Have you recently passed your driving licence? Congratulations! That means you're now looking for car insurance. But with no driving experience, the premium can be a bit steep. Read on for our tips on how to get the best protection at an affordable price.

Why are insurance premiums more expensive for young drivers?

Lack of experience and excessive speed are two reasons why young drivers have more accidents. That's why, when you insure a vehicle for the first time, scale 11 of the no-claims bonus scale is applied. In other words, you pay 100% of the premium, as you are not yet eligible for any discount to reward your 'good behaviour'.

How long are you considered a young driver?

For three years after taking out your first car insurance policy. Whatever your age!

Am I entitled to a discount if I've been driving under the supervision of a parent?

Unfortunately, no. All young drivers start at scale 11 and pay 100% of the premium.

But if you were the second driver of your parents' car before buying your own, your insurer should be able to make a commercial gesture ;).

Can I insure my vehicle in my parents' name to bring down the cost of the premium?

Technically speaking, yes. However, remember that in the event of an accident, the insurance company can easily determine who is at fault. What's more, in the event of damage, your parents' no- claims bonus will be reduced.

And, at the end of the day, this only postpones the problem, because when you take out insurance in your own name for the first time, you will once again be considered a young driver.

How can I reduce the cost of my young driver insurance?

Take care when choosing your car and the risks that need to be covered! The type of vehicle you drive has a significant impact on the amount of your premium. Just like the risks you want to cover. There are 3 main aspects to consider:

• The make and power of the car:

Mid-range cars with small engines and low power cost less to insure than higher-end brands with more powerful engines.

• The age of the car:

One of the main factors influencing the cost of young driver insurance is the value of the vehicle. Buying a used car is a good way of bringing down your insurance premium, which is calculated according to the value of the vehicle.

• Insurance cover

One way of reducing the cost of young driver insurance in Luxembourg is to take out a partial Casco policy. This is basic insurance cover that offers protection against fire, theft and damage caused by an accident for which you are not responsible, as well as third-party liability cover. Damage caused by the forces of nature, animals, broken glass and protection of personal belongings are also covered. However, any ****other**** material damage caused by an at-fault accident is at your expense.

What risks should be covered at all costs?

1. Third party liability: this is the only compulsory cover you need to get behind the wheel.
2. Fire, theft and damage resulting from an accident for which you are not responsible (included in partial Casco)
3. Material damage (Casco): if you want your insurance to cover damage to your vehicle even in the event of an at-fault accident.

Not in a fit state to drive?

Whichever car insurance package you choose, with AXA you are eligible for 3 Joker taxi rides a year. All you have to do is call (24/7) and a taxi will pick you up and take you home (within a 70 km radius). Feel better already?

Drive carefully!