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Escalating Costs of Young Drivers Insurance

By Myles Hyde Subscribe to RSS | April 17th 2012 | Views:
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Well, escalating insurance prices definitely hurt all the drivers but it has been deeply hurting the pockets of the young drivers when they decide to start paying for their own young drivers insurance. All of a sudden there is a spotlight on young drivers in the UK, and indeed everywhere around the world, where they are increasingly be required to pay ever increasing premiums for the age bracket they fall into. There are numerous parameters that the insurance companies take into account before they actually calculate their customers premium quotation and this will be more or less depending on the level of cover being quoted for (eg whether the policy will be fully comprehensive or 3rd party only; the amount of excess included, the higher the excess the lower the premium).

Premiums for young drivers insurance are definitely the highest when the companies consider the age bracket to which the group especially belongs to. Research and data gathered also prove that the young drivers get insurance quotes which are costlier than the car they possess. Therefore a question always bogs down people's mind, 'why are the costs for young drivers insurance always escalating'? The majority of the insurance companies state that it is the high risk element that is involved with the young drivers that is directly responsible for the escalating costs of insurance for young drivers.

It is the inexperience that brings about the huge risk for accidents. While a few may be driving for quite a number of years, there is a chance that some of them are new to driving a specific model and they have learned driving in yet another model. A few others may be driving in situations in which they have no exposure to at all..snowy places and rainy places are two such conditions that will really put their skills to test. If they can manage it is fine but generally, young drivers when speeding have a great risk of meeting with accidents given these two conditions.

The chances of the young drivers getting distracted while driving are high when compared to the older age group. Performing multi-tasks may be a real challenge for the new and young drivers whereas experienced people can perform the same with great aplomb. As a result there are numerous accidents that occur and the insurance companies charge high insurance premiums as otherwise it would prove to be a very costly affair for the companies involved in meeting with the insurance coverage.

For those people looking for affordable young drivers insurance with some unique deals, Only Young Drivers website (http://www.onlyyoungdrivers.co.uk) has some great car insurance offers for those careful young drivers, especially those in the bracket below the age of 25 years. This website makes use of telephone assessments so that they give individual quotes to the young drivers when they are enquiring about young drivers insurance. A serious online comparison can be made between companies to ascertain whether the deal is competitive or not by getting free online quotes.

Myles Hyde - About Author:
Only Young Drivers car insurance specialise in motor insurance for young people.Our unique risk assessment means we quote each driver on their merits. We offer young driver insurance in partnership with the UK's leading insurance companies. For more details on Young Drivers Insurance than please visit our wesite www.onlyyoungdrivers.co.uk

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