Young driver - 2nd year insurance - saved 30%

The_Swamp_Donkey

I'm sure this has been discussed in many, many places, but I thought I'd share this experience with you all.

My son (now 18) was looking at his second year's motoring insurance after a thankfully safe, and trouble free, first year. For his first year he had an I Qube (GPS system) fitted in his car which saved him/us about £600 on a 'normal' policy. He was 'fined' for driving in the RED zone between 11.00 pm and 05.00 am - it only happened once when he strayed in to this time zone by forgetting about the time. Anyway no problem.

He was looking for a pretty healthy discount for his second year and was shocked/alarmed that initial searches threw up quotes of between £2,700 and £7, 000 for an elderly CORSA. He was delighted when he came across ADMIRAL for a mere £1,500.

We completed the online form and we were just about to push the PAY NOW button, and I said.."as a matter of interest put me down as a named driver"....kerching...knocked off £250.....spurred on I said..."add your mother"...another £250 off...now down to a £1000. (I even tried to get my 75 year old next door neighbour on, but it wouldn't go any lower!!).

So before you push that button, just check on whether adding mature adults in the same house hold makes a differnce.

First post and hope it may help someone.

All the best,

The Swamp Donkey

yvonne13_2

Policy's have always been cheaper if you put more than one person on a policy as that is how company's make money long term.

newfoundglory

Admiral were by far the cheapest for me for year 1. Despite getting 1 year no claims my policy actually went up in price for year 2. So I cancelled. I tried Aviva who were cheaper.

Also, having been an Admiral customer I don't think i'd want to be again. Check the policy booklet as there are some pretty unusual terms and conditions. If i recall, I think one was if you drink alcohol you basically void your policy in the event of an accident (regardless of whether you are actually anywhere near the legal limit or whether alcohol was the actual cause). Whilst I don't drink and drive, I thought terms such as this were unfair and ridiculous (as technically, you can legally drink and drive providing you don't exceed the legal limit).

bluenoseam

Newfoundglory - i think that's actually a fairly decent idea, but then again, i'd be all for having a zero tollerance approach to drinking while you intend to drive.

As for price going up, well everyone else's premiums are going up by as much as 30%, so it's pretty much as standard, while it may have went down the "natural" increase for the year will actually put it over your current price, and as he's under 25 well, he's going to get stung for insurance regardless.

mintybabes

Just a quick question, what was the original quote for the year one car insurance?
My son who is 17 and passed his test earlier this month, is getting ridiculous quotes. We tried most of the group one cars (Fiat Pandas, Citron C1, Corsa etc) and the insurance comes in on average at £4000 pounds per year. If he was a girl it would be about £1400. I've tried the comparison web sites, and most of the direct ones (ADMIRAL. AVIVA , Directline etc) . Anyone have any advice? The cost makes it prohibitive for him to get a car.
thanks

rodenal

Don't always go by what is the lowest insurance group to try and find cheaper insurance - less popular (and less crashed) cars can be cheaper.

Add an older, more experienced driver to the policy as a named driver, then add another until it stops decreasing the price. Be more "realistic" about mileage per year, consider a higher excess if it's an older car that you'd never actually claim on anyway.