Average car insurance cost in the UK 2024, by age

In the United Kingdom, younger drivers paid more on average for their car insurance than older drivers in 2024. A driver who is around 20 years old would be charged roughly 850 British pounds whereas a driver in their 30s would be charged an average rate of 639 GBP. This higher premium stems from the idea that young drivers engage in more risky driving behavior, such as drunk driving, and therefore pose a higher risk to insurance companies. 

Young drivers pay more, but also tend to have more coverage

Prices of different car insurance cover plans in the UK have increased since early 2022 and exceeded 500 British pounds in 2023. Third party, fire and theft plans overall had higher premiums than comprehensive plans. This, however, is because the basket of risks reflects the type of driver that buy such cover, which is typically young drivers.