My nephew recently turned 17, so the family all put our heads together and found that we could just about afford to buy him a small used car and a course of driving lessons - all good so far!
That was until I checked the insurance costs - the cheapest I could fund was just short of £7,000
There's just no way we could afford that, and insuring him on his DMum's car wasn't that much cheaper either.
I'm at a bit of a loss as to what the answer is here; his lack of driving experience means that he is basically unisurable, but without that experience, his insurance costs will never go down.
This seems monumentally unfair to me; the legal requirement to have insurance has basically given the private sector a license to print money. As it is mandatory to carry insurance, they can charge whatever they like.
I'm not a huge fan of 'Big Government' but I am increasingly thinking that if the state legislates that it is a requirement to carry insurance, then they should provide it themselves.
It would be an additional cost to the government, but without a driving license, employment opportunities are very limited. Surely it would be cheaper in the long run to have such a scheme rather than risk all the young people out there who are struggling to find jobs becoming long term NEETS?
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To think the Government should provide 3rd party insurance?
96 replies
CakeMeIAmYours · 21/09/2012 16:09
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