How younger drivers can overcome high motoring costs
Car insurance costs are one of the biggest burdens young drivers face today.
Car insurance costs are typically higher for the young. But why?
Statistically younger drivers are more likely to be involved in accidents and follow that up by making a claim. Insurers count their age and lack of experience against them, leading to higher premiums.
It's easy to see why some younger drivers may have to sell their car later on, as the insurance burden takes its toll.
But there is a way to help balance those costs. Some cars are a lot cheaper than others to insure, with insurers dividing cars into 50 different car insurance groups.
Younger drivers often look at what are the cheapest cars to insure. A number of factors determine how cheap insurance will be for a specific model, such as its engine size, the estimated cost of repairs and more.
Group one cars are the cheapest cars to insure (according to official insurer organiser group Thatcham) and include the Chevrolet Spark, the Citroen C1, the Fiat Panda, the Vauxhall Corsa (1-litre hatchback) and the Volkswagen Up!.
Joining the latter are the identical Skoda Citigo and Seat Mii, which are all produced in the same factory.
The majority, as you can tell, are all smaller cars, which are highly-rated and can prove to be an impressive, economical vehicle to own in an urban environment.
There are other ways for younger drivers to battle against high insurance costs. Black box insurance, for instance, is winning a huge amount of favour with drivers and insurance providers alike.
Also known as telematics insurance, a small device is fitted to the car - completely out of view - which records information and statistics about how the driver is performing on the road.
This means that younger drivers can be rewarded for their good behaviour on the roads over time, leading to potentially lower personal policies in the long-term.
Black box insurance is highly-regarded in the industry, with a number of commentators claiming it'll prove to be the future of the industry.
Some manufacturers are also throwing their weight behind the idea. Citroen has recently released a new Citroen C1 Connexion special edition with an in-built telematics system.
The car is set to be marketed to younger drivers, with the telematics insurance feature promoted to underline how much money safe, younger drivers can save in the long-term, helping to lower insurance costs and ease the burden.