Young Driver Car Insurance

It is an unfortunate fact that the cost of young driver car insurance remains substantially higher than it does for drivers that don’t fall into the 18 to 25 year old category.

Because insurance companies regulate the cost of an insurance premium on a basis of risk, young driver car insurance is often inflated beyond an affordable level.

There are also some fairly frightening statistics that can push up the cost of insurance policies for young drivers. In the United Kingdom, one in every five new drivers will have a motoring related accident within six months of passing their driving tests.

Statistics also show that an 18 year old driver is ten times more likely to be involved in an accident than a driver over the age of 30.

Young driver car insurance becomes progressively more expensive for young male drivers than it does for young female drivers. This is based on the statistical evidence that a male will spend more time behind the wheel of a car and will be more likely to take driving related risks.

Research indicates that drivers between the ages of 17 and 20 are seven times more at risk than other male driver. Between the hours of 2am to 5am, this age range becomes seventeen times more likely to be involved in accident.

All of these statistics push up the price of young driver car insurance significantly.

Other factors that can be the cause of expensive premiums come from the likelihood of young drivers being over-confident. Young people often have a misjudged feeling of invincibility that can lead to unnecessary risk taking. Inexperience can also lead to young drivers assessing risks incorrectly and lifestyle habits may also see them being overloaded mentally.

Unfortunately, even the safest of young drivers will be penalised because of the risk factors involved when an insurance company decides on the price of a premium.

On the bright side, there are a few things that young drivers can do to bring down the costs of their premiums. Choosing a smaller engine capacity saves on both insurance costs and road tax, while limiting mileage and improving vehicle security also helps.

Perhaps one of the best pieces of advice that can be offered when trying to lower the price of young driver car insurance is to recommend an advanced driving course after passing the standard driving test.

Not only will this help lower the price of an insurance policy but the young driver also enjoys the added benefit of enhancing his own safety.