Is car insurance for the young too expensive?

A PARLIAMENTARY committee led by a Liverpool MP has come to the same conclusion most motorists already know; that car insurance is crippingly expensive for younger drivers.

This week the Transport Select Committee has reopened its inquiry into the cost of car insurance, armed with new research which suggests a whopping 96% of younger drivers feel they are being “priced off the road” due to high insurance premiums.

Liverpool Riverside MP Louise Ellman, the committee’s chairperson, said:

“I am extremely concerned about these results, which show that young drivers think they are being priced off the road because of the high cost of motor insurance. It is shocking that so many young drivers are considering breaking the law – by driving without insurance or changing the details they provide to insurers – in order to get a cheaper premium.

“It’s revealing that most young drivers are also unaware that many insurers receive referral fees in order to deal with claims they make. This highlights why the committee called for referral fees to be made more transparent in its report on the cost of motor insurance earlier this year.”

However, insurers continue to charge younger drivers higher prices than their older counterparts, and point to high accident rates to justify them – Department for Transport statistics show that although people under 25 make up just 12% of those on the roads, they’re involved in more than a quarter of the accidents.

Are you a younger driver being hit by the cost of insuring your car? Or do you think the accident statistics justify the prices? Share your thoughts by sending an email to

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