Cheap Motor Insurance for Young Drivers is Not a Pipe Dream
Motor insurance for young drivers is very expensive in the UK, because young people are prone to drive more recklessly than any other age group.
This is because:
1) For every five fatal accidents on the UK roads, two are accounted to young drivers being the cause.
2) 42 percent of the overall accidents on the UK roads are caused by young drivers.
3) Young drivers between the age of 17 to 18 are actually twice as likely to be found claiming from insurance in comparison to those 50 years and older.
4) Young drivers are almost always driving with a passenger, meaning an accident costs insurance companies more in medical costs.
5) Young persons don’t know their car too well and how to control it correctly, often causing accidents or not knowing how to avoid an accident correctly.
6) Often an accident involving a young driver has no other cars involved – meaning it was purely a driving error.
7) Every week 14 road deaths on the road involve young drivers.
8) For every five first year drivers, one will have an accident.
9) Young drunk drivers account for 25 percent of drink-driving collisions.
These are just some of the statistics working against young drivers in the UK that account for the high motor insurance costs for young people.
Recently in a news report, Simon Douglas, the AA Insurance Director, said that half of UK insurers won’t even cover young drivers anymore. But while this may be the case, it has also opened up doors for smaller insurance companies to reach this market. Many of these companies are internet-based businesses and offer cheap car insurance for young drivers.
Young people can also do the following things to help lower their motor insurance premiums:
1) Get insurance that caters for your mileage
Many young persons drive less than the average miles a year (8,000 to 10,000) and insurance premiums are calculated according to the averages. This means that if you drive less than this a year you can negotiate a lower premium.
