Why does car insurance for P-platers cost more?

If you're a P-plater under the age of 25, statistically speaking, you're more likely to be involved in an accident due to a lack of driving experience.

What's the best car insurance for young drivers?

There is no universal best car insurance for young drivers because what you need will depend on your personal circumstances. To help find what's best for young drivers, it's worth looking at a range of insurers to understand how they treat young drivers. For example, RoLLiN' car insurance does not add an excess for claims involving a young driver as long as they're listed on the policy. Other insurers will charge an additional excess of around $600. There's no 'best' car insurance for young drivers but there certainly are features of policies - like excesses for those under 25 - that can be appealing for p-platers, and those may be worth considering in your search.

What's the cheapest car insurance for p-platers?

According to Finder's research of 9 different providers, Bingle offers the cheapest comprehensive car insurance policy for p-platers. On average, Bingle charges $1,351 a year while other providers charge between $2000-$3000 for their comprehensive policies .

Do I have to get my own car insurance policy or can I stay on my parents' policy?

There's no requirement for P-plate drivers to invest in their own car insurance policy, so there's no problem with remaining insured on your parents' policy (as long as they don't mind). It will often work out cheaper to share cover with mum and dad on the one family policy than for you to go out and purchase a separate policy. You'll need to be listed as a driver on your parents' policy and this will obviously mean their premiums will increase. They might ask you to chip in to cover the cost but if you're lucky they'll foot the bill. However, keep in mind that this option is only viable if the vehicle is owned by the policyholder and they're the main driver – it can't be done if you're the car's legal owner.

Can I put insurance under my parents' names if they don't own the car?

You might be tempted to save money on P-plate car insurance by putting the policy in your mum or dad's name even though they don't own the car. However, this practice, known as "fronting", is not a good idea. If you try to put your policy in a parent's name when you're the main driver, you run the risk of any claim you make being rejected or your entire policy voided, which can have expensive consequences.

Does the type of car I drive affect my premium?

Yes. The more expensive your car, the more it will cost to insure. Other vehicle-related factors that influence the cost of cover include: Some vehicles stand up to collision damage more than others and are cheaper to repair How easy it is to find the necessary parts to repair some vehicles Security and alarm systems installed on your vehicle can deter thieves and lower the cost of premiums Some makes and models are more popular with thieves and cost more to insure Some makes and models are statistically more likely to be involved in an accident Older cars are generally cheaper to insure because they have lost a lot of their value and cost less to replace

Can I get discounts on my car insurance?

Yes, there are often car insurance deals and discounts available which can be really helpful for p-platers who are looking to reduce the cost of their premium.