Great 'Young drivers car insurance savings' Hunt

popadom

i have heard that insurance companies cant refuse you cover-but once they have reached theyre targets they just bump up from say 1k to (very extreme) 66k(based on a 17 boy driving a flash car). I dont know when the cycle is but i check the prices say on the 1st,15th and 29th of the month and they can be cheaper depedning on the company.

Young marmalde allows you to move a few feet i think,maybe more, to allow you to move the car. But they are strict-dosnt matter the excuse they will fine £60 . Youd have to pay for the box (i think £200) then rent .If you have an accident you have to buy a new one, and they can take a few days to remove it if you need to sell the car. Pass plus reduced it from £3000 to £1000 (and we had to pause a min to get max effect) Worked for an insurance company and left after a few weeks -when the kids or parents called up i honestly wanted to say "have you tried money supermarket? or similiar?" but that wouldnt have gone down well i think.

bouncydog1

Insurance companies can and do refuse people cover - they may simply have closed their book for that type of risk/area/age group/car type etc.

Underwriters make their own rules which they are pefectly entitled to do, depending on the circumstances applicable at the time. They may, for instance, have received a third party claim involving an 18 year old driver, so take the decision not to insure any more individuals of that age group, although somebody of that group may have been able to purchase cover from them before.

Sometimes instead of refusing cover, they will quote terms, but make them very expensive. Individual then has the choice of take it or leave it.

DCFC79

coldjim wrote: »

i dont know if anyone can help me, but i am currently looking for a car. I am 19 years of age, and passed my driving test in october last year. I've been looking all over for cheap car insurance on my own car, but i cant find any cheap quotes! cheapest i have is like £3500!!?? I haven't got a car yet, i have just been putting in cars off autotrader etc, to see what the price would be. But i have no luck....

i think its endsleigh who cater for young drivers, have you tried them, google parkers guide and im sure theres a link there for cheap cars to buy and run

rev_henry

bouncyd!!! wrote: »

Insurance companies can and do refuse people cover - they may simply have closed their book for that type of risk/area/age group/car type etc.

Underwriters make their own rules which they are pefectly entitled to do, depending on the circumstances applicable at the time. They may, for instance, have received a third party claim involving an 18 year old driver, so take the decision not to insure any more individuals of that age group, although somebody of that group may have been able to purchase cover from them before.

Sometimes instead of refusing cover, they will quote terms, but make them very expensive. Individual then has the choice of take it or leave it.

Surely it makes more sense to quote a silly premium than refuse cover if they don't want to insure someone? That way most people will be put off but they might get the odd person who is happy to pay £50,000 or something.

Zack1

Which address would I put in? Just using that young marmalade (as it seems to be the only one that doesn't want my full address - last time I put my full address in they all spammed me with rubbish) it seems if I put in uni's postcode it's more expensive than my "home" one. Which I find hard to believe as my home area is quite rough but there we go...

So do I need to put uni as I live here all the time, or home because I still have some bank cards etc registered there?

Also is there a list of cars that are cheap to insure? (Even if they are expensive to buy). I had it on my old computer but have lost it

rev_henry

Zack1 wrote: »

Which address would I put in? Just using that young marmalade (as it seems to be the only one that doesn't want my full address - last time I put my full address in they all spammed me with rubbish) it seems if I put in uni's postcode it's more expensive than my "home" one. Which I find hard to believe as my home area is quite rough but there we go...

So do I need to put uni as I live here all the time, or home because I still have some bank cards etc registered there?

Also is there a list of cars that are cheap to insure? (Even if they are expensive to buy). I had it on my old computer but have lost it

Erm, whichever address the car's at most of the time? There's no official list - just have a play around with a variety of cars.

chambord

I have just insured my son's fiesta with "only young drivers" through Swinton insurance. Fully comp with 1 year ncb about £800. He is 19 and has had a full license since december. I think it helped that we insured in his name while he was learning therfore gaining 1 year ncb. Also added my husbands name as second driver. Let me know if this helps.

lisyloo

That way most people will be put off but they might get the odd person who is happy to pay £50,000 or something.

And they'll be very happy to take the business.
Lots of companies will price jobs they want to do well, whether that's because they like the person, will enjoy the work or it's strategic.
If someone accepts a high quote then they might not like the work, but they are being compensated for that financially.

mikey72

chambord wrote: »

I have just insured my son's fiesta with "only young drivers" through Swinton insurance. Fully comp with 1 year ncb about £800. He is 19 and has had a full license since december. I think it helped that we insured in his name while he was learning therfore gaining 1 year ncb. Also added my husbands name as second driver. Let me know if this helps.

That's a good deal.
If a few more insurers offfered realistic prices, maybe we wouldn't have to keep reading about "un-insured drivers" in the Daily Mail.

julie777

There are also massive variations due to postcode.
Other people are clearly seeing MUCH higher premiums.


I'm curious about the postcode variations? Would this be by county, town or street? And is it related to crime or bad driving records?