It’s every young person’s dream and every parent’s nightmare – when our sons and daughters get the keys to their very first set of wheels and can officially drive themselves to where they need to go. Besides the nostalgia surrounding your child’s impending independence, there are important issues of safety and insurance costs that go hand in hand with being a young and inexperienced driver.
There are, however, ways to better manage the inherent risks that come with driver inexperience and the resulting higher premium costs according to Aon South Africa, a leading insurance brokerage and risk advisors. Mandy Barrett of Aon South Africa offers some important pointers on the do’s and don’ts of motor insurance for young drivers:
The advice of a qualified insurance broker will stand you in good stead and enable you to compare apples with apples, in addition to pointing out requirements or exclusions that may be to your disadvantage. Finally, when it comes to insurance for an inexperienced driver, consider additional personal liability top up cover, given the risk of major claims in the event of an accident or incident where the young driver is proven to be negligent,” concludes Mandy.
Managing Insurance Costs for Young Drivers
posted 26 Jun 2017, 10:04 by Melvin Hoods