# Feeling the Squeeze Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-08-10 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: Research Reveals Parents Pay £22 Billion to Get Kids Driving Meta Description: Research shows parents in the UK are paying over £22 billion for their kids' driving costs every year. Find tips and advice for young drivers at Trusted URL: https://financedigest.com/feeling-the-squeezehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/img6388-47-1-1736844609879-compressed.jpg) Research reveals parents collectively paying out £22 billion to get their kids on the road New research has revealed that across the UK, parents are collectively paying out more than £22 billion in costs just to get their kids on the road\*. A survey of 1,000 parents carried out by leading car websiteNFDA [Trusted](https://www.financedigest.com/trustonic-device-security-platform-achieves-worlds-first-security-certification-from-common-criteria.html) Dealersfound that parents are struggling to keep up with the spiralling [cost](https://www.financedigest.com/french-retailers-e-leclerc-and-carrefour-say-they-will-sell-fuel-at-cost.html) of getting their children motoring, as insurance prices for young drivers have increased by 13 per cent on last year\*\*. More than half of parents (56.4%) revealed they have installed a company ‘black box’ or dashboard camerain an effort to reduce their child’s insurance costs. One in five (22.1%) have also agreed to a high excess to reduce costs, while 40 per cent of [parents have put their names on their child’s insurance policy](https://www.financedigest.com/impact-com-announces-new-global-parental-leave-policy.html "impact.com announces new global parental leave policy") to lower payments. Learning to drive now costs the average new driver around £7,000, with [insurance and the cost of a car](https://www.financedigest.com/things-you-do-that-increase-your-car-insurance.html "Things You Do That Increase Your Car Insurance") making up the majority of the total\*\*\* and the Bank of Mum and Dad are picking up much of the [cost](https://www.financedigest.com/french-retailers-e-leclerc-and-carrefour-say-they-will-sell-fuel-at-cost.html) for young motorists, with more than three quarters (75%) saying they paid for their child’s driving lessons. One third of parents (30%) also helped their [child with a deposit for a car](https://www.financedigest.com/rising-concerns-towards-safety-of-child-are-expected-to-drive-demand-for-baby-car-seat-market.html "Rising Concerns Towards Safety Of Child Are Expected To Drive Demand For Baby Car Seat Market") andmore than half (54%) of parents revealed they pay out for regular maintenance checks, car accessories and cleaning. In addition to helping out with the cost of [insuring and maintaining a car](https://www.financedigest.com/electric-car-insurance-your-questions-answered.html "Electric car insurance: your questions answered"), more than three quarters of parents (77.1%) also help their children buy their first car, with one in five parents (18%) prepared to cough up to buy their child a brand new motor. Parents in the West Midlands and London are most likely to splash out and buy their child a new car outright (25%), while parents in Scotland are the most frugal, choosing to buy a used car instead (50%). Neil Addley, Managing Director of NFDA [Trusted](https://www.financedigest.com/trustonic-device-security-platform-achieves-worlds-first-security-certification-from-common-criteria.html) Dealers, said: “The survey findings show that each year the [costs](https://www.financedigest.com/french-retailers-e-leclerc-and-carrefour-say-they-will-sell-fuel-at-cost.html) associated with learning to [drive rises](https://www.financedigest.com/eyewear-market-rising-demand-or-trendy-and-fashionable-eyewear-drive-potential.html "Eyewear Market – Rising Demand Or Trendy And Fashionable Eyewear Drive Potential "), putting a strain not only on learners, but also on the Bank of Mum and Dad. Increasing prices [means there is often a temptation to scrimp on some things](https://www.financedigest.com/the-bank-of-things-bot-has-arrived-but-what-does-it-mean-for-banks-2.html "The Bank of Things (BoT) Has Arrived: But What Does It Mean for Banks?"), such as the quality of the car, but this can lead to high running costs, leaving you out of pocket in the longterm. “Trusted Dealers is committed to helping young motorists get on the road and all our listings are competitively [priced and adhere to a unique set](https://www.financedigest.com/oil-prices-set-for-weekly-fall-on-stockpile-releases.html "Oil prices set for weekly fall on stockpile releases") of standards, our10 Points of Difference. These [safeguards ensure that you get the best quality](https://www.financedigest.com/smart-becomes-the-first-ssp-to-collaborate-with-white-bullet-to-safeguard-quality-in-the-digital-media-landscape.html "Smart becomes the first SSP to collaborate with White Bullet to safeguard quality in the digital media landscape") usedvehicle for your kids, at a good price.” “With more and more parents stepping in to help get their children motoring, we have also developed a dedicated section on our site (http://www.trusteddealers.co.uk/category/testing-times/) which is filled with tips and advice from buying your first car, to the best cars for students.” Trusted Dealers is part of the National Franchised Dealer Association (NFDA), the UK’s [leading retail motor industry](https://www.financedigest.com/virtual-cards-will-help-lead-the-travel-industry-into-a-post-pandemic-boom.html "Virtual cards will help lead the travel industry into a post-pandemic boom") body. The site, which lists cars from the country’s top dealerships, offers complete peace of mind for those buying a used [car online](https://www.financedigest.com/adnami-continues-its-european-expansion-by-introducing-new-partnership-with-largest-pan-european-online-car-market-autoscout24.html "Adnami continues its European expansion by introducing new partnership with largest pan-European online car market AutoScout24"). For more information, visit www.trusteddealers.co.uk --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---