Car insurance for young drivers reverses 10.3% in the last year but that spells bad news for older motorists

 The cheapest average motor insurance for drivers under 25 has dipped by 10.3 per cent in the last year, according to a new study by Consumer Intelligence.
However, the research firm suggests the drop may have come at the expense of motorists over 50, with the average cheapest premiums for this age group now 5.3 per cent higher than they were a year ago.
Ian Hughes, chief executive of Consumer Intelligence, said: 'To some degree, these increases for under-25s seem to be at the expense of older motorists.
Driving down the cost: The average cost of insurance premiums for drivers under 25 has dipped by 10.3 per cent in the last year according to a new survey
However, the survey, which compared figures between May 2014 and May 2015, showed that despite a 10.3 per cent decrease in the cost of car insurance, motorists under 25 still face paying an average cheapest premium of �1,628.
Overall, the average cheapest premium for drivers nudged up 0.3 per cent to �677 during the period, this compares to a 1.1 per cent reduction in average cheapest premiums for all motorists in the six months between December 2014 to May 2015.

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