Young motorists charged “horrendous” premiums
Many young motorists struggle to understand why car insurance is important, an industry expert has claimed.
Young drivers feel ripped-off by car insurance firms because it is cheaper to be fined for not being insured than to pay for insurance, said Nigel Lacy of car insurance scheme Young Marmalade.
Teenage drivers can find themselves paying “horrendous” insurance premiums of up to £3,500, Lacy said.
According to Lacy, insurance companies need to make more of an effort to take care of young drivers and work with them to improve their driving skills.
“Insurance companies need to do a lot to look after their drivers and they are not doing that at the moment,” he said.
“There are too many claims being made by young, inexperienced drivers.
“The insurance companies, instead of trying to work with the young drivers, just move out of the market, which forces the premiums up.”
Young Marmalade was recently recognised with an award at the Road Safety Conference for its efforts to provide low-cost insurance to young drivers who pass a road safety test.
Category: Car Insurance News, Insurance News
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