While it is common knowledge that young driver car insurance is some of the most expensive around, it has recently been exposed that some quotes can be as high as £90,000.
Insurance companies are claiming that a majority of these extremely high quotes are down to an error in their computer systems. Nevertheless, even considering system errors, these reported mistakes have highlighted how expensive car insurance quotes are becoming for new drivers.
Insurance companies do not simply decide on young drivers' high car insurance premiums to be vindictive – unfortunately statistics show that new drivers are the most reckless on the road.
An insurance company has released figures which show that one out of every five new drivers has been involved in a serious accident within their first year of being behind the wheel.
Male drivers are typically seen as the most reckless young drivers, as figures show that male drivers under the age of 21 are ten times more likely to have an accident than those over 35 years of age.
There are solutions being introduced to those young drivers who are responsible and feel that they should not have to pay excessively high insurance premiums.
Some companies, such as Hoot, are advertising insurance using telematics technology which could decrease young driver insurance costs by rewarding safe driving.