Insurance Shambles

mikey72

funkycoldribena wrote: »

So how much do you pay then?

A lot more than he used to.

https://forums.moneysavingexpert.com/discussion/3220316=


Hope he can sill afford it.

jimmysayshey

shandoli wrote: »

I don't understand why some of you are moaning.

You want to buy a product/service and the insurers are giving you a price. If it is too expensive, then tough luck. Go and make more money.

The "I cant afford it" is a terrible excuse.

Afterall, would it make any sense if I walked into a shop and wanted to buy something I cant afford and then come back here and moan about it?

Bottom line is, you cant afford it. So either give it up for now or go out and make some extra cash.

Thanks :T

Just out of curiosity, are there any members on here who are part of the trade? Do you have any predictions, do you think premiums are going to keep increasing, or will they go down at some point in the near future?

pitkin2020

jimmysayshey wrote: »

Yeah but realistically I don't see myself driving a morris minor. I'm probably more likely to crash it!



I know, if I was the main driver. But I talked it over with my dad and I was going to only drive 3 or so days out of the week and he was going to be the main driver, so it's ok

HHMMM, cake and eat it springs to mind. I for one never mentioned a morris minor btw. Just think outside the box or you could be like every other young driver and get a saxo/206/fiesta and pay the premium same as they do.

jimmysayshey wrote: »

Thanks :T

Just out of curiosity, are there any members on here who are part of the trade? Do you have any predictions, do you think premiums are going to keep increasing, or will they go down at some point in the near future?

Do you seriously need an answer to this question?? The trend, which if you spend a few minutes on here or google will indicate that insurance premiums have been rising, consistently for many years now. My crystal ball is on the blink but I would still say its a safe bet if you jump 5 years into the future the insurance premium for a young driver is still going to be more than it is today. Off course thats a total guess, if my crystal ball was working today I could probably give you an exact percentage!!

Good luck with your [STRIKE]fronting[/STRIKE] insurance cover but as a young driver even if you aren't the main driver the insurance company will investigate any claims with a fine tooth comb.

Sally22_2

Err yes they did..

-Classic cars are much, much cheaper (although check the policy VERY carefully some have a age limit). I have tried to drive a Morris Minor, great fun but completely different to modern cars, consider the driving differences (may not get to 70), the fact that the cars themselves are more expensive, sometimes more unreliable, need more maintenance and the safety ratings are quite low.
I ultimately decided that I would get a few years of driving experience/ experience helping fix others cars first before I went down that route.

OP - Whats your budget for the actual car just out of interest?

mikey72

My 17 year old daughter started out in a classic mini, and is insured on my 67 beetle as well.

Manual choke, double declutching, parking facing downhill so the oil doesn't leak out, non servo brakes, no problems.

pitkin2020

Sally22 wrote: »

Err yes they did..

Edited my post to reflect this comment!!

scheming_gypsy

Nobody mentioned the OP driving a Morris Minor though, just that they'd driven one.

nullogik

Somone mentioned fronting which we know is wrong, but have you tried adding your parents as additional drivers and yourself as the main/primary driver?

I knocked off 20% off my quote by putting my parents on my policy as additional drivers (they have many years of NCB between them and have been claim free).

Its just a case of spending a few hours playing around with the comparison sites and trying random cars. My first car was an old Merc, so it might be worth trying some non-typical first cars like old Rovers, Mercs/BMWs, Volvos etc.

Also, someone mentioned classic car policies. Just be aware (as I went down this route) that most require classic policies require you to be 21+ years old and that you own another car which is your main car. Plus with classic policies you generally can't accumulate NCB.

Lirin

I've just done a quick online quote. It is cheaper for me to insure my 2ltr V6 imported Proton than it is to insure a popular 1.2 Corsa. I'm 30 now, but the difference in price between the two is still considerable.

My first insurance was for a knackered Ford Escort, with excess as high as they'd allow (Car wasn't worth a penny. Would have been scrapped if we couldn't fix it ourselves.)
I collected no-claims from the beginning- even though I was on a TPFT policy for years. We just phoned and negotiated with the insurance company a little. I was an additional driver- only ever got to drive the car once or twice a week, so was alright on that score. When I did get my own insurance, I added my parents and sisters to the policy- we're all covered to drive eachother's cars.
We've always went for more offbeat cars- Skoda's, Kia's, Proton's. Research a few cars- my daily driver is a 1.8 Proton (have three cars, all Protons atm) which uses the same engine as an early Evo- but is a third of the running and insurance costs.....
Anything remotely sporty and popular will usually have a higher insurance premium.

B00st

jimmysayshey wrote: »

I know, if I was the main driver. But I talked it over with my dad and I was going to only drive 3 or so days out of the week and he was going to be the main driver, so it's ok

If your father already has a car with policy you would find it very difficult to convince an insurance company that he is the primary driver of a 2nd car, especially if that car was also insured for a young bloke. It just screams fronting. How often you would use doesn't really matter, if your father wasn't using it the other 4 days of the week you would still be the primary driver.

Lum wrote:

It's a very justified moan I think. Sure young drivers are a risk, but the massive repair costs of modern cars, and the hideously expensive injury claims you get these days have caused the price to go up disproportionately.

"Go and make more money?" Have you forgotten what it's like to be young? The country doesn't exactly have a surplus of jobs available for any age group, let alone high paying jobs available to a 19 year old with little or no work experience.

Even if such a job were available, the chances of it being within his current, car-less, commuting range are virtually non-existent.

Last I checked there were significant recruitment shortfalls in things like manufacturing and engineering (both of which operate apprenticeships from 16) and also in trades such as plumbing and electricians. Unfortunately these are seen as difficult by the youth of today.