Car insurance for an 18 year old?

flang

I'm_With_Stupid wrote:

How do you manage that? The cheapest quote I'm getting for a Nissan Primera I'm looking at (my first car though) is £1040 with Tesco Value. But a friend of mine said he was getting quoted crazy money when he was checking online on things like confused.com for his car, and ended up knocking loads off by just ringing round instead. And I thought the internet was supposed to be cheaper. Do you think I'll be able to get that down a bit? I've also done a pass plus, so I'm wondering what sort of money that knocks off. Incidentally, if anyone's looking for a large family car with cheap insurance, take a look at a Primera. I was actually getting quoted more for Polos and Fiestas.

I was paying £1400 for a standard 1.4 diesel peugeot 106 for TPFTwhen i first passed my test 2 years ago!
It seems as soon as you hit 21 your premiums get hell of alot cheaper!
I found the best thing to do it tick the boxes on the bottom of the pages saying they can contact you by phone and your get £££s knocked off the quoted price! when they call you(i did anyway!)
PS read the small print about excesses! some charge £500 for young drivers!!

flang

forget to mention, i would have only saved about £100 by doing a pass plus, but providing that it cost more than £100 to do the course it just wansnt worth it!
Great experience though!

I'm_With_Stupid

Hmm, well I'm already 22, so if they knock some off for being 21, I've already got it. I think 25 is the next big drop. Good tip about the tick boxes though, I'll have to try that one. I don't mind about the Pass Plus because it's a useful course, but I at least hope that it covers the amount I paid for it (£120). I should be buying a car tomorrow, so I'll be spending tonight and tomorrow morning searching for insurance. I'll get the online ones tonight, then try and haggle them down on the phone in the morning.

I'm_With_Stupid

I ended up getting 3rd party insurance in the end because my car only cost £1000. £820 including legal cover and all that jazz. Plus I get 2 years NCB if I don't make a claim in the first year which is a nice bonus. I called Admiral, and they couldn't beat previous quotes, so they put me onto this broker who's name I can't remember, but it began with a C. And they phoned up two other brokers, Thames City and Quote A, and Quote A got me the quote with National Insurance Guarentee. Bit of a run around, but the final cost is cheaper than anything else I'd got, so it's not too bad.

horizon

Just insured my 18yr old son on his first car tonight.

I went through moneysupermarket and confused as suggested on here.

The cheapest quote was £1212, it made no difference to the quote if I put myself on the policy as well. (22yrs claim and point free driving)

The best quote was with quinn direct. I decided to go ahead with the quote, went on their website and put all the details in again, and the quote went down to £950 !!

The total cost was £1013 when I opted to pay monthly.

HTH

I'm_With_Stupid

horizon wrote:

Just insured my 18yr old son on his first car tonight.

I went through moneysupermarket and confused as suggested on here.

The cheapest quote was £1212, it made no difference to the quote if I put myself on the policy as well. (22yrs claim and point free driving)

The best quote was with quinn direct. I decided to go ahead with the quote, went on their website and put all the details in again, and the quote went down to £950 !!

The total cost was £1013 when I opted to pay monthly.

HTH

Could you not have used something with a lower interest rate to pay it with, and then pay it off? I didn't need it in the end, but I was gonna use my bank overdraft (interest free) to pay some of it, and just pay it off as I could. I still think it's extortionate that they charge interest on paying monthly on something like car insurance. I don't see why it can't just work on a 12 month contract basis like a phone (well I can, it's because they don't make as much money that way). I mean it's not like buying a TV or a car, where you're getting something worth loads of money and paying for it later.

horizon

I'm_With_Stupid wrote:

Could you not have used something with a lower interest rate to pay it with, and then pay it off? I didn't need it in the end, but I was gonna use my bank overdraft (interest free) to pay some of it, and just pay it off as I could. I still think it's extortionate that they charge interest on paying monthly on something like car insurance. I don't see why it can't just work on a 12 month contract basis like a phone (well I can, it's because they don't make as much money that way). I mean it's not like buying a TV or a car, where you're getting something worth loads of money and paying for it later.

My son will be paying for this insurance himself, he can't afford to pay it off in one go, and I'd rather he not start getting in to debt (other than the £000's he owes me !), by using an overdraft, credit card etc.

He is not very good at managing his money, and despite my going on at him to save money and then buy the things he wants, he has so far failed to save anything !!

I'm_With_Stupid

horizon wrote:

My son will be paying for this insurance himself, he can't afford to pay it off in one go, and I'd rather he not start getting in to debt (other than the £000's he owes me !), by using an overdraft, credit card etc.

He is not very good at managing his money, and despite my going on at him to save money and then buy the things he wants, he has so far failed to save anything !!

He'll already be in debt to the insurance company though. Might as well be in debt with a low interest rate than a high interest rate. I get what you mean about paying off an overdraft, but with a credit card, can't he just set up a direct debit to pay off the same amount every month, just with a lower interest rate?

C_Ronaldo

pt2006 wrote:

Hi my son has turned 18 in oct and has been saving up for his favorite car (BMW) I have got a few quotes and it costs more than the car is worth to insure! :eek: the cheapest has been around 8k and the car is worth 6-7k maybe a little less.

I understand that the car could be insured under a family members name but the problem is none of us drive.

Does anyone know where the cheapest place to get car insurance from for a 18 year old?

Cheers

im not suprised re the quotes, what do you expect, why does he want a bmw, why not a small car

I'm_With_Stupid

C_Ronaldo wrote:

im not suprised re the quotes, what do you expect, why does he want a bmw, why not a small car

True. Has he been saving up for his favourite car, and the insurance to go with it? It was quite funny when my friend (female, 18) tried to get put on as an extra driver on her dad's BMW M5. She got quoted £8k just to be added. Bear in mind that insurance groups aren't quite as important as they would have you believe. The badge seems to be much more important. I drive an insurance group 9 car, but I get higher quotes for most insurance group 5 and 6 cars, especially by makes like Mercedes, Honda, Toyota and VW. Because mine has a Nissan badge on the front, it's much cheaper. I don't really get why they exist tbh, because they seem to have little bearing on the price. If he still wants something with good performance, tell him to go for one of the bigger engined less desirable makes. I got quoted just over £1400 for the 2.0l 150bhp 135mph version of my car (just had to ask out of curiosity). But then I doubt you'll get him to change his mind really.