Motor Insurance for Young Drivers

Becoming a new driver is a significant life landmark. It delivers the freedom to travel independently  and  helps  people  discover  new  opportunities.  According  to  official statistics, there are around  5,000  newly-licensed drivers aged between 18-24 in Malta which demonstrates how popular driving is for younger people.

Added to this, Malta recorded  62 newly licensed motor vehicles per day during the first quarter of 2024 with passenger cars making up around 74% of these vehicles. It’s likely that a good number of these cars will be for younger drivers, keen to get out on the open road and practise their driving skills.

An important topic to consider is motor insurance for young drivers. This is because motor insurance companies factor in age and driving experience when computing motor insurance policies.

Here we dive into the topic of   motor  insurance for young drivers and analyse  what options are available if you just passed your test.

Contents

●   What is motor insurance for young drivers?

●   Motor insurance options for young drivers.

●   Supportive young driver motor insurance with GasanMamo.

What is motor insurance for young drivers?

When most young people pass their driving test, one of the first tasks to complete is finding a suitable car. Once this has been done, then securing a motor insurance policy that covers the driver and vehicle is an important next step.

 What  is  motor  insurance? Motor insurance is an insurance policy that will give you financial protection if you have an accident with your car or if there is damage to your vehicle.

The age of the person driving is a major factor in motor insurance, since statistics show that young drivers are more likely to be involved in an accident.  This is why motor insurance for drivers aged under 25 years is more expensive than it is for older drivers.

The reason that insurers may decide younger drivers cost more to insure may be linked to the fact that the risk of accidents and damage is seen to be more significant in the years after people pass their test.

However, drivers below the age of 25 have opportunities to gain competitive motor insurance policies if they align better with some of the criteria set out by the motor insurance provider.

Motor insurance options for young drivers

If  you’re wondering exactly   how  does  motor  insurance  work, then it’s likely  that researching all of the facts around policies for newly passed drivers is helpful. There are plenty of factors that could make the difference if you’re looking into motor insurance for your first car.

1. Car choice

Before you decide on your first car, make sure it belongs to a lower insurance group. Cars are graded with an insurance group number between 1-50. 1 is the cheapest for insurance purposes and 50 is the most expensive. These tend to be cars that do no have a powerful engine or a high value.

Find out where your intended car sits on the scale. If you choose a car that is lower on the scale, this could reduce your insurance premium.

2. Check mileage

Some insurance providers may ask you how many kilometers your vehicle is driven in a year as they may reward lower mileage and less frequent use of your car with a more competitive motor insurance policy.

3. Drive safely

Keeping a close eye on your driving helps to reduce the chance of any accidents. This protects your no claims discount, which supports a lower rate of motor insurance over the longer term.

Some insurance providers want young drivers to install a “black box” or telematics device that monitors speed in their vehicle. Lower speeds and keeping in line with speed limits can keep the costs of motor insurance down.

4. Pick a suitable policy

Shopping around is generally seen to be a sensible idea when you start driving and look for your first motor insurance policy. There are examples of insurance providers creating specific policies for young or new drivers that cater for your individual needs.

One  such  policy  is  GasanMamo’s   Boosh   motor   insurance   policy ,  ideal  for  drivers between the ages of 18-24. Not only is there an instant 65% discount on car insurance but also drivers can earn their no claims discount from the first day of driving.

Boosh policyholders have access to a specially designed smartphone app that provides real-time   information   on  driving  performance.  The  app  also  includes  important reminders as well as visual charts to support driving score improvements.

Supportive young driver motor insurance with GasanMamo

Finding an experienced and professional motor insurance provider to support you in your first few years of driving is a major plus for your confidence and safety. Making sure you’re properly protected in case of any accidents, injury or vehicle damage is also a key priority.

With GasanMamo, you get all of this specialist support and so much more. We have been supplying comprehensive motor insurance policies and looking after drivers with their cars for many years.

If you just passed your test or want to move on from your current insurance provider, have a chat with our friendly team of experts. We’re always happy to help.

GasanMamo Insurance is authorised under the Insurance Business Act and regulated by the MFSA.