Why is car insurance expensive for young, student drivers?
Car insurance is a requirement by law, you’ll need it to drive any vehicle, so sadly, you’re just going to have to get it if you want to be on the road. But if you’re a young driver and a student it can sometimes feel like your wallet’s taken a hit.
Young drivers are usually have a lack of driving history and statistics show that more than a quarter (26%) of young drivers are involved in an accident within two years of passing their test, usually in daylight. Research also shows that young drivers are risky drivers – exactly 25% of drivers aged 17-24 attributed careless behaviour as the cause of an accident, such as not looking properly or driving too fast.
And if you’re a student the bad news just keeps on coming. Universities and colleges tend to be in big towns and cities where the threat of crime is never far away. Insurance providers – will base your premium based on your postcode, so living in halls of residence in a highly populated, built up city will typically be more expensive than a low crime, safe, country home.