Car insurance rises ‘the highest on record’
Figures seen by the BBC set to be released later this week reveal those who are bearing the brunt of price increases are youngsters between the ages of 17 and 22.
Over the course of the past year alone, car insurance premiums for this group have risen by 47%, the AA claimed.
The price rise is mainly down to more motorists making claims for injuries sustained during accidents.
Director of Insurance at the AA Simon Douglas told the news provider: “If you have an accident which leaves someone disabled, the claim can be up to £15 million.
“Young men are twice as likely to be involved in these incidents than young women.”
NFU Mutual recently noted that cheap car insurance can be a false economy, mainly because it may not provide the level of protection people need.
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October 9, 2010
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Posted by Patrick Mcculloch
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