ABI offers car insurance advice to young drivers
www.moneynews.co.uk > Insurance > ABI offers car insurance advice to young drivers
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ABI offers car insurance advice to young drivers
Wed 8th Oct 2008
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Insurance expert at the organisation Malcolm Tarling,said that the insurance market for young people is competitive.
He urged young people to shop around and also pointed out that there is no point buying a dream car if it is too expensive to run.
Mr Tarling also explained that insurers class cars into 20 groups, taking into account spare parts and the cost of the vehicle.
Policies vary significantly, with some being adjusted to incorporate such actions as not driving at night or allowing a year's no-claims bonus after six months subject to certain conditions.
According to a report by the Independent, young drivers can pay more than £1,500 for car insurance.
Research from comparison website uSwitch has found that drivers aged 17 to 25 have to pay more than twice the national average, with the respective figures being £989 and £459.
Click here for more insurance news.
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