IPT rise to cost young drivers and Londoners most, says AA
The rise in Insurance Premium Tax (IPT) from 6% to 9.5% on 1 November will cost young drivers and Londoners the most, according to the AA's British Insurance Premium Index.
The broker said its research showed IPT would add £18.80 to the average quoted premium for a comprehensive car insurance policy.
However, the AA estimated the average quoted premium for those aged 17-22 would increase from £1,278 to £1,319.35 after the tax rise.
In addition, those living in London will see their average
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