When the average car insurance contract is more than 600 euros per year in France, that of a young driver between 18 and 25 years old reaches the sum of 1255 euros, or more than 100 euros per month, on average. To try to reduce the bill, options exist. We’ll explain it to you.
And you? Did you get it the first time? According to a Road Safety study, 56.84% of applicants for pink paper obtained a driving license last year. This represents just over 500,000 new drivers out of 896,539 candidates. But young people go through accompanied driving obtain a higher success rate (74.7%). Since 1990, this system has allowed early learning to drive, from the age of 16, with their parents in the right seat, after spending a few hours at a driving school and validating the code exam. This training allows you to acquire better experience to take the practical test in more peaceful conditions, praised by Road Safety. But that’s not the only advantage of accompanied driving.
If the young driver imagines that the hardest part is over with the license test, it is because he has not yet looked at the price of car insurance. If the average contract price is 630 euros per year, according to the Assurland comparator, young drivers pay the high price. Less experienced, they are more likely to be involved in an accident. Insurers therefore apply an additional premium of 100% in the first year, which explains the particularly high cost of their insurance, explains MoneyVox Olivier Moustacakis, co-founder of the website.
Insurers apply an additional premium of 100% in the first year
Traditional insurance companies don’t know young drivers so they overwhelm in terms of price, regrets Benjamin Gaignault, co-founder of Ornikar, number 1 in France for code and driving trainers, who offers, under conditions, his own insurance starting from 9 euros . Yet, 25% of 18-25 year olds reported between 1 and 5 claims over the last 3 years, or seven points more than 56-65 year olds. The sanction is immediate at the time of checkout.
According to Assurland, 18-25 year olds pay 1255 euros on average per year, an amount increasing by 18% in 2023, to insure their vehicle. This is because they represent a greater risk in addition to the soaring cost of spare parts and repairs. To reduce costs, in addition to increasing the chances of passing the permit, accompanied driving is a good option to benefit from a discount.
The reduction in the insurers’ premium is faster for young drivers who have driven accompanied because, according to the figures, they then have 4 to 5 times less risk of being involved in an accident, recalls Olivier Moustacakis. The level of additional premiums is 100, 50 and 25% without driving during the first three years of driving and 50, 25 and 12.5% if you have learned to drive for two years.
Clearly, if an experienced driver pays 100 euros, the young driver’s car insurance reaches 200 euros the first year without accompanied driving and 150 euros with learning from the age of 16.
A faster reduction in deductions
So much for the theory. For practice, thanks to the MoneyVox Market Intelligence tool, which analyzes the database of the broker Meilleurtaux, we have deciphers thousands of quotes issued since the start of the year. As a result, the new driver of a Clio or a 206, aged 18 to 25, will pay, in all risks, 2067 euros per year compared to 1725 euros if he has covered the 2000 kilometers required by accompanied driving.
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A difference of more than 300 euros which is found in the third and tense third (theft and fire included): respectively 1124 euros against 991 euros and 1301 euros against 1116 euros. Prices, by the way, are all increasing, between 2022 and 2023 when increases of 3 to 5% on average are planned for next year. At MoneyVox, Maif explains that it grants a 5% reduction on the contribution to all those who have carried out accompanied driving. A significant advantage, especially since this device generally does not cost more for parents who become driving instructors. A warranty extension is enough, without an increase in the premium.
What Maif MoneyVox confirms: We strongly encourage learning to drive accompanied because it influences the quality of driving for young drivers. (…) The children of our members can learn at the wheel of the Maif insured car, without additional contributions or increased excess in the event of an accident.
Apply for family insurance, compare contracts
More broadly, young drivers are advised, once their license has been obtained, to contact their parents’ car insurer as a priority. In addition to simplifying the process, this choice can allow you to benefit from pricing advantages. Reductions of up to 10% can be added to the accompanying driving promotion, for example. For others, in addition to the level of protection (all risks, third party +, third party, etc.), find out about contracts where you pay according to the number of kilometers traveled or those, not very common in France, where the style of Cautious driving is rewarded in exchange for control of practices, sometimes considered intrusive.
Those who drive less than 600 or 700 km per month are very likely paying far too much for their insurance. With the ‘small wheeler’ offer, they will spend between 8 and 25% less on average, explains Christophe Dandois, CEO of Leocare no insurance. That is the equivalent of approximately 150 to 250 euros over one year.