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Average car insurance cost in the United Kingdom (UK) 2018, by age

Average car insurance cost in the United Kingdom (UK) in 2018, by age (in GBP)

by Statista Research Department, last edited Apr 8, 2019
Average car insurance cost in the United Kingdom (UK) 2018, by age In the United Kingdom (UK), younger drivers would on average pay more for their car insurance than older drivers in 2018. A driver who is around 25 years old would be charged roughly 1,036 British pounds whereas a driver in his 30s would be charged an average rate of 832 GBP. This higher premium stems from the idea that young drivers engage in more risky driving behavior, such as drink driving, and therefore pose a higher risk to insurance companies.
Most insurance owners are relatively older

How many young people have a car insurance in the UK? According to a large financial survey in 2017, six percent of all car insurance owners were aged between 18 and 24 years old. Most UK adults that have a motor insurance were around 50 years old.

Young drivers pay more, but also tend to have more coverage

Prices of different car insurance cover plans in the UK have decreased between 2017 and 2018. Third party, fire and theft plans overall had higher premiums than comprehensive plans. This, however, is because the basket of risks reflect the type of driver that busy such cover, which is typically young drivers.
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Average car insurance cost in the United Kingdom (UK) in 2018, by age (in GBP)

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by Statista Research Department, last edited Apr 8, 2019
In the United Kingdom (UK), younger drivers would on average pay more for their car insurance than older drivers in 2018. A driver who is around 25 years old would be charged roughly 1,036 British pounds whereas a driver in his 30s would be charged an average rate of 832 GBP. This higher premium stems from the idea that young drivers engage in more risky driving behavior, such as drink driving, and therefore pose a higher risk to insurance companies.
Most insurance owners are relatively older

How many young people have a car insurance in the UK? According to a large financial survey in 2017, six percent of all car insurance owners were aged between 18 and 24 years old. Most UK adults that have a motor insurance were around 50 years old.

Young drivers pay more, but also tend to have more coverage

Prices of different car insurance cover plans in the UK have decreased between 2017 and 2018. Third party, fire and theft plans overall had higher premiums than comprehensive plans. This, however, is because the basket of risks reflect the type of driver that busy such cover, which is typically young drivers.
Show more
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