Car Insurance for learner drivers
Getting your learner’s licence for the first time is an exciting rite of passage for most teenagers. However, for parents, it can be a major source of stress, stress that can be made a little easier by using a good driving school and getting professional driving lessons. Not only is teaching a learner driver how to drive a scary responsibility for parents but the process of making sure you’re covered for insurance for learner driver. This process can be daunting. So here are the basics of what you need to know about car insurance for learner drivers.
How do I add a learner driver to my policy?
Insurers are usually happy to cover learner drivers under their parents’ insurance policies (provided they are driving the same car and not a new one). Adding a learner to an already existing policy should be fairly simple. Usually, it just involves calling up your insurance provider and letting them know that there will be a supervised L-plater driving under the current policy.
How much does car insurance cost for a learner?
Typically, when adding another driver to your policy, pricing changes will fall under the cost of the excess, which will apply in the event of a crash. Firstly, a basic excess fee will always apply, no matter the age, license or experience of the driver. However, there will usually be a learner driver excess, which will be applied separately if the learner driver gets into an accident. Also, if the learner driver is under 25 years of age, a young driver excess may be applied on top of everything else. On the other hand, if you’re over 25 years of age but you’re a learner, an inexperienced driver excess will generally apply.
There are also other types of excess fees that may apply under certain conditions. For example, you may have opted for an optional excess charge in order to lower your monthly premiums, or your car may be singled out based on its type or safety rating, in which case other excess fees may apply. Also, if the parent of a learner driver is trying to keep premiums down by not listing the learner driver on their policy, an additional excess may apply.
How can you save the most money on your car insurance policy?
There are a few ways you can do this. Firstly, it’s important to know that many factors affect car insurance premiums in Australia. Details such as your address, as well as the model and age of your car will affect the price you pay. If you live in an area with a low risk of theft, the price of your premiums will be cheaper.
Other factors that can affect the cost of your premiums are how much you drive and your credit history. By using your car less and maintaining good credit, you may be able to lower your premiums. Also, try comparing insurance policies for learner drivers online to find a policy offering a cheaper price.
What happens afterward?
As a driver passes on to their red and green P-plates and then finally through to their full licence, it’s important you let your insurer know straight away. By doing this, they can adjust the price of your policy to make sure you aren’t paying for a more risky driver than you really need to be. It’s also a good idea to regularly compare policies online to make sure you’re getting the best deal.
The process of taking out car insurance for learner drivers is actually fairly simple. As long as they aren’t driving an uninsured car, you should be able to teach them to drive in a relatively stress-free way. Good luck!
This information was provided by Richard Laycock who is an insurance expert at finder.com.au, Australia’s most visited comparison website.