Motor insurance rises for young drivers
Over the past 12 months the cost of motor insurance for young drivers has risen on average by four t...
Over the past 12 months the cost of motor insurance for young drivers has risen on average by four times the rate of inflation, according to research by Co-operative Insurance. In 2008, young drivers suffered an 11.5% hike in their insurance premiums, compared with an inflation rate of 3.1%. The average cost of insurance for drivers under 25 now stands at £1,463.
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