Some insurance companies have introduced ‘pay as you go’ policies that install a blackbox into the car which measures a person’s driving ability
(PRWEB UK) 9 March 2013
The number of young people driving has dropped by almost a fifth since the beginning of the financial crisis according to official figures from the Department for Transport.
The number of 17-19 year olds taking practical driving tests has fallen by 18% since 2007 and it is thought the decline is due to the soaring cost of driving such as insurance and petrol.
Figures put the price of getting a teenage driver on the roads at £5000, while insurance for 17-22 year olds has soared more than 80% since 2010.
A spokesperson for Cost.co.uk said:
“Car insurance for young drivers can be very expensive and on top of all the other expenses of a car it’s not surprising that young people are being put off driving. One way to combat the price of insurance is to shop around and compare prices from different companies to fit your situation.
“Some insurance companies have introduced ‘pay as you go’ policies that install a blackbox into the car which measures a person’s driving ability – this means that careful young drivers can prove they are not a risk and pay cheaper premiums. It can also help to buy a safe and reliable car, as this will also drive down the price of your insurance.”
Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customers to seek out great deals and offers for travel insurance, car insurance, credit cards, holidays and more. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.