18 December 2008
Newly qualified drivers may be tempted to buy cheap vehicles to cut down on motoring costs, but they could be putting their lives at risk by doing so.
This warning comes from Norwich Union, which claims that cars valued at under £500 are less likely to have adequate safety features.
It found that 52% of motorists under the age of 21 spend less than £500 on their first car. Furthermore, 40% put off vehicle checks until their car's MOT is due.
Commenting on the research, Mark Monteiro, insurance expert at uSwitch.com, said young drivers appear to be stuck in a catch 22 situation.
He explained that no one wants to buy a car that may be dangerous, but pointed out that in today's economic climate, parents and new drivers may have less money to spend.
"However," he added, "the credit crunch has an upside, in that good cars are now being sold at cheaper prices. With a bit of research young people could pick up a car that has good safety features and will not cost too much to insure."
Meanwhile, car insurance provider Co-operative Insurance has launched a new road safety website aimed at young drivers.
To find the most competitive deals on car insurance, compare premiums online now.