Young Drivers Car Insurance (2004-2005)

JimArnold

there are - or at least were - insurers that would allow you a% of your ncd on a second car so you didin't start from scratch

But as already said if the insurance companies have even the merest suspicion taht you have not been 110% up front then they'll take you money but walk away when you make a claim - the cheaper ones will do it even quicker - that's one way to keep costs down avoid paying out if possible

So if you do insure him as a second driver make sure you do drive the car a fair bit

Drucie

Again thanks. So in order for the car to be insured in my name, do I have to be the registered keeper on the V5? Bit confused between legal owner and legal keeper>

newfunk

I have only 1 years NCD and the car is worth £2700, 1.6L engine...Ive just insured it with Norwich union...Give them a try

gizmoleeds

Drucie wrote:

Again thanks. So in order for the car to be insured in my name, do I have to be the registered keeper on the V5? Bit confused between legal owner and legal keeper>

Theoretically you can insure any car. Practically, as long as it is at the same address and your son has the same surname it will be fine (as long as you tell them). Couples/parents do this all the time - where the car is registered to one person but insured by another.

If you register the insurance in your name, but with your son as the main driver you should be able to find an insurance company which will give you a good rate based on your NCB (perhaps your own insurance company would be good here - the RAC did this for my mum and my brother, even though he was at University a hundred miles away and she rarely drove the car).

Beware though, your son will not be building up his own NCB - so when he does eventually put it in his name he will have to suffer a price hike for a while.

WSO

I was under the impression that the registered owner does not necessarily have to be the one who drives it - but they are responsible for ensuring the paperwork is up to date and everything is paid for - if not it is the owner who is liable for the fines.

Ideally you should have the car in your son's name if he is going to be the main driver - I would have thought this would minimise the cost to him as the main driver of a policy since the car would then be his own (but what would I know).

Certainly though, he should be down as the main driver if you are only going to be in the car while he is still learning. Yes, it may cost a lot now - but as others have said it could cost a lot more if you have to make a claim... might as well pay that bit extra and be sure you can make a claim should you need to, rather than pay less and risk not being covered at all!

As for the alloys... well, I'm not suprised that some companies will not cover when they are on as they are likely to get damaged! If there are any other modifications to the car (spoilers, skirts, fancy trims, sound systems etc) I suggest you strip it back to factory spec to cut down the costs... also, if you can afford to replace the car as opposed to repair it (depending on the price you paid), then I'd go for Third Party Fire & Theft to bring the costs down even further.

For the record, I got my first car when I was 24, a little H reg Ford Fiesta which I paid £600 pound for. I had a provisional license and was the only driver on a TPFT policy and I paid £485 for the year - I thought that was quite good considering my driving instructor told me I could expect to pay over £1000! And yes, I did make a claim on the same policy (but on a new car I bought after passing my test), cost an additional £350 to upgrade but they paid out...

jonesMUFCforever

I would have thought the easiest way to find if its acceptable for your son to be on the V5 but you insure the car is to ask the I nsurance company who have given you the cheapest quote either by letter or e-mail and keep the reply you get in a safe place in case of having to make a claim.
Eric

maclean2

Hi - in answer to your query about whether there is a cheaper insurance company have you or your son been told about the pass plus scheme.Look at their website https://www.passplus.org.uk for more details.Essentially it comprises 6 extra lessons taken immediately after your son passes his test for motorway night and bad weather driving so would broaden your son's driving experience.Coupled with that around 10 companies give insurance discounts of typically 20-30%.However the direct companies such as Tesco and Churchill do not mention this in their websites but will offer it if you telephone them.The discount can be considerably more than the cost of the extra lessons.A cousin of mine is a driving instructor and he tells me that Provident Insurance often work out the cheapest with the pass plus discount.They only deal through brokers.Try DNA Insurance's website or ring Radical Insurance on 0870.7531128 or ASA on 0845.0060190.They all specialize in new/young drivers.Pass plus discount would only apply if the policy is in your son's name.

As for the alloys I would buy 4 steel wheels from a scrap yard and at a guess this would cost around £40.A tyre depot would charge around £30 to change over the tyres and you can still sell the alloys on Ebay.

Best of luck

MarkyMarkD

I'm not sure that the OP is listening to the full advice people are giving, but anyway, here goes with some more.

(1) It might seem better value to insure in your name, but it's fraudulent to mis-declare the main driver. If you have another car, it is fairly apparent you are not the main driver on your son's runaround.
(2) As previously pointed out, if you insure in your name, your son won't get any NCD. He might save money on premiums in the short term, but he will pay far more in later years. It's better to earn an NCD on a cheap car and then to use it on a possibly more expensive to insure car later on.
(3) It's not as easy as previously suggested to insure a car which is not legally owned by or registered to the insured. A search on https://www.elephant.co.uk suggests that only half of the companies they quote from (and that's a lot of companies) will insure where the insured is not the registered keeper and owner. If you are excluding half the companies by wanting a distinction between the insured and the registered keeper, you are likely not going to save the amount you expect to save as a result of insuring in your name rather than your son's.

Do the right thing - insure it in his name, with him as main driver and yourself as an additional driver. But work VERY hard on getting a competitive quote. All in all you should end up with an OK-ish deal, and the assurance of getting paid out if there's any incident ... and your son will build up his own NCD for future use.

gizmoleeds

MarkyMarkD wrote:

(1) It might seem better value to insure in your name, but it's fraudulent to mis-declare the main driver. If you have another car, it is fairly apparent you are not the main driver on your son's runaround.

Most of us were not suggesting this - we were simly usggesting having the insurance in her name, but with her son as the main driver.

You are right though, it would be better all round for her son to insure it himself, but if he is going to university or some other full time education it might be better for him to delay the increased insurance costs until later.

You could always ask your son to make yourself the registered keeper.

jaybo

Im really struggling to find Car insurance for my eldest son.

He has just passed his test :cool: and is aged 17, he will be 18 next month. :beer:

We have no problem with waiting till he is 18 if this helps get the quote down.

He is being quoted in excess of £3000 for a VW POLO 1.4 which is only worth about £1000. Ive tried just 3rd party only too.

Its a wonder that young drivers ever manage to insure themselves, and this makes me think just how hard it is for young drivers to actually get on the insurance ladder. NO wonder we have thousands of young drivers on the streets with no insurance ...its a scandel :mad:

Any suggestions :idea: would be greatly appreciated

thanks in advance