Almost ten percent of accidents in the last 12 months involved new 15 and 65-plate vehicles, bringing with them a £402 million repair bill.
The figures, which were compiled in a study by Accident Exchange, also found that drivers tend to have some form of accident with their brand new car on the 57th day of ownership.
Adding to this, the figures show that 32 per cent of all accidents that occur to 15 and 65-plate vehicles do so within the first two months of ownership.
Scott Hamilton-Cooper, director at Accident Exchange, said: “Any accident is a traumatic and emotional experience for the driver and passengers, but this increases for those driving brand new vehicles usually costing a lot of money.
“Buying a new car is a big deal; the old adage that it’s the second largest most people will make after a home still rings true.
“Whenever a driver reports a crash to us, we make sure they are back on the road as swiftly as possible and that their vehicle is repaired according to strict manufacturer-approved guidelines. The vehicle should always be returned to factory finish condition for safety reasons and because it is someone’s pride and joy.”
The study took into account 35,800 recorded accidents that took place between February 2015 and January 2016. It also found that of those drivers who are involved in an accident, 63 per cent will purchase a new car within a six-month period.
After completing his university studies in English and Creative Writing in Cardiff, Jack is now a full time motoring writer at Blackball Media. His love of cars stems from his childhood years when he began to live and breathe all-things automotive.