Car insurance customers discover buying habits of young drivers

Thu, 31 May 2007

Younger drivers are more likely to ask their parents and best mates for advice before buying a second-hand vehicle, it has been revealed.

A car financing research project from information solutions provider Experian has discovered that 26.2 per cent of 18 to 34-year-old road users will listen to recommendations from friends and family members before taking the plunge.

However, this proportion drops to 17 per cent for motorists who are over 35 years old.

Commenting on the study, Experian's automotive division's managing director Kirk Fletcher suggested it indicated differing priorities for younger and older drivers.

"It could be argued that older car buyers are focused more on what the car would say about them, while the results suggest that the young are more concerned about getting value for money," he said.

Nevertheless, road users of all age groups who buy a new vehicle must remember to get motor insurance before taking to the road.

Earlier this year, a pricing investigation by financing website moneysupermarket.com discovered that the average car insurance quote stood at £832.56 in 2006, down 5.17 per cent on the previous year's figure.

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