Car insurance: Young drivers suffering from high car costs

Friday, 26 May 2006

The increasing number of young Britons who cannot drive is being blamed on the high cost of living in the UK, according to new research.

Around 43 per cent of all 18 to 25-year-olds are not able to drive and do not own their own car, as buying and running your own vehicle in Britain is now estimated to cost an average £5,700.

And with high car insurance costs for younger drivers, as well as university fees and struggling first time homebuyers, young people in the UK are certainly suffering financially.

According to the research, one young driver in nine has considered buying a car with friends in order to get around the high costs.

But experts are warning that sharing cars and driving friends around can be potentially tricky.

Direct Line motor spokeswoman Emma Holyer said: "It's expensive for anyone getting on the road for the first time and we see many youngsters driving their parents' car for the first few years.

"With fewer first-time drivers owning their own car there can be increased pressure on those with one to drive all their friends around.

"We're calling on all drivers and especially young drivers to avoid overcrowding cars and ensure all passengers are wearing seatbelts at all times."

One of the best sources for budget car insurance for young drivers is on the internet, where a quick insurance quote online with the right company can save hundreds of pounds.

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