It all comes down to risk. Statistically, young drivers are more likely to be involved in a car accident. One in four 18-24-year olds have an accident within two years of passing their test**.
A higher risk means younger drivers are more likely to make a claim on their insurance. However, accident statistics and age are not the only factors insurers take into consideration when calculating car insurance prices. They also look at:
- The car you drive
- Your occupation
- Where you live
- How you use your car (private or business use)
- Your excess
- How many miles you driver per year (annual mileage)
- Who is insured to drive your car
- Your policy type (comprehensive, third-party or third-party fire and theft).
Our guide on how car insurance is calculated explains things in more detail
**According to data from the road safety charity, Brake.