Young Marmalade approved by Hamster
by Richard Kilner
Story link: Young Marmalade approved by Hamster
Young Marmalade, the car insurance firm that caters specifically to young drivers, has received an endorsement from Richard Hammond, Top Gear’s resident Hamster.
In September Young Marmalade launched Provisional Marmalade into the UK marketplace.
To use it, details are logged in and an advance of circa £90 is paid per month, with payments ending once the driving test is passed, or being suspended if a provisional driver wants to take a break from practising.
The policy enables young drivers to have their own insurance coverage rather than being added to their parents’, helping to protect the no claims bonus of mum and dad.
Earlier this month Young Marmalade revealed that research it had commissioned showed that 86% of learner drivers were being ripped off by being charged excessively to be added to their parents’ policies.
The costs were typically £2,000-£50,000, and are thought to contribute to the 300,000 learner drivers who lack insurance.