25 May 2016
Young drivers make more insurance claims than their older, more experienced counterparts, an analysis of RACV insurance vehicle collision claims shows.
RACV, Victoria’s largest vehicle insurer, found that between March 2015 and February 2016, insurance policy holders aged 18 had a claims frequency that was considerably higher than that of those double their age.
RACV General Manager Insurance, Paul Northey said it was not about pointing the finger at younger drivers, but rather highlighting the need for taking care on the road.
“First and foremost, we want young drivers to be safe and make smart decisions when driving to avoid the most tragic circumstances of being seriously injured or even killed,” he said.
“Those of us who are a bit older also need to be patient with probationary drivers – we were all young once and we need to make sure that young drivers can continue to develop their skills safely on the road.
“As well as concentrating on their own driving, all motorists need to anticipate the actions of others while on the road. Our claims data over the last 5 years shows that the other party was at fault in close to a third of collision claims.”
Mr Northey said research shows that young drivers are most at risk as soon as they obtain a probationary licence.
“In the first year of driving, their risk of crashing is three times higher than an experienced driver,” he said.
Mr Northey suggested young motorists protect themselves by taking out comprehensive insurance cover.
“Young people are often working hard and enjoy spending their hard-earned cash on an active social life – we don’t want to see them miss out on that by having to pay for costly repairs to their vehicle or for any damage caused to other vehicles or property.”
RACV advocates on road safety issues on behalf of all road users. RACV is also involved in keys2drive, an Australia-wide education program designed to make newly licensed drivers safer on the road by providing a free one-hour driving lesson to all learner drivers and their supervisor.
Media inquiries: Liselotte Geary, RACV Public Affairs, on (03) 9790 2717 or 0410 080 746.
RACV Motor Insurance is issued by Insurance Manufacturers of Australia Pty Limited ABN 93 004 208 084 AFS Licence No. 227678. This is general advice only so before making any decisions, please consider your own circumstances and the Product Disclosure Statement before buying. For a copy call 13RACV (13 7228).
 Young Drivers Licencing research report (2005). Royal Automobile Club of Victoria.