Why is Young People’s Car Insurance More Expensive?
You’re 18. You’ve just passed your driving test. You’ve got your dad’s old car and the keys. Still though, there’s one more thing you need before you get on the road for the first time – insurance.
Unfortunately, young people’s car insurance is a little unfair. Often – well, always – it’s substantially more than what an average driver would expect to pay. There are a few reasons for this. You may not agree with them but your only available form of protest would be to not buy insurance. Which would be illegal, get you arrested and get your car taken off you. So probably not a good idea.
Anyway, moving on; one big reason that young people’s car insurance is more expensive is because you don’t have an established driving history. However, as mentioned, if you pass your driving test at 25 you’ll still get a cheaper insurance than an 18 year old. Why? Because of statistics.
Insurance is, for the most part, based on your risk as a statistic, rather than as an individual. Newly qualified drivers get charged more because the statistics say that in the first two years of passing your test, you’re far more likely to have an accident. One in five will have one in their first year on the road.
Of course this doesn’t explain why younger people have to pay more than older people. Again, the answer is statistics.


