CM asked Towergate to provide quotes for comprehensive vehicle insurance
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on a two-year-old Daf 85CF.360 4x2 with 290,000km on the clock and a secondhand value of £37,500, based at a depot in Lichfield and hauling third-party semi-trailers within a 250-mile radius. We asked for three quotes — one for an 18-year-old, a 35-year-old and 55-year-old — and were quoted £12,164, £4,293 and £4,611 respectively, making the cost of insuring the 18-year-old almost three times that of the 35-year-old.
We then established an imaginary fleet of five vehicles, all Daf 85CFs of the same spec and year, operating from the same site, to get two further quotes: for a group of five drivers comprising two 55-year-olds and three 35-year-olds; and the other for one 18-year-old, two 35-yearolds and two 55-year-olds. The quotes were £25,344 and £32,042 respectively — a hike of more than 26% for the luxury of employing the younger driver.