Young Marmalade have cut car insurance premiums by 17% because they state that young people deserve it.
Young Marmalade, is an insurance company that specialises in car insurance for young drivers, have cut premiums which is a breath of fresh air due to the recent rise in car insurance premiums.
AA insurance have highlighted that premiums for drivers between the ages of 17 and 22 have risen an average of 80% over the past two years.
The reason for such rises in car insurance premiums especially for young drivers is due to the fact that preventable car crash injury claims are becoming increasingly common.
Young Marmalade are starting to use what they dub a black box or Intelligent Marmalade to monitor the drivers behaviour to calculate premiums. The maths is simple if you’re a good driver the premiums will be rather low if not they’ll be higher than expected.