Car Insurance, Young Drivers
In a report lately released in The Herald on the 21st of May, states there are signs that insurance for young drivers is set to soar. The report predicted that car insurance premiums are all set to rise over £3000 within the next 10 years for young aged drivers.
Due to the high increase in the number of collisions young drivers are involved in are between 17 and 21 year olds, have made the insurers to have an increase in the car insurance premiums of up to 92% in the last ten year, and this trends is seemingly likely to continue for the next ten years.
The overall average insurance for drivers between 17 and 21 is currently £984 whereas for someone older than 21 the average shoots down to approximately £409, and in the case of just young men in the 17 to 21 range, are been charged £1181.
However, there is a very low percentage of young drivers of 4.2% in the UK, but they are responsible for over 16% of the motoring offences and collisions in the UK, and 34% percent of dangerous driving and driving offences are committed by the same group.
With mounting statistics against young male drivers, the statistics show that young men drivers are 10 times more likely to be involved in a collision has fuelled reason for insurers to increase insurance premiums.
However, insurance companies have incentives for young drivers to participate in giving the advance driver training course which will reduce insurance premiums by half. There is government funding already offer for these courses that would cost approximately £150 if privately taken, but only cost £15 with government funding.
The authorities are advising young drivers to do their insurance research before they consider buying cars, as they could be in for an unpleasant surprise with insurance quotes.