Cost of car insurance for young drivers could drop, says swiftcover.com

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Cost of car insurance for young drivers could drop, says swiftcover.com

Car insurance provider swiftcover.com has suggested young people could end up spending less on their premiums if a new graduated licence is introduced.

Underwriting director at the organisation Craig Staniland claimed that stopping inexperienced motorists from driving at certain times of day could cut the number of crashes that occur.

In his opinion, if the number of accidents drops, then insurance providers are likely to cut the cost of policies for drivers in this category.

"It's a sad fact that too many young drivers are involved in serious car accidents, resulting in drivers aged 17 to 19 being charged higher premiums," said Mr Staniland.

He claimed that allowing youngsters to drive only during the day could help them get valuable road experience in safer conditions.

Meanwhile, price comparison site moneysupermarket.com suggested it would be very hard to enforce the type of restrictions being discussed, although the website did note that it is good to see the issue being talked about.

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