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The rise in the death rate for younger drivers in the UK could result in them being priced out of the car insurance market according to one insurance company.
 The Cooperative Insurance Services has warned that prices for car insurance for younger drivers could soon rise so high that many will be unable to afford to get insurance cover for their vehicle. For drivers aged between seventeen and twenty five there are around thirty five deaths or serious injuries every day in the UK according to figures from Co-op Insurance.
The insurance company also added that the rise in the cost of car insurance for those aged over 25 was just two percent, whereas for the younger age group the rise was a whopping twenty two percent.
According to officials from the Co-op the dramatic rise in insurance for younger drivers could result in a big jump in the number of people driving around without insurance cover, with younger drivers that are no longer able to afford cover deciding to continue driving without cover.
The insurance company has now worked in association with BRAKE and produced a DVD and education pack called 'Too Young To Die'. This is aimed at drivers aged twenty one and under in a bid to try and educate them and make increase their safety on the roads, which could in turn stabilize the cost of insurance cover for them as death rates decrease.
One official from the Co-op Insurance Services said: "The impact of serious road traffic crashes not only affects peoples' lives but also has a considerable affect on future premium levels. We have a duty to try and prevent future losses which in turn will make motor insurance more affordable, especially for young inexperienced drivers."
Tom Smith
10.04.07
Further Information:
External Links:
- BRAKE - The road safety charity
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