The overall cost of getting on the road has dropped from £6,846 in 2019 to £5,703 in 2021.
A new report out today from GoCompare Car Insurance has revealed that the cost of getting a young driver on the road has fallen to a three-year low of £5,703, down from £6,071.00 in 2020 and £6,846 in 2019, representing a 20% fall over three years.
The combined cost of a new motorist learning to drive, buying, taxing and then insuring their first car has fallen significantly, with a large percentage of the drop being attributed to young drivers spending less on buying their first car (£3,388.00 compared to £4,276.00 in 2018).
Driving lessons now represent almost a quarter (24%) of the cost to get on the road, with an average spend of £1,350 needed to pass a driving test. And additional research commissioned by GoCompare has revealed that a further 34% of parents believe they have paid more for driving lessons because of the pandemic.
The report also reveals that the average cost of car insurance for a new driver is now at £759, according to quote data from GoCompare. This now accounts for 13% of the overall “new driver” costs, which is a drop from previous years, where car insurance accounted for almost a quarter of the cost.
But despite a fall in the average the cost of insurance premiums, it remains the biggest concern for parents when it comes to their child getting on the road. According to the survey, which interviewed over 1000 parents of children who had either learnt to drive, or were learning to drive, 67% said the cost of insurance was their top concern, above safety concerns (58%).
The costs of getting on the road in 2021 are as follows:
Average spent on first car £3,388
VED first year £70
First year insurance £759
Provisional licence £34
Driving lessons £1,350
Theory and practical tests £85
Licence application £17
Total to get on the road £5,703