Young drivers don’t have the most penalty points
DVLA information reveals other age groups have more penalty points.
The data, which was requested earlier this year by the Co-operative Insurance and shows a snapshot of the DVLA’s records on 2nd February 2015, shows that there are more drivers in the 26-35, 36-45 and 46-55 age brackets with 12 or more penalty points compared with drivers aged 25 and under.
|Age Group||Drivers with 12 penalty points|
4 Young Drivers did some additional research and found that of all drivers with 3, 6 or 9 penalty points respectively, the under 25s again was not the age group with the most points. See the tables below, extracted from government data at 7th March 2015.
For drivers with 3 points on their licence, males in the 46-55 age group and females in the 36-45 age group had the most points.
For drivers with 6 points on their licence, both males and females in the 36-45 age group had the most points.
For drivers with 9 points on their licence, the 36-45 age group was again the highest for both males and females.
Cost of claims affects premiums
While this is encouraging news for young drivers, on its own the data does not translate directly into cheaper insurance premiums for the youngest age group. Penalty points data is just one element on which young drivers’ insurance premiums are calculated and don’t reflect the number of accidents, injuries, fatalities and insurance claims which occur in each age group.
Data released by the Association of British Insurers (ABI) on 2nd July 2015 shows that young drivers’ claims are still more expensive than any other age group.
The average claim for an 18-20 year-old is £3,667 and £2,905 for a 21-25 year-old. By contrast, subsequent age groups’ claims become less expensive with age, though they begin to increase again gradually after the age of 65:
|Age of policyholder||Average cost of insurance claim|
The important takeaway from the data is that investment in young drivers’ training to help them drive safely and with fewer accidents is key to cheaper premiums.
4 Young Drivers has access to rates for young drivers with penalty points.
Released On 6th Jul 2015