Delay car insurance claims, first-time car owners warned

Mon, 10 Oct 2005

A car insurance provider has warned new drivers that they should put off making an insurance claim for as long as possible in order to keep car insurance premiums down.

MORE TH>N also found that many people put off taking driving lessons and buying a car until they are at least 21 years old.

The car insurance provider suggested that the introduction of driving theory tests and more people attending university might have impacted on this delay.

And when they do decide to buy their first car, eight per cent of Brits would not settle for anything less than a brand new car, the car insurance provider found.

"Cars are not only more affordable these days, but first time car buyers seem to be more image conscious and want the latest makes and models compared to a decade or so ago, when first time cars were often 'old bangers'," commented the head of car insurance at MORE TH>N, David Pitt.

But Mr Pitt also warned these drivers to also delay claiming from their car insurance policies in order to keep car insurance premiums down.

"Our suggestion to any new driver is to build up as many years without making a claim as possible as this can help to reduce premium costs," Mr Pitt said.

He added that experience helps to achieve discounts of up to 65 per cent on a car insurance policy in just four years of driving. Mr Pitt explained that a £1,000 car insurance premium could be reduced to £350 if no claims are made.

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