The type of car and the guarantees that the motorist needs are taken into account by insurers to define the amount of insurance contributions. However, the profile of the driver is at the top of the list of the main criteria for determining the price. Focus!
What is a young driver?
According to the Highway Code, any individual who has obtained his driving license for less than three years is considered a young driver (or novice driver). However, this concept is not precisely defined in the Insurance Code. In general, it concerns:
– People who have never been insured;
– Motorists whose license has been canceled following serious traffic offenses.
Any driver forced to retake the theoretical and practical tests after the cancellation of his driving license is also considered a young driver. The same is true for an individual who has not purchased auto insurance for at least three years. Indeed, as an insured, he starts from scratch despite his many years of driving experience.
The other pricing parameters
Apart from the driver’s profile, other criteria are taken into account to define the cost of car insurance, whose :
– The make, model and age of the vehicle;
– The purchase value, whether it is a new or used car;
– Fiscal power and motorization (gasoline, diesel, LPG, hybrid or electric);
– The various options such as the driving assistance device for example.
The average price of car insurance for young drivers
For the three types of auto insurance, the rates offered to “experienced drivers” are estimated at:
– 450 euros per year for third party insurance;
– 600 euros per year for the intermediate formula;
– 800 euros per year for comprehensive insurance.
For the young driver, an additional premium with a coefficient of 100% will be applied to define the amount of its contributions when subscribing to an auto insurance contract. If he drives flawlessly and is not responsible for any accident, this additional premium is reduced. In fact, the second year of insurance, it is reduced to 50%, then to 25% the following year and eventually disappear at the end of the fourth year.
How to pay less?
En opting for accompanied driving, the applied surcharge is lower. In fact, it is reduced by half, ie 50% of the basic rate during the first year. It then drops to 25% at the end of the second year, then 12.5% the following year before being abolished.
In any case, the payment deadlines must be respected to avoid the possible sanctions provided for in article L113-3 of the Insurance Code. Several payment methods are offered by insurers: cash, check, bank transfer, etc.
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