Young Drivers and Gap Insurance
If you are a young or inexperienced driver then you may have suffered with the frustration of trying to get a motor insurance policy
at a reasonable premium. For many years it seems that in the first few years of your driving life that you suffer with huge premium prices just in order to use a vehicle on the roads.
Young drivers and motor insurance
You may often question is this justified? Well in fairness the statistics do indicate there is some correlation between driving age and experience and accident rate. Some facts from the Royal Society for the Prevention of Accidents
Over 3,000 car drivers under 25 are killed or seriously injured each year.
1 in 5 drivers have a crash in their first year on the roads.
A third of male drivers under 20 will have a crash in the first two years after passing their test.
18 year-old drivers are more than three times more likely to be involved in an accident than a motorist approaching 50.
New male drivers are more statistically more likely to have an accident and more likely to commit driving offences than their female counterparts.
So it may be fair to say that there is good reason why motor insurers do view younger drivers as a higher risk, and demand higher premiums accordingly.
How does the same thinking follow with a Gap Insurance policy for a young driver?
Actually no, the rules regarding Gap Insurance are actually quite different. The risk is not judged necessarily on the polciyholders vehicle type, location or indeed driving experience or age. Instead the Gap protection
is based on the purchase price of the vehicle, and this means that younger drivers get as much 'value' for the protection as everyone else.
Indeed the fact that Gap Insurance is not any more expensive for younger drivers may make it worth even more consideration when you consider the chances of this age group having an accident. Also when you consider that a young driver may pay thousands of pounds to protect the market value of the vehicle then perhaps a Gap Insurance 'top up' of the equivalent of £30 per year may be even better value for complete cover.
So you will be pleased to know that if you are a new driver then a GapInsurance123 Gap Insurance
policy will not come at a premium for you!