Younger drivers ‘pay more for insurance’
September 13, 2007 by admin
Filed under News, News-Insurance
Revealing that one in three male drivers writes off a car in the first year after passing their test, car insurance provider Direct Line has warned young males that they will always have to pay higher premiums because they pose a greater risk.
A spokeswoman for the insurer explained: “Young drivers present a greater risk than experienced drivers, and, as insurance is based on risk, they will pay a higher premium. They are much more likely to have an accident. Those who present higher risk pay a higher premium.”
She explained that newer drivers would always suffer higher premiums because of their inexperience on the road, but advised those looking to minimise the financial damages to invest in a smaller car and take advantage of the Pass Plus advanced driving scheme.
“It is a government run initiative and it is six one-hour sessions and it costs around £100 to take and you can do this and get 35 per cent off,” she added.
A recent survey from Churchill Car Insurance revealed it is not just new drivers who pose a risk on the roads. More than one million infrequent drivers suffer from “rusty driver syndrome” and forget basic rules of the road, the insurer found.
