Young drivers news
07/10/2010
Graduate driving scheme could see insurance savings
Those individuals who are preparing to take their DVLA driving tests over the next few months might be interested in news of a new graduate licence scheme. It is set to reduce young drivers insurance premiums by more than 10%.
The car insurance website, Swiftcover.com, claims that the scheme will place tight restrictions on new drivers. Apparently, they will not be allowed to drive during night-time, or carry their young friends about.
Cash strapped motorists may object to a limitation of their freedoms, although they could enjoy the cost saving benefits of the new scheme.
Student car insurance holders might be interested in research by Cardiff University. This reveals that masses of lives could be saved and the amount of road accidents may fall significantly once the scheme comes into effect.
Craig Staniland, Underwriting Director for Swiftcover.com, said, "It's a sad fact that too many young drivers are involved in serious car accidents, resulting in drivers aged 17 to 19 being charged higher premiums.
"This can lead to many youngsters driving without any insurance at all, which in turn just adds to the insurance burden for all".
It remains to be seen whether young drivers insurance holders would be prepared to abide by the terms of graduate licenses. Price comparison website, moneysupermarket.com is doubtful whether the scheme will be a success. However, they are pleased that the issue of British road safety is being discussed.
Car Insurance News Archive