Lowest Auto Insurance For Young Drivers - Most young people can't wait to get behind the wheel of their first car. What can dampen their excitement is finding affordable car insurance. Unfortunately for young drivers, car insurance can be expensive. However, there are some good deals to be found on the market if you know where to look.
For this study, he analyzed quotes from over 50 car insurance companies available on 2 major comparison sites to find the cheapest comprehensive plans for new young drivers in major English cities.
Lowest Auto Insurance For Young Drivers
The team sampled quotes from 50+ UK car insurance companies to find out which were the most affordable for young drivers, based on an 18-year-old student. The results showed that the cheapest brand of car insurance for young drivers is General Accident Insurance (GA). Overall, the data showed that GA was on average about 62% cheaper than the average of all quotes received for a young driver, and even 18% cheaper than the average of the cheapest 3 car insurance rates for a young driver.
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Some brands come from the UK's biggest insurance companies - for example, General Accident is part of Aviva, and Churchill and Privilege are part of Direct Line. You will find that these large car insurance companies may not be competitive in pricing young drivers through their regular car insurance or parent company brand (eg Aviva or Direct Line) but may have offers through these other brands (eg General Accident). or Privilege).
In the table below you can see the 15 cheapest insurance companies for young drivers from our research, and their premiums and excesses for our young driver sample. Keep in mind that your offers may be very different, and another provider may be the cheapest for you. The quotes in this article reflect data for our sample driver and should be used for informational purposes only.
Unfortunately, not all cheap insurance companies are available in all parts of the UK. For example, in our survey of the 10 biggest cities in England, we found that young drivers in Manchester were offered 45% fewer deals – meaning many insurers will not offer cover to young drivers in some areas. In addition, the average insurance prices for young drivers in Manchester are more than 2 times the cost of insurance in some other major cities in England. Read more in our article on comparing car insurance costs for young drivers by area.
According to our research, general accident insurance was the cheapest insurer for young drivers in Birmingham, Leeds, Sheffield, Bradford, Manchester and Liverpool. Across all these cities, the average price for a GA was £1,569 for a young driver, almost 63% less than the average price across all insurers in our study.
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If you live in any of these areas, GA may be your best bet for affordable insurance. However, More Than's Smart Wheels, Churchill Drivesure and Ingenie were also competitive car insurance alternatives for young drivers, with the second, third and fourth cheapest car insurance on average for young drivers in the North of England, respectively.
For those in the South West or South East, General Accident was also usually the cheapest car insurance for young drivers. In London and Bristol, GA rates for our young driver sample were £1,027 and £991 respectively.
The cheapest insurance in your city may not reflect the cheapest general insurance listed above. While General Accident, More Smart Wheels and Ingenie are generally in the top three in major English cities, there are some brands that are cheaper but only offer cover in selected areas. See below to see which is the best option in your area.
If you haven't bought a car yet, choose carefully because the price of insurance can vary significantly depending on the make and model of your car. And you might be surprised at the price difference. For example, the ever-popular Ford Fiesta costs on average £200 less per year to insure than the Ford Focus. For more information see our article on How much does it cost to insure the most popular vehicles in the UK?
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Add a responsible driver to your policy such as your mother, father or sibling. You may see your quote drop by 50% or more, but this varies greatly from insurer to insurer and depends on other details in your application. Still, it's definitely worth a look.
Installing a black box or telematics system, as required by most plans in this study, can reduce car insurance costs for young drivers. With the black box, the insurance company can collect data about your driving style, such as your speed, how smoothly you brake, the time of day you drive, how often you use the car and how long you drive without a break. If they think your driving is too risky, they can cancel your policy.
Do not add yourself as a named driver to a policy in your parent's name if you are actually the main driver of the vehicle. This is called "fronting" and is illegal. If you have an accident, your insurance would be void and the insurance company would not pay compensation.
To find out how much a young driver will typically pay for comprehensive car insurance and to choose the cheapest insurance companies, quotes were collected for a sample of 18-year-old male drivers with a full UK license driving a 2015 Ford Fiesta Most popular in the UK. Together we've collected over 300 offers for drivers living in London, Birmingham, Leeds, Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland who drive less than 5,000 miles a year. Quotes included courtesy vehicle, breakdown, personal accident and legal cover.
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The guidelines on this website are based on our own analysis and are intended to help you identify your options and narrow down your choices. We do not advise or tell you which product to buy; do your own due diligence before entering into any contract. Read our full disclosure here.
Advertiser Disclosure: Authorized and regulated by the Financial Conduct Authority (FCA), FCA FRN 797621. It is a research and data driven personal finance website. The reviews that appear on this website are based on our own analysis and opinion, focusing on product features and pricing, not service. Some offers that appear on this website are from companies that receive compensation. This fee may affect how and where offers appear on this website (for example, the order in which they appear). See our Advertiser Statements for more information. The Website may not review or include all companies or all available products. Although we try to be comprehensive and up-to-date with product information, prices and terms may change after publication, so always check with the supplier for details. Users should ensure that they carry out their own due diligence before entering into any contract.
A note on the savings figures: *51% of consumers could save £333.50 on their car insurance. The saving was calculated by comparing the cheapest price found with the average of the next four cheapest prices offered by insurers on insurance comparison website Seopa Ltd. This is based on representative savings from data from September 2022. The savings you can achieve depends on your individual circumstances and how you have chosen your current insurance provider. Pet savings data is based on Gertie the dog, 3 months old, or Tong the cat, 9 years old, with no known medical conditions, current vaccinations and microchips. The home insurance savings figures are based on 51% of consumers who purchased buildings and home contents insurance through this service provided by Seopa Ltd in September 2022 being quoted less than £165.18. The price you can earn depends on your individual circumstances. Revealed: The nine cheapest cars for new young drivers to insure, with Peugeot 107 and Citroen C1 topping the list
The cost of car insurance for young drivers is extremely high, with 17-24 year olds often paying over a thousand pounds a year for the privilege of being on the road.
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The make and model of a car can significantly affect how much young drivers spend each year.
For this reason, it may be worth looking into insurance first rather than looking for a car and then being saddled with the huge costs of getting behind the wheel.
Drivers who choose the Peugeot 107 will pay significantly less insurance than other models, according to Marmalade, an insurer for young drivers.
The Peugeot 107 has been named the cheapest car for young drivers in the UK
Compare Car Insurance Companies For Young Drivers
They found the lowest premium for a 17-year-old with this car was just £740, almost half the price some young drivers will pay for their vehicle.
Young drivers can also reduce the cost of their insurance by fitting a black box, which reduces the chance of 17-24 year olds getting into an accident for the first time.
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