Average Car Insurance For New Driver

The average yearly cost of car insurance for people who ve held their licence for a year is 1 024.

Average car insurance for new driver. In order to determine what a young driver will typically pay for comprehensive car insurance we gathered quotes for a sample 18 year old male driver with a full uk licence who drives a 2015 ford. The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600. While inexperience plays a big role in the cost of car insurance for new drivers even more important is the fact that most new drivers are young drivers between 18 and 24 years old. To help young drivers decide which car could save them the most money marmalade has revealed the cheapest nine cars for insurance premiums.

Find cheap car insurance for new drivers with moneysupermarket. While you may pay slightly more for insurance than another driver your age who has been driving for years you re still likely to be paying less than half as much as a new driver who is 18 20 years old. State farm and usaa offer the best annual study rates for sample drivers in this group at 1 681 and 1 683 respectively. Below you ll find average car insurance cost by age for several common coverage sets for the time when your teen years are in the rear view mirror but much cheaper rates are still a bit further down the road.

Statistics have shown that drivers under the age of 25 who ve recently passed their test are more likely to be involved in an accident. These are a range of new nearly new and used cars. According to the association of british insurers abi drivers aged 18 20 pay an average of 972 per year for car insurance whereas drivers aged 31 35 pay an average of 426. After a certain number of years of accident free driving you ll likely qualify for a safe driver discount.

That s a 74 increase over driver profiles with a clean record. Drivers with a g1 driver s license will pay more than a driver with a g2 or a g driver s license. If you re a teen driver or a new driver every year of safe driving will help lower your rates until your age and experience are no longer factors in your car insurance costs. Between the high cost of insurance and the average driver spending over 1 000 on driving lessons at a cost of 23 per hour long driving lesson being a young driver is not cheap.

People who ve had their licence for longer pay less on average. Average car insurance rates by age and gender for the early 20s when you hit your 20s your rates start to drop but you ll still pay more than most drivers until you reach age 26. Why is car insurance for new drivers so expensive. Average cost of car insurance by age.