Son Passed Test- Insurance Tips please

POPPYOSCAR

Cheapest we found for our son was Admiral(through Comparethemarket.com) on a peugeot 106 put both parents down as named drivers.

jaydeeuk1

If your son agrees to share the car with you, then put yourself as the main driver - fact that insurance will at least halve will be a good incentive for him to agree. Just make sure he doesn't 'mod' it any further than a nicer CD player as that will increase premium. Simples. What I did for the first 4 or 5 years when I passed my test, saved thousands, even direct line recommended it as the way to go. Mum borrowed the car when at work, I had it for evenings.

jodun_2

I've got 17 year old twins (boys) who pay about £4,300 annually between them, third party only for a 1.2 Fiesta and a 1L Corsa. I'm a named driver on both policies, I was cheaper than adding my husband. This is with Quinn. We phoned round loads and that's the best we could get. The combined value of their cars is less than half that!

pendulum

jaydeeuk1 wrote: »

If your son agrees to share the car with you, then put yourself as the main driver - fact that insurance will at least halve will be a good incentive for him to agree. ... saved thousands...

Did you though?
If you get a policy in your own name the first years policy is very expensive but you obviously earn the NCB which has a huge affect on future premiums. My first years NCB nearly halved my premiun from about 1266 (always remember the cost of my first years insurance! :mad::rotfl:) to about 700. And then the third year was about 480. 4th year a little cheaper, 5th year cheaper still.

NCB = Cheaper!

If I had been just a named driver all the time the first year would've probably been half what I paid, but all subsequent years more costly because no NCB was being accumulated or taken into account. Its pretty dubious whether you save money in the long run doing that, but it wouldn't be hard to run through the figures and check though.

Of course, if the parent is going on the policy as the main driver then they should actually be the main driver... which I don't think is the case here...

iamana1ias

jaydeeuk1 wrote: »

If your son agrees to share the car with you, then put yourself as the main driver - fact that insurance will at least halve will be a good incentive for him to agree. Just make sure he doesn't 'mod' it any further than a nicer CD player as that will increase premium. Simples. What I did for the first 4 or 5 years when I passed my test, saved thousands, even direct line recommended it as the way to go. Mum borrowed the car when at work, I had it for evenings.

Which is fraud and illegal if it's not actually the case. Can render the insurance void.

Not the brightest bulb in the box, are ya?

Jakg

lukehar6569 wrote: »

This might not be as useful to you but possibly to others, some companies are cheaper for provisional drivers (I assume as they can't drive without an experienced driver with them) and then when you pass your test they either don't charge the difference (Quinn didn't at the time, they charge half the difference now) and others only charge some of the difference. This saved me about £700 when i first passed (3 years ago)... best thing was they changed the policy before i'd finished pass plus so they gave me £100 back for doing that!

Quinn will ramp up the price when you pass - mine literally doubled in price with 6 months left on the policy when I passed.

foreveramum

Hi everyone, here is my update on this subject.

We have decided on this option as it appears the cheapest and most logical.

We have contact Privilege where we have insurance for a small car in our family and had a chat with someone. To put our son on this policy is £1100 extra and he will gain his own NCB after one year and so on. After all the calls and internet we have become drained of the cost of insurance for the poor chap and for others as well in this position.

I understand the comments about main driver and such, however our son is at college and like he said, will hardly use a vehicle for the moment. So this way we feel we gain for him as he can use our car when he is home now and again and we do not break any insurance rules.

He is saving hard as well as at college and like he said, even if he could afford a car at the moment, the cost of insurance and ongoing repairs/fuel/service etc take the gloss out of owning a car at the moment.

So this will help him on his way and hopefully in a couple of years he will have built up some nice NCD bonus!!

Thank you once again for your invaluable help and advice, which became very helpful in our fruitful search. :T

jaydeeuk1

pendulum wrote: »

Did you though?
If you get a policy in your own name the first years policy is very expensive but you obviously earn the NCB which has a huge affect on future premiums. My first years NCB nearly halved my premiun from about 1266 (always remember the cost of my first years insurance! :mad::rotfl:) to about 700. And then the third year was about 480. 4th year a little cheaper, 5th year cheaper still.

NCB = Cheaper!

If I had been just a named driver all the time the first year would've probably been half what I paid, but all subsequent years more costly because no NCB was being accumulated or taken into account. Its pretty dubious whether you save money in the long run doing that, but it wouldn't be hard to run through the figures and check though.

Of course, if the parent is going on the policy as the main driver then they should actually be the main driver... which I don't think is the case here...

My first car was a 1.6, and cheapest quote was near £3000. From memory, putting mum as a main driver so she can use the car when going to work bought it down to around £800, and then less each year. My 4th year quote was about £500. I'd guess I spent about £2800 over the 4 years. In my own name, assuming insurance halved each year, I would have spent £5600. Splitting driving roughly equal with mum, I saved over £2500. Now who's the dull bulb?

Of course, only works if son agrees to let you use the car too. And psychic enough to know you'll do more miles.