Car Insurance for childrens potential car

cookie666

My daughter 16 is buying a car today in preparation for her 17th birthday, so she can learn in it etc.
What's the best way of getting this vehicle insured, do I do it as myself and add her as a named provisional driver and swap over (assume there will be a charge) once she passes her test?

How do I get the vehicle back to mine if we buy it, what is the best short term insurance companies (or ones to avoid)?

TooManyPoints

What's the best way of getting this vehicle insured, do I do it as myself and add her as a named provisional driver and swap over (assume there will be a charge) once she passes her test?

Be very careful if you intend to do that. Carefully read the questions you are asked and answer them truthfully. There is an procedure known as "fronting" where an older or more experienced driver insures a car belonging to a younger or inexperienced one with the intention of deceiving the insurers and so securing a reduced premium. If they suspect you of that they will decline to insure you; if they do provide cover and find out later the consequences can include them not meeting a claim and/or cancelling the policy. The driver can also be prosecuted for driving without insurance - a complete disaster for a New Driver as the offence carries six points. All of these will have severe consequences for you. In particular if you have a policy cancelled you will have to declare that fact on every insurance proposal you make for the rest of your life. As well as that, your daughter could do with building up her own No Claims Bonus and she can't do that if you are the policyholder.

Car_54

TooManyPoints said:

What's the best way of getting this vehicle insured, do I do it as myself and add her as a named provisional driver and swap over (assume there will be a charge) once she passes her test?

Be very careful if you intend to do that. Carefully read the questions you are asked and answer them truthfully. There is an procedure known as "fronting" where an older or more experienced driver insures a car belonging to a younger or inexperienced one with the intention of deceiving the insurers and so securing a reduced premium. If they suspect you of that they will decline to insure you; if they do provide cover and find out later the consequences can include them not meeting a claim and/or cancelling the policy. The driver can also be prosecuted for driving without insurance - a complete disaster for a New Driver as the offence carries six points. All of these will have severe consequences for you. In particular if you have a policy cancelled you will have to declare that fact on every insurance proposal you make for the rest of your life. As well as that, your daughter could do with building up her own No Claims Bonus and she can't do that if you are the policyholder.

Only if he/she continues to drive after the policy has been cancelled.

TooManyPoints

Only if he/she continues to drive after the policy has been cancelled.

Not if it's cancelled retrospectively.

tacpot12

As a learner driver, she should find that insurance in her own name is not too expensive, and you can be added as a named driver to her policy so you can drive the car home and be full insured. The issue she will have is when she passes her test. At that point the annual premium will rise to at least £2,000. If she can avoid an accident in the first year, the premium will drop to £1,000-£1,500.

Mickey666

tacpot12 said:

As a learner driver, she should find that insurance in her own name is not too expensive, and you can be added as a named driver to her policy so you can drive the car home and be full insured. The issue she will have is when she passes her test. At that point the annual premium will rise to at least £2,000. If she can avoid an accident in the first year, the premium will drop to £1,000-£1,500.

Yes.  I’ve been through the same thing.  The real expense arises after passing the test, not while learning.  A ‘black box’ can help reduce young drivers insurance costs, as will having a parent as a named driver on the child’s policy (unless the parent has a really awful driving record!).  Also, consider their first car carefully and investigate insurance premiums before deciding.  Even some small-engined cars can be expensive to insure.  Bottom line is that young driver insurance is expensive until they have proven themselves with a few accident-free years of driving.  It’s nothing personal, just the statistics

Car_54

TooManyPoints said:

Only if he/she continues to drive after the policy has been cancelled.

Not if it's cancelled retrospectively.

Cancelling retrospectively does not allow the insurer to escape their 3rd party obligations, until the insured has been advised. Up to that point 3rd party cover is in place, and no offence is committed.

chewie

Mickey666 said:

tacpot12 said:

As a learner driver, she should find that insurance in her own name is not too expensive, and you can be added as a named driver to her policy so you can drive the car home and be full insured. The issue she will have is when she passes her test. At that point the annual premium will rise to at least £2,000. If she can avoid an accident in the first year, the premium will drop to £1,000-£1,500.

Yes.  I’ve been through the same thing.  The real expense arises after passing the test, not while learning.  A ‘black box’ can help reduce young drivers insurance costs, as will having a parent as a named driver on the child’s policy (unless the parent has a really awful driving record!).  Also, consider their first car carefully and investigate insurance premiums before deciding.  Even some small-engined cars can be expensive to insure.  Bottom line is that young driver insurance is expensive until they have proven themselves with a few accident-free years of driving.  It’s nothing personal, just the statistics

I've just posted a question on exactly this topic and wondered if you could also give me a steer on this one please. I've completed all details honestly on a few quote sites and my main concern is what to do when her situation changes and the premiums rise. The policy would be null and void - right? Would it mean that if I take out an annual policy (as there seems to be no option for length of term, it's about payment more than anything) and my daughter passes three months in to her policy, am I obliged to continue with the same insurer? Do they cancel and refund the difference, or something else happens? Wondering what happened to you here - there's not much help online. 
My daughter will own the car and we are awaiting the new V5C, and the intention is for the insurance to be in her name so that she builds up NCDs, but that won't happen until she's passed....so I've tried insurance quotes in her name (with my wife and I as named drivers), and in my name (with my wife and her as named drivers). 
Confused 

Car_54

chewie said:

Mickey666 said:

tacpot12 said:

As a learner driver, she should find that insurance in her own name is not too expensive, and you can be added as a named driver to her policy so you can drive the car home and be full insured. The issue she will have is when she passes her test. At that point the annual premium will rise to at least £2,000. If she can avoid an accident in the first year, the premium will drop to £1,000-£1,500.

Yes.  I’ve been through the same thing.  The real expense arises after passing the test, not while learning.  A ‘black box’ can help reduce young drivers insurance costs, as will having a parent as a named driver on the child’s policy (unless the parent has a really awful driving record!).  Also, consider their first car carefully and investigate insurance premiums before deciding.  Even some small-engined cars can be expensive to insure.  Bottom line is that young driver insurance is expensive until they have proven themselves with a few accident-free years of driving.  It’s nothing personal, just the statistics

I've just posted a question on exactly this topic and wondered if you could also give me a steer on this one please. I've completed all details honestly on a few quote sites and my main concern is what to do when her situation changes and the premiums rise. The policy would be null and void - right? Would it mean that if I take out an annual policy (as there seems to be no option for length of term, it's about payment more than anything) and my daughter passes three months in to her policy, am I obliged to continue with the same insurer? Do they cancel and refund the difference, or something else happens? Wondering what happened to you here - there's not much help online. 
My daughter will own the car and we are awaiting the new V5C, and the intention is for the insurance to be in her name so that she builds up NCDs, but that won't happen until she's passed....so I've tried insurance quotes in her name (with my wife and I as named drivers), and in my name (with my wife and her as named drivers). 
Confused 

Assuming she insures in her own name, when (if!) she passes she has to inform the insurer, who will quote an increased premum. The policy will not be null and void: she can either pay the increase or cancel and go elsewhere.

If she cancels, they should refund on a pro-rata basis, less a cancellation charge. But she'll lose the x months NCD she has built up.

Mickey666

Agreed - although does a learner driver accrue NCD?

Car_54

Mickey666 said:

Agreed - although does a learner driver accrue NCD?

Certainly. Why not?