What Is the Average Cost of Young Driver Insurance?

Statistics About Young Driver Insurance Costs

As a young driver, you may be worried about the cost of your car insurance. After all, it’s one of the biggest expenses you’ll face in the first few years of driving. The good news is that there are ways to save money when it comes to young driver insurance. But first, let’s take a look at some of the statistics about the average cost of young driver insurance.

According to the most recent figures from the Association of British Insurers, the average cost of young driver insurance in the UK is £1,475 per year. That’s a lot of money for someone just starting out! And it doesn’t even include any additional costs such as breakdown cover or windscreen repairs.

Factors That Affect Young Driver Insurance Costs

There are several factors that can affect the cost of your young driver insurance. These include the type of car you drive, the amount of time you spend on the road, and your driving history. Other factors include where you live and the time of day you drive. All of these things can have a big impact on your insurance premiums.

Your age can also have an effect on the cost of your insurance. Generally speaking, the younger you are when you start driving, the higher your premiums will be. This is because young drivers are seen as more of a risk to insurers. That said, there are ways to reduce your premiums if you’re a young driver.

Tips to Save Money on Young Driver Insurance

If you’re a young driver looking for ways to save money on car insurance, here are some tips that could help:

Shop around for the best deals.
Consider raising your voluntary excess.
Take a defensive driving course.
Be a named driver on someone else’s policy.
Install a black box in your vehicle.
Avoid modified or high-powered cars.
Pay for your insurance annually rather than monthly.

Conclusion

The average cost of young driver insurance can be quite high, but there are ways to save money. By shopping around for the best deals, raising your voluntary excess, taking a defensive driving course, or using a black box, you can reduce the cost of your premiums. So don’t be discouraged by the high cost of young driver insurance – start looking for ways to save today.