Tips for Buying a Flat With Friends
Many times friends decide to pool their resources and buy a flat together. The combines resources and credit ratings gives them more borrowing power, which in turn allows them to purchase a larger flat in a better area of a city. Read more
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Young drivers offered premium break
April 19, 2007 by admin
Filed under News, News-Insurance
A leading car insurance firm is offering young drivers a financial break if they sign up to its Safe Driving Agreement.
NFU Mutual is offering youngsters a £100 discount on premiums if they sign the document which requires them to take care on the roads.
As part of the deal, drivers will promise to adhere to the rules of the road, only drive at certain times and avoid eating and smoking at the wheel.
“They must promise to confirm their destination in advance, to drive only between agreed times of the day, to ensure they and their passengers always wear seat belts, never drink or take drugs and drive… not use a mobile phone whilst driving and avoid being distracted through fiddling with the stereo,” said NFU Mutual’s Laura Wood.
The deal has been drawn up in conjunction with the Royal Society for the Prevention of Accidents and follows a speech by the Association of British Insurers (ABI) which called for more action from the government.
Ms Wood added: “Young drivers are more likely to crash than older more experienced drivers, in part due to their lack of driving experience but also due to their attitude to the road and being unaware of potential dangers.”
Young drivers generally pay higher insurance premiums as they are deemed to be more likely to be involved in an accident.
