Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Escalating Costs of Young Drivers Insurance

By Myles Hyde Subscribe to RSS | April 17th 2012 | Views:
loading
 
  



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

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/escalating-costs-of-young-drivers-insurance.htm

Related Insurance Articles Subscribe to RSS

Getting best deals on cheap auto insurance in Nevada
Published by Alabamaauto Insurances on January 17th 2012 | Finance
There are hundreds of resources that can help you to win that much desired cheap auto insurance in N...
 
Points to facilitate product liability insurance as your uphold plan
Published by Andrew Edwards on April 7th 2012 | Insurance
Defects in products are quite common these days just because manufacturers fail to perform...
 
The many ways to get Dubai medical insurance
Published by Andy Robert on December 7th 2011 | Insurance
With the growth and expansion in Dubai, many positives steps are being taken by local authorities an...
 
Eligibilities for Classic car insurance
Published by Ashish Pandey on February 2nd 2012 | Finance
In order to get classic car insurance, you should ensure that your car is eligible for it or not. He...
 
Understanding professional indemnity insurance
Published by Sally McGill on June 18th 2012 | Finance
Personal indemnity offers an effective tool to counter certain claims that an individual or business...
 
A preliminary understanding Connected with Car insurance policy Benefits
Published by Shyam Singh on February 23rd 2012 | Insurance
A lot more gas mileage people get, the greater these premiums on the insurance policy will likely be...
 
The cost of vehicle insurance goes up now
Published by Jeniffer Thomus on January 24th 2012 | Insurance
DOUBLE A has said that the cost of insurance premium has gone up this year by 5 per cent. New applic...
 
Best Affordable medical insurance
Published by Lessardcasey on February 11th 2012 | Insurance
Shopping for affordable medical insurance is usually not something the average person has to do, giv...
 
Inevitable insurance for all
Published by Chris Luke on February 23rd 2012 | Insurance
With life uncertainties at its peak and the rising inflation, recession has made life insurance an i...
 
How to find inexpensive business insurance rates for business
Published by Andrew Edwards on November 30th 2011 | Insurance
Insurance is something associated with every business type...
 
What will influence the cost of your income protection insurance?
Published by Jenymorison on December 9th 2011 | Insurance
If you have decided to purchase income protection insurance for yourself then surely it can prove to...
 
Things to remember for best classic car insurance
Published by Morganbrittany on February 24th 2012 | Insurance
Classic cars are the old cars desired by many. People usually mix classic cars with the antique cars...
 
Car insurance and its benefits.
Published by Robert King on January 26th 2012 | Finance
Car insurance is an understanding between the insurer and the insured where the insurer promises to ...
 
Why You Need a Private Medical Health insurance
Published by Adamson Baker on July 7th 2012 | Insurance
When NHS is not adequate for a certain treatment, most patients seek the assistance of private consu...
 
Assess your business insurance plan for better returns
Published by Andrew Edwards on February 21st 2012 | Insurance
While running business enterprise we have to look in plans which are suitable and make everything or...
 
Importance of comparing commercial insurance quotes
Published by Andrew Edwards on April 20th 2012 | Insurance
If you are running a business which is not performing in terms of huge profits...
 
Car Accident Claims- Easigo helps both insured & uninsured drivers win their car accident claims.
Published by Simith on July 25th 2012 | Insurance
If you have car accident claim, call Easigo Carclaim2day, which is the best car accident claim compa...
 
Just where to get the best car insurance packages in Ohio
Published by Usautoinsurances on January 17th 2012 | Insurance
It is illegal to drive your car on the Ohio highways without proper auto insurance. Some people shun...
 
How commercial insurance smooth the progress of home based business
Published by Andrew Edwards on December 6th 2011 | Insurance
Test your business skills first before starting a home based business...
 
New York auto insurance attract high rates
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Residents of New York are some of the people who have to pay high rates in auto insurance policies. ...