As you learn to drive, it would be helpful to learn how car insurance works. The first thing you should know is that driving a vehicle without at least comprehensive third-party (CTP) insurance is illegal. If you do, you can face severe consequences if you get into an accident.
Another situation you need to consider is if you’re driving a car insured by your parents, but aren’t listed on the insurance policy. In this situation, you’ll probably have to pay a hefty unlisted driver excess on top of the standard excess, which is the amount of your claim you pay out of pocket. Consider finding out whether you can get cheap car insurance for learner drivers and, if not, what your alternatives are.
Does a learner driver need car insurance?
Like all other drivers in Australia, learner drivers will need to have at least a CTP policy for the car they drive. As a learner driver with your own car, you may want to take out other insurance to cover you for any possible accidents. You could have these policies under your name or have one of your parents as the policyholder, and you’re just an additional driver. If you don’t have a car, then your parents will need to check if you’re covered on their policy.
Can I insure my car with a learner’s permit?
As someone driving with a learner’s permit, you should only drive when supervised by an experienced driver carrying a full driver’s licence. When it comes to car insurance and learner drivers, there are multiple options available in the market. If you’re a learner driver, you can get your own car insurance policy, if you have your own car. However, you may not find that the policies you find are cheap learner car insurance. Accumulating driving experience can help lower the cost of car insurance, and learner drivers may also qualify for a no-claim discount once they’ve built up that experience.
However, it’s usually easier and cheaper to add a learner driver to an existing policy that has the parent as the primary policyholder. Some insurance policies may already cover unlisted drivers as well as drivers on learner’s permits, so check with your insurer. If this is the case, all you need to do is call up your insurer and ask them to add the learner driver’s name on the policy. You should also let your insurer know when you move up to your provisional licence. If you opt to just add the learner driver to an existing policy and they get into an accident. In this case, you may have to pay an additional, inexperienced driver excess.
How do I compare car insurance for learner drivers?
If you’re buying car insurance for learner drivers, you should be prepared to pay a higher premium. The cost of the premium is affected not just by the details of the driver but also by the car and the level of cover. If you’re looking to control the cost of car insurance for learner drivers, there may be some ways to do this.
One option could be to get the minimum insurance coverage required, which for a younger and less experienced driver may be a third-party property damage policy. This policy will only cover the driver’s liability for any costs incurred in repairing the damage to the car or property owned by other people they get into an accident with. This level of cover is undoubtedly cheaper than a comprehensive car insurance policy. You could even add coverage for any damage to your car by fire or theft for another small cost.
Another aspect to consider is the excess stipulated by the insurer. All car insurance policies include what is called an excess, which is the amount you’ll pay out-of-pocket if you get into an accident and make a claim. When it comes to car insurance that covers learner drivers, insurers may add on additional types of excess on top of the standard excess. These may include a young driver excess applicable for drivers under 25, a learner driver’s excess, and an inexperienced driver’s excess. There may also be a car excess depending on the age of the car. Each of these can add a few hundred dollars to what you have to pay out-of-pocket.
How can I get cheap car insurance for learner drivers who own their car?
If you’re a learner driver who owns their own car, you may be looking for ways to save money on car insurance. It may help if your vehicle is an inexpensive, popular model known for its safety. Ensuring that the car is always parked in a safe location, and is not prone to theft or vandalism can also help convince insurers to charge a lower premium. If you sign up for a defensive driving course may also help you qualify for a discount from insurers. The final thing that may help lower the premium is, agreeing to a higher excess.
Should I buy short term car insurance for learner drivers?
Due to the usually higher costs, there are few circumstances in which buying a short-term car insurance policy is useful. As a learner driver, it’s unlikely you’ll face most of these circumstances. An example of when you might consider buying short-term car insurance is before renting a car. However, you must be at least 21 years of age to rent a car in Australia, and while some learner drivers are over 21, most learner drivers are younger. Even a ‘pay as you drive’ policy is likely to be more expensive than adding the learner driver to a parent’s car insurance policy.