Taking lessons? Calculate the cost
It's important to work out roughly how much you’re going to spend before you start taking driving lessons. It’s hard to work out the exact cost, but the average learner requires 47 hours of professional tuition plus 22 hours of private practice. With the average cost of an hour-long lesson at around £25, you’re probably looking at the thick end of £1200 for professional lessons. It's easy to see how costs can quickly mount, but keep your end goal in mind. Think about the financial benefits of being a driver, such as more job opportunities and fewer bus, train and taxi fares!
Boosting your budget
It can be a struggle for many young drivers to pay for driving lessons on their own, but asking for birthday or Christmas gifts of money to pay for lessons as can go a long way. That way you get to save a bit more money for your very first car! You can also boost your budget by finding a part-time job. If you're in full-time education, getting a weekend job is a great way to add a little extra to the pot. Just make sure you leave yourself enough spare time to get some practice in on the road.
Tackling insurance premiums
As a young driver, you're bound to face a steep premium when it comes to car insurance quotes because insurers see young drivers as particularly high risk. But there are ways to reduce your costs. First, make sure you shop around by using a car insurance comparison tool. This will help you get the very best quote for your age, location and other lifestyle factors, without having to visit a dozen websites to find it. It's also worth taking into account the age and engine size of a car before you buy it. Always get an idea of how much your insurance will cost before splashing out on a car, because the newer and more powerful your car is, the more, generally, you will have to pay for your insurance.
Telematics insurance plans are specifically tailored to cut the costs for young drivers. A telematics ‘black box’ installed in your car records how safe your driving style is and whether or not you exhibit risky behaviour. To many, this sounds intrusive, but it allows you to pay a premium based on your actual driving habits than on an age group statistic. There are many different telematics plans available, each different in their approach to rewarding good driving and, in some cases, penalising bad driving. You can find out whether a telematics insurance plan is right for you by reading this guide:black box insurance.
Be a fuel saver
Once you've found your first car, you need to have some money left over to fill it up! If you're thrifty with your cash, though, you'll be able to save money on fuel too. Keep all petrol coupons, as 1p off a litre may not sound like much, but it goes a long way once you add it all up. You can also look for a money-saving tool such as an online petrol station finder. This will help you find the cheapest petrol station in your area, meaning you don't have to burn up fuel trying to find it yourself. Just make sure you don't have to travel so far out for the cheapest deal that you actually end up counter-acting your savings.
This post was written by Isabelle Guarella. Isabelle writes for miDrive.com; the company that helps learner drivers to find a driving instructor in their area.