Changes to the way payouts for injury claims are calculated could see premiums soar by up to £1,000 for drivers under 25
Getting the keys for a first car is a milestone in the lives of many young people. Another is the arrival of the first insurance bill, which shows that driving is an expensive business – and one that is about to get even more so.
Changes announced by the government in how compensation payments are calculated are expected to affect motor insurance premiums across the board in the coming weeks – but drivers under the age of 25 are expected to be hit by disproportionately large rises.
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