Young drivers are getting a rough deal – their insurance premiums are sky high and they pay £118m per year in Insurance Premium tax. So Carrot Insurance is calling on the Government to reduce the current 6% rate of Insurance Premium Tax (IPT).
Carrot is spearheading a campaign to support a recently lodged ePetition, calling on the Government to wholly remove or significantly reduce the rate of Insurance Premium Tax (IPT) for anyone under 30 using telematics-based car insurance in their first year of motoring.
Sounds like a good idea to me.
Carrot is spearheading a campaign to support a recently lodged ePetition, calling on the Government to wholly remove or significantly reduce the rate of Insurance Premium Tax (IPT) for anyone under 30 using telematics-based car insurance in their first year of motoring.
Sounds like a good idea to me.
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