Fixed price Car Insurance as incentive for Teenagers

High School Children should be able to 'earn' reasonably priced basic car Insurance by being law abiding up to age 18. They may, say, earn by dint of thier good behavior, a couple of driving lessons a year if they succeed in gaining a 'clean sheet' that year. The lessons can be redeemed as a reward when the child gains thier learners licence.

If a young person keeps a completely clean record up to age 18 they would be entitled to basic third party Car Insurance (for a low power vehicle) at a reasonable fixed cost – say £500pa.

The Insurance would be cancelled immediately for any driving infringement (ie speeding).

I believe this could save insurers many millions in the long term as there wouldn't be as much call on the uninsured driver fund.

Why is this idea important?

High School Children should be able to 'earn' reasonably priced basic car Insurance by being law abiding up to age 18. They may, say, earn by dint of thier good behavior, a couple of driving lessons a year if they succeed in gaining a 'clean sheet' that year. The lessons can be redeemed as a reward when the child gains thier learners licence.

If a young person keeps a completely clean record up to age 18 they would be entitled to basic third party Car Insurance (for a low power vehicle) at a reasonable fixed cost – say £500pa.

The Insurance would be cancelled immediately for any driving infringement (ie speeding).

I believe this could save insurers many millions in the long term as there wouldn't be as much call on the uninsured driver fund.