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Articles   >>   Car insurance premiums for young drivers soar to 3,688

Car insurance premiums for young drivers soar to 3,688

Tuesday, May 24 , 2011
View the full story at: http://telegraph.co.uk ... /Car-insurance-premiums-for-young-drivers-soar-to-3688.html

Car insurance premiums for young drivers soar to 3,688

The average cost of insuring a car for young drivers has soared to a record high of £3,688, new research shows.

Figures from Moneysupermarket.com show that drivers aged between 17 and 22 would face monthly payments of as high as £546 when opting to pay in instalments, after the additional charge of around 10pc is taken into account. Newly qualified drivers now face annual premiums of around £5,957.

Premiums have always been higher for young drivers, due to higher risk or traffic accidents. According to road safety charity Brake, one in five new drivers has a crash within six months of passing a test and newly qualified drivers are more likely to be involved in a traffic accident during the first two years after passing their test.


View the full story at: http://telegraph.co.uk ... /Car-insurance-premiums-for-young-drivers-soar-to-3688.html

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