IAM call for action on young driver insurance costs

20th April 2012

The Institute of Advanced Motoring (IAM) has called on more to be done to provide young drivers with the opportunity to gain cheaper car insurance.

It follows the publication of the Transport Select Committee's latest report on The Cost of Motor Insurance, which highlighted the increasing premiums faced by young drivers.

Young motorists already have to contend with the regular costs of MOT testing and the regular check up and replacement of faulty tyres, with this additional costs causing limited budgets to be stretched to breaking points.

However, with recent statistics showing around 50 per cent of motoring accidents involve those aged 17 to 24, the IAM is calling for more to be done to distinguish skilled younger drivers from those more reckless ones.

“Insurers should give discounts to young people who are responsible enough to take further training after passing the test," IAM director of policy and research Neil Greig said.

“As a first step, insurers must reduce the cost of learning to drive in the family car," he added.

"Learner drivers are as safe as any other group on the road – the risks only rise when solo-driving begins."

Posted by