A Leeds man who was promised a car for his 18th birthday has been disappointed after being quoted £5,700 for a year's insurance.
The BBC reports that David Cockayne had promised to buy son James a Vauxhall Corsa to celebrate both turning 18 and passing his test. But he says he has tried comparison sites, direct retailers and independent brokers, and failed to get below the £5,700 cost -- and that's just for third-party cover.
A spokesman for the British Insurance Brokers Association says the high quotes were likely a combination of James' age and living in Leeds, where premiums are particularly high. He noted that the high costs for young men had a sound basis: not only are they 10 times as likely to make a claim as a middle-aged driver, but the average cost of a claim is almost three times higher than in some age groups.
However, the BIBA spokesman said he was certain James would be able to find a cheaper quote from an broker specialising in young driver car insurance.
