Blog
Matthew Taylor
As David Homewood FRSA describes in this recent RSA Comment piece, the cost of insurance is making car ownership completely unaffordable for hundreds of thousands of young people, something which is bound to be worsening problems of youth unemployment, particularly in rural areas. A few years ago, there was much hope that smart boxes in cars would solve the problem by forcing young people to drive safely and enabling insurers to reduce premiums. But the boxes have neither reduced prices nor changed behaviour sufficiently to make a difference and now only one significant insurer offers a smart box-based deal.