind the wheels. Whether it is a vehicle that a young driver purchases himself or it’s the car of his parents, insurance is needed for the vehicle. As a result, most insurance providers offer car insurance for young drivers. What are these plans and are they any different from the regular motor insurance plans? And how to choose the best car insurance for young drivers? Read on to get all the answers.

The different car insurance options for young drivers

Most of the young drivers are responsible. However, they lack experience and this makes them slightly more vulnerable behind the wheels. To ensure a young driver, his car and third parties stay safe, you need to get a good young driver car insurance plan. Here are some options:

  • Third-party liability 

This is a compulsory form of motor insurance in India. It covers all third party expenses. Additionally, it also offers a personal accident cover to the policyholder.

  • Own damage

This type of plan only pays for the damages incurred to the policyholder’s own vehicle. This is a good option to have if you already have a third party insurance plan.

  • Comprehensive 

The comprehensive car insurance plan offers coverage against third party liability as well as own damage. It is a wholesome cover that allows you to stay covered in a well-rounded fashion.

Getting the perfect insurance plan for a young driver

Young drivers are very enthusiastic and enjoy driving their vehicles regularly. If you too are a young driver who is looking to get a car insurance plan, here are some points to help you choose the ideal cover:

  • Type of vehicle

If you have a very expensive vehicle, getting a comprehensive car insurance plan always helps. If you have a second-hand car, a third party liability insurance plan may suffice.

  • Driving experience 

An inexperienced driver will get into more accidents as compared to a seasoned driver. If you are a beginner, opt for a comprehensive car plan else it will become very expensive to pay for the repairs each time you bump your car into something.

  • Budget

This is a very important factor to consider. Third-party car insurance plans are cheaper than comprehensive plans. So if you have a very tight budget, settling for third party cover may be a better option. 

Scrutinize all of the points mentioned above and then decide on the best car insurance for young drivers.

Third-party car insurance or comprehensive insurance – which one to choose? 

As stated, there are different types of young driver car insurance plans available in India. Here’s a guide to help you choose the best plan:

  • Buy a 3rd party insurance policy if:
    • The car is quite old and you plan to replace it soon
    • You hardly drive the car and only take it out for joyriders within your locality for short durations of time
    • You are quite confident of your own driving skills
  • Buy a comprehensive car insurance policy if:
    • The car is new and expensive and you wish to use it for many years
    • You plan to extensively use the car and drive it regularly for long distances
    • You are a complete novice and may end up bumping the vehicle often

Car insurance needs are user-specific. Therefore, you need to analyse the aforementioned factors and then settle for the best car insurance for new drivers.

Tips to invest in a car insurance policy for young drivers

  • Choose the right type of plan

Start off by assessing your own needs to know which type of car insurance policy you require. This is the most important thing to do as you need to have a plan that matches your requirements.

  • Make a budget

Next, you need to make a budget to understand what your financial capacities are. Choose a plan that’s affordable so that you can pay the car insurance premium on time and keep the policy active.

  • Get some riders

Riders are add-on covers that help you to customise your policy. They are available with comprehensive insurance plans. The common car insurance riders include the engine protection rider, the roadside assistance rider and the zero depreciation rider, among others.

  • Renew on time

Always remember to renew the plan on time. Even if the policy remains in a lapsed state for one day, and on that very day a mishap takes place, you cannot make a claim. Also, you can get into legal trouble if you drive your car without a valid car insurance plan. This is why you need to renew your policy on time and stay covered.

  • Compare and look for online insurance

If you are looking to make some handy savings and looking for cheap car insurance for young drivers, run an online car insurance comparison. When you compare you get to see all the available plans. You can then invest in the best option and keep your vehicle secured while saving money too. Also, look to get the policy online as online car insurance plans are always cheaper than offline plans.

  • Choose a good insurer 

And last but not the least, invest in a good plan from a good motor insurance company. Unless you have the support of a good insurer who has a healthy claim settlement record, you won’t benefit much from the cover. Do your research and locate the best insurance provider to buy your car insurance plan from.

Conclusion 

As you can clearly see from the points mentioned above, getting the best car insurance for young drivers is a crucial thing to do. Fortunately, there are several options to choose from. Go online, compare the plans and find the ideal cover in a quick and convenient manner.

FAQs

What is the most affordable car insurance for young drivers?

The third-party liability car plans are very affordable. However, while buying car insurance, you should not just consider the cost. Also look for the covers available, the claim process, etc. and choose the plan that offers the best value.

What is the cheapest way to get car insurance for a teenager?

The cheapest way to get car insurance for a teenager who’s learning to drive is to get a third party car insurance plan. Buying the plan online can further lower the costs so compare and buy car insurance online.

What is the best type of car insurance policy?

Comprehensive car insurance plans are considered to be the best and the most wholesome forms of motor insurance. However, these plans are more expensive, and so, you need to assess your needs to know which plan is best suited for your requirements.

What is cheap car insurance for young drivers?

Motor insurance is very affordable in India. The third-party plans are inexpensive. The comprehensive plans are more expensive but still economical in the long run. Depending on factors such as the experience of the young driver, the make and model of the car and the location, you should choose a car insurance policy that is affordable while being well-suited to your needs too.

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