Young drivers 'can act to reduce premiums'
Published On 16 September 2007
While it is inevitable that young drivers will face higher car insurance premiums, there are things they can do to minimise these costs, an industry expert has said.Direct Line's spokesperson explained young drivers present a greater risk than experienced drivers, which means that it is logical for insurers to increase the premiums for this demographic.
She added: "One in three male drivers, in their first year of driving, writes off a car. So that accounts for why the costs are so high. Those who present higher risk pay a higher premium."
However, the spokesperson said that driving a smaller car and lowering annual mileage could help young drivers keep their premiums down.
"You could also take the Pass Plus training," she pointed out. "It costs around £100 to take and you can do this and get up to 35 per cent off.
"It's worthwhile doing if you are a young driver. From a financial point of view it makes sense, because the average premium for a young male driver is going to be around the £2,000 mark, so if you divide that by three, you are saving around £600."
Figures from the AA showed that the average cost of fully comprehensive car insurance in the UK reached £822 in the second quarter of 2007.
