Why is young drivers car insurance so expensive?

The main reason car insurance for young drivers is so expensive is the risk the insurer takes — statistics show that young drivers are far more likely to be involved in accidents than drivers over the age of 25, with insurance premiums calculated to reflect the stats.

AA research shows that one in eight British drivers is aged 25 and under, with a quarter of all drivers involved in serious traffic collisions within this age group.

As well as being more likely to have an accident, young and new drivers often have to pay more for their car insurance because they haven’t had the chance to build up a no claims bonus over time.

This makes cheap car insurance for young drivers quite difficult to find, but you can compare insurance policies from different providers for new driver cover on uSwitch: