Suddaby Posted December 21, 2011 Share Posted December 21, 2011 My 17 year old son has just passed his theory test, and it won't be long (we hope) before he passes the main test, to be followed by the Pass Plus test. Been looking at car insurnce for him for a 1.0 Lupo, 10 years old worth about £1200. Quotes start at £4k, and the most ridiculous was £17k!!!! Anybody out there got experience/advice as to how to get him on the road without either breaking the bank, or the law? Kevin Link to comment Share on other sites More sharing options...
RMweb Premium spamcan61 Posted December 21, 2011 RMweb Premium Share Posted December 21, 2011 At 17-18 premiums will be huge whoever you insure with; it can make a small difference if you have an experienced driver (preferably female) as a named driver on the car. Pass Plus should help a bit as well. Link to comment Share on other sites More sharing options...
noiseboy72 Posted December 21, 2011 Share Posted December 21, 2011 Worth looking at the Co-op (I think) as they were promoting a scheme whereby a gadget in the car recorded driving style, speed, braking etc. and rewarded good drivers with a reduced premium. Sorry, nobody wants to insure 17 year olds for some unknown reason... Link to comment Share on other sites More sharing options...
RMweb Premium Mike Bellamy Posted December 21, 2011 RMweb Premium Share Posted December 21, 2011 It was few years ago now, but two of my boys got the cheapest quotes from Direct Line - you won't find them on the price comparison sites. Paid out within a week when the Escort went up in smoke closing the main road from Derby to Nottingham Also a friend has a multi car policy with Admiral and for each car he adds to the family policy they get a bigger discount - however each driver builds up their own individual no claims discount - if there are a few cars in the household this might be worth investigating. Mike Link to comment Share on other sites More sharing options...
ste234 Posted December 21, 2011 Share Posted December 21, 2011 A 1.0 Lupo, £17k, are you kidding? They are basically saying they don't want your business... The max quote I had for my 51 plate fiesta (1.3) (worth £800) was 6k, got it down to around 3k with an Admiral Multi-car policy. However Admiral don't accept pass plus, but I still did it, well worth the extra experience! What will he use his car for? If it is commuting that can put the price up sometimes. Also, try doing a quote for Fully Comp, can occasionally be cheaper. Also, whatever you do, don't insure the car in your own name if your Son will drive it 90% of the time, I've heard it's called fronting and some insurance company's won't pay out! Link to comment Share on other sites More sharing options...
Guest dilbert Posted December 21, 2011 Share Posted December 21, 2011 My 17 year old son has just passed his theory test, and it won't be long (we hope) before he passes the main test, to be followed by the Pass Plus test. Anybody out there got experience/advice as to how to get him on the road without either breaking the bank, or the law? Unless you get him a bus pass it's going to be expensive. The situation ain't going to improve if a sex-equality ruling gets introduced; Traditionally, female drivers tend to have lower serious accident rates - a cause for sex-discrimination when it comes to insurance, so expect insurance rates for female drivers to get aligned to males driver rates - and these will only go upwards... dilbert Link to comment Share on other sites More sharing options...
RMweb Premium PhilJ W Posted December 21, 2011 RMweb Premium Share Posted December 21, 2011 A few years ago a female colleague's 17 year old son had the same problem. The insurance company had a scheme where he could 'use' his mothers no claims bonus thereby halving the premiums. The only disadvantage of course was that if he had a culpable accident she would have lost her n.c.b., fortunately that never happened. The biggest problem the lad had was that his car had once been owned by a local tearaway and he was always being stopped by the local police. Link to comment Share on other sites More sharing options...
Wherry Lines Posted December 21, 2011 Share Posted December 21, 2011 It's much more expensive for young driver compared to even 8 years ago (when I passed my test). I did the pass-plus scheme, and my insurance was cut in half by Norwich Union. It might be worth getting a quote from Aviva to see if they are still generous with their pass plus discount. Link to comment Share on other sites More sharing options...
