It all boils down to risk. The bigger the risk an insurer thinks you are, the more expensive your prices tend to be. This is all based on decades’ worth of insurance statistics.
Unfortunately, the statistics agree that drivers under 25 are more likely to have an accident than any other age group, making them the riskiest drivers.
The same applies for drivers with less experience than their peers. This means, you guessed it, that your prices get hiked up as a result.
That’s not to say you’re a risky driver. You could be the most careful 20-year-old driver ever to grace the roads of Britain, or be a model motorist from the day you pass your test.
But, based on your inexperience, address, choice of car and a number of other factors, insurers will more often than not set the price of a younger, inexperienced driver higher than an older driver with a few years' experience under their belt.