Wednesday 16th September 2009
Be Wiser Insurance

Young Drivers Continue to Pay the Price for ‘Boy Racers’

Young drivers’ are being severely punished for the actions of a few law breaking motorists, dubbed by many as ‘Boy Racers’.

It has been revealed that younger motorists are among the most dangerous on the UK roads - a fact that insurers take into account when setting premium prices.

Research into the boy racer phenomenon has shown that over half of all young British motorists have driven after taking drugs or consuming alcohol, with males coming out as the most likely offenders.

Unfortunately for law-abiding younger drivers, this situation is being reflected in recent insurance price trends, with figures showing that younger motorists suffered an 11.5% increase in the cost of their premiums over the past 12 months alone, far above the inflation rate of 3.1% for the same period.

This means that the average cost of insurance for drivers under the age of 25 now stands at a massive £1,537 a year, a price likely to produce growing numbers of youngsters hanging up their keys and bemoaning the actions of their irresponsible peers.

It’s not all bad news though, as many insurers are looking beyond the actions of the reckless few and are offering discounted prices for young drivers who have taken the time and effort to complete the Pass Plus test. Insurers also look for young drivers who own smaller, unmodified cars and pass the benefits of lower premiums on to them too.

These steps are only going to become even more essential to take as the number of convictions for drink and drug driving grows. As the insurance industry, as with most other sectors of the UK economy, look to generate funds where it can to stave off the effects of the global economic downturn, it appears that the Boy Racers will continue to be heavily punished.

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