RMweb Premium Gwiwer Posted December 21, 2011 RMweb Premium Share Posted December 21, 2011 I work in motor insurance and must post a disclaimer. Advice given is general and is not in any way given on behalf of any particular insurer. This post is made in a personal capacity only. Insurance is basically risk-pricing. The statistical history of younger and less experienced drivers suggests they are far more likely to become involved in incidents than someone slightly older and with more driving experience. That means the cost of insurance is sky-high. It might be possible to lessen the cost by including a new young driver on an existing policy as a nominated driver, or by taking out a new policy in the name of an experienced adult and adding the nominated driver as the main driver. It may be possible to reduce the cost by asking for a multi-policy discount when you hold several policies with the same insurer. There is a number of online-only insurers these days. You can reasonably expect to get the service you pay for so if you find a dirt-cheap premium you may find the resposne if a claim is required might not be all you hoped for. That is not always the case but certainly can be. Not all insurers offer a 24/7 claims service for example. It may be little consolation to those just starting to drive but loyalty and safe driving repays itself in terms of lessening costs over time and usually lower excesses once you reach age 25 as well. If you intend to have a younger or inexperienced driver driving your own vehicle it is always worth asking your insurer if they will have any cover before they drive. Some polices are restricted to nominated drivers only or to those of a certain age, or both, and offer no cover to any other driver. Link to comment Share on other sites More sharing options...
Ron Ron Ron Posted December 22, 2011 Share Posted December 22, 2011 In calculating the insurance risk and quoting a premium, there are lots of factors taken into account. With some of those factors you can't change the risk factor, but with some you can. e.g. you can't change the age of the driver - and 17 years old = no experience plus a higher risk due to the statistical accident factor. You can't change your postcode - there's a risk factor there. There are a number of other factors that similarly can't be changed in your favour. However, there are a few risk factors that can be variable and if correctly chosen, the premium can be reduced. E.g. The model of car, the engine size/power, the trim level (GTi or lowly basic model). The age of the car - older cars may actually cost more to insure !!!! Whether the car is garaged overnight. Other named drivers on the policy. Occupation or education status and place of residence (e.g. student at home or student living away at Uni /college). etc, etc. The statistical risks can be quite intertwined. For example... Most 17/18 year olds (high risk) are driving the same sort of cars (Corsa, Fiesta, 206, Clio etc.). Therefore there are statistically more accidents in those sort of cars, when driven by that age group. i.e. the car type itself is a risk with the most popular cars being the most risk bearing. If the 17 year old is insuring something unusual like an old Land-Rover Defender, then the statistics show that very few accidents /claims occur involving that type of car driven by a 17 yr old. They still get clobbered for being 17 etc, but the element of risk for the car type reduces. Similarly, insuring a 5 yr old Corsa will cost more than a brand new Corsa in the element of risk. That's because very few 17 yr olds will be driving a brand new one on their own policy; it's more likely to be on a parents policy (e.g. mum's car). Consequently, there will be very few claims attributed to people in this category. Lots of 17 yr olds will be driving a 5 year old example and there will be claim statistics to match. Of course the newer car will have a higher weighting with regard to its value and potential repair or replacement costs. You have to balance all the factors out. Personally I think a lot of people fall into the trap of getting the wrong car. There's a misconception that an old model of a very popular car that all the other youngsters drive, will be the cheapest. Not so. This will naturally be offset by the value of the car and other factors, but in the right circumstances it may provide a means of saving money. Having done an awful lot of work playing around with quotes, I've managed quite good savings for mine, so far. For example a 6 year old 1.25 old shape Fiesta, best quote £1800. A 6 month old 1.2 Corsa, £1400. As for the Land Rover example , I know someone who did just that. Son being 17 years old, just passed his test, 9 year old Defender, £850 fully comp. As already said by others, don't be tempted to insure in a parents name, if the youngster is the main driver (fronting). The policy will be invalid. Also, if possibly try to get them started with their own policy, as this will pay dividends in the long run (e.g. building up a no claims discount), if they keep a "clean sheet". I was told by an insurance broker that there were 2 milestones for young driver insurance. Passing age 25 and achieving a full no-claims benefit. The first one you can't do anything about, but the 2nd is something to think about. . Link to comment Share on other sites More sharing options...
Boris Posted December 22, 2011 Share Posted December 22, 2011 Its almost worth buying an MOT failure/non-runner for £100 and keeping it in the garden for a couple of years to build up your NCB these days! Link to comment Share on other sites More sharing options...
