Cost of living causing a big drop in young drivers
17 - 22 Year olds taking a driving test has fallen by 19% since 2005. According to Newsbeat that is a drop of more than 200,000.
Much of the drop has been related to the increase of learning to drive and then the cost of running a car. Insurance for young drivers is too over priced and based on stereotypical values. statistics show that most young drivers will have an accident within two years of gaining they're license.
Five years ago a 35-year-old would have paid around £245 for car insurance. That has now risen to £325. Furthermore, a 17-year-old would have paid around £2,500. That is now at least £4,000, and significantly more if you are male.
Newsbeat reports that there are signs that the cost of insurance is starting to fall. Figures for the last quarter show a slight drop for young drivers. And new EU legislation will mean companies won't be able to charge different amounts based on gender.
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