Young Drivers Car Insurance
Car Insurance Guide by Free Price Compare
Young Drivers Car Insurance
Why does Car Insurance for young drivers seem so extortionate and what can they do to afford it?
Car insurance for young drivers has always been expensive and now with the EU restriction on using gender, into the insurers risk calculations, young women drivers are also seeing a big jump in their insurance premiums.
So why is it more expensive?
Statistically speaking, motorists under the age of 25 are more likely to be involved in an accident then motorists over the age of 25. For the insurers to compensate themselves on the enhanced risks, they have increased the cost of insurance. To add, young motorists haven’t built up a driving history making it difficult for insurers to decipher the safe drivers from the not-so-safe drivers. Overtime, they should be able to get no claims discount, meaning the insurer is able to accurately work out the risk of claim.
How do I get cheap car insurance?
Many factors, such as the value of the car and security, affect the cost of your insurance. You can find out some of the cheapest cars to insure in our guide “The cheapest car models”. Moreover, you should work out the level of voluntary excess you can afford and the type of insurance you require. You can find a more comprehensive guide by reading our article on “How young drivers can get cheap car insurance deals”.
I am a new driver but not a young driver
Just like young drivers, new drivers have a lack of history to help them negotiate a better deal. Without a driving history, insurers find it difficult to calculate the level of risk. Hence, new drivers effectively face the same problem as young drivers and thus they should follow the same guidelines to reduce their cost of insurance as much as possible.
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