Young driver tax break 'will save lives and money'
The Road Safety Foundation is calling for the removal of insurance premium tax from telematics insurance policies for drivers under the age of 25 years.
The Road Safety Foundation says there is a “solid business case” for the tax break which it estimates will result in a £500m net saving to the economy from reduced crash costs, including benefits to the NHS and long-term care services.
John Dawson, Road Safety Foundation council member, said: “Telematics insurance is a 21st century solution for a problem which Governments admit they have wrestled with for 20 years.
“Not only can we make young driver insurance cheaper but it avoids restrictions such as bans on night time driving or carrying passengers.
“Parents often provide the car and pay high insurance premiums. Because crashes are less frequent, telematics insurance reduces insurance costs. It can give reassurance that the car is being well driven – and early warning before it is too late.”
“Telematics insurance is relatively new but already a quarter of under-25s are insured in this way. There are now more than a dozen products on the market and all major insurers provide some form of offering. We can now accelerate the take-up in a competitive market and save thousands of deaths or injuries annually.”
The Road Safety Foundation says that while the installation of telematics technology in the vehicle adds to the cost, a tax break would defray these costs and attract further uptake.
The proposal is one of seven recommendations in a new report which the Road Safety Foundation will launch in Parliament next month. The report on Britain’s future road safety strategy will be released on 3 November and will address safer driving, roads and vehicles and new financial instruments for road safety
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
The 2017 National Road Safety Conference
For more info and to register to attend click here...
Project EDWARD - 21 September 2017
For more info click here...
AROUND THE WEB
In the fast lane
For the Volvo Group, managing speed is one of the basics of traffic safety, but there’s more to it than just staying within the speed limits.
Mobile phone penalties double - but will it be an effective deterrent?
Edward Seaman, assistant editor of Road Safety News, reviews the change in legislation and its potential to influence behaviour.
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.
Highways England's vehicle checks campaign
Click here to subscribe for weekly news alert