High costs for young drivers

Homeowners to fork out
Yorkshire and Humber homes were worst off from the winter winds, with 40 per cent of homes suffering roof damage costing up to £5,000, compared to just 24.1 per cent in the South East. Nearly one person in five has experienced a flooded garden, house or garage and 91.4 per cent of men and 93.9 per cent of women had forked out at least £100 to replace damaged plants. The West Midlands also came out top in the blocked drains table, with 37.5 per cent spending up to £500 getting drains unblocked. Read more...

Parents are a cause for conecern.
Andrew Lowe, Head of Direct Line Home Insurance said:. Parents are a cause for conecern. Such is the concern of some that more than one in 10 offspring have relocated themselves or their parents to be close to each other. The survey was carried out online. Many offspring are dipping into their own pockets to provide financial support. Read more..

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High Costs For Young Drivers

High costs for young drivers

High costs of driving causes downward trend in young drivers getting their own wheels.26/05/2006 - DirectLine Car Insurance
It’s not just the housing market that young people are being priced out of - the car-ladder is also proving to be a struggle for Britain’s younger generation, according to Direct Line.
The spiralling cost of motoring is one of the main reasons four in 10 (43 per cent) non-driving 18-25 year olds are without a licence and a quarter of drivers who have passed their test do not have their own set of wheels – with the majority of these blaming the high costs.
With the cost of buying and running a car nearing £5,700* in its first year, joining the car-ladder is out of reach for many wannabe motorists, with university costs (21 per cent of those who can drive but do not own a car), debt (12 per cent) and low wages (42 per cent) as the top three unavoidable expenses preventing them from getting a car of their own.

Unroadworthy Cars
A nationally representative sample of 2,410 GB adults were questioned online between 24th to 27th February 2006. Results are weighted to be representative of the GB adult population. By driving a damaged car you could be putting your life and that of other motorists are risk so it’s a pathetic excuse when you think of the potential impact you could have if something was to go wrong whilst you were at the wheel. Motorists who have damaged cars are particularly ill informed with 94% saying they are unaware they are breaking the law and a quarter saying they don’t believe the repairs to be urgent. Read more...

High costs of car-ownership are also causing young drivers to consider alternative ways to buy their first motor. One in 10 (11 per cent) have considered buying a vehicle with friends, with a quarter (25 per cent) agreeing it’s a good way to share costs. An eco-friendly 45 per cent of these youngsters also believe buying a car with friends is better for the environment. Statistics reveal that over 20,000 ** 18-25 year olds currently share a car with friends. The first ever Young Drivers’ Poll from Direct Line, the UK’s largest private car insurer, reveals that despite the high cost of driving, three quarters of young drivers now own a car, with many (25 per cent) of these being given one by their parents to help them get onto the car-ladder.
As for those whose parents haven’t supplied them with a car one in 10 (eight per cent) have financed their motor by paying for it on credit, 13 per cent have taken out a loan from a bank and 10 per cent have borrowed money from a family member or friend.
Emma Holyer, Direct Line’s Motor spokesperson, said:

“It’s expensive for anyone getting on the road for the first time and we see many youngsters driving their parents car for the first few years. So to help young drivers Direct Line now allows named drivers on all policies to build up their own No Claims Discount (NCD) which should help to reduce the cost of insurance when they take a policy out in their own name meaning insurance costs are one less thing for them to worry about.”
And it’s not just financial pressure that young drivers who have access to a car face - 17 per cent feel required to run a taxi service for their non-driving friends. Close to one in five (18 per cent) young drivers sometimes feel so pressurised they dangerously overcrowd their car, despite four in 10 (41 per cent) admitting it’s difficult to concentrate due to passenger interruptions.
Emma Holyer, added:
“With fewer first time drivers owning their own car there can be increased pressure on those with one to drive all their friends around. We’re calling on all drivers and especially young drivers to avoid overcrowding cars and ensure all passengers are wearing seatbelts at all times.”For more information, log on to Direct Line Car Insurance.

Speed cameras
Results are weighted to be representative of the UK adult population. Direct Line research reveals that despite 93 per cent of motorists claiming they have a sound knowledge of speed limits, in reality only half of all UK motorists are unable to correctly identify the limit on a dual carriageway (70mph). 0.17 x 5,409,518 = 919,618.06. Read more...

Notes:
The research was carried out on behalf of Direct Line car insurance by YouGov Plc. A sample of 1,048 drivers between 18-25 were questioned online between 28th April to 2nd May 2006. A sample of 289 non-driving 18-25 year olds were questioned online between 5th and 8th May. Results are unweighted. YouGov is a member of the British Polling Council.
*According to the YouGov findings young drivers on average spend £4,212.76 on buying their first car and spend £129.72 per month on its running costs £129.72 x 12 = £1,556.64 + £4,212.76 = £5,769.4.
**According to the YouGov findings one per cent of young drivers have bought a car with friends which equates to 21,350. There are currently 4,994,229 young people between 18-25 in the UK and of these 57 per cent drive (2,846,710). 75 per cent of young drivers own a car (2,135,032) therefore 0.01 x 2,135,032 = 21,350.

Direct Line customers
”Many motorists now own two cars and it doesn’t seem fair that although they have proved they are a safe driver they are unable to claim NCD on more than one car. Direct Line has already launched a range of new benefits this year including a unique Named Driver NCD that enables named drivers to build up their own NCD if they are driving someone else’s car and a 10% discount for anyone who has a car stored at the same address as another Direct Line policyholder. The policy is open to all motorists and can be used on up to nine cars. direct line home insurance quote Read more..

Dog owners drastic action.
*Assuming there are 5.4 million dog owners (Target Group Index© BMRB 2005) and the average cost of treatment per year is £154 - 5.4 million multiplied by £154 = 831,600,600. 06/10/2005 Rising vet costs are forcing British dog owners to take drastic action leaving seven per cent with no option but to put down their sick dog according to new research from Direct Line Pet Insurance. Dog owners drastic action. This will result in more paperwork, which could lead to an increase in prices. Read more...

Dognapping epidemic
A quarter (28 per cent) revealed they could not imagine life without their pet. Awareness of this pet crime is at an all time high, particularly following the recent suspected theft of Liz Hurley's puppy, Emily, and Engelbert Humperdink's German Shepherd, Charnie. Chris Price, Business Manager at Direct Line Pet Insurance, said:. Dognapping epidemic 27/07/2005 A recent spate of dognapping has left many British dog owners fearing for the safety of their pets. Read more...

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