Young drivers need to ’shop around’ for insurance
February 5, 2008 by admin
Filed under News, News-Insurance
Young drivers have been advised to ’shop around’ for insurance after some providers have withdrawn cover for them, according to an insurance body.
The Association of British Insurers (ABI) said that there are some companies who do not offer young drivers cover as they fear they are more likely to have an accident.
Malcolm Tarling, spokesperson for the ABI, said: “They are more likely to claim and the claims cost a lot – I have never seen anything more expensive.”
He added that as a result young drivers should shop around to find the best deal for their insurance, as some companies are more competitive than others.
“Look into the pass plus; some companies now offer incentives for young drivers who have this,” he concluded.
According to reports in the Daily Telegraph, Axa, More Than, Swiftcover, Saga and HBOS brands such as Esure, Sheila’s Wheels and Halifax are among the growing number of insurance providers that automatically reject all applications from 17-year-old drivers.
