Insurance premiums jump as learners pass test

August 11, 2014 | By | In News

Extremely high insurance costs – which can nearly double after learners have passed their driving test – are still prohibiting many young people from getting a car. The latest figures from the Department for Transport show that while 43 per cent of 17-to-20-year-olds held a full driving licence in 1995, this figure dropped to just 31 per cent in 2013.

While insurance cover used to drop in cost as learners passed their tests, advice groups are now warning young drivers to be aware that premiums may actually rise once they’ve gained a full driving licence.

An 18-year-old man driving a Ford Focus 1.6 and living in Hornchurch near Romford in Greater London would expect to pay around £1,790 for insurance when learning, says Endsleigh car insurance. However, this could jump to £3,240 once they’d passed their test, reports the Times.

Young drivers need to be aware that there is a spike in the cost of cover once they have passed their test because insurers regard them as a bigger risk when they no longer have someone experienced sitting alongside them.

Unsurprisingly, many teenagers considering learning to drive cite the key issues being the sheer cost, with the need to pay for expensive driving lessons and having to buy a car and insurance. Insurers, however, argue that this reflects the increased likelihood of an unsupervised newly qualified driver having an accident than a learner driver.

Graeme Trudgill, from the British Insurance Brokers Association, said: “Young drivers need to be aware that there is a spike in the cost of cover once they have passed their test because insurers regard them as a bigger risk when they no longer have someone experienced sitting alongside them.”

Take a look at some of the cheapest cars for young drivers to insure on Motors.co.uk, including the Ford Ka, VW Polo, Fiat Panda, Skoda Citigo and Vauxhall Corsa.

Picture: Petert2

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