Car Insurance For Young Drivers Average Cost

Average cost of car insurance based on sex. However this cost increases massively after a young driver has passed their tests with the average cost of a first car at 3 562 the first year insurance premium reaching an average of 1 737. G etting a young driver 17 to 24 on the road costs over 4 750 in the first year and 2 200 in subsequent years according to new research released this week.

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We know what you re thinking you can t discriminate based on sex anymore.

Car insurance for young drivers average cost - We examined the average cost of car insurance by state to help drivers estimate how much they should be paying for coverage. The 4 750 includes 2 546 for. Average cost of car insurance for teens and young drivers age and gender are major factors insurers use to determine teen auto insurance rates.

The cost of insurance for young drivers has fallen by more than 80 over the past six months according to new figures. On average a 16 year old pays around 2 661 for an. After collecting quotes from top insurers across the country we found the average auto insurance rate to be 2 390 per year or 200 per month.

Yet despite the eu directive which prohibits insurers from assessing a driver s risk based on their gender male drivers are still paying more on average than female drivers.