Young driver car insurance… it’s just so unfair!
Let’s not beat around the bush, young driver car insurance is not going to be cheap. It may seem unfair when you’ve just passed your test and saved up to buy your first car, but car insurance prices are set according to risk, and statistics show that younger drivers are more likely to have an accident than older, more experienced drivers.
Car insurance for young drivers is considered a high risk not just because of the driver’s age, but because they are new to driving and have little on-the-road experience. Statistics show that young drivers in the UK have more accidents than older drivers, and that you are more likely to have an accident in the first two years of passing your test than at any other time.
Higher instances of theft, fire and vandalism also contribute to the high risk level associated with young driver car insurance.
To manage the cost of car insurance for young drivers, choose a car with a smaller engine and look for online discounts. But beware of the temptation to insure your car in your parents’ names and drive as a named driver; if you ever needed to make a claim your policy could be invalid.