Young Driver’s in USA And Europe find it hard getting Insurance for Young Drivers because they are inexperienced and tend to have car issues a lot which are bad to Car Insurance Companies.
If you have just passed your test and are itching to get out there on the open road, you are likely to find that you won’t be able to get that modified motor you were dreaming of. This is because, unfortunately, car insurance for young people is often expensive.
Young drivers insurance costs an average of £1,197* for a fully comprehensive policy*. Since young drivers aged 18 to 24 are considered the riskiest on the road, and therefore more likely to make a claim, it’s no secret that they tend to pay more for their insurance.
While it can be challenging to find cheap car insurance for younger drivers, it is not impossible. This guide will help you find a better deal for your car insurance, hopefully without breaking the bank.
What are the cheapest cars to insure for young drivers?
All cars are classified into insurance groups, numbered from one to 50, with the cheapest cars to insure sitting in the first group. More powerful cars, or those which have been modified to improve their performance, will sit in the higher groups, making them much more expensive to insure.
As of March 2018, the cheapest cars to insure for drivers under 25 are:
|Car manufacturer and make||Average annual cost of car insurance|
Data collated between January and March 2018, from cars in insurance groups 1-3, and manufactured from 2006 onwards. Based on car insurance quotes run on MoneySuperMarket.
As the table shows, your ideal car might not be the best option if your priority is saving money on your car insurance. It pays to do your research, and opt for a model of car which could be cheaper to insure.
As a younger driver, you have probably got a few car models already in mind. Our car insurance comparison service lets you research different types of car to get an idea of what cover you might get, and at what price.
Best insurance for young drivers
Everyone must have insurance, by law, and the minimum level of insurance you can have is third party car insurance, followed by third party fire and theft (TPFT), which offers you more protection for your vehicle. The most extensive level of cover is fully comprehensive car insurance, which covers you for the most types of claim.
Surprisingly, it’s important to compare all levels of car cover because fully comprehensive is rarely the most expensive option. This is because third party, and TPFT, have become the choice of riskier or convicted drivers looking to save money. This has prompted insurance companies to significantly raise the price of these policies.
In fact, if you are a young driver, an average third party only policy costs around £1,050 more than the average fully comprehensive policy. The average cost for a third party only policy for 18 to 24 year-olds was £2,263.35, compared with £1,197 for a fully comprehensive policy*.