Car insurance 'may be more expensive for younger generation'
www.moneynews.co.uk > Insurance > Car insurance 'may be more expensive for younger generation'
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Car insurance 'may be more expensive for younger generation'
Thu 26th Mar 2009
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According to research published by the price comparison website, young drivers today tend to own cars at an earlier stage in their life and generally own better models as their first cars than their parents did.
The study also found that nowadays, two-thirds of drivers between the ages of 18 and 24 have upgraded their first car to an even better model within two years.
Debra Williams from Tescocompare.com, said: "Clearly young drivers are lucky to own cars at a younger age and driving something more modern and reliable.
"[But] the fact that the vehicles they typically drive are higher in value could have an impact on the cost of their car insurance."
Recently, the AA claimed that the first three months of the year may be the best time to buy car insurance, as companies deliberately keep their prices low in an attempt to attract renewal customers.
Click here for more insurance news
Related News : Insurance |
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Related News : Tesco |
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