Young Drivers' Car Insurance Discussion

beck2709

Well I have followed everything to do with young drivers insurance that Martin Lewis advises for my 17 year daughter and the cheapest quote is £3500. I'm so frustrated as its only a 1l Yaris that's worth £800. At this rate we are going to have to sell the car as we can't afford the insurance. It's just not right!! ��

busiscoming2

beck2709 wrote: »

Well I have followed everything to do with young drivers insurance that Martin Lewis advises for my 17 year daughter and the cheapest quote is £3500. I'm so frustrated as its only a 1l Yaris that's worth £800. At this rate we are going to have to sell the car as we can't afford the insurance. It's just not right!! ��

Perhaps it's the area you live in/

Have you tried putting an older driver with no convictions etc on the policy? If you have other vehicles in the house, have you tried Aviva Multicar?

forgotmyname

Try a Daewoo Matiz or a Fiat Panda. One of the small Fiat's not the 500.

rudekid48

forgotmyname wrote: »

Try a Daewoo Matiz or a Fiat Panda. One of the small Fiat's not the 500.

although there is a decent looking promotion on for Fiat 500's that includes insurance - http://www.fiat.co.uk/uk/financial-services/500-with-insurance/promotions?campaignid=PPC75610&gclid=CI_IxJKn0sMCFafLtAodNGYAWA

fifi35

My son is 20 and a student passed his test yesterday. I have tried to get him insured for my Peugeot 207 but it is coming up at over 2k for him to be a named driver.
Marmalade do a deal where you buy a small car on pcp pay around 200 per month and get free insurance for a year. If you insure with them the second year you get 50% discount.

Has anyone else done this with Marmalade? Is there a cheaper way?

Thanks

Frustrated mother.

forgotmyname

It maybe cheaper for the first year and possibly the second but if he has accidents or claims then the insurance cost may rise considerably. Have a car on a PCP thats longer than the agreed insurance term could be trouble.

I did mention the Fiat 500 scheme to someone and Although cheap for 3 years insurance. If they turned out to be accident prone then they might not be able to afford the insurance after the 3 years yet still having to pay for the car.

Getting them a cheap car and let them pay the insurance so they will hopefully drive more sensibly was the way i went.

Beware buying an older car though, I found insuring a car over 10 years old actually cost more to insure than a newer one.

fifi35

Thanks for the reply. I will look at the Fiat 500 deal.

GeoffJ

I confess to being confused about how this works, especially having read many of the previous posts on this forum. I brief: I phoned my current insurance company to obtain a quote for my 17 year old son (who is learning to drive) to drive an elderly low(ish) mileage Suzuki Swift 1.3 on a comprehensive policy. He's a student, at home, etc without any NCD nor does he drive my car. They quoted £3,200 but as I was expecting something in the order of £2K I asked them to quote with me as an add-on driver. I'm mid-60s, clean record, been driving since time began with max NCD (78.5%) and my one and only attributable accident was last year when I clipped a wall in a car park and scraped the side of my car (repair cost £1,200). I was stunned when the insurer quoted £9,300 with me as an additional driver - after all, I pay the same insurer less than £500 on my current 2 litre car.
This episode took me to MSE and the Young Drivers Insurance guide. And, thanks to the comparison websites, I have a number of quotes for less than £500 for my son - rather than £3K plus from my current insurer. I have yet to see how much extra I would be, but my current policy allow me to drive anything not hired to me on a TP basis - so I'm not too fussed.
However, the point of this post is my concern about the massive variance for my son alone (<£500 to >£3,000) for identical requirements. Are the cheaper quotes reliable; are the insurers viable (I do not recognise any brands); and can they be trusted? I should be grateful for any advice, especially from someone who uinderstands the market and can perhaps, explain the variance? many thanks

rs65

GeoffJ wrote: »

I have a number of quotes for less than £500 for my son - rather than £3K plus from my current insurer.

£500 for a 17 year old is remarkably low. The risk is much lower whilst learning as he will be driving little and supervised all the time.

Ask them how much it will be when he passes his test.

GeoffJ

Thank you. I will do and I understand the point you make. I suppose I'm back to my £2K original ball-park.