Gocompare: Young drivers choosing expensive cars to insure

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Gocompare: Young drivers choosing expensive cars to insure

Most young drivers are costing themselves unnecessarily by choosing cars that come into a higher insurance bracket.

This is according to Gocompare, which reports that 63 per cent of drivers aged 17 to 21 are seeking quotes for cars with engine sizes more than 1250cc or with modifications.

Its data also found that two-thirds of young men in this age group are driving cars with engines bigger than 1250cc, compared to 55 per cent of females.

The boys were also more than twice as likely to search for a modified car than the girls.

Hayley Parsons, chief executive of Gocompare.com said that most young drivers "still haven't got the message that 'small is beautiful' when it comes to choosing a car".

She noted that the car being driven has a "dramatic impact on your premium".

In September, the AA reported that the gender gap in car insurance between young men and women was widening.

Premiums for newly qualified male drivers have risen over the past few years, but have fallen for women.

The gender gap has increased by 59 per cent since 2003, according to the AA's statistics.

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