Car Insurance Quotes for Young Drivers to See a 77% Increase: Here’s Why 

Teenage learner drivers might have to reserve their pockets after Quotezone recently revealed that 17-19-year-olds will be paying 77% more for car insurance, with prices going over £3500 a year. This means the average cost of covering also goes up to around the £3000 mark, a shocking £2000 more than the average premium for older drivers. 

The tone does not change for older teens as well with 19-year-olds being quoted an average of £2435 per year. The trend does raise a few questions as the rise in premiums for younger drivers is well above the 34 per cent rise the rest of the population saw last year, according to the Association for British Insurers (ABI). 

In a press note by Quotezone, CEO Gregg Wilson said that the ridiculous rise in car insurance premiums means that younger drivers are being priced off the roads. “Learning to drive comes with a lot of costs, including driving lessons, tests, tax and insurance,” he explained. “As the average insurance price for 17-19 year-olds now approaches £3,000 at the start of the year, many are unable to afford getting behind the wheel after passing their test.”

Recent industry data by the Association of British Insurers (ABI) claimed that its members paid out GBP1.3 million every hour during 2023. Interestingly, however, this is just an 18 per cent increase across the year while the average premium that needed to be paid by the owner soared by 34%. 

This raises a lot of questions considering the rest of the European countries which were affected by the same factors cited by the ABI, saw a rise of just 2 per cent in France, 5 per cent in Spain and 6 per cent in Italy. 

This is only further heightened by the fact that UK insurers have revealed the amount they paid for motor claims went up by about 18 per cent last year,” said John Kushnick, Legal Operations Director at claims firm National Accident Helpline.