Young Drivers' Car Insurance Savings Feedback

edited 22 March 2011 at 8:51PM in Insurance & Life Assurance
62 replies 40.8K views
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  • 19lottie8219lottie82 Forumite
    6K Posts
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    mikey72 wrote: »
    My 12 year old daughter wants to take up ministox racing now as she's found out the age you can drive in it in 11 to 16. Wonder if that would help insurance at 17?
    No chance, sorry.
  • sonudagr88sonudagr88 Forumite
    5 Posts
    As Martin says premiums are much cheaper this time of year . I did a similar scan of all the comparison sites in July and the cheapest available was £395 for the cover I wanted. This Saturday, when I genuinely wanted the insurance, I got the same cover (with a lesser excess) for £255. Moreover, at present there is an offer of free rescue/recovery/Homestart when you take out car insurance with Prudential - it lasts until 31 December. As Prudential happened to be the cheapest premium anyway for me it was a real bargain getting free breakdown insurance for the first year. Prudential may be competitive for others. It is chance I am getting insurance in Nov, but as well as being cheaper this year renewals will be cheaper in future years.
  • haycornshaycorns Forumite
    356 Posts
    Part of the Furniture 100 Posts Combo Breaker
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    18 year old male - passed test mid march.
    Toyota Yaris 1.0 2001
    Went with Elephant for him as the main driver + mum and dad as named drivers
    10 month policy which will give 1 yrs no claims if we can keep a clean sheet.

    £1750.

    Driving has changed his life as he is autistic and now has his independence so don't begrudge the money. Pleased his twin brother is not interesting in learning to drive yet!
  • Hi everyone
    my son aged 17 has just passed his test,we need help finding cheap car insurance.so far we have been quoted £4090 .this is too expensive,does anyone know how i can get a lower price?
    Hope to hear from someone

    thank you x
  • edited 12 May 2012 at 5:58AM
    thecollecterthecollecter Forumite
    9 Posts
    edited 12 May 2012 at 5:58AM
    Hi everyone
    my son aged 17 has just passed his test,we need help finding cheap car insurance.so far we have been quoted £4090 .this is too expensive,does anyone know how i can get a lower price?
    Hope to hear from someone

    thank you x

    This may help. I have just changed the car insurance from Elephant to Direct line for my 20 year old son. Last year I insured the car in his name with Elephant (1400 paid in one go) but then he had an accident (both parties at fault) and never gained his first year no claims bonus as planned. This year I put the insurance in my name with my sons father as a named driver and my son as a named driver. Direct Line (until May 31st) have 2 months free insurance whether you pay monthly or annually. I was able to get that for £1145 and will be paying monthly. Down payment of 226 and then 100 a month. This is on a 2002 ford focus diesel. In the end I got it for cheaper than last years insurance. Also he will be able to build up a no claims discount as a named driver but this can only be used with Direct Line.

    note: I have over 5 years ncd and so does his dad. The car is shared between my son and myself. His dad lives at a different address and has his own car but uses mine on occasion.

    addendum: I just did an experiment on direct line site and got a quote to see what would happen if I put a vauxhall corsa 2002 gls 1.2 (one of the cheapest cars to insure) as my car. Using the exact same details as above (son and his dad as named drivers), and it came out at £658! So it really makes a huge difference what car you are insuring. I think any car with modifications for speed can increase insurance by thousands for young age group. Also gti cars are way more money to insure.
  • dacouchdacouch Forumite
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    Part of the Furniture 10,000 Posts Name Dropper
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    This may help. I have just changed the car insurance from Elephant to Direct line for my 20 year old son. Last year I insured the car in his name with Elephant (1400 paid in one go) but then he had an accident (both parties at fault) and never gained his first year no claims bonus as planned. This year I put the insurance in my name with my sons father as a named driver and my son as a named driver. Direct Line (until May 31st) have 2 months free insurance whether you pay monthly or annually. I was able to get that for £1145 and will be paying monthly. Down payment of 226 and then 100 a month. This is on a 2002 ford focus diesel. In the end I got it for cheaper than last years insurance. Also he will be able to build up a no claims discount as a named driver but this can only be used with Direct Line.

    note: I have over 5 years ncd and so does his dad. The car is shared between my son and myself. His dad lives at a different address and has his own car but uses mine on occasion.

    If this is your son's car, which it sounds like if you have your own no claims bonus, then it could become very expensive if the Insurer discover your son is the main user and you have not declared it, especially if he has a claim
  • edited 12 May 2012 at 6:40AM
    thecollecterthecollecter Forumite
    9 Posts
    edited 12 May 2012 at 6:40AM
    Thanks for your reply! Yes I'm aware of this, but my son and I share the car as I cannot afford to get one each. We use it pretty much equally. Last year when we were with elephant - I gave the car to him so that he could have insurance in his own name and start to get ncd. But then after the accident (hit by a third party-both at fault), he lost that years potential ncd. This year I have taken the car back in my name as otherwise I will lose my previous ncd. So the insurance is in my name now.
  • dacouchdacouch Forumite
    21.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper
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    Thanks for your reply! Yes I'm aware of this, but my son and I share the car as I cannot afford to get one each. We use it pretty much equally. Last year when we were with elephant - I gave the car to him so that he could have insurance in his own name and start to get ncd. But then after the accident (hit by a third party-both at fault), he lost that years potential ncd. This year I have taken the car back in my name as otherwise I will lose my previous ncd. So the insurance is in my name now.

    If you gave him the car last year and also registered the car in his name, it's very important that you reregister the car into your name again.

    Does your son commute to work or college in the vehicle reguarly?
  • Hi everyone
    my son aged 17 has just passed his test,we need help finding cheap car insurance.so far we have been quoted £4090 .this is too expensive,does anyone know how i can get a lower price?
    Hope to hear from someone

    thank you x

    If your son has an iphone then he should get the Intelligent Marmalade app to get cheaper insurance. Use it to show you're a good driver then they give you up to a 40% discount on insurance. I'm just too old to use it (you have to be under 25). Let me know what you think of the app as I helped to design it and we're still trying to improve it!
  • mikey72mikey72 Forumite
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    Sounds a nightmare. From the Marmalade website, it's all stick and no carrot. -"You should be aware that we will use the data from the Ingenium Dynamics device which will be fitted to your car to score your journeys. If a journey falls into the red zone we will notify you and you can check out website to see where you can improve your driving. If you do drive badly, we will initially increase your premium to reflect this risk (initially by £250, then by £500), See full details of how the system works.If this continues we will cancel the policy. You should note that it would be very difficult for a younger driver to find an alternative insurance company in this event." Do you still get stung if a parent drives badly, or the mechanic from the garage, as none of these trackers appear to be able to assign drivers, it's all dumped on the policyholders record.
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