Young driver financial squeeze

Young motorists could be forced off the roads by rising car costs, a survey has found. In an Auto Trader poll, drivers said they feared the cost of motoring could double to as much as £4,580 a year over the next 10 years.

Young drivers 'statistically' the more dangerous driver

A survey has found that young motorists could be forced off the roads by rising car costs.

James Dalton from the Association of British Insurers said young drivers face high insurance costs, because statistically they are the more dangerous driver.

Speaking to Daybreak he said: "Young people kill and injure themselves much more frequently than older people and that's the simple reality of pricing an insurance risk."

Read: Young drivers could be forced off the roads from car costs

Younger generation most at risk of financial 'squeeze'

Faced with limited personal finances, a crippling rate of youth unemployment and consistent price hikes to the cost of motoring, the younger generation are most at risk as Britain continues to feel the financial squeeze.

However, with all the technological advancements and trials currently under way, there is hope for the future of young drivers as our passion for the open road is reignited by a new era of motoring.

– Auto Trader group director Nathan Coe

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Motorists: Government not doing enough for road users

Research published today has shown that young drivers could be forced off the roads due to rising driving costs.

The report also found:

  • Just over 70 per cent of those polled thought it would be extremely difficult for young people to buy a car in the future
  • More than half of 17-24 year olds believed there would be a decrease in the number of young people learning to drive over the next decade
  • Nearly three quarters of females polled who had been driving for more than five years believed they could not afford to be a first-time driver today
  • Around half of all those surveyed thought they would be forced to reduce the amount they drove
  • The poll also showed that over the next 10 years car-sharing was likely to increase, while nearly everyone felt the Government was not doing enough to support future road users

Source: Auto Trader

Young drivers could be forced off roads by car costs

Young motorists could be forced off the roads by rising car costs, a survey has found.

In an Auto Trader poll, drivers said they feared the cost of motoring could double to as much as £4,580 a year over the next 10 years.

Forced off the roads by rising driving costs? Credit: PA/PA Wire

More than two thirds of people said it would be extremely difficult for young people to buy a car in the future, with over half the people surveyed, suggesting there would be a decrease in the number of people learning to drive.