Insurance costs

sallyeee

My Daughter has just passed her driving test, but unfortunately she had a minor accident the day before she passed her test, and i am now struggling to get her insurance at a reasonable price. It is my car and she would be added as named driver. I would love and welcome any advise.

[Deleted User]

This is a good starting point:

http://www.moneysavingexpert.com/car-insurance/young-drivers

forgotmyname

Anything from a NO we wont insure a young person on your car/policy or £8000 for a £650 freelander to £3000 for a various small hatchbacks and anything either side of all that..

You wont know until you ask. Dont forget if she has an accident its your no claims at risk.

Protected no claims may not be covered under a protected scheme with a new driver at the wheel and higher excesses may apply. Check your policy terms.

Also she may not be earning her own proper no claims as a named driver on your policy.

AdrianC

Premiums for newly qualified drivers are usually considerably higher than for learners - because they're a much higher risk, since they're unaccompanied.

Now add in a pre-pass claim...

What do you call "a reasonable price"? Are you willing to put a black box on your car? How high a risk IS your car?

foxy-stoat

sallyeee wrote: »

My Daughter has just passed her driving test, but unfortunately she had a minor accident the day before she passed her test, and i am now struggling to get her insurance at a reasonable price. It is my car and she would be added as named driver. I would love and welcome any advise.

Out of interest, whos car was it that she had the accident in?

You will struggle to get insurance at a reasonable price for a driver who has just passed (assume its a youngster).
You will struggle even more to get a reasonable price if the new driver has had an accident.
You will struggle to get insurance at a reasonable price with a young driver as a named driver on their parents policy (unless they have their own car).
You will struggle even more if the young driver has had an accident.

See the pattern.

Your only options to reduce the insurance price is to sell your current car and buy a lower group one.

Good luck and let us know how you get on.

BeenThroughItAll

foxy-stoat wrote: »

Out of interest, whos car was it that she had the accident in?

You will struggle to get insurance at a reasonable price for a driver who has just passed (assume its a youngster).
You will struggle even more to get a reasonable price if the new driver has had an accident.
You will struggle to get insurance at a reasonable price with a young driver as a named driver on their parents policy (unless they have their own car).
You will struggle even more if the young driver has had an accident.

See the pattern.

Your only options to reduce the insurance price is to sell your current car and buy a lower group one.

Good luck and let us know how you get on.

Although that may not help, as the insurance group is only one very small element of the underwriters' risk profiling. A Group 1 car which gets crashed a lot will be a higher risk, and may well attract equal or higher premiums, than a Group 10, 20, 30, 40, 50 car which doesn't get crashed a lot.

foxy-stoat

BeenThroughItAll wrote: »

Although that may not help, as the insurance group is only one very small element of the underwriters' risk profiling. A Group 1 car which gets crashed a lot will be a higher risk, and may well attract equal or higher premiums, than a Group 10, 20, 30, 40, 50 car which doesn't get crashed a lot.

I have ran quotes for 1.0 litre Yaris against the oddest old 2.4 litre Volvo GLT or similar I could find to test this theory out, for me (40+) and a 18 year old..... and I am 100% sure that youngesters crash Yaris's far more than big old Volvos, the premium is still lower for the lower grouped car everytime.

All the best OP, you many need it.

kmb500

What car are you trying to get her insured on?


You may save some money if you were to buy a car for her and have her as the main driver with you as a named driver.
If you have anything bigger than a 1.4 engine you'll find the costs skyrocket pretty quickly. But, I had an accident and wrote off someone's car within my 1st year of driving, and my insurance the following year was still only £700, as it was a nice small safe car. (fiat Panda)

Ant555

sallyeee wrote: »

My Daughter has just passed her driving test, but unfortunately she had a minor accident the day before she passed her test, and i am now struggling to get her insurance at a reasonable price. It is my car and she would be added as named driver. I would love and welcome any advise.

Did this last July (without the accident bit though!)

If the car is staying the same then you are limited in your options.

I found the insurance I ultimately bought on confused.com but did go through all the others that are not on comparison sites such as Direct Line.

Just out of interest what are the premiums that you have been quoted.

BeenThroughItAll

foxy-stoat wrote: »

I have ran quotes for 1.0 litre Yaris against the oddest old 2.4 litre Volvo GLT or similar I could find to test this theory out, for me (40+) and a 18 year old..... and I am 100% sure that youngesters crash Yaris's far more than big old Volvos, the premium is still lower for the lower grouped car everytime.

All the best OP, you many need it.

It may well be, for those cars with all other criteria the same as you've entered; but I know from experience (I was involved writing quotation and underwriting engines for some of the first direct online insurers back in the late 1990s) that they take into account many factors (some of which are not necessarily taken into account in the grouping) such as time in ownership, trim level, repair costs, security, parts availability, number of authorised repairers, average damage costs, number of seats, modifications, theft and accident statistics, and performance. That's just the car - so then add in the driver's age, sex, home address, job title, driving history, NCD level, time since test-passed, etc. Then add in other factors; where the car's kept day and night, how its used, named drivers, annual mileage, the region's accident and crime statistics...


My old Grand Cherokee - IG31. Replaced it with IG35 330Ci. Both worth ~£2.5K. All other policy criteria exactly the same. Not including the insurer's admin fee, premium cost was reduced by over £100 for 4 groups higher vehicle. I could give other examples where cost has gone up for reduction in grouping and where it's gone down for an increase in grouping from my own personal experience. I cannot be the only one.

System

BeenThroughItAll wrote: »

Although that may not help, as the insurance group is only one very small element of the underwriters' risk profiling. A Group 1 car which gets crashed a lot will be a higher risk, and may well attract equal or higher premiums, than a Group 10, 20, 30, 40, 50 car which doesn't get crashed a lot.

Can confirm. When my 19 year old son blew up his Fiesta engine 2 years ago we went looking for another car. With a baby on the way and liking his fishing he saw a Mondeo estate which would be ideal for his needs but given his 1.2L Fiesta insurance was £1200 didn't think he could afford to insure it. We did a comparison site search anyway and it turned out to be £400 cheaper to insure a 2 litre petrol Mondeo Estate than it was to insure a 1.2L Ford Fiesta. Another benefit is that he found he was now invisible to police in it and no longer kept getting stopped every 5 minutes for spot checks.