In the 80s and 90s the average young driver paid less than a quarter of what their child is likely to pay today for their first insurance policy. Today young drivers will pay around £1346
for an annual insurance policy – their parents paid on average just shy of £300!³
Now that is a big price difference. Buying insurance in the 80s and 90s was very different to how it is today. Back then, you would have to call insurance companies direct by phone for a quote or head to the high-street and get insurance quotes from brokers in person. Often you would need to pay your insurance in full there and then, and only a few would allow you to pay in instalments. These days, we all know how easy it is to get insurance cover. Comparison sites, monthly payments, auto renewals and black boxes
to help develop driving skills. All of these make it more flexible and easier than ever for young drivers to get on the road.