Average young male drivers insurance is now £4000!
on August 1st, 2011 at 10:15 pmConfused.com/Towers Watson Car Insurance Price Index reveals: Average policy for a 17-20 year old single male is now more than £4,000 Car insurance costs for 17-20 year olds have crashed through the £4,000 barrier, with the average 17-20 year old male now paying a staggering £4,006 per year for comprehensive cover. This is the first time since the Confused.com/Towers Watson Car Insurance Price Index began in 2006 that average annual car insurance costs for young men have exceeded £4,000. Bizarrely, young male drivers in this age bracket see their car insurance costs reduce by around £1,000 if the driver is married and adds their partner to the policy. In order to afford a £4,000 a year premium and cover the cost of running a car, the average single male would need to spend £6,500 a year – almost half of the average salary of full-time employees at this age^. This effectively prices them out of the market. More
