Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Young drivers face catch-22 conundrum reports Tiger.co.ukTiger.co.uk reports on the tough decisions young drivers are making before buying car insurance
By: Dan Somers The team at Tiger.co.uk, a motor insurance comparison site, has highlighted another statistic about young drivers that also needs to be considered. The Motor Insurance Bureau (MIB) has estimated that 5% of motorists – over 1.2 million – are driving without insurance and 20% of these (243,000) are 17-20 year olds. The same organisation estimates that the high level of uninsured driving has contributed towards the extraordinary level of inflation in car insurance premiums, adding about £30 to the cost of policies for legally insured drivers. When viewed together these statistics lead to a worrying conclusion: as car insurance becomes increasingly unaffordable for younger drivers, so they may be increasingly tempted to drive without any insurance at all. This, in turn could lead to a rise in uninsured drivers’ compensation costs, again fuelling further increases in car insurance premiums. A spokesperson for Tiger.co.uk commented: “The relationship between escalating insurance premiums and the growth of uninsured driving is inescapable. It could well lead to a “Catch 22” situation whereby having more uninsured drivers contributes to increased premiums causing drivers, particularly young drivers, to risk driving without insurance – which is of course a criminal offence. We would recommend that young drivers take the following steps to try and get cheaper car insurance: • Use car insurance comparison sites like Tiger.co.uk to make sure you get car insurance quotes and compare policies and get from a wide range of insurers. • Consider taking the Pass Plus exam after passing your driving test – premiums can be reduced by up to 30%.* • Have a look at ‘pay as you drive’ policies such as those offered by Insure The Box and Coverbox – both of which are available via Tiger.co.uk’ • Choose your car carefully – go for something in a low insurance group. • Drive carefully and build your no claims discount as this can significantly reduce your premiums.” The spokesperson also reminded young drivers shopping for cheap car insurance: “Don’ *DVLA Visit: http://www.tiger.co.uk for more details # # # Tiger.co.uk is a trading name of Call Connection Ltd. Tiger.co.uk is a UK based, independent price comparison site, offering insurance quotes from over 130 motor insurance brands. End
Account Email Address Disclaimer Report Abuse
|
|