Insurance for a 17 year old, just passed his test. £4,000+
Discussion
SystemParanoia said:
LEI LEI LEI like your life depends on it.
take on the policy claiming he's on provisional.. then claim he's passed a week later, keeping the lower premium.
if i did everything 100% truthful for my mrs, wed be paying over £2000 for insurance on a 1.0 suzuki swift.
lies, truth bending and a little deception gets in down to £900
thieving f
kers
I'd say that's bad advicetake on the policy claiming he's on provisional.. then claim he's passed a week later, keeping the lower premium.
if i did everything 100% truthful for my mrs, wed be paying over £2000 for insurance on a 1.0 suzuki swift.
lies, truth bending and a little deception gets in down to £900
thieving f
kersOr if you do decide to go down this road try keep what you've saved to one side incase someone ever tried to personally sue!
Mike Oxbig said:
People who have just passed their test, don't deserve cheap insurance.... Statistics back me up on this point of view
Which is why the GPS systems looked appealing. The fact that they are MORE than a `normal` policy from the comparison sites makes absolutely no sense to me. iKube was the company who we`d planned on going with.We did try adding my wife and myself and absolute Max reduction was £300, some policies even increased it the premium !. Elephant and Admiral were over £4600.
A motorbike / scooter is not an option.
philmots said:
I'd say that's bad advice
Or if you do decide to go down this road try keep what you've saved to one side incase someone ever tried to personally sue!
it is bad advice..Or if you do decide to go down this road try keep what you've saved to one side incase someone ever tried to personally sue!
but everybody's a tiny bit flexible with the truth.
i.e if you have a drive and garage.. its costs more, as its cheaper to claim you park on the street
if you select your occupation as priest/minister/religious nut job, it drops the cost way down ( im on the cencus as a Jedi so i have a paper trail of proof for this one lol )
RegMolehusband said:
I feel so sorry for youngsters having to pay these criminal premiums. The industry needs a shake - up.
E.g. Serious extra training for new drivers, including attitude, and lower premiums as a result. Sort out the whiplash claim industry.
Young male drivers need to stop crashing so much. Thats whats driving their premiums up. My premiums haven't change much rear on year for the past 15 years because I'm in a lower risk group.E.g. Serious extra training for new drivers, including attitude, and lower premiums as a result. Sort out the whiplash claim industry.
Being a young driver (see my cars in profile) this is what I have done:
- Use Bell / Admiral / Elephant (same group, different prices)
- Have my own policy, but add both parents as named drivers. That halved mine!
- Keep the car on the drive rather than in the garage
- Say the car has no security features at all, if applicable
- Think outside the box - there is a reason I bought a mk3 Mondeo at 18!
- Play the insurance companies off against each other. It doesn't hurt to ask if they will knock the price a bit
- Ramp up the excess. Made a huge difference to my premium, but make sure you can cover it should the worst happen
- Go on a multicar policy if possible. When my Mum's insurance is up next year I will be taking out a multicar policy with her (still in my name) and will be paying less than £700 a year for an E46 328i at 20
- Pay the premium outright if you can. Mine would have been twice as much if I wanted monthly payments
Tony Starks said:
Here in New zealand insurance is voluntary and the amount of young kids (they can drive at 15 here) driving Skylines, Cefiros or any Jap car with a turbo is is terrible and half of them dont bother to get NZ equivilant MOTs and Road tax and quite often end up in ditches or lampposts as they've tried to run from the police.
Interesting.No way I’d be shelling out even a fraction of what he’s been quoted. As previously mentioned if he needs to get about for college/work etc I’d be going down the 2 wheel route tehn getting a car once insurance is reasonable.
Back when I passed my test my dad wasn’t willing to insure on his or my mothers cars so I had the choice of not having a car or paying through the nose. I chose to pay through the nose and had a part-time job from which most of the money went on running/insuring a 1.4 Fiesta. From memory the 1st year premium was around a grand third party, that was 12 years ago.
Not that they’ll do it but with ridiculous premiums some sort of bond in addition to the premium would surely be a better option then if you claim it’s gone if not you get something back or is taken off your next years premium.
I'm 17. I am having the same problem as your son! I was using the comparison sites but that is not the way to go. One day I decided to have a quick look at LV ( Liverpool Victoria ) and I was in for a nice surprise!.
Having been quoted 4k for 1L micras I was getting cheesed off so when they quoted me £1800 Third Party I was pretty happy and for about £300 more you can get fully comp. They will insure up to 1.4L.
