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: