Wondering why you can't get cheap insurance? This may have something to do with it.

Personally my renewal is coming up next month and I am bricking it

The AA has recorded the biggest jump in the cost of car insurance since it started tracking the market, with young people bearing the brunt of the rise.

Figures due to be published this week show premiums for 17 to 22-year-olds have risen by 47% in a year.

Young male drivers are paying the most, with the average of the three cheapest quotes they get being £2,457.

That is nearly double the premiums offered to young women, the motoring group said.

The insurance costs are being blamed on another surge in claims for injuries sustained in accidents.

"If you have an accident which leaves someone disabled, the claim can be up to £15m," said Simon Douglas, director of insurance at the AA.

"Young men are twice as likely to be involved in these incidents than young women."

The impact of the rises is to make driving unaffordable for some young drivers and a huge burden for those who can gather the cash.

Ryan Bird, a 20-year-old heating engineer from Middlesex, told the BBC that he was paying £2,100 a year to insure an old Ford Fiesta worth £700.

"It is daylight robbery," he said.

"People I know cannot afford it. They can run a car but it is the price of insurance which knocks them back."

A search on a comparison website can be a major letdown for 17-year-olds who have just passed their driving test. It is common for quotes as high as £12,000 to show up as the least expensive option.

"It was such a shock," said Ryan, who has been driving for three years.

"I went on both the price comparison sites that advertise on TV and one of them quoted me over £6,000."

Drivers have little chance of finding an affordable quote, unless they put a huge effort into shopping around. Some insurers have pulled out of the young end of the market entirely, because of losses.

The AA blames lawyers for exacerbating the problem by taking a 40% cut of personal injury claims.

"The number of claims is increasing and the number of passengers involved is increasing," said Mr Douglas, of the AA.

"Some of that is being driven by no-win, no-fee lawyers. Their numbers have doubled in the last two years."

The AA started compiling an index on car insurance rates 16 years ago. These are the sharpest rises it has seen since then, with premiums accelerating to new highs.

http://www.bbc.co.uk/news/business-11516195

G40 at the age of nineteen is outta the window...

This is mad. I'm paying £1260 for a £400 car with a years no claims. Dread to think what it'll be next year.

and the police and others wonder why people drive with no insurance?

it would be cheaper to not have insurance and pay for the damage yourself if you do crash!

Edited 12 October, 201015 yr by stixie mk4

and the police and others wonder why people drive with no insurance?

it would be cheaper to not have insurance and pay for the damage yourself if you do crash!

No it wouldnt.

You cannot crash into thin air either.

and the police and others wonder why people drive with no insurance?

it would be cheaper to not have insurance and pay for the damage yourself if you do crash!

not everyone drives cars where panels cost a few quid. Imagine spanking into a new rolls royce. Fences, lampposts, all costs £1000's . Losing control and driving into the front of a house?

And as it says above, 15million for causing a disabling injury?

Couple of grand a year isnt a lot for all that really when you think about it. Never mind a few hundred quid

if mine went up 47% , it'd be £4410!!! - on a 1.0 MPI 6n2 ffs!

it'd be cheaper if i just bought a rust bucket and scrapped it just before MOT and kept doing that!

I'm paying 3k a year atmo cant exactly ask for more hate insurance company's FML!

Edited 12 October, 201015 yr by 6n Easty

Was paying £2000 for a 1997 polo 8v aged 17, now with 1 years no claims I am paying £775. Thought I have done alright.

I'm 19 and gonna be £1700 FC on a 1.4 16v. Isn't TOO bad, but its not as good as I was hoping.

ah 3rd year £720 2 years no claims :)

Luckily I havn't paid more than £300 for a while on a car, including G40's etc. But then I'm getting on a bit at 31 My g/f though is still paying almost double that for a 1.4 FSI and she has a better driving record.

£2680 atm for a £900 1.0 6n third party F&T

got a 1.4 mk5

passed my test yesterday, had no quotes for less than £3500,

it's unaffordable.

insured for 10 days till i cancel my policy, then god knows what i'll do

Add anyone and everyone to the policy who has a good driving history, helps bring prices down since they see it as a high risk driver is going to be driving it less often. Just never put someone else as main driver if you are the main driver as this is called "fronting" and is illegal

£600 as a named driver, no way am I ever paying more than a grand for insurance on a Polo.

I'm gonna be 22 next year and going upto a 2.0 A3 so that should be fun to insure!

Indy231- Named driver on a car thats clearly yours = fronting = illegal!

I paid £2000 this year to insure my 16v with brentacre and when I get my GTI in a few months they said it would only go up by £200. And that being 20 with 0 ncb and a very bad area to insure!

"If you have an accident which leaves someone disabled, the claim can be up to £15m," said Simon Douglas, director of insurance at the AA.

"Young men are twice as likely to be involved in these incidents than young women."

The impact of the rises is to make driving unaffordable for some young drivers and a huge burden for those who can gather the cash.

These three statements are bugging me and I shall explain why and why I think they are wrong.

The first one...yes its possible to have an accident so bad and leave someone disabled enough for them to get a £15m compo cheque...but standard insurance (that any 17-22 year old will buy at least) will only offer legal cover up to £100,000 so surely that means the insurance will only cover that much and not have to pay out £15m?

The second one...yes a young man's crash is worse than a young women's but...in my experience young women crash more frequently and claim smaller but in the long run can build up the same cost of damage a young man can from one crash...which he usually learns from.

And the the third statement...this one is completely true but I have a problem with the thought behind it. All that will happen by pricing young men off the road is in a few years the insurance risk wont be the 17-22 year olds, it will be the 18-23 year olds or 19-24 year olds. They will just push the barrier up as the 17 year olds won't be able to gain experience in order to not crash if a sticky situation should arise later on.

this is what happened in ireland if I'm not mistaken insurance went up really high now you have to have a thing on your vehicle letting others know your a new driver and that will happen here to try and combat the rise in claims other wise no one will be able to afford to drive anything other than a moped

this is what happened in ireland if I'm not mistaken insurance went up really high now you have to have a thing on your vehicle letting others know your a new driver and that will happen here to try and combat the rise in claims other wise no one will be able to afford to drive anything other than a moped

this is what should happen IMO, think its something like you get R plates, so your restricted to 45mph for your first 2 years, id quite happily pay a shit load less insurance to have an R plate over here

45mph for 2 years seems a bit drastic but I can see the principals behind it working. Although the whole idea of being able to drive is freedom, and this slightly restricts it a little.

I've actually given up for a few years now! insurance quotes driving me mad so I'm gonna get a ped its just stupid considering how much harder the test has got in the past decade (so I'm told)

having said that, i did a quote on youchooseinsurance.co.uk, my policy, me as frequent, my mum as main, and my nan as occasional with 4000 miles a year between us in a good area. 890 quid on a 2ltr passat! someone blatently made a mistake there!!

i may only be 17 but my insurance on my 1.4 8v is £2800 i got mine just at the right time because 1 week later it would have been over £4500

all that for a £100 polo lol

I'm 18. 1.4 8v 6n.

YOU JEALOUS?

"If you have an accident which leaves someone disabled, the claim can be up to £15m," said Simon Douglas, director of insurance at the AA.

"Young men are twice as likely to be involved in these incidents than young women."

The impact of the rises is to make driving unaffordable for some young drivers and a huge burden for those who can gather the cash.

These three statements are bugging me and I shall explain why and why I think they are wrong.

The first one...yes its possible to have an accident so bad and leave someone disabled enough for them to get a £15m compo cheque...but standard insurance (that any 17-22 year old will buy at least) will only offer legal cover up to £100,000 so surely that means the insurance will only cover that much and not have to pay out £15m?

The second one...yes a young man's crash is worse than a young women's but...in my experience young women crash more frequently and claim smaller but in the long run can build up the same cost of damage a young man can from one crash...which he usually learns from.

And the the third statement...this one is completely true but I have a problem with the thought behind it. All that will happen by pricing young men off the road is in a few years the insurance risk wont be the 17-22 year olds, it will be the 18-23 year olds or 19-24 year olds. They will just push the barrier up as the 17 year olds won't be able to gain experience in order to not crash if a sticky situation should arise later on.

1. Legal cover is to pay solicitor's fees, not the compensation awarded.

2. They don't just make it up as they go along, they base it on actual statistics. If fucking idiots didn't drive round at 17/18 thinking they're fucking Ayrton Senna then stoving in five cars who all get (largely false) whiplash type claims in, then we wouldn't be in this mess. We all know theres some daft bints on the road, but there are equally thick lads driving everywhere as fast as their little polo/corsa/106/saxo etc can go - then what a fucking surprise - a corner or a slow car and bang, you just stuck your £1500 bean tin into two biddies in a Jaguar. Yeah they shouldn't be dithering about, but nor should you be doubling the speed limit on shitty partworns and chopped down springs, because not only the numpty behind the wheel can't handle the speed, neither can the shed they're driving. (thats not aimed at you by the way...)

3. I agree to a point, but by 20/21 most lads have realised that they need their car and licence and can't afford to bin it for the sake of impressing some giggly teenager, who contrary to popular belief does not get off on nearly dyeing in a 15 year old rust bucket anyway.

edit: spelling

Edited 31 October, 201015 yr by danny6n

I'm 18. 1.4 8v 6n.

YOU JEALOUS?

Not really, you drive an 8v 6n!

sorry, couldn't resist!