{"id":11121,"date":"2013-12-11T14:07:18","date_gmt":"2013-12-11T14:07:18","guid":{"rendered":"http:\/\/tat.reddaisytrading.co.uk\/index.php\/2013\/12\/11\/car-insurance-for-young-drivers-the-key-facts\/"},"modified":"2013-12-11T14:07:18","modified_gmt":"2013-12-11T14:07:18","slug":"car-insurance-for-young-drivers-the-key-facts","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2013\/12\/11\/car-insurance-for-young-drivers-the-key-facts\/","title":{"rendered":"Car insurance for young drivers – the key facts"},"content":{"rendered":"
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Learn how to keep car insurance costs down for young drivers<\/h3>\n
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Car insurance is a legal necessity, but with cover for young drivers often costing more than the car itself, how do you know which level of protection is best for you, and how can you keep the costs down? <\/p>\n

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Car insurance levels of cover <\/h2>\n

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There are three main levels of car insurance cover to choose from \u2013 you must have at least third party insurance by law, but you may wish to have greater protection: <\/p>\n

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Third party <\/h3>\n

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If you were to cause an accident, your insurance company would cover the cost of any damage to the property of others, and any injury caused to others. It would not cover the cost of injury to you or damage to your own car. <\/p>\n

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Third party fire and theft <\/h3>\n

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Provides the same level of cover as third party but would also cover your own car if it were stolen or damaged in a fire. <\/p>\n

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Fully comprehensive <\/h3>\n

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In addition to the cover in third party fire and theft, fully comprehensive cover would cover the cost of any damage to your own car and injury to yourself, even if the accident was caused by you. <\/p>\n

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Remember, any damage caused by another driver to you or your car will be covered by their insurance. In this case it doesn\u2019t matter which level of cover you have. The type of cover you get will depend upon your circumstances, your attitude towards risk and the value of the car you are driving. <\/p>\n

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Find out more about the differences in cover in our guide Car insurance \u2013 choose the right level of cover<\/a><\/p>\n

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Car insurance premiums – working out the cost <\/h2>\n

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The amount that you pay for your car insurance is called a premium. Insurance companies will take all sorts of information from you in order to work out what your monthly or yearly premium will be. This includes: <\/p>\n

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