For most teenagers, turning 17 is a great time in your life, for starters it’s the first year you can legally learn to drive and get your licence
- If you're already taking driving lessons or about to start learning to drive, you can find lots of useful information on our learning to drive page
Passing your driving test can give you a sense of independence and freedom, but for many 17-year-olds this driving freedom can come at a pretty hefty price.
Despite having countless lessons and passing their driving test, most 17-year-olds are still inexperienced drivers. This means insurers see them as more of a risk and therefore adjust policy prices to take this into account.
This isn't just the opinion of insurance companies, there are hard statistics to support the link between young drivers and accident rates.
Road safety charity Brake reported that:
- One in five new drivers has a crash within six months of passing their test
- Young male drivers aged 17-20 are seven times more at risk than all male drivers
- Young male drivers have much higher crash rates than young female drivers
Accident statistics are not the only factors taken into consideration when calculating a premium. Others include:
- The car you drive
- Where you live
- How you use your car
- Your excess
- Who is insured to drive your car
- Your policy type
One factor that can positively influence the price of insurance is no claims bonus
. Unfortunately as a young inexperienced driver, it takes patience and careful driving to build up a no claims bonus.
For more tips on how to drive down the cost of your car insurance, take a look at our guide