Young drivers insurance, pulling my hair out!

gcyp

Try lv.com, (liverpool victoria). They were the cheapest for my son,s quote.

bouncydog1

Empty_pockets wrote: »

Try Co-op.

Personally, I'd go without, have done before and if I was in the same situation I would do again.

Charging any more than 2K is silly. 6K is just ridiclous, esp on a £500 car.

And it's people like you who cause insurance costs to rise. How stupid actively encouraging a young driver to commit a criminal offence. I would suggest that if you can't offer constructive advice you don't post.

You could have simply left your "advice" at line 1.

olly300

Empty_pockets wrote: »

Personally, I'd go without, have done before and if I was in the same situation I would do again.

I think the OP would like to stay in employment and not have people personally sue him as well as not being taken to court by the police.

Empty_pockets wrote: »

Charging any more than 2K is silly. 6K is just ridiclous, esp on a £500 car.

The insurance quote is due to his calculated risk to third parties if he had an accident.

OP do a search on classic cars on this board and the motoring board and see if that is an option for you.

Fine

gcyp wrote: »

Try lv.com, (liverpool victoria). They were the cheapest for my son,s quote.

Thanks for the suggestion but they was 7k and when I added my parent as named drivers it almost hit 9k.

I really appreciate the feedback from everyone but it seems im uninsurable for less than £4000 and I just cant pay that.

Im going to try the last few companies I can think of then im going to crawl onto my bed and cry..

bouncydog1

I don't see that anyone on here has suggested you contact a broker for advice. They sometimes have direct access to Lloyds where you may find a cheaper quote.

We managed to get very good quote for our 17 yo DD with Tradex although I am not sure if they now cover young drivers because they have recently had to pay a £14m claim for third party injuries caused by a young driver.

However give your local broker a call (apparently some people don't recommend Swintons but maybe there is someone else in your area).

Rossy.

Fine wrote: »

Thanks for the suggestion but they was 7k and when I added my parent as named drivers it almost hit 9k.

I really appreciate the feedback from everyone but it seems im uninsurable for less than £4000 and I just cant pay that.

Im going to try the last few companies I can think of then im going to crawl onto my bed and cry..

I know it sucks mate but see it from an insurance point of view - young drivers are a massive risk, i'm not saying you may have poor driving standards but the fact is many claims are made against the younger generation which results in massive premiums not just for you guys but also our premiums increase slighly to keep the float atop as such.

So..... you've got a Fiesta.

1. What reg/year is it

2. How much have you tried to value it with an insurer

3. Romford will be classed a bad postal code due to its crime rate etc - No offense I've been there, Won't be returning in a hurry lol!

And again as most said keep trying, don't give up. there are many young drivers on the road and they have been in the same boat as you right now - Hell we all have, but do not attempt to take a quick spin and get caught - you'll not get insurance for years

Fine

Im not exactly sure what a broker is.. Ive tried Adrian Flux and they said £6000 I think they're brokers?

I know Romford isnt the best of areas but I dont live in central Romford my road is actually very quite.. The car is a Ford Fiesta 1999 16v, 5 Door Ghia. V reg. I bought it for £650.

I value the car for about £700 but ive tweaked this and even at £1000 it doesnt change the price.

Rossy.

Fine wrote: »

Im not exactly sure what a broker is.. Ive tried Adrian Flux and they said £6000 I think they're brokers?

I know Romford isnt the best of areas but I dont live in central Romford my road is actually very quite.. The car is a Ford Fiesta 1999 16v, 5 Door Ghia. V reg. I bought it for £650.

I value the car for about £700 but ive tweaked this and even at £1000 it doesnt change the price.

Value it lower - You'll suffer if you write it off or it's gets stolen but a lower value does decrease the overall premium.

what CC is it.. 1.2 1.4?

clotofthecream

When I worked for Provident Insurance they offered (and I believe still do) a Provident Headstart policy aimed at younger drivers. The premiums will still be high around £1000-£1500. Your best option is to actually take the time to go into a broker on the highstreet and see what they can do. I know that Adrian Flux supplied these polices as did Swinton and Kwik-Fit. It's worth asking around and Provident do also give a discount if you have done Pass Plus.

Quentin

Rossy. wrote: »

Value it lower - You'll suffer if you write it off or it's gets stolen but a lower value does decrease the overall premium.

The valuation isn't the problem here - it's the age combined with the lack of experience and maybe the sex too!

(Mainstream insurance doesn't insure your car for a finite value - in the event of a total loss they just give you the market value at the time irrespective of how high you valued it on your application)

As a claim for damage to your own car wouldn't be viable because of the excess you would have to pay, you could try getting quotes with a massive voluntary excess (eg swiftcover will let you take a £1000 excess even though the car isn't even worth that)