More than a third of young drivers are given their first car as a gift, according to a new survey.
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Tesco Compare said 68% of young motorists now have their own car by the age of 19 – an average of six years earlier than their parents’ generation – and that first-time drivers have higher expectations about the cars they own.
While their parents had to put up with old bangers, more than two thirds of today’s first-time drivers own respectable superminis such as the , and Renault Clio.
Young drivers were also found to keep their first car for an average of just two years before trading up to a better model. And of the 2,078 people questioned by Tesco Compare, 11% already drive larger cars like the and .
An average of £2,470 is now spent on first cars – an amount that is likely to buy youngsters something impressive, given today’s low car prices.
Car insurance premiums
A spokesperson for Tesco Compare said: ‘Clearly young drivers are lucky to own cars at a younger age and [be] driving something more modern and reliable. But when it comes to car insurance premiums, if they don’t shop around for their car insurance, their luck can often run out’.
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