Suddaby Posted December 29, 2011 Author Share Posted December 29, 2011 Thanks everyone for the advice, sorry it's been a long time, but just missed posting before the server went awol. His mother did some ringing round and ended up with a company called I Kube, who specialise in young drivers. The thing to do seems to be to insure a car while they are still learners, also car will have a spy in the cab, and curfew from 11pm till 7am. This will now "only" cost about £1700 for the year, 3rd party. Then hopefully next year we will have a bit of ncb to work with. Cheers, Kevin Link to comment Share on other sites More sharing options...
plarailfan Posted December 29, 2011 Share Posted December 29, 2011 Finding "cheap" car insurance can be a nightmare these days. In recent years, I have tried to live near my job, to save commuting costs or running a car. Being made redundant twice recently, has meant I now need a car to travel to work, again. My no claims bonus expired, as I havn't had a car for a few years, although, I have been driving my boss' 44t lorries at work all week for a living, but of course, the "no claims" history for that, doesn't count towards my car insurance, I've been told by a high street insurer, that I live in a "high risk" area, where there's lots of "accidents" and subsequent claims made. I had a look around price comparison sites, one of which, says car premiums are rising, an average, of 44p, per day !! After entering my details into some of these sites, my 'phone was bombarded with calls - sometimes there was no-one there when I answered, some of them were ambulance chasing firms, asking if I had any claims or accidents they could help with. The insurance firms I tried, in local town centres, etc, were charging, by far, the highest premiums. In the end, I settled for an online insurer, but I tried filling the form in with various different answers, to see how low I could get my premium down to. (for example, ticking professional, or non professional job, appeared to bring the price down by £20) I never lied, but merely tested different scenarios offered, to see which offered the best price and I actually paid a bit more money than I could have, by being honest and truthful. Perhaps I'm risking the wrath of the moderators (if so, sorry) and going slightly off topic as well, - there's a popular "roundabout" scam where the car in front sets off, then stops suddenly, so you run into the back of them while you're moving forwards and looking right, onto the roundabout. Then the crash "victims" claim megabucks in whiplash and other damage. Link to comment Share on other sites More sharing options...
RMweb Premium PhilJ W Posted December 29, 2011 RMweb Premium Share Posted December 29, 2011 There was a recent case were a guy who lost his job found his premiums going up simply because he was unemployed. I have found a similar situation since being retired. There have been massive increases in premiums for retired drivers recently. Link to comment Share on other sites More sharing options...
Tom Bayford Posted December 29, 2011 Share Posted December 29, 2011 Peugeot 207 HDi 90 Turbo + 19 Year old =£3000 insuarance and its gone down after other No claims bonus of My mums insurnce and other perks with the NFU Link to comment Share on other sites More sharing options...
RMweb Gold Stubby47 Posted December 29, 2011 RMweb Gold Share Posted December 29, 2011 I tried to get my 19 year old daughter on to SWMBO's W-reg Fiesta policy. The current insurers wanted an addition £1600 on top of the current annual fee - the RAC, via moneysavingexpert.com, quoted £730 - they got the business ! (Usual disclaimers, etc). Link to comment Share on other sites More sharing options...
RMweb Premium PaulCheffus Posted December 29, 2011 RMweb Premium Share Posted December 29, 2011 My 17 year old son has just passed his theory test, and it won't be long (we hope) before he passes the main test, to be followed by the Pass Plus test.Been looking at car insurnce for him for a 1.0 Lupo, 10 years old worth about £1200. Quotes start at £4k, and the most ridiculous was £17k!!!! Anybody out there got experience/advice as to how to get him on the road without either breaking the bank, or the law? Kevin Hi Best quote my son (17) got on a 1.0 saxo was £1700 from Quinn. Cheers Paul Link to comment Share on other sites More sharing options...
