Younger drivers face car insurance discrimination, says survey

Tue, 28 Apr 2009

A new report by car insurance comparison site moneysupermarket.com has found that drivers of a young age are paying higher premiums.

Looking at car insurance prices for a hypothetical 17-year-old male in Lancaster, the comparison site found that he would pay 52 per cent more for motor cover than if he waited until his 18th birthday.

The 17-year-old would pay £3,015 for car insurance while the 18-year-old would pay £1,453 and at 19 years old this figure drops to £800.

Steve Sweeney, head of motor insurance at moneysupermarket.com, said: "It is surprising these overnight price fluctuations still occur. Young and newly qualified drivers have long been perceived as high risk by the insurance industry and often find it hard to get competitive motor insurance ."

Financial website moneysupermarket.com recently announced that it had added Virgin, Churchill and Privilege to its roster of car insurance companies available to compare on the website.
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