MSE News: Young driver insurance costs fall

This is the discussion thread for the following MSE News Story:

"The cost of annual premiums for drivers aged 17-to-22 fell by 5.6% in April to June, new AA figures show ..."

Comments

  • kurgon
    kurgon Posts: 877 Forumite
    Find this interesting as we have just had an increase of 18% in our insurance - 40+, 5 years no claims - best on any site that I could find. I don't know why the legislation passed around cars needing to be insured of declkared off road has not impacted favourably on the cost of insurance. Surely the possibility of less uninsured drivers on the road, for whom we have been paying should promote a cost reduction?
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    First Anniversary Combo Breaker
    kurgon wrote: »
    ... a cost reduction?
    :rotfl:

    Like most things in life, insurance costs whatever the insurers can get away with. Nothing to do with the cost of providing the service.

    That said, my insurance renewal came through this week and it is similar to last year. Full protected no claims, group 10, breakdown recovery - £250.

    Kids insurance is stupid. I'd like an option to pay £5K excess up front - refundable at a rate of £1K per year if accident free.

    5.6% doesn't come close to making the costs fair.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • tadd318
    tadd318 Posts: 47 Forumite
    Can you tell me which insurance companys are providing reasonably cheap car insurance for young people...when i say cheap i mean from 2,000 upwards ..so not cheap really!!!! as we have had quotes ranging from 2,500 - 8,000 for my 17 yr old son who has just passed his test....it's a shame they are all tarred with the same brush!!
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    tadd318 wrote: »
    Can you tell me which insurance companys are providing reasonably cheap car insurance for young people...when i say cheap i mean from 2,000 upwards ..so not cheap really!!!! as we have had quotes ranging from 2,500 - 8,000 for my 17 yr old son who has just passed his test....it's a shame they are all tarred with the same brush!!

    Quinn are usually pretty good for young people. Also, it's probably worth your son doing the Pass Plus - it reduces premiums a lot for new young drivers.
    No longer using this account for new posts from 2013
  • DCFC79
    DCFC79 Posts: 40,598 Forumite
    Name Dropper First Anniversary First Post
    tadd318 wrote: »
    Can you tell me which insurance companys are providing reasonably cheap car insurance for young people...when i say cheap i mean from 2,000 upwards ..so not cheap really!!!! as we have had quotes ranging from 2,500 - 8,000 for my 17 yr old son who has just passed his test....it's a shame they are all tarred with the same brush!!

    been covered on the forums many a time, have a search of the forums
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