Guides & Tips Community Compare Car Companies Car Insurance Companies More Car Insurance Options Why Us?

Car Insurance Costs for New Young Drivers

Feb 15, 2011

You may have thought that it would be a great idea to buy your teenager some driving lessons as a Christmas or birthday present and most likely these will have been well received.  So once your son or daughter heads out and completes their course of driving lessons the next thing to do will be to take their driving test.  Hopefully they will pass first time and will now be in possession of their own driving licence.  This is fantastic isn’t it?  Well maybe not!

You may be delighted about the fact that your teenager can now drive and that your present was money well spent but have you even considered how much you will have to pay for car insurance because your child is going to want to get behind the wheel as soon as possible.  Many parents think that all they have to do is add their son or daughter to their car insurance policy for a few extra pounds each month and then they can start to build up their experience.

Well if you are one of these parents you will be in for a big shock when you contact your car insurance company for a quote.  Believe it or not you could be looking at an extra two or three thousand pounds per year to add a teenage driver to your policy.  This might seem shocking to you and it could even be an expense that you just cannot afford.  Your teenager may find that even though they are a fully licensed driver they cannot get insured to drive and will find it very difficult to build up their experience.

There are many factors which will be taken into consideration when calculating the insurance premium for new teenage drivers.  Not only will their age and experience be taken into account but the insurance company will also consider gender and the car that is being driven.  Teenage boys and young men have been shown to be more likely to be involved in an accident and are more likely to speed then teenage girls and young women and for this reason they are seen as more of a risk.  This is why insurance for teenage boys is considerably higher than it is for teenage girls. 

Another thing to think about is the size of the car that will be driven.  In general, it costs more to insure a bigger car and a car that is newer as this will cost more to replace if the car should be written off.  There is nothing you can do about the gender of your child but you can reduce the amount you pay for insuring a teenager on your car if you insure them on a smaller car.  Many parents will choose to buy a small run-around for their teenager to learn to drive in and to build up some experience.  There are many teenagers who are so desperate to drive that they will get a part time job and fund their insurance costs themselves or at least pay a large chunk towards it.

So before you buy driving lessons for your teenager thinking it will be a fantastic gift, you have to take the cost of insurance into consideration as this will be a huge expense.