Quote news
12/10/2011
Young motorists' numbers go down because of driving costs
It seems that a generation of young drivers have been put off driving due to the high price of insurance for car payments.
There are a number of reasons why many youngsters are not attempting to drive, such as the ever-rising cost of fuel, the expense of taking lessons, as well as the cost of buying a car, but chief among them is the cost of car insurance
Some young drivers are being quoted as much as four-times the value of the car that they have saved up for. The AA said earlier this year that the cost of comprehensive cover for young drivers has increased by more than 60%.
Statistics show that the number of people trying to pass their practical test fell from 802,727 back in 2008 to 704,446 this past year.
Price comparison sites are one of the factors being blamed for the rate of insurance for cars going up.
The head of a used car website stated, "I do think price comparison sites are to blame. The cost of their business model is so expensive given all the advertising and they have to make their profits back somehow."
Being able to afford insurance for car payments is important to get more young drivers back on the roads. An instructor at Wimbledon Driving School pointed out that young drivers usually learn faster than any other age group so it is actually cheaper to learn when they are younger.