The impact of age and driving experience on your car Insurance premium

Young drivers: Higher risk, higher premiums

If you’re a young driver, especially under 25, you are considered highrisk by insurers. Statistically, younger drivers are more likely to be involved in accidents due to inexperience, overconfidence, and sometimes riskier behavior. This leads to higher insurance premiums. However, there are ways to reduce costs:

• Take a defensive driving course: Completing an accredited driving course can demonstrate responsibility and reduce your premium.
• Drive a safe, low-powered vehicle: Cars with smaller engines and strong safety features often have lower insurance costs.
• Build a no-claims record: The longer you drive without claims, the lower your premium will be over time.

 Middle-aged drivers: The sweet spot

‍Between the ages of 30 and 60, drivers typically benefit from the lowest insurance rates. At this stage, you have gained enough experience and are statistically less likely to make costly claims. However, your premium can still fluctuate depending on factors such as: 

• Your  driving record: A clean record with no accidents or traffic violations leads to lower costs.
• Vehicle type and usage: Luxury cars, high-mileage driving, or business use can still raise your premium.
• Additional safety features: Installing anti-theft devices or advanced safety systems can qualify you for discounts.

 Senior Drivers: premiums may rise again As drivers reach their 70s and beyond, premiums may start to increase again. Reaction times may slow, and insurers see older drivers as a higher risk group.