The AA has reported the biggest rise it’s ever recorded in the cost of car insurance, with the younger age bracket being hit the hardest by the increase in the cost of premiums. The youngest drivers in the UK, those aged between 17-22 years, have been subjected to the biggest rises in car insurance rates with male drivers receiving the highest costs. The average cost of car insurance for a young male driver now stands at over £2,000 which is almost double the cost of cover for a female driver of the same age. Statistically young male motorists are twice as likely to be involved in an accident compared to a new female drivers, which is why insurers hit male drivers with higher costs as they pose a much greater risk than their female counterpart. In some cases, insurance companies have pulled out of the young driver market all together, and are no longer offering car insurance for drivers under a certain age as they believe the risk is too high. Insurance experts believe the cost of cover for UK motorists has also been pushed up by the increase in claims made for personal injury by people involved in car accidents. If an individual is seriously hurt, or disabled by an accident, the claim could be for as much as £15 million. Given the huge rises in the cost of car insurance, many young drivers are being priced out of the market and are no longer able to run a car. The recent increase in car insurance premiums is the highest seen in the last 16 years.