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Cost of car insurance for young drivers on the rise

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  • eric britton
    Hi Eric, The cost of motoring for young people in the UK is increasing due to insurance - and insurance companies increasingly do not want to insure young
    Message 1 of 2 , Oct 13, 2010

      Hi Eric,

       

      The cost of motoring for young people in the UK is increasing due to insurance - and insurance companies increasingly do not want to insure young people...

       

      Could this be a chink in the car industries armour?

       

       

    • Jason Meggs
      Interesting, this piece: The number of claims is increasing and the number of passengers involved is ... This suggests carpooling is on the rise, although
      Message 2 of 2 , Oct 13, 2010
        Interesting, this piece:

        "The number of claims is increasing and the number of passengers involved is increasing," said Mr Douglas, of the AA.


        This suggests carpooling is on the rise, although there could be many explanations. Perhaps there's a feedback effect here; higher rates due to carpooling (with more at risk in a collision) lead to more carpooling -- a feedback effect supporting fewer cars on the road (and one hopes, safer driving). One ponders what the roles of carsharing and the soft modes may be in this equation, and whether there's an upside to higher medical expenses.

        Funny (morbidly so) that the "daylight robbery" perspective repeatedly compares the price of the car to the cost of insurance as evidence of the injustice of higher premiums. As if a cheaper gun kills in a less harmful way. Wait 'til they hear about the true cost of gasoline.



        On Wed, Oct 13, 2010 at 2:46 AM, eric britton <eric.britton@...> wrote:
         

        Hi Eric,

         

        The cost of motoring for young people in the UK is increasing due to insurance - and insurance companies increasingly do not want to insure young people...

         

        Could this be a chink in the car industries armour?

         

         


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