Car Insurance for young driver

johnr08

Hi All.
I've got insurance on a 12 year old Saxo (value £500) for my son (17 - provisional license, hopefully full in the next month !!). This came out for last year at about £900 with me on the policy (31 years driving, no points, no convictions).
Trawling throught the comparison sites, the cheapest I can get this year is just over £2K. :eek:
Surely not everyone is shelling out £200 per month on car insurance for younger drivers. . .'cos I know I won't be able to afford this.

Are there any other places to go? Is everyone in this situation?

One of his friends in college is paying about £400 for a similar car, but his dad is self employed and puts the insurance "through the company".
At this rate I might set myself up as a self employed "consultant" just to get it cheaper.!!

It's no wonder kids go out in cars uninsured, the industry isn't doing itself any favours by tarring all kids with the same brush.

Here's a radical idea - - how about an enterprising insurance company offering young drivers with no points or convictions a policy at say £500 per year. If they get any points or convistions, then they can hike the price up. Might encourage kids to learn and drive responsibly eh??:T

Rant over.:mad:

andy208833

When my 17 year old daughter bought her car a couple years ago for £4k (ford ka) and was still a provisional license holder her insurance was £1100 3rd party!! When she passed her test it went up to £1250!! Justification was that even though she had passed she was now unsupervised and at 17 more liable to have an accident. Company she used was SABRE insurance. Once she had done a years driving nil claims it went down to £800.

Trouble the younsters have is they get lumped in with the boy racers and idiots who think they are invincible.

davetrousers

Unfortunately statistics show that young inexperienced drivers are involved in the most accidents, hence high premiums. As a result they are all classified similarly (tarred with the same brush).

The best advice is to buy a small car and drive VERY safely.

Note: License is a verb and Licence is the noun

pedro123456

John.........."It's no wonder kids go out in cars uninsured, the industry isn't doing itself any favours by tarring all kids with the same brush".

The Insurace Industry IS doing it's self a big favour...........Inflating prices and dipping into your and your kids pockets to pinch the cash.

Thats why they make millions year on year,..........oh and by the way there are THOUSANDS of Insurance Companies making millions year on year.

Anyway My youngest 18 yr ended up with Direct Line...and no doubt DL will rob us as much as all the other Insurance Companies, but they didn't pinch as much in premiums ..................but if ever she claims, they will be no different to any other Insurance Companies...........bandits.......hehehehe

Ta Pete

davetrousers

johnr08 wrote: »

Here's a radical idea - - how about an enterprising insurance company offering young drivers with no points or convictions a policy at say £500 per year. If they get any points or convictions, then they can hike the price up. Might encourage kids to learn and drive responsibly eh??

Who would be brave enough to implement that?

If they get points or convictions? What about if they cause a big crash that costs thousands?

It is generally the norm that your insurance goes up with points and convictions anyway (though 3points for an SP30 has little effect).

The incentive to drive safely is your No Claims bonus (as well as staying alive etc)