New driver Insurance (17y/o)

opinions4u

1. Wait until you're 18 (or better still, 25) before buying your first car.
2. Buy a car with a small engine and a low insurance rating. If you want something "cool" or with "street cred" you will be priced out of the market.
3. Name Mum and Dad on the insurance - in that order.
4. Work out your budget, not just for now, but for how you're going to keep the car on the road:

Insurance: £2,000 (estimate - could be more)
Tax: £100
Service & MOT: £200
Ad-hoc repairs, breakdown membership and tyres: £300
Round up by 20%: £520

So I reckon you will need to find £3,120 over the year to keep the car on the road. That's £260 a month. I'd also suggest you try to save £100-£200 a month on top of this towards the next car. Because the one you buy will be falling in value from the second you drive away in it and one day it will need replacing. The amount needed will fall if you're a sensible driver and remain accident free. But at your age, I wouldn't assume that you will be building up NCD. Being a boring driver in a small and boring car is the way to get your costs right down in time.

I don't know anything about the site in the link in point (2) above, but the cars listed appear to be what I'd expect a brand new driver to be looking at.

Use the comparison site, Admiral, Aviva to get quotes.

Mrs_Jojo

extremely_bored wrote: »

....As a new driver you will more than likely crash,....

Cheery thought :rotfl:

clkaz

opinions4u wrote: »

1. Wait until you're 18 (or better still, 25) before buying your first car.
2. Buy a car with a small engine and a low insurance rating. If you want something "cool" or with "street cred" you will be priced out of the market.
3. Name Mum and Dad on the insurance - in that order.
4. Work out your budget, not just for now, but for how you're going to keep the car on the road:

Insurance: £2,000 (estimate - could be more)
Tax: £100
Service & MOT: £200
Ad-hoc repairs, breakdown membership and tyres: £300
Round up by 20%: £520

So I reckon you will need to find £3,120 over the year to keep the car on the road. That's £260 a month. I'd also suggest you try to save £100-£200 a month on top of this towards the next car. Because the one you buy will be falling in value from the second you drive away in it and one day it will need replacing. The amount needed will fall if you're a sensible driver and remain accident free. But at your age, I wouldn't assume that you will be building up NCD. Being a boring driver in a small and boring car is the way to get your costs right down in time.

I don't know anything about the site in the link in point (2) above, but the cars listed appear to be what I'd expect a brand new driver to be looking at.

Use the comparison site, Admiral, Aviva to get quotes.

my parents will be paying for everything anyway!
And they are more excited than me cos it means I'll be able to pick my brother and sister up 4rm skl, etc and run other errands lol, and it'll be less hassle for them!

Thanks for the info! We r gna get a small car from auction and see from there.

newfoundglory

The best things you can do are:
1. wait until you are 18, or
2. wait until you are 21, or
3. wait until you are 25

You get the idea. Anyway, seriously, if you can wait until you turn 18 you will probably save quite a bit.

You either want something really really you can insure third-party, or a small new car no older then 3 years (fully comp).

no-oneknowsme

Clkaz - congratulations on passing your test.:T

DCFC79

Mrs_Jojo wrote: »

Cheery thought :rotfl:

i never crashed when i first passed my test, some of my friends who passed around same time also never crashed and never have crashed but there are drivers esp young ones who do crash

clkaz

no-oneknowsme wrote: »

Clkaz - congratulations on passing your test.:T

Thanks!! I'm well chuffed
ur the first one on here to congratulate me. haha

newfoundglory wrote: »

The best things you can do are:
1. wait until you are 18, or
2. wait until you are 21, or
3. wait until you are 25

You get the idea. Anyway, seriously, if you can wait until you turn 18 you will probably save quite a bit.

You either want something really really you can insure third-party, or a small new car no older then 3 years (fully comp).

Hmmmm....the thing is I can't really wait. I've learnt to drive for a reason and I'm 18 in just over 7 months and will probabaly have forgotten to drive by then! lol

no-oneknowsme

clkaz wrote: »

Thanks!! I'm well chuffed
ur the first one on here to congratulate me. haha

Your welcome . My Daughter is the same age as you and is considering learning to drive but the insurance cost puts her off. We got some dummy quotes for her as if she had just passed her test and the quotes came back at almost 2k !

Shes a student so couldnt afford that so the lessons will have to wait a while.

clkaz

no-oneknowsme wrote: »

Your welcome . My Daughter is the same age as you and is considering learning to drive but the insurance cost puts her off. We got some dummy quotes for her as if she had just passed her test and the quotes came back at almost 2k !

Shes a student so couldnt afford that so the lessons will have to wait a while.

learning to drive is mighty expensive. But after all it is a skill you will remember and use for the rest of your life so in that sense it is all worth it. And I guess the "start-up" costs are expensive as well. I guess it just depends how much you need to drive or how desperate you are.

I'd say even if u arent planning on getting a car/driving straight away, it's still worth learning to drive and get the test out of the way, that is when u hav time but.

I'm at school so has mostly 2 hour lessons and most were at weekends, and I took advantage of the holidays having more lessons

no-oneknowsme

Did your parents help with the cost of your lessons ? They are mighty expensive now and myself and my OH arent really in a position to help pay for DD's lessons just at the minute.

DD does have a part time job as well as being a student but when it comes to the end of the week if theres a choice of saving for driving lessons or blowing a weeks wages on new clothes....well.....with a 17 year old girl im sure you know which option wins;)