Car Insurance for 17 year old

Poppy9

You can also add yourself as a named driver to your child's policy which can often bring down the premium.

funetik

Poppy9 wrote: »

You can also add yourself as a named driver to your child's policy which can often bring down the premium.

Strangely, some charge more for this. Direct Line, for one.

Definitely worth a bash though.

lisyloo

Try putting in a big excess (say £1000), if you were prepared to go third party, and see if that makes a comprehensive policy cheaper.

This is what I do - although I'm a long way off 17 :-(
If you're not planning on using the fully comp bit then a large excess on a fully comp policy may work out well.

crampo_2

Poppy9 wrote: »

You can also add yourself as a named driver to your child's policy which can often bring down the premium.

Yer, Forgot About that. Esp with tesco, as my mum has car insurance with them you get discount for that and for having her as a second driver.

Don't Know how you got that price for your first year. with convictions. you fully comp and what is your excess?

Depending on how confident you are of your/son's/daughter's driving skills, jack the voluntary excess up. This will reduce the premium, but obviously cost more if you do something silly and have to pay the excess.

Thats alright doing that, but if you have a accident a they quote £600 to repair and your excess is set to £500 , your paying out the lump sum, for the insurers to pay only £100, so if your total insurance cost say £900 with excess set at £500, that would still cost you £1,400. i know that your paying less in a lump sum, but at the end your better off, as if you have another accident and you got to pay out again, you be paying alot more.

Also i noticed that when paying monthly with insurance companies the insterest is set and something stupid like 24%, on a quote of £1100 i had to pay back something like £1900, (i know not exact but just examples). So worth just paying it off, even if you stuck it on a credit card with 0% interest for 9 months.

funetik

crampo wrote: »

Don't Know how you got that price for your first year. with convictions. you fully comp and what is your excess?

Thats alright doing that, but if you have a accident a they quote £600 to repair and your excess is set to £500 , your paying out the lump sum, for the insurers to pay only £100, so if your total insurance cost say £900 with excess set at £500, that would still cost you £1,400. i know that your paying less in a lump sum, but at the end your better off, as if you have another accident and you got to pay out again, you be paying alot more.

Also i noticed that when paying monthly with insurance companies the insterest is set and something stupid like 24%, on a quote of £1100 i had to pay back something like £1900, (i know not exact but just examples). So worth just paying it off, even if you stuck it on a credit card with 0% interest for 9 months.

This year (start of 4th year of driving), I'm fully comp, voluntary excess of £350, young persons excess of £200, standard excess of £150, I think. Can't remember exactly, but it works out about £750. Premium is low £400's. In my first year the excesses were about £600, as a named driver.

At the end of the day, if you drive sensibly you won't need to pay an excess. You can drive like a numpty somewhere there are no other cars if you need to. Wrapping your car around a tree will cost you the car and nothing else, if you just scrap it and start again. Obviously it depends how much your car is worth and how fast you're going when you hit the tree. Personally, I haven't crashed a car. I've come to a stop facing the wrong direction, but never hit anything!

The interest rate isn't very clever, but you need to barter. If you have access to a 0% credit card, that is definitely the way to do it though. Direct line have gone down to 8% for me. You tell A that B will do it for £700, they'll either beat it or get as close as they can. You keep asking if there's anything else they can do to get it closer, give you a better deal/make that sale. They might drop the interest rate, give you RAC/AA membership, etc.

Don't be afraid to put the person on the other end of the phone under some pressure. Be happy if they have to keep putting you on hold and talking to supervisors and underwriters. Pretend you're in a market in a foreign country. Insurance companies are trying to sell you a fake Nike cap for £20. It's worth maybe a fiver at most, and that's just so you don't get sunburn.