Help with daughters car insurance

System

In my experience Diamond are very competitive.

Don't assume that low insurance grouping automatically means cheaper insurance. I found the cheapest young person quote was on a large Volvo estate 25 years old. 2.3 litre engine and high insurance group. But so lacking in street cred that not many young people would want to be seen driving one, hence an excellent claims record from that age group!

System

I think that is the nub of the issue - street cred.

Saxo, Ka and even Peugeot 206 are considered as some of the street cred cars. Although low insurance group there will be loading because of that.

Anybody with an ounce of stret cred wouldn't be seen dead driving a Mk 2 Punto 1.2!

luvsbargins

I don't know the answer to your question, but, did you see this weeks Moneysavingexpert email of 24/10/12, about gender equalisation?

By 21st December at the latest women will have to pay the same as men. Hopefully your daughter will have passed her test and arranged her car insurance by then, as this should save you a lot of money. I wish your daugher luck with her test.

Beckyy

clarerachel01 wrote: »

we could insure the car for her and then put her on it but she needs to start building no claims up at some point

I wouldn't front the policy unless you really will be the main driver, it's not worth running the risk.

Personally, unless she's going to be using the car for her test and learning I would just wait until she passes. Just the waiting list for a test right now would take her way past Christmas, even if she was ready now and has already passed her theory. It's an awful lot of money to pay ontop of lessons just for a car for her to practice in.

Nothing wrong with letting her get the insurace herself. Buying her a car is very generous, more generous that I would be!

bouncydog1

Disagree - the sooner you get her insured in her own name the better. Rates are likely to rise for females in the near future. And Beckyy how on earth is she going to pay the insurance herself? Her parents want to help her which is their choice. They weren't asking for views on that!

Beckyy

The same way every else does? I had to pay for my own insurance when I started driving, as did most of my friends. I'm not saying OP shouldn't help out, or that it's not very kind of them but OP's daughter is going to have to pay for it herself one day and if she's old enough to work, even part time, then there's nothing wrong with her getting used to having to pay her own way (or at least part of it) and appreciating just how expensive the luxury of driving is. I'm not trying to sound rude, or start a debate I was just sugesting that there's nothing wrong with a young adult contributing if they can, and getting ready for when they have to pay their own way in the future.

OP - Assuming you haven't already, have you tried adding yourself and OH onto the quote for just passed test? That way your daughter will still build up her own NCD but you will bring the overall cost down significantly.

clarerachel01

My Daughter is paying for her own insurance but we are buying her the car, this was always intended as we will do for our son when hes old enough to drive, at the moment she is unable to work as shes in full time college and also has a baby so getting a job at the moment isnt an option Thank you all for your comments though we have decided to buy her a car as soon as we can find one and she will be able to start driving it with me or her dad in the car (thats if i havnt cracked up trying to find one first haha)

bouncydog1

I would suggest that as your daughter is paying for her own insurance, but doesn't have any income at present, you might want to get some quotes based on low group cars before you purchase the car for her.

The premium for your daughter will depend mainly on her postcode, so you can disregard all the other posts about what others have paid because it is highly unlikely they live in the same postcode as you do.

Premiums for low group vehicles vary from a few hundred in low group areas to several thousand for the same vehicle in a high group postcode with similar driver profiles.

It is of course entirely your own business, but if your daughter is excited about having her own vehicle, then she may be in for a huge disappointment if she cannot afford to insure it.