Autonet Insurance reports 23% cut in average premiums

Ian Donaldson Autonet Insurance

Average premiums for young drivers placed with independent van insurance broker Autonet Insurance so far this year are 23% lower than last year.

The average premium for male van drivers aged 21 or under from January to May was £1,268 compared with £1,646 in the same period in 2012, the broker said.

Autonet Insurance managing director Ian Donaldson said: “These figures are very pleasing. It is renowned within the industry that younger drivers are finding sourcing cheaper insurance premiums harder and harder. Our efforts to drive premiums down have obviously paid off and we will adapt our strategies so these savings can hopefully continue throughout 2013.”