WIMPS

£27k Car Insurance for Young Driver 

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Written by
WIMPS Web Editor

Posted on April 11th

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As car insurance spirals, young people are hit with massive premiums.

BBC research has found that some young drivers are being quoted up to £27,000 for car insurance.

The BBC NI Consumer Affairs Correspondent reports “More typical rates of £2,000-3,000 still represent a heavy financial burden for many novice motorists.

"The high costs have been attributed to a lack of competition in the sector.

"In Northern Ireland young drivers are insured by just three companies, AXA, Aviva and Quinn Insurance."
 

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