The Rising Cost of Car Insurance for Young Drivers: Is It Worth Waiting Before Passing Your Driving Test?

Thursday, 6 June 2024, 06:00

A recent study reveals that the average car insurance premium for newly licensed 17-year-old drivers has surged to £3,075, illustrating a significant increase of over £1,000 compared to the previous year. The escalating costs pose a financial dilemma for young drivers contemplating the timing of their driving test.
https://store.livarava.com/3339d7af-23d0-11ef-a40e-9d5fa15a64d8.jpg
The Rising Cost of Car Insurance for Young Drivers: Is It Worth Waiting Before Passing Your Driving Test?

The Current Scenario

The average cost of car insurance for a newly passed 17-year-old driver has now hit £3,075, up by more than £1,000 from £2,004 at the same point last year.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe