Average Auto Insurance Rates for 17 Year Olds

An excess payment is the fixed contribution you must pay every time your car is repaired by means of your car insurance policy.
Ordinarily the payment is made directly to the accident repair garage once you collect the vehicle. If your auto is announced to
be a write off, your insurance carrier will deduct the excess agreed on the policy from the compensation payment it makes to you.

If the injury was the other drivers fault, and this is accepted by the third party's insurer, you will be able to reclaim your
extra payment from the other person's insurance company. However, what if the other driver is uninsured?

All motorists know that it is a legal requirement (under Section 143 of the 1988 Road Traffic Act) to have insurance for any harm
they cause to third parties. But still many drive with no insurance. An estimate of the prevalence of uninsured driving in the UK
is difficult to find and, for the obvious reasons, those drivers involved with breaking the law have every motive to keep quiet
about it.

Calculations from the Department of Transport imply that in the united kingdom around 5 percent of vehicles are being driven
without valid insurance. This group of individuals not only impose restrictions on honest drivers in the form of higher premiums,
but their existence on our streets also represents a serious risk to other road users. Thus, uninsured driving is increasingly
being considered as a significant social problem.

But driving without insurance isn't a victimless offense. In case you have an accident with an uninsured motorist and the accident
was not your fault, the repair costs will be covered by the Motor Insurers' Bureau that is financed in its entirety by the
business, or from your own insurer. Therefore, if you are involved in an accident caused by an uninsured driver you'll finally get
you automobile repaired but you'll still have to pay the surplus and there will be no one to recover your surplus from.

What's a Compulsory Excess?

A compulsory excess is the minimal excess payment your insurer will take on your insurance policy. Minimum excesses do vary
according to your own personal details and driving record and also by insurance business. Nowadays the average surplus is around
#100, but younger motorists might be faced with excesses of around #500 - whilst more older, experienced drivers with a fantastic
driving record, might be offered too much just #50.

So What's a Voluntary Excess?
To be able to reduce your insurance premium, you might offer to pay a higher excess than the compulsory surplus demanded by your
insurance carrier. Your voluntary surplus is the excess amount over and above the mandatory excess that you agree to pay in case
of a claim on the policy. As a larger surplus reduces the financial risk carried by your own insurer, your insurance company I
able to offer you a considerably reduced premium.

The garage has repaired my own car but it won't release the car too me until I pay the policy excess to them. Is this correct?

Yes, this can be regular practice. But be sure to inspect the car when you accumulate it. Inform yourself that the fix is perfect.
Then make sure you maintain their receipt for your excess payment as you may need this if you're reclaiming against a third
party's insurance. And just if there is a dispute, it is a great idea to ensure that the repair garage gives you a repair
schedule. This will list all of the repairs that were made to you car.
Many factors influence the premium for your Motor insurance policy. Your insurer will have asked you many questions whilst
producing your quote - some of that will affect your premium and some will not. Here we discuss the key factors that are within
the policyholder's control.

Consolidating policies

By insuring a number of vehicles with the exact same insurer, or by trying to carry out home and life insurance through your car
insurer, you may be able to secure a'bulk buy' discount.

Location

A big influence on the price of your car insurance is where you live. The chance of your car being broken into or stolen is a key
concern for the insurance company. More urban areas traditionally facing greater danger of theft and so tend to be more expensive
than countryside places.

Excess

By agreeing to pay a greater excess on each claim you can lower your auto insurance premiums. This is only because you're reducing
the liability of the insurer and therefore in return they're able to give you a lower premium.

Your Car or Truck

The cheaper and lower your automobile the lower your premiums are likely to be. If you are wanting to purchase a new vehicle make
sure you fully consider the cost of insurance -- you may be able to buy the car but can you afford to run it?

Mileage

It is possible to control your insurance premiums by restricting your yearly mileage. However, be aware that if you exceed the
restricted number of miles you'll then become uninsured!

Parking

Where you park your vehicle overnight is also very important to the insurance companies. If it is kept in a locked garage, you
need to be offered a lower premium than if you leave it unattended in the road.

Security

Safety devices that prevent or hinder theft may also reduce your premium. Frequent examples include alarms and immobilisers,
nevertheless, take note that as we improve the standard of our safety apparatus the thieves just become better at bypassing them.

No Claims Discount

Save up your no claims discount by avoiding making modest claims upon your coverage. After a set number of years, 5 or 4
typically, you will often be given the choice to pay an additional small premium to protect your no claims bonus. This can prove
to be very helpful should you then end up having an crash.

Advanced driving skills

By taking an advanced driving course you may also have the ability to reduce your premiums. The Institute for Advanced Motorists
and the Royal Society for Prevention of Accidents each offer membership which provides you with discounts for both the cost of
driving courses and your car insurance premiums. Two important variables NOT within the policyholder's control.

Your Sex.

Girls are statistically less likely to have an accident and, even if they do, it's not as likely to be acute. Because of these
statistics girls benefit from reduced premiums. It is also worth noting that if you represent just one half of a couple you should
consider using the female as the most important driver with the man as the next driver.

Your Age

The older you're, the less likely you are to submit a claim. Because of this insurance companies charge lower premiums for more
mature drivers.

One final bit of advice.

A large proportion of auto insurance is now sold online. That's as it's convenient and cheap. Many insurers now give a further
10%-15% discount if you buy online.

Average Auto Insurance Rates for 17 Year Olds

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