Having been quoted 4k for 1L micras I was getting cheesed off so when they quoted me £1800 Third Party I was pretty happy and for about £300 more you can get fully comp. They will insure up to 1.4L.
98elise said:
Young male drivers need to stop crashing so much. Thats whats driving their premiums up. My premiums haven't change much rear on year for the past 15 years because I'm in a lower risk group.
Are they really crashing THAT much? Is every 17-18 year old doing £4000+ worth of damage to their or somebody else's car every year? Or is the insurance industry just raking it in?BorkFactor said:
Being a young driver (see my cars in profile) this is what I have done:
Some good advice there.- Use Bell / Admiral / Elephant (same group, different prices)
- Have my own policy, but add both parents as named drivers. That halved mine!
- Keep the car on the drive rather than in the garage
- Say the car has no security features at all, if applicable
- Think outside the box - there is a reason I bought a mk3 Mondeo at 18!
- Play the insurance companies off against each other. It doesn't hurt to ask if they will knock the price a bit
- Ramp up the excess. Made a huge difference to my premium, but make sure you can cover it should the worst happen
- Go on a multicar policy if possible. When my Mum's insurance is up next year I will be taking out a multicar policy with her (still in my name) and will be paying less than £700 a year for an E46 328i at 20
- Pay the premium outright if you can. Mine would have been twice as much if I wanted monthly payments
The bit I highlighted just some additional advice if you go for a really high excess you can buy "excess insurance cover" usually costs about £50 so if the saving is around £100 you're still saving £50 without the worry of having to pay an excess.
RegMolehusband said:
Are they really crashing THAT much? Is every 17-18 year old doing £4000+ worth of damage to their or somebody else's car every year? Or is the insurance industry just raking it in?
It's not about damage to the cars - it's about claims for damage (real or not) to people.SystemParanoia said:
LEI LEI LEI like your life depends on it.
What does LEI stand for. Is this one of these new TLAs (three letter abbreviations) that I never know the meaning of.I wish people would just type what they mean ffs.
It could be he means LIE, but I wouldn't take advice from someone who spells a 3 letter word wrong 3 times on the trot!
ZOLLAR said:
Some good advice there.
The bit I highlighted just some additional advice if you go for a really high excess you can buy "excess insurance cover" usually costs about £50 so if the saving is around £100 you're still saving £50 without the worry of having to pay an excess.
I had no idea such a thing existed, thanks! Will look into that The bit I highlighted just some additional advice if you go for a really high excess you can buy "excess insurance cover" usually costs about £50 so if the saving is around £100 you're still saving £50 without the worry of having to pay an excess.
Just to add, there is usually a cut off point where putting the voluntary excess higher and higher will make no difference. I think putting mine at £250 took 25% off the premium compared to £150, but putting it over £300 didn't decrease the premium any further. There is usually compulsory excess for young drivers too, so do bear that in mind.
Quinnaay said:
As a 20 year old male myself and having gone through it already the cheapest i had found was £2,500 for a 1.2 Fiat Punto with Admiral third party fire and theft. After the first year it dropped over £1000.
Did you get a price for fully comprehensive cover? They wanted an extra £500 from me if I wanted third party fire and theft. Can't remember my exact price, but I pay around £800 p/a on my car when I took out the policy at 19. This is compared to plugging my details into GoCompare and getting quotes of £3k+!
Edited by BorkFactor on Monday 30th July 08:53
BorkFactor said:
Being a young driver (see my cars in profile) this is what I have done:
Some good advice there, even for a 30-something like myself. Might try some of those tips when it comes to renewal.- Use Bell / Admiral / Elephant (same group, different prices)
- Have my own policy, but add both parents as named drivers. That halved mine!
- Keep the car on the drive rather than in the garage
- Say the car has no security features at all, if applicable
- Think outside the box - there is a reason I bought a mk3 Mondeo at 18!
- Play the insurance companies off against each other. It doesn't hurt to ask if they will knock the price a bit
- Ramp up the excess. Made a huge difference to my premium, but make sure you can cover it should the worst happen
- Go on a multicar policy if possible. When my Mum's insurance is up next year I will be taking out a multicar policy with her (still in my name) and will be paying less than £700 a year for an E46 328i at 20
- Pay the premium outright if you can. Mine would have been twice as much if I wanted monthly payments
alfabadass said:
There's only one thing for it.
Insurance should not be required by law.
That'll shake things up a bit!
LOL!Insurance should not be required by law.
That'll shake things up a bit!
every industry where insurance is completely optional.. cycling for instance, the prices are low low low and very competitive
when they have a stranglehold monopoly the prices goto the mental levels they are now
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