Home Life & Style Thousands of drivers face paying £2,000 extra for car insurance if they...

Thousands of drivers face paying £2,000 extra for car insurance if they fit one criteria

The insurance price comparison service Compare the Market has warned that motorists who recently passed their driving test are being priced off the road due to the increasing cost of cover.

According to the company, the typical cost of car insurance for a 17-year-old driver is £3,075, an increase of more than £2,000 compared to 2023 prices.

Julie Daniels, motor insurance expert at Compare the Market, voiced concerns that rising costs could prevent a generation of motorists from learning to drive.

She explained: “The significant increase in the cost of car insurance could make driving prohibitively expensive for lots of teenagers.

“And as the cost of car insurance continues to increase, it may force some potential young motorists to delay learning to drive.”

Compare the Market noted that all drivers are currently facing an increase in the cost of insurance, with the average driver paying £1,673 to cover their car.

An increase of over £500 since 2022, one of the most significant reasons why car insurance continues to rise is due to a rise in the amount of claims being made by drivers.

This, paired with an increase in the cost of labour needed to repair vehicles, means many inexperienced drivers are facing much sharper increases than before.

Paul Daly, Director of the temporary cover provider InsureDaily.co.uk, highlighted that the cost of renting another vehicle for customers getting vehicles fixed is also contributing to the price rises.

He added: “Interestingly, the industry seems to have managed to reduce personal injury claims (down eight percent) by bringing in new legislation in recent years that restrict claim amounts, but things like excessive costs for hire vehicles during repair periods (up 35 percent) still need addressing.

“While these increases are largely out of drivers’ control, it’s important to remember that there are still ways they can influence their own premiums.”

According to InsureDaily.co.uk, drivers looking to cut the cost of their car insurance should try to improve their skills behind the wheel.

Taking additional driving courses, such as Pass Plus, can give motorists extra qualifications that can help prove to insurers that they are safe drivers.

Spending more time on the road can also help drivers build up a No Claims Discount (NCD), which generally offers a larger discount for every year they do not request money from the policy.


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