Why is under 25 car insurance so expensive?
Insurance companies price premiums according to general trends. Unfortunately, however careful a driver you may be, as an under-25, your insurance will be much higher than an older driver’s because the probability is that you’ll have a serious accident. In fact, the road safety charity Brake reports that nearly one in four 18-24 year olds (23%) crash within two years of passing their driving test.
This scary statistic might be due to a number of factors:
Experience plays a big role in road safety. For example, if you’ve almost lost control of a car on a wet road, you’ll have learnt the hard way to slow down in the rain. New drivers can be overconfident, especially if they’ve learnt fast and passed their test with flying colours.
Risk-taking is another prime characteristic of young drivers, with speeding, blind overtaking, driving while on drugs and not wearing seat belts being much more common than in older drivers. According to Brake, “this may be because the frontal lobe, the part of the brain that helps control impulses and emotions and assesses risk, is not fully developed until your mid-20s.”
Night-driving. Night is statistically the most dangerous time to drive, with up to 40% of collisions occurring in the hours of darkness. There are many possible reasons for this: