Cant get my son a loan or reasonable car insurance!

CH27

Make sure he starts saving for next year's insurance now & get this years paid off before he starts paying interest.

lippy1923

Hazzer wrote: »

Thanks to all the helpful and constructive objective responses re my sons dilemma. We have successfully sorted the dilemma and I think it was Lippy1923 who suggested a 0% credit card? Thanks Lippy he has now done that. To err is human and youth must have its fling! Thank you so much.:j Kind Regards Hazzer.:beer:

Glad he got it sorted. As another post says, make sure you put money aside as much as possible for next years insurance. Hopefully with a years no claims it will be cheaper than this year!

Mfox2012

Hi i work for Aviva and sadly insurance is majorly high for young drivers. Few points to help you out, do not add him to yours as a named driver as this is manual fronting is against the law and will stop payouts in the even of an accident, so no point. Secondly he will earn no NCD at all so therefore waste of time, when he then goes to get a quote in a few years still will be high as he has no NCD.

So to get it cheaper, you can add yourself and husband to his policy as named drivers on his. Reduce his annual mileage where possible. Be prepared to have a black box fitted if you can. Admiral have good prices.
Also you said he has a car, so i dont know if this is possible, however if you could get him a car derived van you would see the premium more than half for him. I know an 18 year old may not want that but its cheap for insurance infact really cheap, do some quotes and you will see. Then after a year or 2 he will have some NCD and be in a much better position. Hope any of this helps you

Pincher

1. We should get them to make speed restricted golf carts,
with rubber bumpers all round for under 25s, so they can get cheaper insurance. Or they can pay £2,000 a year for a Corsa.

2. Alternatively, why don't they create driving skill exams that reduce premium?

melbell

poppasmurf_bewdley wrote: »

This is the norm for young drivers these days. Very different to the £36 I paid for my first fully comprehensive policy of my Ford Anglia - but even that was nearly four weeks wages back in 1966!

Get a quote for him but add yourself and possibly his mother on the policy as additional drivers. This should bring the price down quite substantially. It's what I did for my son.

Good luck!

Fronting is illegal

lippy1923

Adding people as additional drivers is not fronting

poppasmurf_bewdley

melbell wrote: »

Fronting is illegal

I quite agree, but what I suggested is not fronting. Adding additional driver(s) is perfectly acceptable.

Fronting is where a person who is NOT the main driver takes out an insurance policy but someone else IS the main driver.

Take my son for example, although I am on his insurance policy, I have only ever driven his car once.

Sparx

melbell wrote: »

Fronting is illegal

That's not fronting or illegal..

pc1271

I hate the system, it's nothing but age discrimination. Thankfully I'm beyond that problem now, but it assumes all 18 year olds are irresponsible, reckless drivers. Clearly some are, but not all. To make the distinction based on age alone is wrong, and possibly illegal, if someone were to challenge it in the European courts.

tberry6686

It's not age discrimination. It is statistics which is how all insurance is priced.

If you stop insurers from usage age statistics as a factor how do you suggest that they price insurance.

Gender has been removed with the result that young female drivers have had large hikes and young male drivers small decreases.