Young Driver Insurance

MattHerbison

As we all know well, young driver insurance is often extortionate these days

There's tips everywhere about where and how to find the best insurance deals but I, myself, have had next to no luck with comparison sites.

When I've gone to insurers directly (such as LV) I've been able to get my lowest quote of £2,070

Does anyone have any real world tips on how to get low prices as MSE simply recommends comparison sites. Any cheap insurers? Maybe ones specialising in the area?

Even telematics policies haven't been able to quote me any lower than the standard LV policy

InsideInsurance

MSE doesnt just suggest aggregators, it also suggests other things like adding mature/ clean record adults to the policy as named drivers

Mr_Mink

Do you already have a car? Because that can make a huge difference. Check the comparison sites for a 1.0 Fiesta and then again with a 1.0 Hyundai Amica. Moral of the story, an undesirable car will probably cost you less to insure than one of the usual suspects.

If you've got the car, then as said by InsideInsurance, add a named driver that has plenty of experience. A lower mileage limit will help but be truthful, last thing you want to do is invalidate your insurance by telling them you do 5,000 miles a year when you actually do 10,000. Also check both fully comp and third party, sometimes fully comp can be cheaper.

forgotmyname

Cheapest car to insure at the moment appears to be a daewoo matiz.

All an older female driver and it brings the premium down a bit also.

J0sephx

Also, park car on the street rather than garage or driveway. Worked out cheaper for me.

IamNotAllowedToUseMyName

J0sephx wrote: »

Also, park car on the street rather than garage or driveway. Worked out cheaper for me.

??? V surprised at that.

Aretnap

Two reasons why parking on the street can be safer. (1) The number of people who make claims because they've taken their wing mirrors off reversing into their drives or garages. (2) Modern cars are virtually impossible to steal without access to the keys, so most thefts involve breaking not a house to get the keys, or at least lifting them from the shelf in the hall with a bit of wire pushed through the letterbox. If your car is parked m the road the thieves have no idea which house to look for the keys in. If it's n a driveway it's obvious.

It probably depends n other factors as well though. If you live in a grotty area where cars are regularly vandalised or hit in the night by people who drive off then you may find it's cheaper to keep your car in a garage where it has some protection from those things. If you live in a very nice area where the risk of vandalism etc is negligible the risk of having an accident reversing into your garage probably outweighs any benefit you gain from keeping your car in it.

busiscoming2

forgotmyname wrote: »

Cheapest car to insure at the moment appears to be a daewoo matiz.

All an older female driver and it brings the premium down a bit also.

I've tried using my Matiz in my DS2's name and the cheapest for that is £1800!! There must be something cheaper.

forgotmyname

Did he add an older female as an additional driver?

I added my mum who has only just retired and it reduced the premium a fair bit.

Your postcode will play a big part in the premium though.

busiscoming2

forgotmyname wrote: »

Did he add an older female as an additional driver?

I added my mum who has only just retired and it reduced the premium a fair bit.

Your postcode will play a big part in the premium though.

Yes me, I'm 51 and have nothing to adversely affect me.
If I put him on my insurance for the year it takes my premium from £100 to £800. But come September when he goes to college we will both need a car/transport.

forgotmyname

Dont forget the insurance is high for a reason. Young and inexperienced drivers are likely to make a claim.
If you add his to your policy he may wipe out your no claims. Excess maybe higher and no claims may not be protected when a young driver is at the wheel.

Add a grandparent.

Adding me to my daughters policy actually increased it. I have a claim free record.