If you’re a driver aged between 17-24, you may find that your car insurance premiums are some of the most expensive around. This is because younger drivers are statistically more likely to claim on their insurance. The Association of British Insurers (ABI) found that male drivers under the age of 21 are ten times more likely to have an accident than male drivers aged 35 years or over.
However, all is not lost. By shopping around for your insurance and not accepting the first quote that you are given, you could still save hundreds of pounds. Even though premiums will be higher for younger drivers, all insurance companies will treat this differently and the prices you see will vary by hundreds, sometimes thousands of pounds. With Gocompare.com, you can get prices from over 125 insurance providers in just one search. There are other ways to keep the costs of your insurance down which include improving the security on your car, or avoiding cars with modifications. For more tips on how to keep the cost of your insurance down, take a look at our young drivers car insurance guide.
Did you know...?
Some insurance companies will give discounts for new drivers with Pass Plus qualifications, but only if they are held by new drivers within the first year of having passed their driving test.
