The vast majority of new motorists on the roads these days are young drivers who have just passed their tests and they are incredibly important as far as car insurance companies are concerned as they account for a huge amount of their annual income and monthly profit.

There are two common options available to the young driver who is in need of car insurance cover and these will depend on whether or not they own their own vehicle. If you don't have your own car and you use a vehicle belonging to your parents then the easiest solution is to get yourself included as a named driver on their existing policy for an added fee. However, if you are in possession of your own vehicle and you want to insure it in your own name then you will need to prepare yourself for a considerably expensive venture.

The main reason that car insurance premiums are so high first time drivers is the fact that because young motorists are less experienced on the roads, they tend to make a lot more mistakes than older drivers which inevitably means they are more likely to make claims on their car insurance policies. This is ultimately reflected in the cost of their premiums and is the precise reason why someone who has been driving for a good number of years will inevitably have to pay a lot less on their insurance although this will also depend on their motoring history.

If you are a young driver and you've ever searched for a cheap online car insurance quote then you will undoubtedly realise at once that the odds are seemingly stacked against you, although this has always been the norm. Not only do the statistics show that young drivers cause more accidents on the road, they also show that they are also more prone to other misfortunate events such as incurring loss through theft, fire and vandalism.

Fortunately, there is a light at the end of the tunnel and as you mature you will soon start to notice that the cost of your car insurance premiums will soon start to ease. For example, the cost of insurance that a twenty-one year old male driver will find himself having to pay will typically be up to fifty percent cheaper than the cost of an insurance policy belonging to an eighteen year old male driver. This saving roughly equates to around £1,600 per year depending on your chosen insurance provider.

However, owing to the fact that different car insurance companies may calculate perceived risk factors quite differently, the premiums that a young driver will be expected to pay can vary substantially and for this reason it is always well worthwhile shopping around for a better deal, particularly by using a car insurance comparison website as this could save you a lot of time and money both in the short and the long term.