UK Young Drivers’ Insurance - Why Is It So Expensive?

Picture this, you're ready to hit the road but need insurance. As a young driver, car insurance quotes are unfortunately very high. But why is young driver insurance so expensive? The answer is simple: their lack of driving experience brings with it a greater risk of issues. However, there are several insurance companies that offer competitive rates for young drivers. Here is a list of some of the best insurance companies in the UK for young drivers under 25, along with their features and benefits: 

Bell Insurance: Bell Insurance offers blackbox insurance, which uses a device installed in your car to track your driving habits. If you drive safely, you could be eligible for discounted premiums. Bell also offers a range of coverage options and discounts for young drivers, including a discount for completing a driving course. 

Aviva: Aviva is one of the largest insurance companies in the UK and offers a range of coverage options for young drivers. They also have a telematics program called “Aviva Drive,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers. 

Direct Line: Direct Line is a well-known insurance company in the UK and offers competitive rates for young drivers. They have a telematics program called “DrivePlus,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers. 

LV=: LV= is a mutual insurance company, meaning they are owned by their policyholders rather than shareholders. They offer a range of coverage options for young drivers and have a telematics program called “MyDrive,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers. 

Co-op Insurance: Co-op Insurance is a mutual insurance company that offers competitive rates for young drivers. They have a telematics program called “Smartbox,” which uses a blackbox device to track your driving habits and could lead to discounted premiums for safe drivers. 

What Is Blackbox Insurance? 

Blackbox insurance, also known as telematics insurance, can be a good option for young drivers as it rewards safe driving habits with discounted premiums. To qualify for blackbox insurance, a device is installed in your car that tracks your speed, braking, and other driving habits. If you drive safely, you could be eligible for discounted premiums. 

What Is The Typical Cost Of Insurance For New Drivers? 

The typical cost of insurance for new drivers in the UK can vary widely depending on a range of factors, including your age, the make and model of your car, and your location. However, according to the Association of British Insurers, the average cost of car insurance for a new driver in the UK is around £1,200 per year. Finding cheap car insurance is difficult for a young driver, but these costs decrease over time.

In conclusion, there are several insurance companies in the UK that offer competitive rates for young drivers. Blackbox insurance, which rewards safe driving habits with discounted premiums, can be a good option for young drivers looking to lower the cost of their insurance. The typical cost of insurance for new drivers in the UK is around £1,200 per year, but this can vary depending on a range of factors. Expensive car insurance for new drivers is a common issue, and one that we have looked at in a seperate piece. Visit our blog 'how to get cheap car insurance' and see how you can save, even as a new driver.

Looking To Get Car Finance As A Young Driver? 

Did you know it is better to obtain a car finance quote before choosing your desired vehicle? That way, you can understand how much you can afford to borrow and how much it’ll cost you each month. 

Marsh Finance offers a FREE eligibility check, where you can find out if you’re pre-approved for finance on the same day without impacting your credit score! 

Check your availability here.