Young driver car insurance news
24/07/2008
Premiums soar in past three months
Young driver car insurance costs are in the frontline across the UK as premiums continue to rise with growing inflation.
Leading motoring organisation, the AA, has just revealed premiums for teenage, student drivers, as well as those in their early twenties, have climbed by an average of £45 in the last quarter of the year.
The huge rise - flagged in the AA's British Insurance Premium Index, is well above inflation of 3.8% but has happened because statistics prove that young motorists are more likely to make insurance claims than other age groups.
AA Insurance director Simon Douglas said, "Car insurance costs are spiralling. While numbers of casualties on Britain's roads is falling, accident costs are rising and young drivers are taking an increasing share of the toll."
For a few months the cost of car cover for all motorists had slowed to a stop. However, the past three months has seen increases start to happen again.
Young driver car insurance is most likely to rise due to the higher costs of personal injuries and legal claims that youths tend to incur, according to the AA.
Hoot wants to offer cheap car insurance for young drivers even in these difficult inflationary times, so it's worth giving them a call free now .
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