Young lady drivers have been the hardest hit. The average price for 17 or 18 year old females have risen on average 32% whilst 17 or 18 year old male drivers have seen their premiums fall by 10%.
*** Information taken from Moneysupermarket.com ***
Because of this change, it is more important than ever to compare car insurance when renewing your car insurance. NEVER assume your renewal will be the cheapest!
Last year I was shocked to see that my renewal had risen, in fact it had doubled from £400 to a whopping £800! It didn't make any sense as none of my information had changed; I hadn't been in an accident whether at fault or not, my licence was still clean with no points, my car was a year older and worth less and I was a year older with more experience Yet my insurance had doubled and this was before the ruling had taken effect!
Thankfully I compared prices to make sure I could find the best deal and I managed to save £400 as I found another insurer who offered me half the amount my previous insurer had offered!
This is why it is always important to compare prices!
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