Car insurance for 17 year olds...any suggestions?

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Car insurance for 17 year olds...any suggestions?
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carolyn

Joined: 27 Mar 2008
Posts: 52
Location: mid wales

Posted: Thu Mar 22, 12 8:32 pm Post subject:
We've shopped around everywhere, just beware that you may get offered a good price whilst they are a provisional licence holder and then they hike the price up as soon as they pass. Our son turned 17 in November, passed his test in January and is paying a ridiculous amount for car insurance - much more than the value of his car!!!! The best deals we could find were with FUW and NFU

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Thu Mar 22, 12 8:35 pm Post subject:

Hairyloon wrote:

A chap on another forum said he'd got together with some mates and got insurance collectively as a mutual.
Said they saved a fortune, but was not forthcoming with any details on how to actually do it...

I'm going to say that again because I think it is worth looking into.

Alternatively, I did read (somewhere reasonably convincing) that it is not actually compulsory to have motor insurance, provided that you have £1/2million on deposit, ring-fenced in case of an accident.

Don't know how that works for buying road tax, or not triggering the police computers.

Rusticwood

Joined: 01 Dec 2009
Posts: 2154
Location: All over the South West

Posted: Thu Mar 22, 12 8:37 pm Post subject:
The reason the price goes up after they pass is they no longer have to have an experienced driver sitting next to them

welsh veg grower

Joined: 23 Jan 2009
Posts: 2030
Location: here today but tomorrow...

Posted: Thu Mar 22, 12 8:39 pm Post subject:

just sorting out our daughters first insurance aged 21 she didnt pass her test until last year and since then hasnt needed a car she is doing her pass plus this week (its almost free in wales you have to pay £20) the insurers I spoke to say it makes very little differnce.

The guy in the NFU office told me that its not about the type or size of car but the risk in your area. he explained it by saying the more claims for a type / make of car in an area the higher the risk for that car in your area. Therefore the higher the cost. I was looking at getting her a nissan micra or a fiesta and he suggested I'd be be better going for a skoda or a fiat as most of the youngsters in our area dont drive that type of car but go for fiestas and micras therefore you guessed it our TDI skoda came out cheaper than a 1.1 fiesta mad or what.

The same guy also suggested if she isnt driving it much to get a policy in my name or hubbies name and her as a named driver and a policy that allows her to build a no claims as a named driver. he also said I should then take a multicar policy 9as i would still have another car) which would also drop it down as I cant drive both cars at once even if she is a named driver on the 2nd car.

anyway hope that helps its just what i have found in rural west wales for a 21 year old girl by the way the cheapest quote I have had for her as a named driver with me on our skoda was £900 a nisan micra for her on her own would be nearly £2k.

carolyn

Joined: 27 Mar 2008
Posts: 52
Location: mid wales

Posted: Thu Mar 22, 12 8:41 pm Post subject:
I appreciate the reason why the premium will go up as soon as they pass but just warning people as I know a few that end up doubling the price of their premium and in the long run end up paying an absolute ridiculous amount on insurance

carolyn

Joined: 27 Mar 2008
Posts: 52
Location: mid wales

Posted: Thu Mar 22, 12 8:48 pm Post subject:

[quote="welsh veg grower:1231556"]
The same guy also suggested if she isnt driving it much to get a policy in my name or hubbies name and her as a named driver and a policy that allows her to build a no claims as a named driver.

I would be careful with this one, I've been told by many companies that if they go down as a named driver on your policy that it doesn't count at all towards their no claims in the future. To be honest these insurance companies have got us and if our kids want to drive they have to pay unrealistic amounts

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Thu Mar 22, 12 9:06 pm Post subject:
It depends on the company, I know some do allow named drivers to build up NCD although I expect you'd have to take out the new policy with them at least to start with. Also don't forget that if the policy has the parent the main driver and the child is just a named driver the parent must to most of the driving, otherwise the insurance may not pay out which is understandable.

john of wessex

Joined: 18 Jun 2007
Posts: 2130

Posted: Thu Mar 22, 12 9:07 pm Post subject:
Having seen how the numties in Saxo's drive round our way, I dont understand how many of them get cover. Theproblem as far as I understand it is that there are fewer young drivers as a % of the under 21 age group BUT their accident rate is getting worse. (Or Terminal Stupidity rate is much higher)

oldish chris

Joined: 14 Jun 2006
Posts: 4148
Location: Comfortably Wet Southport

Posted: Thu Mar 22, 12 9:12 pm Post subject:
Is it worth noting that the reason insurance is so expensive is the very high probability that a youngster will be in an accident (and may get hurt).

Mary-Jane

Joined: 13 Jan 2005
Posts: 18397
Location: The Fishing Strumpet is from Ceredigion in West Wales

Posted: Fri Mar 23, 12 9:17 am Post subject:

Hairyloon wrote:

Alternatively, I did read (somewhere reasonably convincing) that it is not actually compulsory to have motor insurance, provided that you have £1/2million on deposit, ring-fenced in case of an accident.

You cannot get a tax disc without car insurance.

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Fri Mar 23, 12 9:27 am Post subject:

Mary-Jane wrote:

Hairyloon wrote:

You cannot get a tax disc without car insurance.

Tax discs last for up to a year though, you can get car insurance for just a day.

Mary-Jane

Joined: 13 Jan 2005
Posts: 18397
Location: The Fishing Strumpet is from Ceredigion in West Wales

Posted: Fri Mar 23, 12 9:28 am Post subject:

Rob R wrote:

Mary-Jane wrote:

Hairyloon wrote:

You cannot get a tax disc without car insurance.

Tax discs last for up to a year though, you can get car insurance for just a day.

True. I hadn't thought of that.

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Fri Mar 23, 12 9:29 am Post subject:
Obviously not got a criminal mind...

wipka84

Joined: 07 Feb 2009
Posts: 221
Location: Essex, UK

Posted: Fri Mar 23, 12 9:40 am Post subject:

If you're looking to buy the car, pick one in a lower insurance group. Autotrader also list the insurance group in the vehicle spec/performance tab/extra info area where they supply stock information about a particular make/model/year.

The car they're driving could make a huge difference.

Car Insurance Group Cars 1 - 4

The following cars are in the lower insurance groups and you should get cheap online car insurance as a result:

Fiat Panda, Punto
Citroen C1,C2
Ford KA, Fiesta
Peugeot 107, 206, 207
Vauxhall Meriva, Corsa
Toyota Aygo, Yaris
Renault Clio
VW Fox, Polo
Skoda Fabia, Felicia

Car Insurance Group Cars 4 - 7

The following cars are in the small family car bracket:

Nissan Almera
Citroen C3,C4
Ford Focus
Peugeot 307
Vauxhall Astra
Toyota Corolla
Renault Meganne
VW Golf

Car Insurance Group Cars 8 - 12

The following cars are in the small family car bracket:

Nissan Primera
Citroen C5
Ford Mondeo
Peugeot 407
Vauxhall Vectra
Toyota Avensis
Renault Laguna
VW Passat

The Highest group cars (groups 16-20), fall into the prestige car category and include all the usual names:

Audi, BMW, Mercedes, Lexus, Volvo, Jaguar, Porche, Ferrari etc.

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Fri Mar 23, 12 9:55 am Post subject:

Mary-Jane wrote:

Hairyloon wrote:

You cannot get a tax disc without car insurance.

Is what I thought, but I also thought insurance was obligatory as did everybody I know.
If we were wrong about one, then we may be wrong about the other.

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