How much it really costs to put a young driver on the road
Back in 2012, it was announced that it was costing young drivers more than £5,000 to actually get on the road, with the car being the cheapest part of the whole process. Thankfully, I was quite lucky. It cost me £1,000 for intensive lessons, £900 for a car and then £950 for my car insurance. Road tax was less than £100 a year and my MOT was covered for the first year. Still, when you are paying it all yourself it is expensive (even when the total amounts to less than £3000). However, it turns out that four years later it is still just as expensive to get a young driver on the road. Comparethemarket.com conducted a study and found that young drivers were being burdened with insurance costs that were almost half the cost of the vehicle they had purchased or were looking to purchase. So how can you make it less of a financial burden to get on the road? Consider a telematics box Most insurers now will automatically offer a ‘black box’ to younger drivers before they can get car insurance wi...