It is widely regarded that young car insurance is a very costly experience for newly qualified drivers, but there is a feeling that these drivers are no more dangerous on the roads than young drivers 20 years ago. So why are young drivers now forced to pay extortionate premiums?
Co-founder of insurance firm Young Marmalade, Nigel Lacy, believes that the heightened competition and clamour for car insurance customers means that drivers are unable to build up a required level of trust with an insurance broker.
Mr Lacy said: "There is nothing wrong with switching (car insurance), but loyalty has now gone through the windscreen.
The insurer now has as little as one years premium to recover the risk profile for an individual driver, so it has to increase the price in an attempt to balance the books."
Another growing concern for young drivers is that the high cost of a UK car insurance policy means that drivers have less money to spend on the vehicle itself, subsequently purchasing cheaper vehicles that require more maintenance with sub-standard safety features.
At the end of the day it pays to sit tight and ride the storm with one UK car insurer to build up a lengthy no-claims discount as soon as possible.
Mr Lacy concluded: "There is no substitute for claim-free years under the belt to bring premiums down to sensible levels and the quicker the young driver can achieve that, the better."
CompareInsurers.com is managed by a team of car insurance professionals and car enthusiasts. Our aim is to enable you to find all the information you need to get a competitive UK car insurance quote. With over 50 UK motor insurance providers, you can be sure of finding the quote and the information you need.