Student Car Insurance - Are most young drivers actually insured?

PasturesNew

By the time I got a car I'd built up some NCB on mopeds and small motorbikes.

newfoundglory

This year was my first year with a license and a car - i'm 26. Cost me £700 for a 10 month "bonus accelerator" policy with a silly £650 excess just to insure a Ford Ka.

Due to the fact i've been in non-fault accident where the third party was 100% liable, its still going to add virtually 10% extra to my upcoming policy renewal, and even though I now have 1 years no claims discount (which should be 30% off) insurance price increases basically leave me with no discount at all.

But, and I know its not ideal, at £1800 I'd just hire cars at the weekend or as you need them. You won't get any no claims - but as i've seen recently it doesnt make much difference.

nicter

Can you name one of your parents as a named driver? They dont need to drive it .. just be named. For some reason this reduces premiums

sallyj20

My son is having the same problems - £1800 for a "N" reg 1.2 Renault Clio!!! He has 2 years no claims on his motorbikes (he has a full bike licence aswell as car) and yet no insurer seems to take this into account. Used all the tips on this site to try and get a lower quote.

Anybody know of any Insurer that will take his bike no claims into account?

mikey72

newfoundglory wrote: »

But, and I know its not ideal, at £1800 I'd just hire cars at the weekend or as you need them. You won't get any no claims - but as i've seen recently it doesnt make much difference.

At 19, there's a good chance the op couldn't get car hire. 25 normally nowadays for a reasonable rate.
Guess why?
Young drivers surcharge only goes down to 23 or maybe 21. Only another £15 or so for each day.

adamc260

http://www.endsleigh.co.uk/Motor/Pages/student-car-insurance.aspx

May be worth looking at that

"Get 1 year’s worth of NCD in just 6 months, with Student Bonus Accelerator.
Discounts of up to 15% available depending on your university."

Durham University are on the list too

silvercar

Try Admiral. We found them cheapest for a 20 year old this year, also Directline were cheapest last year, so worth a try.

Bamber19

Madsalty wrote: »

How are young drivers like myself supposed to gain driving experience?

You're not. We've got to a point where insurance companies simply don't want to take on the risk of young drivers and therefore price them out completely.

Madsalty wrote: »

I'm not a bad driver, infact I passed with 0 Minors, and I really don't care for speed. Yet why am I effectively classed as a boy racer?

Because although you are not a boy racer, statistically you are.

Dependant upon the situation these kids you talk about are likely insured through dodgy "You can only drive at certain times" companies or on their parents policy. Students aside some other youngsters just are daft enough to be paying £2-3000 on insurance.

How are you getting along without the car? If you're not really in need of it i'd wait and tell your parents to sell the car (it's being wasted just sitting on a driveway) The advantage of having a few years no claims bonus (dropping your policy by maybe £200) when you're 22-23 is going to be completely negated by the £5000+ it's cost you in insurance over those years to build it up. In short building up no claims as a young driver is pretty worthless so if you don't need to drive you're as well to wait (Easy to say given I lived 2 minutes walk from a rail station...)

huckster

I wonder how much of the premiums reflect the accident risk of young/inexperienced drivers and how much reflects the risk of overall claims made by the under 25 age group. It is not all about 'boy racers' driving around like idiots having smashes. There is also the higher risk associated with cars being driven into city centres late at night.

If premiums continue to rise across the board, many more people are going to be priced off the road and not just the under 25's. Perhaps if their was a purge on putting fraudulent claimants behind bars, we might see an improvement. Yesterday the ABI said that fraudulent claims were estimated to be running at £3.2 million a day, but that was overall and not just for Car Insurance.

adamc260

Mines steadily dropped over the years

I passed me test when I was 17 but didnt get me own policy till I was 18, mines steadily gone from about £1600 > £1100 > £800 > £550