Young drivers present a higher risk to insurers, which is reflected in their premiums. Therefore as a young driver, it can be difficult to find good quality cover at a low cost.

QuoteMart has some tips for young drivers to help keep premiums manageable:

• Buy an older low performance car, whilst you build up your no claims discount.
  
• Fit an insurance approved immobiliser to reduce the risk of theft.
  
• Avoid modifying the car, such as adding alloy wheels, as this will increase the premium.
  
• If the car has a low resell value, restrict cover to third party only or third party fire and theft.
  
• If you are taking out comprehensive cover, try opting for a higher voluntary excess, as this can sometimes lower the premium.
  
• Take the Pass Plus test. Not only will this help you feel more confident about driving, some insurers will discount premiums if the driver has passed this test.
  
• A common misnomer is that young people can be sheltered from high premiums by having an older, more experienced motorist as the named driver of their vehicle. This is no longer the case as insurers now set the price according to the youngest driver. Insure the car in your name and do not be tempted to hide as a named driver on a policy in your parent’s name. This is known as fronting and if you are found out, it can void your insurance. In the long run, you will benefit as you can build up your own no claims bonus quicker.
  
• Don’t ever be tempted to lie to the insurance company to get a cheaper premium. If you are found out, not only will your claim be repudiated and your policy voided. It is also viewed as a serious offence by the police and you could be prosecuted. This would result in a criminal record and points on your licence and you can be sure that this will increase your premiums.