A student farmer was left in a state of shock last week after being quote over £9000 to insure his old Land Rover for the year.
The quote, which came through the Aviva website was for £9,311 leaving Adam Horsfield from Cambridgeshire stunned.
The Land Rover he was looking to buy was a 1984 Land Rover 90, and he was hoping to pay just £1000 for the vehicle.
Despite the vehicle only being worth £1000, the student, who is just finishing his A-Levels said he thought the quote was “unreal” before adding, “It might just be the case that this particular company doesn’t want to insure young drivers, but still I was quite amazed.”
While Aviva refused to comment, another company quoted rural Norfolk farmer, Karen O’Malley twice as much as his previous premium, despite having 8 years no claims, and said that pressures on the market were pushing premiums up, including the number of fraudulent claims.
They added, “Farmers are at the heart of our business and we want to help young people get on in farming and rural life. We do insure many drivers under 21 who meet our underwriting criteria.”
The company, NFU Mutual also revealed that drivers under 25 had been responsible for £73million worth of claims in 2009, and added, “We are very concerned about the toll on young lives caused by these accidents and are working with farming families safety bodies to try and find ways of improving young drivers’ safety in the countryside.”
The AAs British Insurance Premium Index showed that the average quote for car insurance is now £892, and that premiums had risen a record 40% in the last year.