New driver insurance - affordability

DaveL485

Daughter passed her driving test on Monday, obviously we were delighted. 

Spent yesterday trawling for full insurance quotes - its even more horrific than I expected! 17yo female new driver on a 0.9L, 2014 Renault Clio is coming in, generally, over £3000 with a black box. Best quote so far after several hours of searching is £2207 fully comp. 
>Car kept on drive overnight
>Me (Dad) as a named driver
>She's a full time student with a part time waitressing job
>We had 7 months on a learner policy but they cancelled it when we told them she passed so no NCB or benefit from that.
>Quoting for 2-3 weeks advance start date

Anyone have any other tips or any hints on how to bring this staggering cost down? Yet another thing young people are priced out of. 

MattMattMattUK

DaveL485 said:

Daughter passed her driving test on Monday, obviously we were delighted. 

Spent yesterday trawling for full insurance quotes - its even more horrific than I expected! 17yo female new driver on a 0.9L, 2014 Renault Clio is coming in, generally, over £3000 with a black box. Best quote so far after several hours of searching is £2207 fully comp. 
>Car kept on drive overnight
>Me (Dad) as a named driver
>She's a full time student with a part time waitressing job
>We had 7 months on a learner policy but they cancelled it when we told them she passed so no NCB or benefit from that.
>Quoting for 2-3 weeks advance start date

Anyone have any other tips or any hints on how to bring this staggering cost down? 

Unfortunately insurance is expensive for young people as they are most likely to be in an at fault accident. Cost is one of the many reasons why almost no 17yo has a car these days. It will get slightly cheaper when she is over 18, slightly cheaper again when she has a year of driving even without an NCD, cheaper again every year after that without an accident. Factors such as working in hospitality increase insurance costs, but I am not sure how much for a 17yo vs the general overall cost. It would appear that the £2,207 policy is your best option.

DaveL485 said:

Yet another thing young people are priced out of. 

I am not really sure about that, when I was a new driver nearly twenty years ago my first year's insurance cost £1,300 which is 2,253.31 accounting for inflation, and I was 22 when I got my license. First years insurance has always been expensive, the driver is an unknown risk in a group of people who are generally high risk, so the policy is priced accordingly. 

la531983

Insurance for everyone has gone up the past year too, not just young people.

daveyjp

The waitressing job will work against her.

Even if she works in a no alcohol establishment and finishes at lunchtime the risk will be priced on access to alcohol and late night finishes.

Sea_Shell

The model car may be a factor too...not just the Ins Group.   Cars in the same "group" can still be rated differently.

Renault Clio's are very popular with young drivers and probably have the claims statistics to match.