A limit on passenger numbers and restricted driving at night may be solutions to reduce high insurance costs for young motorists, MPs have suggested.
DUP MP Carla Lockhart (Upper Bann) led a debate in Westminster Hall on Government support for young drivers where she said high premiums costs were a barrier to young people getting a driving licence.
“For 17-year-olds premiums surge by an average from £1,423 to £2,877, for 18-year-old drivers the average policy price reached £3,162, and I have had constituents contacting me having had quotes of between £5,000 and £7,000 for a vehicle worth half the price,”
she said.
Ms Lockhart conceded that young people are more likely to be involved in road
collisions, stating “the industry view does seem to be supported by data”.
She also stated the Government had responded to a petition on the issue and has “ruled out any interference in the market” but suggested other methods that might be utilised to reduce insurance costs for young people.
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