Earlier the children used to borrow the cars of their parents if they wished to go out. The trend is fading away and more young drivers are getting their own cars at a smaller age. A survey has revealed that in the age group of 18-24, over two third children already had their car before their teenage ended. But the people who are in the age group of 65 and above, the figures were only 28%.
Out of the total people surveyed, 50% of the men told that they had their first car before they crossed the age of 20 years. The figures when compared to the women are much higher. There were 38% of women who had their first car before they crossed 20. It is surprising to know that some of the children got their cars before they even turned 17, which is the legal driving age. The figures show that in spite of the meltdown in the economy, people need cars and this means more insurance takers from the car insurance supermarket.
There are things that have not changed and that is the price they have to spend on their first car. Most of the people drove vehicles that were more than seven years old. The figure for this comes up to be 61% and just 65 of the total got new cars to drive. The first premium for the car may be too expensive and it is sometimes more than the worth of the car itself.
The cars are powerful than the younger drivers and this is the reason why they have to pay more premiums. It has been seen that 205 percent of the people have accidents in the first year of their driving. This increases the insurance premium as the young people are more prone to the accidents.
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