If you are a young driver then you are going to have to pay higher car insurance premiums. You may not have your own car but instead rely on borrowing your parents car and therefore need daily insurance for young drivers.
Insurers base their premiums on the level of risk that any particular driver poses to them as a customer. By risk the insurance companies mean how likely it will be that they will have to pay out based on a claim. The information insurers use is derived from years of collecting claims data. If you happen to be a young driver under 25 then your premiums will be higher as you are statistically more likely to need to make a claim on your policy. This is true for all types of car insurance including daily insurance.
Insurers who provide day insurance policies have to be more cautious when providing policies to young people. The reason is that with an annual policy the insurer gets a larger sum to put towards potential claims. With a daily policy the premiums that they take in are much lower but they are still going to have to pay out the same amount if a claim is made.
This has meant that most insurers who provide daily car insurance make several restrictions on who can get insured and what you can insure. You will generally not be able to get a policy if you are under 21, most if not all insurers now only provide policies to those who are 21 years or older.
Depending on the insurer there may also be restrictions on the type of car that you can get insured. Higher group cars are often not covered or are restricted to drivers over a certain age. If you find that your are unable to get a day policy an alternative is to get a no deposit monthly pay as you go car insurance that can cover you a month at a time from a minimum of 1 months cover.
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