Growth of injury claims and taxes drive higher costs for young people. All their salary for the year to date would go to pay auto insurance premiums.
The Association of British Insurers (ABI) reported further evidence of the need to tackle rising motor insurance premiums – the cost of car insurance now gobbles up 10 percent of a young driver’s average salary
The ABI analysis shows that 10 percent of the average salary of drivers aged 18-21 now goes on paying their motor insurance bills – an average of £973 ($1350) for coverage. This is more than five times the
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