IPT rise to cost young drivers and Londoners most, says AA
Broker warns tax increase could encourage young drivers to drive without cover.
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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