Student car insurance news
14/05/2009
One year can make a big difference
If you are a 17-year-old student, car insurance is probably a major purchase for you, but it might surprise you to learn how much cheaper it will be as you get older.
According to new research by moneysupermarket.com, the price comparison website, a 17-year-old male driver from Lancaster would pay 52% more for his car insurance premium than when applying again at 18.
For young drivers motoring convictions the difference is even greater. A 17-year-old female will pay 57% more for her car cover than when she turns 18.
The head of motor insurance at moneysupermarket.com commented, "Ultimately, I think people should be treated fairly based on their own individual risk profile."
A spokesperson for Hoot, specialist providers of young driver car insurance , said, "Of course, each driver's policy quote should be based upon their individual circumstances, but there are many criteria taken into consideration, such as the size of the vehicle's engine and where it will be kept overnight, when insurance providers calculate the risk.
"When buying student, car insurance we always advise our clients to be honest on their application and to then drive in a manner that will build up a strong no-claim bonus."
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