Car insurance for young drivers

jewells66

Official MoneySavingExpert.com insert

For full information on car insurance for young drivers, the Do's and Dont's, and much, much more, see the main website's Young Drivers Insurance guide.

Back to the original post...

---

Should we be expecting to pay between £2800 and £5000 for a new policy for a recently qualified young driver ?? Are there any specialist insurers out thee or can anybody give me' some advice.

Empty_pockets

Son of a friend had similar.

Went with Co-op with his dad as main driver. Was about £1200iirc and both earn NCB.

He had been quoted up to £11000. No suprise so many go without. I did many years ago, £200 fine.

anewman

Just so the OP is fully informed, putting parents as main driver is known as "fronting" and is technically insurance fraud. If you get found out it can get the parent who is named on the policy, and the son/daughter, in a lot of trouble. They will also not be building up any no claims and won't be being taught about paying their own way and choosing the best car for the cheapest insurance (instead of the car all their mates have/think is cool).

What you can do however is to add parents as named drivers to the policy, which should reduce the cost. Keep the mileage quoted reasonably low, keep it garaged or on a driveway if possible, and also try a few different cars in the online comparison sites. Do not assume small car, small engine and group 1 insurance means the cheapest insurance (particularly for a young person) - try some cars without street cred, a Skoda Felicia for example may not have much street cred, but it's better than a bus and a step up to something better later. Also do not assume third party only is cheaper than third party fire theft as sometimes it is not or costs so little more that it would be silly not to get that instead.

Just to add this subject has been covered quite extensively here previously

jewells66

Thank you both for your information. You mentioned that this subject has been mentioned previously, can you lead me to the threads that i can look up further posts on this subject.

iamana1ias

jgilby wrote: »

Thank you both for your information. You mentioned that this subject has been mentioned previously, can you lead me to the threads that i can look up further posts on this subject.

The search button is up there ^

Or just read through the insurance forum. Same question gets asked at least 5 times a day.

Money_saving_Martyn

In a nutshell:

No one company is cheapest for young drivers. Depends on every single variable (age, car, postcode, level of cover). Shop around.

Use Martin's guide: http://www.moneysavingexpert.com/insurance/compare-cheap-car-insurance to get the best price. Read it all.

Do not "front" with a parent - it's fraud. If you are the main driver, be honest and be legal. Adding a second/occaisional driver who is more experienced can reduce the premium by smoothing out the risk. Even if they will only drive the car once a year and only for 1 mile it can shave hundreds off. Also, it's useful to have someone else insured to drive your car in case you're ever caught ill while you're out somewhere or need someone to take your car somewhere (garage?) while you're busy.

I paid £1047 for my first lot of insurance 7 years ago. Even now, my quotes vary from £350 to £9917 (yes, 9 thousand).

Shop around - and then, haggle!

If you take some advanced training with your local IAM group, http://www.iam.org.uk the insurance company affiliated with them (IAM Surety) will (9 times out of 10) beat your cheapest quote if you're an "advanced driver" and over 19. It's quite powerful when you've already haggled everyone else down before you go to them

Good luck - and drive safely.

mickbhall

Admiral is pretty good for young drivers also if possible get them to do pass plus took £700 of my insurance this was 6 year ago tho.

anewman

mickbhall wrote: »

Admiral is pretty good for young drivers also if possible get them to do pass plus took £700 of my insurance this was 6 year ago tho.

As mentioned above unfortunately there are too many variables for one insurer to be the cheapest for one group of people. The best thing to do is to get as many quotes as possible using this site's guide linked to at the top.