Churchill car insurance cheapest for young drivers

First-time drivers and young drivers risk spending up to £1,500 more than they need to on car insurance if they don’t shop around for the best car cover quote.

Everyinvestor compared car insurance quotes at six of the main insurers for a seventeen year old male, and found a massive difference between premiums even though the car cover offered was almost identical.

Churchill car insurance was the cheapest young driver cover around at £2,706, while the Post Office came in last with an eye-watering £4,168 premium.

Fewer companies now provide car insurance for young people

It’s no secret that young drivers are considered the most dangerous demographic, and as a result the car insurance premiums they – or their parents - are forced to pay are nothing short of astronomical.

And drivers looking for the most competitive deal are further hampered by the fact that many insurers are refusing outright to insure younger drivers - More Than, Swiftcover, Axa, Marks & Spencer and Saga all refused to even quote us for cover.

The reason, insurers claim, is that insuring them is simply too costly to be worthwhile.

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Make sure you shop around

But even though the pool of potential car insurers is smaller, it doesn’t mean you should simply choose the first provider that is willing to cover you.

Not only are the prices massively different (as the table shows), but no one provider is cheaper than all others for all customers. This is because each insurer identifies a specific type of customer they want to attract and reserve their cheapest prices for that demographic.

And finally, once you do find the cheapest provider for you, make sure you don’t simply stick with them when it comes time to renew. This is because insurers offer no incentives for loyalty, using their best deals to attract new customers.

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