Finding car insurance at 17
Although car insurance for 17-year-olds is generally high, the overall cost of insurance for young drivers has fallen.
For the first 3 months of 2014, the Confused.com price index has shown that car insurance premiums have fallen year-on-year. Average car insurance premiums for 17 year olds have dropped a staggering 39% (a drop of £1,384 on the same period in 2013).
The fall in the average car insurance premiums has made insurance more affordable for 17 year olds.
While falls in premiums may make it more affordable, insurers still see young drivers as a high risk group. In an attempt to address this, some insurers now offer telematics policies targeted at high-risk drivers.
Telematics policies involve fitting a small box to your car which measures and analyses your driving style (things like your speed, handling and braking). Your premium is then based on how well you have previously driven, so if you drive carefully you could prove to insurers that you are a safe driver. This could positively influence your insurance premium.