Fair Investment Company (Enlarge photo)

02/07/2008 10:00. The new Equalities Bill, being introduced to tackle prejudice, could see young drivers' car insurance premiums go down but everyone else's go up.

According to uSwitch.com, the Bill could force insurance companies to bring down premiums for young drivers, and this, it argues, could have "far reaching consequences for the car insurance industry."

Despite the fact that motorists aged between 17 and 21 make up just seven per cent of the car insurance market, they account for more than a fifth of total premiums, paying nearly £1,000 each to insure their vehicles.

According to uSwitch.com, young drivers are paying 115% as much than other motorists; while the average 'shoparound' car insurance premium in the UK is £459, young drivers are paying more than double an average of £989.

However,... // Fair Investment Company