New driver Insurance (17y/o)

cajef

clkaz wrote: »

its a bmw 5 series
Just out of interest hw can the insurance companies find out if u r fronting?

Insurance companies are not stupid, someone with a BMW suddenly wants to insure another older lower value and insurance group car, then add a 17 year old son who has just passed his test as a named driver, alarm bells begin to ring.

It is not worth it, apart from being illegal in the event of a claim they would investigate asking people who drives the vehicle regularly, if they found out as already stated they could invalidate the policy then you may have to pay thousands of pounds for repairs to another vehicle and possibly compensation for anyone injured and you would have trouble getting insurance in the future.

bouncydog1

Insurance company staff have seen it all before - "I've just bought a car that I want to insure for members of the family who might stay with us and need an any driver policy"- "no problem madam, we will exclude any drivers under 25"!!

Your parents just have to accept that they will have to pay the premium - might be worth them speaking to the company where their current vehicles are insured. We managed to get a very good deal for our 17 year old daughter, FC in her own name on her own car where both our cars are insured. She is also covered to drive the big 4 x 4 - costs an additional £250 p.a. but she only uses this very occasionally.

Your parents may have an insurance broker that deals with all of their policies so it might be worth talking to them as the brokers have access to markets that the public don't.

Exciting times, but just remember that drivers who have recently passed their tests are more likely to have accidents due to inexperience, so please be careful. You worked hard to earn your licence and want to keep it.

The.Far.Tall.Knight

clkaz wrote: »

I passed my driving test today, and am looking to buy a car. I'm just wondering if anyone has any tips about which car to buy. Obviusly my main concern is the insurance premium, otherwise I wouldn't be posting here.

What are good cars for cheap insurance (for males that is - i.e. no micras lol)

Are there any insurance companies out there known to have good cheap insurance premiums.

I'd really appreciate any help.

Cheers guys & girls!

Congratulations on passing your test, and I mean that sincerely. As a driver myself of some 30 years now I can say you are on a journey that will take you down a learning curve till you finally realise you cant afford to run it unless you're on a 5 figure salary, with the decimal point 3 places to the right especially if the government have owt to do with it, there has been some constructive posts on here for you and some not so constructive but being part of MSE means you are a natural born cynic or at least a closet cynic because you are tired of being ripped off. I can appreciate why you want something sporty ie: no micra's etc 'cos your'e only young and its natural to want to show off a bit but until you have breached 21 and got at least 3 years NCD under your belt you'll be lucky to insure anything with four wheels & an engine for less than 3k fully comp, or even 3rd party!! A young collegue at work (female under 21) is currently paying 2.5k for a clio!!). You are one of the lucky ones if mum & dad are going to pay for it or at least subsidise it but they must be on a reasonably good salary to be able to afford it and I can appreciate why they would feel more secure getting you to run errands like picking up little bro & sis from school freeing up their time, (expensive baby sitter though).

Someone suggested:

1. wait until you are 18, or
2. wait until you are 21, or
3. wait until you are 25

The first 2 options are the most viable but the insurance will be gargantuan on option 1 & 2 till you've got NCD and by the time you've got past 22 towards 25 the cost of petrol/diesel will be about £10+ gallon!! its already £5.70av for petrol & just shy of £6av for diesel!! So insurance and fuel aside there's MOT, tyres, general maintenance, servicing etc, gotta agree with options4u it should be about £65 to £85 a week to run it even if it is a 1.0 or 1.1 fiesta, an Audi A1 will be expensive and you will probably get refused by some for an A3

dacouch

no-oneknowsme wrote: »

As the company will also have cancelled your insurance , when attempting to find another company to insure you , you have to declare that you have had insurance cancelled which leads to massively inflated prices !

Just not worth the risk.

Spot except it is the policyholder eg the parent who fronted the policy and would have to declare they have had a policy cancelled / voided along with the subsequent problems it causes.