RMweb Premium newbryford Posted December 30, 2011 RMweb Premium Share Posted December 30, 2011 I've heard that Quinn are giving good details for young drivers. Other ways of getting cheaper insurance are to get a "classic car" - original Minis are popular around me, as well as a couple of Morris Minors! Admittedly, mileage may be limited, or premiums increase for increased mileage allowances. One downside can possibly be reliablility (but they're usually easy/cheap to fix), but the amount saved on insurance can more than cover the membership of a recovery service. The other downside is the safety (crashworthiness) of the older cars that has to be considered also, but I would like to think that this may be taken into consideration by the driver in their attitude and driving style.............. (I have a Moggy that I intend to have ready in two years time for my daughter - as long as I don't spend too long on rmweb.) Cheers, Mick Link to comment Share on other sites More sharing options...
SWT442 Posted December 30, 2011 Share Posted December 30, 2011 I passed my test in February '09, when I was 19. I had to save up a bit more cash before I could afford the car and insurance, so spent some time comparing prices of different cars and companies. The best car I found to insure was a '97 1.0 VW Polo which was about £1,100 fully comp, with the worse being a 2.0 Mazda 626 at around £9k! I found that being fully comp nearly always gave a cheaper quote if the car over 5-6 years old. One factor that swayed it for me was the price of the car vs the cost of insuring it. The typical "first time" cars where (IMO) a bit expensive for what they were (maybe because they're "in demand"?), but had fairly cheap insurance. The Polo mentioned above was I think around £1.5k, and that seemed to be the going rate at the time for them. The exception I found were Citroen Saxo's and Peugot 106's, perhaps becuase they're boy racer cars. Family cars, like Mondeos, where pretty cheap to buy but had fairly high insurance costs. One car I did consider was a late 90's 800cc Daewoo Matiz but for some bizarre reason, the cheapest quote I had was over £2,000! I personally found it easier to buy a cheaper car and pay more for the insurance, as that could be spread over the year. The car I finally chose was perhaps a bit of an odd one for a first car, but the cost of purchase vs insurance was the deciding factor. In April '09, I purchased a '99 1.9DTi Renault Megane Scenic for the price of £900, with insurance of £155 a month with around a £350 deposit with Direct Line. Since then, the price has come down quite a bit I reckon. In my second year, I went over to Aviva (Direct Line dropped their price by £100 for the year...) and paid about £95 a month with them. I'm now in my third year and with Swiftcover and currently pay £65 a month. I wanted to stay with Aviva but they put the price up, with the best they could do being £2 less than what I had previously paid! I never did Pass Plus, mainly on the advice of my Instructor and that all the things it covered (bar Mototway driving) I had done during my time as a learner (I was learning for about 10 months, mainly because I lacked the confidence in myself to do the test, but I passed first time with 3 minors!) Hopefully this will be of some use, Andy. Link to comment Share on other sites More sharing options...
Ragtag Posted December 30, 2011 Share Posted December 30, 2011 I can second Direct Line, cheapest quote by far for me the first 2 years I had the car. Passed at 21 (knew I couldn't afford a car whilst at uni) and bought a low-mileage 3yo Corsa. Insurance in the first year was over £1800 for a car I paid £4500 for. The next year it was a shade over £1000, with pass plus (which saved around £500, having cost £100 to do). Since then I've had Swiftcover, and this year Admiral (simply the cheapest quotes). Better I think to bite the bullet if possible and get them their own policy, nothing brings the quotes down like a good NCB. Out of interest, in my second year I considered getting a second car for a bit of weekend driving & nostalgia - a 1980s Triumph Acclaim worth about three to four hundred quid, and they wanted £1500 to insure that. One interesting thing I worked out in my 3rd year is that I could sell the Corsa, buy a Triumph Spitfire with money left over to spare, not pay road tax due to the age of the car, and it cost about £300 less to insure. Go figure. Link to comment Share on other sites More sharing options...
