The real cost of learning to drive
Marmalade reveals the true amount parents need to consider to get their children on the road
With learning to drive identified to be the top coming-of-age moment for UK teenagers by National Citizen Service (NCS), Marmalade – the leading provider of cars and insurance for young drivers – has conducted research which highlights, despite reports claiming young people are being priced off the road, learning to drive is achievable and affordable if parents start saving early.
Marmalade has revealed the potential financial investment to take a young person from novice to fully-qualified is £1,625, which amounts to £95 per annum (around £8 per month) from when a child is born until they reach the legal driving age of 17 years-old.
Crispin Moger, CEO for Marmalade comments: “There is a huge pressure on parents to save funds for their children’s future, for example, university fees, weddings and so on. Very rarely do we see parents considering the full cost of learning to drive until about two to three years before the milestone hits, which then becomes a massive financial blow.
“Driving is a massive milestone on a young person’s journey to independence so it is extremely important to be realistic about the financial impact learning to drive, safely and with the necessary support, has. If a learner driver is unable to fully invest then lessons can become sporadic and ultimately devalued, meaning it will take longer and ultimately cost more to fully pick up the new skill.”
Last year it was reported that a number of teenagers are not learning to drive with new figures showing that the number has fallen 28% in a decade. Experts put the decline down to the rising cost of university, as the trend towards fewer sixth formers learning to drive coincides with tuition fees rising to £9,000 a year.
Crispin concludes: “Learning to drive is, of course, going to cost money, so our advice to parents is to be realistic and start saving as early on as possible to prevent any financial burden. If prepared, learning to drive can be cheaper than a monthly takeaway or round of drinks.
“Of course, if parents wish to help their young driver with the purchase of their own reliable car in the first year, insurance and all the legalities such as tax and MOT, then increasing this to around £35** amount a month from birth could cover these costs too.
“We want to empower young people on their road to independence which is why we offer alternatives to combat the initial outlay by offering plans such as 12-months free insurance, low deposits on brand new cars, and a range of insurance options for before and after their driving test”
To find out more about Marmalade go to https://www.wearemarmalade.co.uk/