Young drivers should be rewarded, the Institute of Advanced Motorists (IAM) has told young driver insurance firms.*
According to the average insurance premium young male drivers are facing premiums that are three times the national average. In addition to this young female drivers are also expecting to see an increase when gender equality regulation is introduced in December this year.
A study by IAM showed that a whopping 74% of young drivers would be more than willing to participate in more advanced driver training if it cut down the cost of their young driver insurance.
Simon Best, the CEO of IAM, commented:
"The simplest way to reduce insurance premiums is to prevent accidents. This is especially true for young male drivers who are most at risk of being involved in an accident."
He went on to add that "we need to start rewarding good drivers by encouraging further driver training through cheaper insurance."
Whilst advanced driver training is important for young motorists as it will increase confidence and improve performance there are other means of reducing car insurance for young drivers. iKube, for example, uses a telematics device, or "black box" that is installed in the user's car.
The black box measures a number of factors, including speed, braking, car location, time of day the car is driven, etc. However, iKube's main interest is in the time the car is being driven.
Here at iKube our main interest is in keeping the young or learner driver safe whilst on the road. As long as the young driver agrees not to drive late at night (between 11pm - 5am) then iKube can offer a discounted car insurance policy.
At renewal ikube can offer as much as 40% off the cost of the young driver's insurance - as long as they've been safe and driven well.
*Source: Honest John - Safe Young Drivers Should be Rewarded, says the IAM