Insurance premiums drop 16.9% for young van drivers
But data from Consumer Intelligence also shows that van drivers under 25 pay over 3.5 times more for their insurance compared to other demographics.
Insurance premiums for van drivers under 25 have dropped by 16.9% in the last 12 months, according to data analysis from Consumer Intelligence.
However, the business added that the cost of an average annual policy remains high at £2,762.
Age
Data further revealed that the other two age demographics – those aged 25-49 and the over-50s – saw premiums rise 2.3% and 2%, respectively, over the same period.
The research suggests that this increase helped balance out the average market-wide cost of
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