A guest post for GoGet from finder.com.au.

Getting your P plates is a rite of passage. It helps you get around easier, not be tied to the house, and you’ll have more time for friends. But as a P-plater you’re more inexperienced, and studies show you’re more likely to be involved in an accident, so you need to take some precautions.

If you’re planning on driving a car, whether it’s GoGet or a car you own, you’re probably wondering about insurance. So what do you need to know?

More guest posts from Finder:

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Do P-platers need car insurance?

Yes, P-platers need car insurance. Or more specifically, the car the P-plater driving needs to be insured. If you want to be covered for any damage, the insurance needs to include cover for under-25 year olds. This will typically increase the price, for a few reasons:

  • Young drivers have less experience than fully licensed drivers
  • Younger P-platers are more prone to recklessness
  • P-platers are statistically more likely to drive under the influence
  • Mobile phone use behind the wheel is more common for young drivers
  • Young P-platers are more susceptible to peer pressure

Three young people sharing the back seat of a car carpooling their way to work - this is carpooling rather than car sharing - what is carpool

How to take out a policy

Don’t worry, taking out a car insurance policy for P-platers is no different than for a fully licensed driver. If you, as a young P-plater, are trying be listed as a driver on an existing policy (like your parent’s), have the policy holder call the insurer and they’ll sort it out. They’ll probably ask a few questions about your age and driving history.

If you’re hiring a GoGet and wondering whether you need a specific damage cover policy, don’t worry. Insurance is covered by GoGet and included in the price of renting the car. If you’re over 21, you can reduce your GoGet damage cover for an extra $1.75 per hour or $18 per day.

Read More: GoGet for Young Drivers

A young P plater driving in a car at night, we assume he has insurance for p platers

So how can you save money on car insurance?

Just like you can reduce your GoGet damage cover, a direct insurer will let you increase your excess to decrease your premium. The excess is an up-front payment you pay when you make a claim. The higher your excess is, the lower your premiums will be. The only problem is that if you have four crashes and an excess of $1,000, you’ll end up having to pay an extra $4,000 on top of your premium. It’s all about finding a balance.

You should also look into multi-policy discounts. Some brands offer these for people who already hold another type of insurance through them. For example, if you have home insurance already through an insurer, they may let you take out car insurance for a discounted price.

Keep calm and do your research

Although insurance for P-platers may seem like a headache, it’s actually not as confusing as it seems. And if you’re not sure how you can get the best bang for your buck when insuring yourself, do some more research – it’ll pay off.