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Car Insurance For Young Drivers – Unsurprisingly, young, teenage drivers pay more for car insurance A young driver’s lack of experience and limited driving history is dangerous for car insurance companies to insure, so they charge more to insure new drivers. But how much will a new driver pay? We’ve crunched the numbers to determine UK car insurance prices for an 18-year-old driver in England by major city, so you know what you can expect to pay depending on where you live. The price will be the same for 17 and 19 year olds
If price is your priority, you’ll probably choose one of the cheapest plans available to you The team collected insurance quotes from more than 400 young drivers in 10 cities in England and calculated that the average premium for the cheapest comprehensive cover for an 18-year-old driver was £1,752 a year. But rates vary by area, with young drivers in Liverpool, Birmingham, Bradford and Manchester costing more than £2,000 a year. Sheffield and Bristol young drivers paid the lowest in our study, at just over $1100 a year. This means young drivers in some areas pay almost 2X as much as young drivers in other areas.
Car Insurance For Young Drivers
Between the high cost of insurance and the average driver spending more than £1,000 on a driving course (at a cost of £34 per hour of driving lessons), becoming a young driver isn’t cheap.
Why Does Young Drivers Insurance Cost More?
To determine what a young driver would typically pay for comprehensive car insurance, we used a 2016 Ford Fiesta, the UK’s most popular car, with a full UK license for an 18-year-old male driver as a sample. (For more information on how insurance costs vary by car make and model, please see our article, How much does it cost to insure the UK’s most popular vehicles?) In total, we’ve collected over 400 quotes for resident drivers. London, Birmingham, Leeds, Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, who drive less than 5,000 miles a year. Quotes include cover for a courtesy car, breakdown, personal accident and legal cover. Quotes were collected from plans from the following auto insurance companies:
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Note on savings figures: * 51% of consumers could save £490.26 on their car insurance. Savings were calculated by finding the cheapest price using the average of the next four cheapest prices quoted by insurance providers on the Seopa Ltd insurance comparison website. This is based on representative cost savings from June 2023 data The savings you achieve will depend on your personal circumstances and how you choose your current insurance provider Pet insurance estimates are based on £2.82 for a dog, Mitzi, aged 1, or Maggie, aged 6, with no known medical conditions, current vaccinations and microchipping. The savings figure for home insurance of £151.03 is based on 51% of customers purchasing home building and contents insurance through this service from Seopa Limited in June 2023. The price you get depends on your individual circumstances . You can use the settings below to accept all cookies (which we recommend to give you the best experience) or to enable certain categories of cookies as described below. Find out more by reading our cookie policy
Young Drivers Insurance: Comparison Site For Cheap Insurance
Get a quote in minutes and see what you can save with cheap young driver insurance deals
What is young driver insurance? Young driver insurance is a type of policy intended to help young people under the age of 25 with the cost of coverage. This type of car insurance for young people can help these drivers who usually pay the highest amount for insurance. It works in a similar way to car insurance for older drivers but often comes with cost-splitting features. Including telematics technology to help drivers lower their costs if they can show their insurers that they are consistently driving well and keeping up their mileage.
What are the different types of youth car insurance? There are three types of car insurance to choose from: Third Party Fire and Theft Comprehensive You can find out more about these levels in our guide to car insurance types. The cost of your policy depends on many things, including the level of coverage you have Since the cost is usually the highest for young drivers, there are many ways to reduce costs These include: Temporary car insurance for young drivers, which allows you to choose the days, weeks or months you need and can be cheaper than an annual policy. Black box insurance for young drivers that allows your insurer to see how you drive and reward you with cheaper premiums under certain circumstances.
Buying the right car insurance is essential Young driver insurance may be the best option for you if:
The Fantastic 5 Ways To Lower Car Insurance Rates For Young Drivers
Car insurance can be expensive for young drivers, as experienced drivers are considered to have a higher risk profile It can be tempting to opt for less comprehensive coverage to keep costs down, but getting fully comprehensive insurance is usually safer and sometimes cheaper. And remember, every year you drive without an incident or claim, your premium should decrease. ” Leonie Moniska, insurance expert
It’s quick, easy and simple to get a range of young driver insurance quotes Because the insurance market is so competitive, the best way to keep your costs down is to compare prices This is because prices can vary significantly between policies and insurers
To get a quote, you’ll need to enter some personal details, such as your job and address, and some information about your car. You will then receive a list of quotes that will allow you to determine the total cost and what is included in each policy before making a final decision.
The cost of young driver insurance can depend on many factors The biggest impact will be how long it takes for the driver to pass their test and get their full UK driving licence.
Affordable Car Insurance For Young Drivers
Young drivers aged 17-19 years are most affected by higher insurance costs, potential inexperience and higher risk of driving. From age 18, the average price starts to decrease year by year, as shown to the left in the graph.
Cheap car insurance for young drivers may seem impossible but there are ways to reduce your costs There are many simple tips and tricks to make car insurance cheaper even though young drivers pay the most.
The type of car you drive is also important, choosing a smaller, cheaper car can cost a lot less to insure than an expensive top-of-the-range model.
They are also rated based on the cost of the car new, its safety features, how long it takes to break down in a standard accident, and the cost of individual parts.
Car Insurance Leaps By Average £50 In Just Three Months With Young Drivers Bearing The Brunt
Average cost of young driver insurance based on year of license updated 31 May 2023 Average cost of car insurance per year since driving license £1,297.45 One year £1,007.25 Two years £867.15 Three years £781.98 Four years £739.21 Five years £692.24 Data Confused.com By 05/31/23
With black box auto insurance, you have a telematics box installed in your car (or an app installed on your phone) that can monitor how and when you drive using GPS technology.
The device measures factors such as speed, mileage and braking It tells the insurer how safe the driver is
Younger drivers are more likely to be involved in accidents than drivers over the age of 25, and the consequences are more costly Young drivers often travel in cars with other young people
Auto Insurance For Young Drivers
If the passenger or someone else is injured or killed due to the accident, the insurer has to pay their policy
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