Rising insurance premiums for younger drivers

Thu, 19 Feb 2009

Younger drivers may find the price of their car insurance rising more than the rate of inflation, says Co-operative Insurance .

According to research from the car insurance provider, the cost of car insurance for young motorists has shot up four times as fast as inflation within the last year. Figures revealed that motorists under the age of 25 saw their car insurance premiums rise by 11.5 per cent in 2008, with the rate of inflation being only 3.1 per cent.

The insurer also found that there have been a growing number of uninsured drivers on Britain’s roads. David Neave, Co-operative director of general insurance commented: "With this continuing trend, which directly reflects the increased risk posed by young drivers, a whole generation could become uninsurable, adding to the already growing problem in the UK."

However, according to the Environmental Transport Association (ETA), young drivers could find cheaper car insurance . A spokesperson for the ETA said there are certain policies now which offer young drivers cheaper premiums if they agree to avoid driving late at night, which is when most of their collisions take place.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

UK Home Insurance QuotesHome Insurance

Get the best home insurance deal and learn how to minimise the risk of household burglary.

Car Insurance - Compare Quotes from top UK CompaniesCar Insurances

Find the cheapest Car Insurance quote in the UK and get tips to help reduce your premiums.