Cost of car insurance for young drivers soars by almost £600 in one year

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The cost of car insurance for young drivers soared by almost £600 in just one year, new research has found.

Figures compiled by price comparison website Compare the Market show that there has been a £594 rise in the past 12 months.

The average premium for those under 24 is now £1,792, a big year-on-year increase from the £1,198 quoted in August…

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