A driver aged 18 to 20 years causes about two and a half times more accidents than drivers aged 30 or more: so if you are young, the statistics are against you, this is why you are asked to pay more expensive…
Who is considered a “young driver” or inexperienced driver?
- Novice drivers hold their license for less than 3 years.
- Those who have their license for more than 3 years but who have not been insured during the 3 years preceding the start of the new cheap no deposit car insurance contract.
Surcharge: Up to 100% of the contribution base
Insurers apply a surcharge to ensure young drivers.
The surcharge applies:
- For young drivers who provide their own vehicle.
- For parents who add their child to young driver insurance on their vehicles.
The premium can go up to 100% of the contribution base (excluding bonus):
- Up to 100% the first year
- Reduced by 50% the second year without fault accident.
- Usually disappears in the 3rd year without fault accident.
Most insurers willing to insure young drivers, but some may refuse or impose a maximum real power of the car.
Good to know: a young driver or younger than 25 years who occasionally borrowed his parents car and causing an accident must pay the deductible, unless the parents cancel the clause by paying a higher premium.
Cheaper for girls and children who have accompanied driving
Girls have better rates than boys because they cause statistically fewer accidents. This advantage may go to the complete abolition of the surcharge. Play the competition!
Young drivers have been accompanied driving (possible from the age of 16) can also benefit from a discount on the amount of contributions, because the law provides a ceiling on the premium. Insurers are found there, as their driving experience is more important.
The rate increase depends on the clause “review of contributions”
Indeed, the insurer cannot increase your premiums if your contract does not contain the clause “review of contributions.” This is a clause to know before signing a contract, if it is not included in the contract you sign, so make sure you never see the cost of your cheap no deposit car insurance increase.
There are then two cases to increase your insurance premiums:
If your insurance policy does not contain this clause and your insurer decides to revalue upward your contributions, then you have the right to refuse to pay and demand continue to pay your dues to the old rate (before the increase). However, note that at the end of your next contract and following your refusal to pay more, the insurer may cancel your insurance policy.
If your contract includes the clause “review of contributions”, and your insurer decides to increase its rates, you can also refuse.
What are the conditions to terminate the cheap no deposit car insurance contract after an increase?
To terminate the contract on behalf of the rate increase, even if the clause is present, it is necessary that this increase is not due to an increased risk.
Specifically, if the price of your auto insurance is up because you have changed the car and took a drive whose risks are higher, the termination will not occur.
Time of termination
When the clause authorizing the termination of the contract after an upward, you have 15 days to notify your insurer of your will, at the date on which the rate increase was communicated to you. Simply send your insurer a letter with acknowledgment of receipt.
Your insurer is then required to proceed with the termination of one or two months after the receipt of the letter. This allows you to find another insurer.
Note that the contribution that course during this time is in principle not increased costs.