What should determine your car insurance?

[McGherkin]

I think insurance is fairly reasonable for young drivers.

I pay £1800 fully comp on my car. In the first year of driving, 1 in 5 drivers will have a crash.

So let's have a hypothetical crash. Both cars are written off, other driver has got the usual whiplash injury. My car's value is listed as £1500, other car is, say, a £8000 Mondeo.

So the insurer has to pay for:
£1500 (My car)
£8000 (Their car)
£4000 (Whiplash)

Total Cost:
£13,500

The total premium for every 5 young drivers paying £1800 is less than the cost of one of them having a crash. Still think this is unfair?

If you've got points on your license, you're more likely to become that 1 in 5, and if you've had a crash, you are that 1 in 5.