Drop In Premiums for Young Drivers
This week the AA reported a reduction in car insurance costs for young drivers. Annual premiums for drivers aged 17 to 22 decreased by 5.6% from April to June this year, compared with the January to March period. Costs for younger drivers have escalated sharply in previous years, with massive increases forcing many new motorists off the road altogether.
Source: Daily Insurance note/The Times, July 2011.
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