Plan to slow rising insurance costs

The Institute of Advanced Motorists has urged the Government and insurers to work together to offer discounts to young drivers who have taken further training.

This is just one of several suggestions made by the Institute of Advanced Motorists (IAM) ahead of the Transport Select Committee's report on the cost of motor insurance.

The average car insurance premium for young men aged between 17-22 is three times the national average at £2,977.

While young women of the same age currently have a lower average rate of £1,682, this is still more than twice the national average.

Simon Best chief executive of IAM said: "The simplest way to reduce insurance premiums is to prevent accidents.

"This is especially one for young male drivers who are most at risk of being involved in an accident.

"We need to start rewarding good drivers by encouraging further driver training through cheaper insurance."

The IAM have also called on the committee of MPs, who have been examining increases in the cost of car insurance, to consider incorporating a review of the driving test into their suggestions to combat the rising cost of insurance for young drivers.

Copyright Press Association 2012

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