Car Insurance Advice

jamezao

Hi,

Basically my situation is this:
I'm a 22 year old male driving a 1.4 litre Ford fiesta. I purchased the car before I had passed my driving test. I insured the car as a provisional driver whilst learning to drive from mid July or so. I then passed my driving test on the 29th of September and I thus dutifully informed the insurance company of this fact.
Whilst I did expect to pay more for my insurance as I was no longer required to drive under the supervision of an experienced driver, I did not however expect it to increase by the amount it has.
I've gone from paying 106 pounds a month to paying 344 pounds a month and with the initial payment came to about 1300 pounds for the year, since passing the test it works out at about 2500 for the year. The insurance is with Asda car insurance online.
I also checked to see how much the insurance would be for someone in exactly the same position as me but instead as if they had just passed rather than a provisional driver that goes onto pass his test and the amount is 1800 pounds.

Thanks for any help that can be provided,

James

Quentin

Before cancelling and moving elsewhere factor in the full cost of cancelling (ring and ask them for the total you will owe them if you cancel - and get them to confirm that in writing to you (cancellation charges will total more than whatever their admin fee is for cancelling).

Also bear in mind you won't get any NCD for the current year if you cancel mid term.

If it is still worthwhile to move then you know what to do!

wilykit

344 A MONTH?!?! I had to read that twice to check I had it right! That is ridiculous!!! I am 22 and I have a 1.6 litre car and pay just over £450 a year! I know I am female but it shouldn't make that much of a difference surely? I agree with Quentin and would get a settlement figure from them to see if you can change insurers. Tesco are the best for insurance atm in my opinion!

lightninjim

Insurance companies are SEXIST and AGEIST but there's not much we can do.
My youngest brother in law has just passed his test and will be driving a transit van as its going to cost £6-700 a year whereas the cheapest car quote he can get is more than £2k more.
In the under 25 age group being female makes a HUGE differenc

Jim

charlearose

how old is your brother in law and who did he insure with thanks as stepson is trying to get car insurance at the moment but is getting quotes around 2.500 3000
thanks

My youngest brother in law has just passed his test and will be driving a transit van as its going to cost £6-700 a year whereas the cheapest car quote he can get is more than £2k more.
In the under 25 age group being female makes a HUGE differenc

Jim[/QUOTE]

lightninjim

He's going with the same insurance company as me - Swinton. The qoute was done in office not online.

He's 18, only just passed his test and the quote was for an X registered transit van on TPFT. If I recall the excess' were around £300, it was as low as they'd let him go anyway. This is a normal private policy with commuting;- not a commercial one.
The same office for a car were 2k dearer. He checked online several times for quotes. The cheapest he got was for a daewoo matiz, I'm sure that one still came in over the 2k mark (and it's a group 2). I can't be mega specific because he's not here but can get him later if you need more.

Jim

Although he's saving in insurance costs I know from experience that an empty transit does about 25mpg. My car gets almost 60mpg. When commuting it's going to add up. Also, an old battered transit is hardly the chick magnet that young lads are after LOL.
Edit:- He checked several times online for car quotes not van. Sorry

jamezao

I'm unsure how it works out more expensive to start as a provisional driver than change to a fully licensed driver, than it is to insure the car as a first time driver. When its less expensive to insure a car as a provisional driver. Surely it should land between the two prices.

newbie007_2

Quentin gives good advice. You are deemed higher risk when driving without supervision. But ouch 344 a month, thats what I just paid a year full comp for a yaris 1.3 not including £43 from quidco.

Add an older experienced driver like a parent, that should bring it down a little. Seriously I just wouldnt drive if thats the price I have to pay.

DCFC79

jamezao wrote: »

I'm unsure how it works out more expensive to start as a provisional driver than change to a fully licensed driver, than it is to insure the car as a first time driver. When its less expensive to insure a car as a provisional driver. Surely it should land between the two prices.

if you insure as a learner its cheaper as you have to have an experienced driver as a passanger to give advice etc to you but once you pass you dont have to have an experienced driver as a passanger so the cost will go up as you dotn have anyone giving advice to you

as to why its over £300 a day i cant answer, do as newbie says and see if the price comes down

vaio

jamezao wrote: »

I'm unsure how it works out more expensive to start as a provisional driver than change to a fully licensed driver, than it is to insure the car as a first time driver. When its less expensive to insure a car as a provisional driver. Surely it should land between the two prices.

It's because as an existing policy holder they have him over a barrel and can charge what they like where as a new policy holder they try to tempt him into taking a policy by being cheap

OP..... Does your policy contain an actual term requiring you to inform them of passing your test?

Quote

wilykit wrote: »

344 A MONTH?!?! I had to read that twice to check I had it right! That is ridiculous!!!

Why is it ridiculous?