Learning to drive is an exciting milestone, but it can also come with financial challenges, especially when it comes to car insurance. Many young drivers face high premiums when added as named drivers to their parent or guardian’s annual policy. However, there’s a savvy solution that could save you a significant amount of money: temporary learner driver insurance. In this article, we’ll explore how opting for temporary learner driver insurance can be a budget-friendly alternative, backed by research conducted by Cuvva.
The Cost Comparison: Temporary Learner Driver Insurance vs. Adding as Named Driver
When it comes to cost, the difference between being added as a named driver to an annual policy and choosing one day provisional insurance can be substantial. Cuvva’s research conducted in September 2022 highlights the potential savings. Let’s take an example to illustrate the point:
Imagine a 19-year-old man in Cardiff who wants to practise driving with his parent’s Vauxhall Astra Active. If he were to be added as a named driver to his parent’s annual policy, it could cost an additional £2,132. However, opting for temporary learner driver insurance to cover his DVSA recommended 20 hours of practice (outside of lessons) with Cuvva could cost him just £223. That’s a significant saving of over £2,000!
Once you’ve passed your test, you can find temporary car insurance policies on your full licence too, which in a similar way will give you flexibility. But as it is a legal requirement to have your car always fully insured in the UK, this is a good option when you are car sharing or borrowing someone’s motor.
Benefits of Temporary Learner Driver Insurance
- Cost Savings: The primary advantage of temporary learner driver insurance is the potential for substantial cost savings compared to being added as a named driver to an annual policy. These savings can be especially significant for young drivers facing high premiums.
- Flexibility: Temporary learner driver insurance offers flexibility by allowing learners to choose coverage for specific periods when they need it. This means you only pay for the insurance during the time you’re actively practising, without the need for a long-term commitment.
- Independent Coverage: By having temporary learner driver insurance, you have your own coverage separate from the policy of the vehicle owner. This means any claims you make will not impact the vehicle owner’s no-claims bonus or policy renewal.
- Customised Coverage: Temporary learner driver insurance can be tailored to your specific needs. Whether you require coverage for a few days, weeks, or months, you can select the duration that suits your learning journey.
- Peace of Mind: Having your own insurance coverage as a learner driver can provide peace of mind. You’ll feel more confident knowing you have adequate protection while practising on the road.
Temporary learner driver insurance is a cost-effective and flexible solution for those learning to drive. Cuvva’s research demonstrates the significant potential savings when comparing temporary learner driver insurance to being added as a named driver to an annual policy. By opting for temporary learner driver insurance, you can enjoy the benefits of independent coverage, customised policies, and peace of mind, all while keeping your budget intact. So, if you’re learning to drive, consider this bargain option that can help you save over £2,000 and make your learning journey more affordable and enjoyable.