This is a guest blog written by Steph Savill, Founder of FOXY Lady Drivers Club.
According to a new study by HonestJohn.co.uk some 100,000 17-year olds have given up on the idea of learning to drive since 2007. So much so that the number of people aged 17-25 taking the driving test has fallen by some 250,000.
I’m not at all surprised. Unless you come from rich parents who can afford to drive coupled with the costs of any University fees or bills if you wanted to live independently, away from home.
The cost of learning to drive
Let’s look at the costs of learning to drive. If we imagine this process would straddle a minimum of some three months and require an average of some forty seven hours of driving tuition (Driving Standards Agency recommendation*) then we’re looking at costs of
Provisional licence – £34 (online payment)
47 lessons at £24* – £1128
Provisional insurance @ £80 per month (to drive Dad or Mum’s car for practice) – £240
20 hours of Dad/Mum’s time/stress – FREE of charge, with love
Test costs – £100 (evening/weekends)
Total c£1500 assuming you pass your test first time.
Whereas if you need to take your test again – add the following…
Provisional insurance for an extra month – £80
Five more lessons – £120
Driving test – £75
Second time around subtotal = £275
Bringing the ‘second time around’ GRAND TOTAL for many to £1775 and that’s before the MEGA costs of buying and insuring your first car kick in.
Buying and insuring your first car
Congratulations. You’ve passed your driving test so all you need now is insurance and a car? Hang on a minute…
Let’s assume you don’t have parents to pay for all this, so how much will this cost the average young motorist?
The biggest element for most is the cost of car insurance. High because of these statistical facts re British drivers supplied by road safety experts Brake.
- Drivers aged 16-19 are a third more likely to die in a crash than drivers aged 40-49
- One in four 18-24 year olds (23%) crash within two years of passing their driving test
- Young male drivers are involved in many more crashes than young female drivers
So the cost of car insurance will likely be £2232** suggests GoCompare.com.
And her first car could cost anything upwards from a £500 banger (in various states of repair) plus VED (say £140 pa) and fuel bills of some £20 a week…
No wonder today’s young drivers (facing £50k Uni debt, poorly paid job prospects, prohibitive housing costs and environmental concerns remember) choose to live in towns with affordable transport systems and where the car is demonised for pollution reasons rather than opting to drive and increase their debt.
This is an area where insurers WILL lose out on lifetime motor premiums unless they actively encourage their future audience onto the roads at a young age. If they fail to attract them then, there can be no guarantee that today’s under 25s will feel the need to drive into the future.
Just think of the economic effect upon the automotive industry and motoring related suppliers if they get used to living without our services?
**Why not register for an insurance quote with FOXY Lady Insurance now?
Can we help you with provisional driver insurance cover – find out here.
Make sure you know how else the UK’s only motoring club for women drivers, FOXY Lady Drivers Club, can help young drivers on a budget run safer cars in future. If you are the new driver or it’s for your daughter or granddaughter – here’s how to join us for your/her future peace of mind.