Car insurance for young drivers has risen, warns AA

Wed, 08 Sep 2010

The cost of car insurance for young drivers has increased significantly over the past few months, new research has revealed.

According to AA Insurance, the cost of policies is rising at its fastest-ever rate in the 16 years that the organisation has been tracking such figures.

"In just three months, premiums rose on average by 11.5 per cent and, for drivers under the age of 30, by 13.4 per cent to £1,128," Simon Douglas, director of AA Insurance, commented.

He added that the price of a typical insurance policy rose by over 30 per cent in the past year, with the average premium costing about £704.

This follows claims made earlier this week by AA Insurance that increasing cases of car insurance fraud are contributing to the fastest-ever rises in insurance premiums.

The provider's assertion followed a report suggesting that one out of every 20 motorists aged under 35 has 'staged' an accident in order to make a fraudulent car insurance claim . 
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