Why is low deposit car insurance good for new drivers?Tue, 11/10/2016
New drivers are inexperienced and have zero No Claims Bonus, both of which make their policies more expensive. Also many new drivers are young drivers or students, which again adds to premiums whilst incomes tend to be much lower than average. Naturally then, finding the cheapest way to be insured is more important to new drivers, students and young drivers and this is where low deposit insurance comes in.
Low deposit insurance for new or young drivers
Many young drivers have very little savings, even less so when they have bought their first set of wheels. This makes car insurance for young drivers often feel out of reach, especially as insurance premiums are usually high. This makes low deposit car insurance a great option to explore, allowing these new drivers to get on the road sooner rather than later.
Low deposit car insurance gives new drivers the opportunity to spread the cost of their car insurance premium over several months, making it a much more affordable option. For more information on how low deposit car insurance can accommodate your budget, please visit our knowledge base article or get in touch.