Young Driver
Older cars cause young drivers headaches
Tue, 11 Apr 2006
Younger drivers are having to pay even more on their car insurance thanks to their older cars, according to new research.
Recent figures have claimed that third party, fire and theft (TPFT) insurance has risen by 1.74 per cent over the last three months, meaning the average young driver has to pay out more.
This is because younger drivers generally have to purchase and run cheaper, older cars, which have less sophisticated anti-theft devices and are more likely to be stolen.
Unfortunately, this means that young driver insurance is also raised.
Conversely, the same pricing index from a major insurer claimed that the cost of comprehensive car insurance actually fell by 0.51 per cent over the same period – making it cheaper for drivers of more secure cars.
Nevertheless, a separate report by the RAC has suggested car insurance figures will rise on the whole in future, thanks mainly to the number of uninsured motorists on the road.
And the RAC claims these motorists are costing law-abiding drivers around £30 a year more on their car insurance – which is even more of a problem for the dwindling number of younger drivers who are already struggling to pay for young driver car insurance.
© Adfero Ltd
