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Driving Test | UK Driving Test Advice
Driving Newsletter - Tips and Advice on Passing your Driving Test
30 Aug 2011

Young Male Car Insurance Soars to £4,000 average

As if men didn’t have a raw enough deal as it is – with car insurance costs already significantly higher than for their female counterparts – it seems that now insurance premiums for men are set to go even higher.

The immediate impact of this is that many drivers, especially young ones, are opting not to drive at all. Those who have no choice – if they live in remote places, or locations with no public transport – are forced to adapt to the higher costs, but are finding that they’re later forced to find work closer to home, or to work longer hours in order to afford the price increase.The average cost for a 17-20 year old male is £4,006 – the first time it’s passed the £4k mark since insurance indexing began in 2006. Young male drivers have to spend around £6,500 a year on insuring and running their car – which equates to just less than half of their average annual income. It’s a trend that is completely unsustainable – and the steps you have to take to get a better deal border on the ridiculous.

By using price comparison sites, you could get up to £500 off your insurance, but the best saving to be made for young males is… to get married. That’s right – get married and put your wife on the insurance, and it could drop by as much as £1,000. It’s a pretty good saving, but a fairly drastic measure to take.

Sadly, with no hope on the horizon for a drop in insurance costs, it might just be a step that more young men are prepared to take.
Or not.

Further reading: Learner drivers or provisional drivers insurance is readily available for any UK learner driver irrespective of car or postcode.