'Sky high insurance' is creating a road safety hazard: IAM
The IAM has called on insurance companies to overhaul the system used to calculate prices for young drivers, claiming that insurance premiums are pricing them off the road and jeopardising road safety.
IAM research on a popular price comparison website found that the cheapest annual premium for an average 17 year old driver was £7,091.38. The top price quoted was just over £9,700.
Neil Greig, IAM director of policy and research, said: “Young drivers can only learn safer driving by practising it, but huge insurance premiums risk pricing them off the road. The challenge for the government, the insurance industry and road safety experts is how to balance the need for experience with the very real risk that young drivers pose to themselves and other road users.
“When an insurance premium is matching university tuition fees, innovative thinking is needed to reward the safest young drivers or spread the cost in a more manageable way.
“Many young people will need a car to get to work and there are serious implications to the economy of young people who are unable to afford to drive, and to road safety if drivers simply choose to forgo insurance.”
For more information contact the IAM Press Office on 020 8996 9777.
New website includes members’ portal and info on training courses etc
Apply for Corporate Membership of Road Safety GB
Road Safety campaigns, research, data and help forum
NRSC 2017 | Manchester | 14-15.11.17
Click here to watch the presentations
YDF 2018 | RAC Club, London | 25.4.18
For more info and to register to attend click here...
Project EDWARD - 21 September 2017
For more info click here...
AROUND THE WEB
Could a hacker hijack your connected car?
BBC News looks at whether a rise in ‘over the air’ software updates means the risk of hacker hijack is also increasing.
The driving test trial
The findings of a DVSA trial, conducted with the Transport Research Laboratory (TRL), released to coincide with the new driving test changes.
THINK! ‘pink kittens’ mobile phone advert
Click here to subscribe for weekly news alert