Currently young drivers are paying nearly twice (115%) to insure their cars compared to normal drivers according to uswitch.com, in some cases young drivers are prevented from getting cover all together.

The new Equities Bill being introduced by the government could mean that younger drivers are able to get a equal price compared with their elder counterparts. Although this means that younger drivers could be getting a fairer deal, it could have far reaching implications for many other drivers.

Young drivers (17-25) account for just 7% of the car insurance market, they do account for 16% of motoring offences with 34% of under 21 accounting for dangerous driving offences. This combined with the fact that male drivers are 10 times more likely to but involved in a car accident.

These stats mean that when the new Equities Bill is introduced insurances may have to push up the cost of insurance across all age ranges.  In essence this could mean that lower risk drivers could be paying more to subsidise the younger higher risk drivers.