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Young Drivers Grapple with Soaring Insurance Costs

Automatic-only drivers face additional financial burdens, with premiums exceeding £2,800 on average.

  • Young drivers face steep insurance premiums, with those under 25 paying over £2,000 on average, and automatic-only drivers facing an additional £900 increase.
  • Installing a black box, adding a named driver, choosing a car wisely, and opting for a fully comprehensive policy are among the strategies to reduce costs.
  • Automatic-only drivers are increasingly common, with a record number of automatic-only tests being taken, partly due to the rise of electric cars.
  • Insurance costs now represent 66% of total running costs for young drivers, with premiums rising significantly in the past year.
  • Experts advise shopping around for the best insurance deals and considering telematics policies to manage the high costs of car insurance.
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