How can teenagers reduce their car insurance premiums?
• Where to go for cheap car insurance • References How much will a teenager pay for car insurance? On average, young people – and particularly teenagers – pay more for car insurance than any other age group. In October 2009, the AA British Insurance Premium Index revealed that car insurance premiums had risen by 14 per cent over the previous 12 months and were continuing to increase at their fastest rate for 15 years. [1] Though the increases affected all age groups, young drivers were hit the hardest with premiums for third party, fire and theft policies, which are traditionally bought by teenage drivers, increasing by 9.3 per cent over the previous three months to average £1,059. Research by Gocompare.com in November 2009 highlighted the costs facing teenage drivers as they bid to get on the road for the first time. Learning to drive can cost in the region of £680 by the time the costs of obtaining a provisional licence, lessons and test fees are taken into account; however, next to
