Insurance News

Yes, we keep coming back to that topic again and again – potholes! Normally this issue is over and done with by this time of the year but not this year thanks to the awful weather and poor council repair rate. However, this is not good for those with young drivers insurance because any claim as a result of pothole damage could cause your young drivers car insurance premiums to go up exponentially.

Recent figures put claims for pothole damage at £2.85 million per month, but this could be lower than it would be if everyon who knew they had accidental damage cover on their comprehensive insurance policies. However, it is sometimes worth thinking twice before claiming, especially if you can afford the damage to your car. Excesses usually apply and then you have to calculate the long term costs as well. As such, you should weigh up the pros and cons before choosing how to go about sorting out the pothole damage.

Did you know that European young drivers are far more likely to claim than British young drivers? Apparently a recent study has delved into the insurance claims made on young drivers insurance in France, Germany, Italy, Spain and the United Kingdom. It found that young drivers car insurance policies on the continent were more likely to receive a claim that those here but were also likely to remain low in the coming years. How does that work, I hear you ask?

Well, although young drivers are more likely to make a claim, the way in which insurance premiums are calculated on the continent vary slightly. They focus on the ability of the individual driver rather than considering the blanket age and gender. UK insurers do tend to class all young drivers as the same and that puts up premiums but now, with no claims bonuses available, young drivers are beginning to get access to value so make the most of it!