Car insurance young drivers

Whataman

I am a retired Grandparent who has taught both my Granchildren to drive and pass their test, the eldest (21 yr old) I added as a named driver on my policy to give him the ebility to gain occasional driving experience and paid an insurance premium (approx £400) and increased excess both of course expected, however my younger Granchild has now passed her test and I would like to do the same for her. However, I have now been told I have to pay an extra premium to add her on (approx£600).
I cannot see the logic of having to pay about £1,000 extra premium to insure both children when only one can drive the car at a time.....seems very illogical and unfair.
By all means, charge me the higher premium for the less experienced one for both to drive but not both!
Any comments?  

400ixl

Makes sense to me.

You went from the risk being 100% on you driving, to a risk a 21 year old could be driving which increased the policy. You are now adding another risk of a newly qualified driver being at the wheel so they have their own risk profile.

They do not know which risk they are insuring for what period therefore they cover then all. They are essentially saying the mix of the two additional drivers is an additional cost of £1000, not £400+£600.

Have you tried a quote for just having the younger driver and not the older one? I bet it won't be just £600 more than just you being the only driver.

DullGreyGuy

Whataman said:

I am a retired Grandparent who has taught both my Granchildren to drive and pass their test, the eldest (21 yr old) I added as a named driver on my policy to give him the ebility to gain occasional driving experience and paid an insurance premium (approx £400) and increased excess both of course expected, however my younger Granchild has now passed her test and I would like to do the same for her. However, I have now been told I have to pay an extra premium to add her on (approx£600).
I cannot see the logic of having to pay about £1,000 extra premium to insure both children when only one can drive the car at a time.....seems very illogical and unfair.
By all means, charge me the higher premium for the less experienced one for both to drive but not both!
Any comments?  

Insurance pricing is based on statistical analysis not logic... if they find there is a worse claims experience when there are two young drivers as named drivers than one then they will charge the appropriate increase in premiums. Logic is only ever used when there is no stats to back up the idea (eg when introducing credit score as a rating factor) and then its used highly cautiously until such time as data can be used to refine the logic. 

With two grandkids named its likely the total amount of time a young driver is in control of the vehicle is higher than if there was just one, yes only one can drive it at a time but no vehicle is used 24/7/365. The newer driver is younger and less experienced and so was clearly going to increase the risk -v- the now older more experienced grandkid. 

Obviously everyone will be the exception to the rule but insurers can only segment their book so far otherwise the statistical relevance becomes too small. So whilst you say yours is for occasional use you are also in the same bucket as those who's two (grand)kids are doing almost two thirds of the driving. Insurers dont have a way to enforce how much/little each named driver will use the car so cannot consider that in pricing and so its based on an average.