Young Drivers’ Insurance Doesn’t have to be Expensive. Passing the Driving Test must surely be one of the great high spots in a person’s life experience but often, there follows a huge anti-climax when it comes to buying that first car and getting it on the road.
The initial purchase cost is, in itself, a major headache but Insurance fees can be crippling for the new teenage driver.
Not long ago, A pupil, who was near to test and (in my view) a good bet to pass, told me he was buying a second hand hatchback and had got a brilliant deal at £800.
However, he was less than happy after trawling the Insurance websites, searching for quotes; the cheapest he received had been over £1500 – nearly twice the cost of his second hand car.
So why is Car Insurance so expensive?
Throughout Europe and North America, statistics prove that sadly, Road Traffic Accidents are the leading cause of death and serious injury amongst young people.
In the UK in 2011, there were a total of 151,474 reported road accidents involving personal injury. 22 per cent (33,322) of these involved at least one young car driver (17 to 24 year old), and in total:
412 people were killed in accidents involving young car drivers (22 per cent of total road deaths in 2011) 4,894 people were killed or badly injured (20 per cent of total road casualties)
46,634 people were slightly injured (26 per cent)
148 young car drivers were killed in 2011 (24 per cent), and 1,552 young car drivers were killed or badly injured (25 per cent).
27 per cent of young drivers involved in accidents were aged 18 or 19. The majority of casualties in an accident involving young drivers were aged 17 to 24 (56 per cent), as were the majority of the deaths (59 per cent).
Passengers in accidents with young drivers are likely to be of the same age and sex as the young driver (in accidents involving older drivers, the casualty ages are more evenly distributed). 80 per
cent of passenger casualties in accidents involving young car drivers were aged 15-24.
It makes grim reading but measures have been introduced in some countries, such as a graduated licence scheme, which places restrictions on the number of passengers the young driver may carry and the times during which they are permitted to drive.
However, a scheme being implemented in the UK has largely removed such restrictions for young drivers.
“Telematics Insurance” is an innovative way to lower the premiums paid by younger drivers.
Some insurance companies are now fitting a device into a car that measures how well it is being driven. By having the device installed in a car it’s possible to prove that you drive safely.
The resultant premiums are then based on how safe and conscientious the driver is instead of paying a rate insurance based on the average driver.
In addition, those drivers who escape death or serious injury can lose their licence and in the case of new drivers, just six points within the first two year period means their licence is revoked and they must start the learning process all over again.
Recent figure show a breakdown of the reasons why drivers received a ban, with Insurance offences featuring prominently.
Top 10 reasons for new driver bans:
1. No insurance.
From June 2010 to May 2014, 21,148 new drivers were caught using an uninsured vehicle.
Exceeding the speed limit got 7,220 new drivers banned
3. Driver’s identity
Failing to provide any information of a driver’s identity resulted in 2,220 bans
4. Vehicle control (or lack of)
Some 1,766 bans related to the control of a car – using a mobile phone etc.
5. Care and attention
People driving without due care and attention meant a further 1,675 bans
6. Motorway speeding
1,249 bans were due to drivers exceeding motorway speed limits
7. Jumping lights
Failure to comply with traffic light signals meant there were 1,020 bans
8. Defective tyres
854 drivers were banned for using a car with defective tyres
9. Insurance offence
Various other insurance offences meant another 699 bans
10. Failing to stop
665 drivers were banned for failing to stopping after an accident.
Almost 22,000 drivers lost their licences for insurance offences!
Make sure you’re prepared for that big, fast and furious motoring world by choosing a Driving School that involves you in all decisions, where safety is concerned – especially your own.
In years to come you could be responsible for the safety of your wife and children in the car.
Call us and find out how we’ll keep you safe – for life!