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Daily Insurance Industry News
Saturday 24th of June 2017
March 18, 2008

Pass Plus lowers young driver premiums

by Gill Montia

Story link: Pass Plus lowers young driver premiums

Young drivers can reduce the cost of their motor insurance by topping up their driving test with an additional motoring qualification.

Figures from the Association of British Insurers show that males under the age of 21 are 10 times more likely to have an accident than those over 35, and premiums reflect the increased risk.

However, taking a Pass Plus course is one way to reduce the cost of cover.

The course, which has been designed by the Driving Standards Agency with the help of insurers and the driving instruction industry, costs between £100 and £150.

It aims to avoid the risk of accident by building on existing skills and knowledge.

However, anyone considering taking the course should first check with their insurer to see if they are eligible for a Pass Plus discount, particularly those who are already receiving a no claims discount.

Younger drivers should also be aware that driving an old car will not necessarily mean a cheaper insurance premium.

Old cars are easy targets for thieves and are often heavier than recent models, and likely to cause more damage in a collision.

Young motorists can best keep the cost of insurance down by driving a small car built by a well-known manufacturer with an engine size of 1.0 or 1.2 litres.

 

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