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The Institute of Advanced Motorists (IAM) is calling on the government to work alongside car insurance providers to offer discounts on insurance premiums for young drivers who take further driving training.
This news comes ahead of the Transport Select Committee’s report which is issued tomorrow and details the current cost of car insurance.
The IAM is also keen to see a review of the current driving test to make sure that it is suited to its purpose and one hundred per cent relevant to driving in today’s conditions.
A committee of MPs have been investigating the rising cost in car insurance for young drivers. It is well noted that premiums have risen significantly over the past few years and this is having a negative impact on novice drivers who are simply unable to afford car insurance.
In fact, the current average car insurance premium for young male drivers aged between 17 and 22 years old is £2,977 which is more than three times the average premium of £907. Young females fair slightly better with an average premium of around double the normal cost at £1,682, but it is predicted that this figure will rise further this December when new gender equality laws are set to come into effect.
A survey conducted by IAM found that 21 per cent of young drivers have considered driving without any car insurance at all, and nearly one third have also considered altering the information which they give out to car insurance firms to ensure that they secure a lower quote. However, the danger is that if young drivers are involved in an accident, they will simply not be covered by their insurer if they have provided false information in relation to their current circumstances, and above all else, it is also seen as breaking the law which could result in legal consequences.
The IAM survey further revealed that only 50 per cent of young drivers felt confident about setting out on the roads alone, a factor which is not helped by the high insurance premiums currently available. 74 per cent of novice drivers also said they would be willing to take further driving training if it meant that they would save money on the cost of car insurance.
IAM chief executive Simon Best said: “The simplest way to reduce insurance premiums is to prevent accidents. This is especially true for young male drivers who are most at risk of being involved in an accident. We need to start rewarding good drivers by encouraging further driver training through cheaper insurance.”