REACTION:IAM RoadSmart responds to the announcement that the government has pledged to take action against the "spiralling" costs of motor insurance

Commenting on the announcement that the government has vowed to take action against the rising costs of motor insurance.

IAM RoadSmart Director of Policy and Standards Nicholas Lyes said: “Establishing a taskforce is a welcome step from ministers and one that we hope will have a positive impact on bringing down high motor insurance premiums. We remain concerned that recent increases in premiums have had a disproportionate impact on younger drivers. Our research shows that between 2022 and 2023, the number of drivers aged 17-20 with insurance offences added to their licence increased by a quarter, meaning that eyewatering premiums may be tempting some to avoid taking it out in the first place. We support measures that encourage incentives such as lower premiums for those younger drivers taking additional training, and this option should be considered as part of the solution.”