Black Sheep Posted December 30, 2011 Share Posted December 30, 2011 I've heard that Quinn are giving good details for young drivers. Other ways of getting cheaper insurance are to get a "classic car" - original Minis are popular around me, as well as a couple of Morris Minors! Admittedly, mileage may be limited, or premiums increase for increased mileage allowances. One downside can possibly be reliablility (but they're usually easy/cheap to fix), but the amount saved on insurance can more than cover the membership of a recovery service. The other downside is the safety (crashworthiness) of the older cars that has to be considered also, but I would like to think that this may be taken into consideration by the driver in their attitude and driving style.............. (I have a Moggy that I intend to have ready in two years time for my daughter - as long as I don't spend too long on rmweb.) Cheers, Mick ''Everyone should learn to drive in a morris minor, it would reduce tailgating'' the brakes on a moggy are not as sharp as a modern car. my first car was my gran's 1980 fiesta and you had to plan ahead a bit and keep your whitts about you. It did a lot for my driving, teaching me to always plan an escape route incase someone pulled out on me, this saved my wife and I years later as I swerved onto the hard shoulder being cut up while braking in a newer car. I'm not saying they're not a good car to learn in, they really are, especially learning to look after it, these things can be applied to newer cars too. might be worth looking at some of the upgrades that Charles Ware's morris minor centre do www.morrisminor.org.uk they offer brake upgrades and kits to fit 5speed gearboxes, from a sierra i believe, to make the morris a bit easier to use in modern traffic. no connection to the business, just always fancied a moggy One interesting thing I worked out in my 3rd year is that I could sell the Corsa, buy a Triumph Spitfire with money left over to spare, not pay road tax due to the age of the car, and it cost about £300 less to insure. Go figure. when faced with an average quote of 2000quid for myself, at the age of 25 - hadn't had my own policy yet I looked into getting a Reliant Scimitar GTE 3.0L V6, as they all were, 250 quid fully comp for the year provided I joined an owners club of some sort - the assumption being, with a classic car that you care about the car and are more likely to look after it and care for it. their only way of telling if this is the case is owners club membership - probably 30quid for the year, and with an older car, probably useful for tips on keeping it running well and getting parts. Bizzarely some older cars are regarded by insurance companies as classics, others of the same age, and even same manufacturer are just old and so insurance is charged as though you're going to pretend to be clarkson and drive it through a caravan. understandably some cars are hard to get parts for to repair, but still. Link to comment Share on other sites More sharing options...
frisby Posted December 30, 2011 Share Posted December 30, 2011 .Perhaps I'm risking the wrath of the moderators (if so, sorry) and going slightly off topic as well, - there's a popular "roundabout" scam where the car in front sets off, then stops suddenly, so you run into the back of them while you're moving forwards and looking right, onto the roundabout. Then the crash "victims" claim megabucks in whiplash and other damage. A friend of mine had a variation of this several years ago. The car in front reversed hard into her at a roundabout. Details exchanged. No issues (sorry selected reverse by mistake etc. etc.). Next visit from police as driver had reported accident to police! 3-points. You must be guilty as other party reported it and has a witness (his passenger!). Insurance paid out for the usual whiplash claim as my friend must be guilty as police have prosecuted! Goodbye no-claims.and repair you're own car (3rd party insurance)! Link to comment Share on other sites More sharing options...
Black Sheep Posted December 30, 2011 Share Posted December 30, 2011 Frisby, that sounds like someone somewhere has rushed it through - surprised that an 'accident' of someone running into the back of another car would result in 3 points, but your friend speaks from what happened to him. Link to comment Share on other sites More sharing options...
PLD Posted December 30, 2011 Share Posted December 30, 2011 The body-type of the car can also have an impact: an estate or saloon version of the same model (same engine, trim etc) usually being less than the hatchback version, and a coupe or convertable being considerably more... Going back almost 20 years to when I passed my test, and around 17 years to when I (aged 20) first insured a car. At that time I was looking at a choice of two 1.2L Vauxhall Novas one a saloon, one a hatch. Despite being a year newer and valued around £200 more, the insurance for the saloon was a third less than the 'more trendy' hatchback (around £350 vs £500+ iirc which also shows the inflation of premiums over the last two decades) explained at the time as due to the likelyhood of being stolen and the 'type' of people who drive them... Link to comment Share on other sites More sharing options...
frisby Posted December 30, 2011 Share Posted December 30, 2011 Frisby, that sounds like someone somewhere has rushed it through - surprised that an 'accident' of someone running into the back of another car would result in 3 points, but your friend speaks from what happened to him. The 3 points was for failing to remain at the scene of a 'third party injury' accident. :-( Apparently the whole police attitude was that the other party would not have reported it if it wasn't true! (and of course the 'witness') Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.