Young drivers are driving less and now running costs are at a six-year low

dailyrecord.co.uk:

young drivers has plummeted by £536 year-on-year, primarily driven by lower fuel and insurance costs, according to comparethemarket.com ’s latest Young Drivers research.

On average, a 17 to 24-year-old driver will now pay £1,737 to run a car in the first year – the lowest annual running cost since this research began six years ago.The cost of driving had been rising in recent years, almost to the point where it would be unaffordable for many young people.

But since the start of the pandemic, the declining cost of insurance and fuel has eradicated the increases seen in previous years, according to the research, which analyses the cost of insurance, fuel, road tax, and breakdown cover.