Young Drivers Pay Six Time More for Car Insurance than Pensioners
The latest study by Confused revealed that young drivers pay almost 6 times for their car insurance than pensioners.
As such, drivers aged 18-21 pay almost 2,500 pounds a year for comprehensive auto cover, which constitutes 1/5 of their salary.
Elderly drivers, in their turn, only pay 440 pounds a year because, according to insurance companies, they are safer drivers. Pensioners drive slowly and travel shorter distances, as well as use lower-powered cars.
Let us remind that people aged 36-50 pay 600-750 pounds a year for their car insurance.
Commenting on the findings, head of car insurance department at Confused, Gareth Kloet, said: "Each age group is costed by their statistical risk and this includes the value of the car itself, the experience levels of the driver, past history and where they live among other factors."
You can use Confused to shop around for affordable car insurance or to get free quotes.
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