GlobalData research shows that younger consumers in the UK are more likely to hold pay-as-you-go (PAYG) or usage-based (UBI) car insurance policies. However, the latest Consumer Intelligence Car Insurance Price Index indicates that this group is facing rising premiums, with reports suggesting telematics providers are becoming less willing to offer competitive rates to younger drivers. GlobalData’s 2024 UK Insurance Consumer Survey shows that 14.4% of consumers aged 18 to 24 have a PAYG or UBI car insuranc ...