New driver insurance so mad..

13

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  • TELLIT01
    TELLIT01 Posts: 16,454 Forumite
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    It's not only for learners and new drivers that insurance premiums have rocketed this year.  Mine has increased by about that, admittedly from a low previous price.  It's still the cheapest I can find by a considerable amount.  I'm not a new driver, and haven't made a claim in literally decades.
  • Its mental though I just cant get over it... £3500+ over £300pm for car insurance..
    Its all part of the ongoing anti car drive to force people off the road and onto public transport I reckon..
  • Aretnap
    Aretnap Posts: 5,207 Forumite
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    Is there anything wrong or illegal in me buying a car on HP in my name, so it will be owned by the finance company and I will be the RK, but then putting the insurance in my daughters name and having her as main driver and stating she is not the owner or RK, with myself as an additional driver?? 
    If the finance is in my name, do I need to be the main driver??
    Absolutely nothing illegal, so long as you answer the questions about who is the owner, who is the main driver etc truthfully, and read the assumptions carefully to make sure they don't say "You (the policyholder) are the owner and registered keeper"for something similar.

    It may or may not help - not all insurers will allow her to insure a car that she is not the RK of - but some will so it's worth looking into.

  • Aretnap
    Aretnap Posts: 5,207 Forumite
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    Its mental though I just cant get over it... £3500+ over £300pm for car insurance..
    Its all part of the ongoing anti car drive to force people off the road and onto public transport I reckon..
    Seems a little improbable that companies whose main business is selling car insurance to drivers would be part of a grand conspiracy to force people to stop driving and use public transport instead, tbh.
  • 400ixl
    400ixl Posts: 2,777 Forumite
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    It isn't anything to do with any drive to force people off the road. Other than the level of tax on a policy the government does not set anything to do with the price, and the tax has not changed. That initiative is through the Low emissions zones.

    Also on the HP side, you may find an insurer willing to cover, you also need to check that the HP allows the same.

    The learner policy will be anywhere between 75 and 50% cheaper than when you pass your test, so what your friend is paying would be in line with that.

    Try some unusual cars like a 4 door Mercedes C class, Hyundai i40 or a Ford Mondeo as sometimes they can come up cheaper.

    The popular small cars like the C1, Aygo, 500, Fiesta, Up, i10 etc will all be high typically. The Hyundai i20 was a good option for our daughter, she has never paid more than £800 a year from aged 17 with no black box and just renewed this year at £597 (3 year NCD, 10% more than last year).

    It is unfortunate when youngsters can't get the insurance at a price to allow them to enjoy their freedom :(
  • Insurance companies are not going to make any money if drivers can't afford to use them..
    Just ran a quote on a Hyundai i20, 4700 was the cheapest.. going up to 9000..
  • misterbarlow
    misterbarlow Posts: 466 Forumite
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    edited 4 December 2023 at 6:17PM
    Could be a light in the tunnel found.. she's 18 on 29 Dec.
    Didn't think it would make that much difference, but I happened to change the start date and as soon as I hit her 18th bday suddenly a lot more quotes came up on the comparison sites, and for much less...
    They must see 18 as slightly less risk than 17 maybe for some reason??

    So I went on Hastings which was a new one that appeared who didn't show at 17 and did one on their site direct for starting on her 18th for a 1.2 Clio and it was "only" 1700. A Clio starting with her at 17 was over 4k.... 
  • Hoenir
    Hoenir Posts: 1,996 Forumite
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    edited 1 December 2023 at 11:13PM

    They must see 18 as slightly less risk than 17 maybe for some reason??


    When has it ever been any different. 
  • TELLIT01
    TELLIT01 Posts: 16,454 Forumite
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    Hoenir said:

    They must see 18 as slightly less risk than 17 maybe for some reason??


    When has it ever been any different. 

    Surely the amount of time they have held a full licence is a greater risk factor than simple age at 17 or 18.
  • sheramber
    sheramber Posts: 19,047 Forumite
    First Anniversary I've been Money Tipped! First Post Name Dropper
    Getting a quote a few weeks in advance is alway cheaper than buying with an immediate start.
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