Third party liability insurance – young drivers pay five times more than experienced drivers

Last year, every fifth accident was caused by drivers aged 18 to 24. Insurance companies remember this, so young car owners pay a lot of money for compulsory civil liability insurance, like for grain.

Police statistics show that for many years the greatest threat on Polish roads has been posed by young drivers between the ages of 18 and 24. In 2012, they caused 6 accidents, i.e. 526%. all events. This means that for every 21 10 as many as 17,3 accidents involving the youngest drivers.

See also: Freshly baked driver under special supervision. Green leaves will return 

This is much more than in other groups of those responsible for the accident. For comparison, in the age group of 25-39 years, the same risk indicator reaches 11 accidents, and among drivers of 40-59 years old, only 7,2. The potential for damage by inexperienced drivers is high, with financial implications.

– Insurers are required to calculate premiums based on statistics, and this clearly indicates a disadvantageous position for drivers aged 18-24. As a result, every person in this age group pays more, regardless of whether they caused the accident or not, explains Przemysław Grabowski of CUK Ubezpieczenia, an insurance broker.

Even though novice drivers pay more for liability insurance, insurers do not have a fixed pricing rule. In practice, this means that some companies are more willing to insure people with little driving experience.

See also: Drivers without experience and their most common mistakes - what to look for 

– You can find companies for which the young age of the driver is not a serious problem, and for other insurers, the increase ranges from 30 to even 75 percent of the base premium price. As a result, each company has a completely different price, sometimes even several hundred or several thousand zlotys higher than competitors. Before buying third party liability insurance, the car owner should remember to compare different offers and choose the cheapest one, says Przemysław Grabowski.

CUK Ubezpieczenia's calculations show that a 19-year-old resident of Warsaw who drives a six-year-old Toyota Corolla will pay at least PLN 2 for the first liability insurance in one of the companies. In turn, the other company will offer the same driver third party liability insurance in the amount of PLN 184 5, that is, PLN 349 3 more. 

Importantly, prices are formed in this way, regardless of the city in which the car is registered. 

See also: Attention! You will receive a non-liability fine even if the car is not running 

To see how much novice motorists pay, just look at the prices of the 39-year-old, also from Warsaw, who has been buying liability insurance for 10 years, has never been injured and drives the same Toyota Corolla as the 443-year-old. years old. Such a driver will find a policy even for PLN XNUMX. This is almost five times cheaper than the lowest price for a XNUMX-year-old driver.

– Being aware of the existence of such price ranges is important because in the case of a third party liability insurance policy, the price is the most important. The scope of protection, however, is of secondary importance, it is regulated by law, and each insurer provides customers with the same protection, adds Przemysław Grabowski. 

MMI based on information provided by CUK Ubezpieczenia

photo: OWENthatsmyname / flickr.com licensed under CC BY 2.0 

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