Are you a young driver between the ages of 17 and 24 and wondered why your insurance quotes are sky high? Young driver Insurance continues to rise, but what’s the reason behind this?
In 2018 Government statistics showed that 17% of all road traffic casualties was caused by people between the ages of 17-24. As a result, based on these statistics and previous others. Young drivers are seen as a higher risk on the road and as such their insurance premiums are very expensive.
Another factor that will drive the price of your premiums up is their lack of driving experience. As a young driver, you’re unlikely to have years of no claims bonus which would prove you’re a safe driver. Therefore, insurers will raise your premium because you’re a risk.
How much is car insurance for young drivers in the UK?
Your quote can also depend on your address, car and the type of cover you choose. Don’t assume that third party cover is going to be the cheapest for you. Instead, carefully consider your lifestyle and the level of security you’d need to feel at ease on the road.