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Finances tighter than ever.

Just earned that extra year no claims? Assuming you’re going to be paying less this renewal? Think again. The AA has announced that the rise in cost of car insurance has jumped to the highest since they started tracking the market.

Just earned that extra year no claims? Assuming you’re going to be paying less this renewal? Think again. The AA has announced that the rise in cost of car insurance has jumped to the highest since they started tracking the market. And to add further fuel to the fire, it’s young people who will take most of the increase.

Finances are already tight. And for car finance customers, higher insurance premiums will be the last thing they need. For 17 to 22-year-olds the premiums have risen by a fairly astonishing 47% this year.

Simon Douglas, director o insurance at the AA said: "If you have an accident which leaves someone disabled, the claim can be up to £15m,"
He continued: "Young men are twice as likely to be involved in these incidents than young women."

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