It has always been extremely expensive and almost prohibitively so for a young driver to get adequate car insurance at an affordable price. This is because statistics tend to show that the likelihood of having an accident is up to five times greater during your first 250 hours of driving.
However, this has had an extremely negative effect on young drivers and often pushed them into taking out inadequate insurance policies or spending less on car maintenance to ensure they are driving a safe care as they simply cannot afford the insurance premiums and maintenance. Or it may also mean that drivers are more likely to drive without insurance which is very bad for themselves and other road users.
Therefore in the last 6 months car insurance providers have been under pressure to reduce the traditionally sky-high insurance premiums associated with young drivers insurance.
Now a number of car insurance companies are attempting to make young driver insurance policies more affordable by assessing each driver on a case-by-case basis rather than stereotyping all young drivers as being high risk.
As some insurance companies offer better value insurance policies it will have a knock-on effect of reducing the rates across the board as insurance companies will have to be competitive. The plethora of insurance comparison websites means that the traditional smokes and mirrors associated with car insurance has been removed and companies must now win your business by being clear about their policies and their costs.