Cheap car insurance for 17 year old. HELP!!!

JMW77

Dreading my daughter driving later this year if were looking at £2000 or more ,already insure 3 vehicle through our business.

forgotmyname

Just look at all the posts, Where they quote " 17 and want to insure a Corsa "

Tells you why they are not very cheap to insure, Seems most 17 year olds want a Corsa. I have no idea why they are
horrible,

Maybe the car mags give free sticky back plastic bits for Corsa's away free each week?

This week a seat of 4, Sticky back plastic fake alloys. Next week a stick on touring car effect spoiler. Guaranteed to make
your car look faster but cause enough drag to slow it down by at least 30%.

simonfr

My 17 year old was £2184 for the year with a £1250 excess. That was for a Ford Ka.
This year at 18, with one years no claims, it's now £770 with £400 excess.
That's through Admiral.

Don't think cheap car insurance for 17 year olds exists.....

Just_Some_Guy

10 years ago a 17 year old could have a minor scrape and get nothing worse than a ticking off from their dad. Now every insignificant bump gets a £5k compo claim put in. Of course their insurance premiums are mental.

Pincher

One of these days, we will all be riding horses, because it's a lot cheaper.

Parking_Trouble

Options

1. Stump up the £2300 (it sounds like a good price)
2. Sell the car and wait until premiums reduce
3. Get Mum or Dad to insure you on their car and just accept being an occasional driver
4. Buy a horse

My 18 year boy is a genuine occasional driver on my car. He only gets to drive it evenings and weekends. Where I live he doesn't need his own car and even with my help it is far too expensive. Thankfully he is not obsessive about driving so doesn't use it much.



Premiums are so high because statistically a 17-23 yo male is more likely than not to have an accident in the first 12 months. Depressing and worrying stats for a parent.


My company car scheme (which I haven't joined yet) includes insurance cover for anyone in the family who has held a licence for 12 months, includes my parents, kids and even the in-laws. Seems too good to be true.



Son can't wait for me to sign up for a flash motor in September!

loracan1

I bought a car last week, casually dropped it into the conversation that my 15-year-old might be driving it in a couple of years...then checked out the prices - between £5,000 and £18,000. So that ain't happening!

opinions4u

Why don't people check out insurance costs before buying the car?

5 minutes on the interwebs and you know exactly how much it's going to cost you.

Parking_Trouble

The insurers are slowly but surely squeezing the young out of the market.
Perhaps the training needs to change to help reduce the risk.
Perhaps the government need to step in and take some positive action to reduce premiums (start with Whiplash, Credit hire, referral fees, etc)

Derivative

Parking_Trouble wrote: »

The insurers are slowly but surely squeezing the young out of the market.

Indeed.
I am a 21 year old male and have had my licence for around half a year. My premiums are quoted at around £2500-£3000 annually.

An insurance premium that high makes the issue of affordability almost irrelevant - it becomes a case of "what can I do with £3000".

An advance train ticket to get me 200 miles from home to Uni runs about £16. I could go up and down the country for 200 days out of the year.

For argument's sake, I could hold up signs at the side of the road and pay £10/hour for lifts to and from the city centre.

For people who are buying rationally and not wanting a toy to play around with, it's almost already a foregone conclusion - car insurance for young people prices them out.

So as of now, I'm waiting until I'm older to buy a car.
In a few years, I'll be in the same situation I am now - no experience besides driving lessons, just a few years older.

I tend to think that insurance companies are collectively cannibalizing their future business by not subsidising younger drivers. The flow of future profitable customers may just dry up if noone begins to drive until their early 30s.

For disclosure, I don't really have a stake in this as I don't need a car enough to buy one if insurance were £500. Prices are set by the market. I simply wonder if the market is doing itself a disservice in the realm of insurance.