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Drivers can expect to fork out a hefty £582 a year for cover, according to car insurance provider Confused.com. But for the under 25s, that is a drop in the ocean – on average youngsters now pay about £1,911 for car insurance – although this is down by £792 since this time last year.
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Growth here has been stronger, at 6.7% a year, although this is roughly half of the rate seen in the decade before the financial crisis. Car finance through personal credit plans has been the main dri.
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