Car Insurance for 25 Year Olds
Once you turn 25, you’ll find that the prices you are quoted when it comes to taking out a car insurance policy will have fallen, often dramatically, compared to those you’d have been offered in previous years.
You could have built up eight years of experience on the road, and could have a potentially large no claims discount under your belt. All of this serves to lower the costs of the premiums you’re offered by insurance providers.
But there are still steps you can take to reduce costs even further, which we’ll go through in the following sections of this guide.
Age and the Cost of Car Insurance
As a general rule, and with good reason, drivers under the age of 25 will pay the most for their car insurance, and those over 40 will pay the least.
This is because of statistics that show that drivers aged between 17 and 25 are responsible for roughly a third of all fatalities on the road. Both the number and the severity of accidents caused on the road is higher for younger drivers than it is for older drivers, where younger is generally defined as under 25.
This is why a 25 year old driver will, all other things being equal, be offeredmuch cheaper car insurance than a 19 year old driver.
Age isn’t the only factor involved though, a 25 year old or even a 45 year old will face higher premiums if they drive a sports car or if they have previous driving convictions for example. And a 24 year old with five years of no claims will benefit from cheaper car insurance than a 25 year old who claimed in the last six months (again, all other things being equal).
Is car insurance cheaper for women under 25?
Until fairly recently, female drivers had a much better deal than male drivers when it came to car insurance. This is because of statistics that showed that they were far less likely to be involved in accident. Indeed rather shocking research showed that over 90% of all motoring convictions in the UK were handed out to male drivers.
However, in 2012, the European Court of Justice passed legislation outlawing the practise of deciding the cost of car insurance based on the gender of the prospective policy holder. This meant that since 2012, insurance costs for women have gone up rather significantly to meet the consistently higher premiums that male drivers had been facing.
How can I make sure that I get the best deal on car insurance as a driver under 25?
While your car insurance will be cheaper than it would’ve been a few years ago, as a 25 year old driver you may still find that you’re offered frustratingly high premiums when you search for a policy.
That being said, below are a few basic steps you can take so that you can be sure that you’re taking advantage of the cheapest and best policies on the market.
The car you choose to drive is a big factor that the insurance provider will use when calculating your premiums. Every car built to UK specifications fits into one of 50 car insurance groups, with those in the higher groups costing more to insure, and those in the lower groups costing less.
Car insurance groups are worked out according to various factors like engine size and repair costs, so by driving a smaller hatchback rather than a sports car, for example, you’ll find that the price of your insurance is greatly reduced.
You can also cut the costs of your cover by taking extra qualifications like Pass Plus. By taking a Pass Plus test in responsible, safe driving, you could find your insurance policy reduced in price by about 30% annually.
Building up a no claims discount is one of the best ways to benefit from dramatic reductions in the price of your premiums. As a 25 year old you could have been driving for up to eight years without making a claim and if so, you could be experiencing discounts of up to 75% on your policy.
Compare Car Insurance for 25 Year Olds with Money Expert
If you want to make sure that you get the best deals on the market, you should always be shopping around online.
One of the quickest and easiest ways to do this is to use our free and impartial car insurance comparison service. Just fill in the quick form letting us know what kind of cover you’re after, and we’ll pull up a list of the best quotes available given your requirements.