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Car insurance for young drivers

Young and new drivers generally pay more for their insurance than older, more experienced drivers. But there are still ways you can save some cash. At the end of 2015, 17-year-old drivers were paying nearly £1,900 a year for their car insurance, compared with almost £1,400 a year among drivers who had hit 21. Young drivers usually get the expensive end of the stick when it comes to their car insurance prices. And although 17-year-olds are paying roughly 54% less than they were five years ago, it’s still a lot of cash to be parting with. It's a similar story for first-time drivers, too. For the first year or so behind the wheel, you could find your costs to be higher than other drivers your age. The good news, though, is that there are ways you can shave off a few extra quid and still be covered. Let’s take a look.

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Why is car insurance so expensive for young and new drivers?

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.

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