Young drivers can save thousands by shopping around

YOUNG drivers can save up to €2,000 on insurance by simply shopping around, a detailed survey has found.

The Financial Regulator motor insurance survey highlights the wide variations in policy charges between different companies.

The biggest saving to be made was in the case of a sample 17-year-old male living in Monaghan driving a 1998 car worth €2,000. In the first instance three companies Allianz, AXA and Hibernian Direct did not provide a quote for third party, fire and theft.