Cost for adding a young driver to a policy

sujester

I have a lease car (ford focus) - the lease expires in a few weeks and I want to buy the car. Quotes for insurance are around £400 for me alone, but to add my 19yr old son who passed his test last month the quotes go up to over £4000! Any advice on getting this cheaper?

somethingcorporate

Who will be the main driver (i.e. the most miles)?

Lokolo

It might be cheaper for him to get a car and have his own insurance.

Have you tried Admiral?

(p.s. I have a car for sale )

CLAPTON

what car are you thinking of buying?

Lokolo

CLAPTON wrote: »

what car are you thinking of buying?

wait for it..... wait for it......

(if you're still confused, read the first few words "I have a ford focus on lease and am thinking of buying it")

CLAPTON

Lokolo wrote: »

wait for it..... wait for it......

(if you're still confused, read the first few words "I have a ford focus on lease and am thinking of buying it")

really .. there is only one model of a ford focus and they all share the same insurance group (well if there were only one, they would wouldn't they )

Lokolo

CLAPTON wrote: »

really .. there is only one model of a ford focus and they all share the same insurance group (well if there were only one, they would wouldn't they )

Haha yes I suppose so! I thought you didn't know at all what car!

sujester

Its a 1.6 Style, nothing special. I drive about 15K p.a. including business, he would use it hardly at all but the quote sites don't ask how many miles he would do. I'll try Admiral, and maybe upping the excess to £1K. My daughter is taking her test at the end of the month - don't think I can afford for her to pass now! Car is only worth £5K.

Seriously thinking of sending the car back and buying something else with cheaper insurance.

Lokolo

sujester wrote: »

Its a 1.6 Style, nothing special. I drive about 15K p.a. including business, he would use it hardly at all but the quote sites don't ask how many miles he would do. I'll try Admiral, and maybe upping the excess to £1K. My daughter is taking her test at the end of the month - don't think I can afford for her to pass now! Car is only worth £5K.

Seriously thinking of sending the car back and buying something else with cheaper insurance.

I'm surprised its that much. If its '05+ version then you should be in group 6 or 7. My new car (woo) is group 5 and cost me £700 Fully Comp but I have 4 years (0 no claims though).

I would try different insurers, see what happens if you put him as main driver too.

bouncydog1

You need to speak to a broker as the comparison sites will automatically rate on the youngest driver.

Insurers have had many issues with fronting, where parent is not main user but says they are to keep costs down. Invariably some will now base on the age of the youngest user for this reason.

Best option if affordable for you will be to get him a runabout and insure in his name and at least that way he will start to build up no claims bonus.

Unfortunately young drivers have the highest number of accidents and it is not the vehicle cost that worries insurers so much rather than the value of the third party claims. Now not uncommon for these claims to run into 7 figures if the injured party is a young person with good career prospects. Recent award locally was several £m because the person injured was left needing 24 hour care for the rest of his life and was early 20's when injured by a third party who just happened to be a young lad just passed his test, found guilty of dangerous driving!

Not every new driver drives like that but these idiots are the ones that put the cost up for everyone else!

sujester

Thanks. Just seems so wasteful to get a second car really, but I get the point.