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Young adults ‘face mounting driving costs’

A significant proportion of young adults across the UK are suffering from affordability issues when it comes to learning to driving costs and owning their own car.

Research carried out by has revealed 35 per cent of non-drivers aged between 17 and 25 feel that taking to the roads has simply become too expensive in recent years.

Overall, 32 per cent of respondents said the main reason they do not drive is that they believe it is cheaper to utilise public transport, but 22 per cent of this group admitted to a sense of being ‘trapped at home’ as a result of not having their own transport.

Moreover, 18 per cent of young motorists admitted to turning to their parents for financial support in order to keep their vehicle on the roads, while 15 per cent of individuals aged 17 to 25 currently hold a full driving licence but cannot afford to own a car themselves.

On average, drivers in this age group spend more than £1,800 a year on keeping their vehicle roadworthy, taxed and insured, with 80 per cent of young drivers spending more than 30 per cent of their annual income in this area.

The figures also revealed that 39 per cent of young motorists spend over £2,000 a year on their vehicle, while the accumulated costs involved in securing a driving licence – lessons, the licence itself and tests fees – currently stands at around £1,300.

In response to the research, chief operating officer Lee Griffin commented: “Learning to drive and owning your own car used to be something of a rite of passage for young adults but now it seems that many are just finding it too expensive.”

This is where the expert team at GSI Insurance Services (Southern) Limited could come to the rescue, as we pride ourselves on finding the best deals on insurance for young motorists and helping drivers to save money.

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