Insurance for a 17 year old, just passed his test. £4,000+

[CYMR0]

SiH said:

Soovy said:

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 fkers

Well done on paying £900 to not be insured.

I thought the precedent had been set whereby if an insurance company decide to invalidate insurance cover (due to fronting or other nefarious activity on the part of the formerly insured) then any premium paid had to be refunded? See, every cloud has a silver lining; the LEIer might end up getting justifiably screwed but at least they'll get their £900 back. It'll be like Christmas!

So instead of going bankrupt for £250k they go bankrupt for £249,100? Bargain.

[SystemParanoia]

if you're going to go bankrupt, may as well make it a figure worth bragging about lol

[jamesedwards]

Just now checked an Admiral multicar quote. 4000 miles a year on W reg 12v Corsa 1.0 as an 18 year old with NO NCB having held a full UK licence for 8 months. Did it with 2 other individuals as occasional drivers (both with high NCB, one male one female) and myself as the major diver on my own policy. All in came out at £1541.

The biggest saver was waiting the 8 months rather than getting it straight away. saved over £850 waiting 8 months! well worth it.

[mini me]

NinjaPower said:

I couldn't find suitable employment in my home town so I happily moved away to where the work is. Same principle really.

The UK wasn't built around the motor car, it was built around people and horses. As a consequence our towns and cities are quite often usable for walkers and cyclists.

Selective quoting aside, are you suggesting that the OPs son buys a horse to go to work on?

Can you really seriously say with a straight face that the country we live in is not geared towards motoring?

Did you use a horse and cart to move to your new house for this job?

Dont be one of them. It had got totally out of proportion and I feel sorry for the young uns trying to get on the road these days. I don't think I could have done it nowadays and now I make a living from it! It's a bit like first time housing I think. Maybe a little empathy is in order eh?

No offence intended.

[mini me]

NinjaPower said:

I couldn't find suitable employment in my home town so I happily moved away to where the work is. Same principle really.

The UK wasn't built around the motor car, it was built around people and horses. As a consequence our towns and cities are quite often usable for walkers and cyclists.

Selective quoting aside, are you suggesting that the OPs son buys a horse to go to work on?

Can you really seriously say with a straight face that the country we live in is not geared towards motoring?

Did you use a horse and cart to move to your new house for this job?

Dont be one of them. It had got totally out of proportion and I feel sorry for the young uns trying to get on the road these days. I don't think I could have done it nowadays and now I make a living from it! It's a bit like first time housing I think. Maybe a little empathy is in order eh?

No offence intended.

[petrolsniffer]

Would all these spouting this 'privlige not right' bks be saying this if they were in the same position at 17?

A great shame many 17 year olds will never get the freedoms of thier past generations.

My own nephew whos 18 passed but had the same problems what did alarm me is 'I'll leave driving untill after uni' so 4 years after passing not gathering experience he'll be fully legal to go out onto the roads I hope he takes my advice of a few refresher lessons.

I have no doubt there will be others out there in the same position.

[sebhaque]

I got shafted when I first started driving at 18 (only 4 years ago), was paying something criminal like £2500 third party only (not even fire and theft!).

After playing with the figures I found that my renewal (on an Impreza) dropped from £2800 to £1600 if I put my excess up from £250 to £1000. Seeing as if the worst was to happen and I did crash, I'd end up paying the same anyway, it made sense to opt for the higher excess and spend less on the initial outlay. In a sense it also made me drive a bit more sensibly as I knew that if I stuffed it, I'd have to pay a lovely four figure sum before anything else happened.

My policy also has my mum and dad on it as named drivers. My mum won't go near my car and my dad won't drive it incase he kerbs a wheel (like he did my M3! ) but it helps bring the policy prices down and it's good to know they're fully covered on the insurance should they need to move my car or take it in an emergency etc.

I pay a very reasonably premium (£1200 fully comp) on my 911 now and I'm convinced that's down to my excess.

[ellis427]

Try LV there very cheap for insurance I got insured as an 18 year old on a 3 grand car for 3 grand.
Have a look seriously, and don't use comparison sites .

[snowdude2910]

SystemParanoia said:

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!

I think in most cases they probably wouldn't pay out for his car, they are obliged to still pay out any 3rd part claims and can chase him for it but he's 17 is it really going to be worth it?. I know a lad who crashed an s2000 after not telling them about a ban and from what I gather they paid to repair the wall he demolished in the process and just called it quits. I'm not saying this is a good idea a 10k lesson for him but it probably wont end in him working to pay off the insurance company for the rest of his life.

I thought we had it bad paying £1600 when I was 17 but it is ridiculous now, my brother is in the same boat atm he earns about 5k a year and the insurance companies want 80% of that to drive a £400 stbox. There needs to be some sort of a scheme where you put £3k in a bond and pay £1k premium and then if you haven't been a dick at the end of the year you get it back I can't see how the cost of insurance at 17 has almost tripled over the last 7years. For my brother the best option seems to go on my dads insurance on my dads car (not fronting just allowing him to use my dads car when he isn't using it) and get a pushbike for work and in a years time hopefully he'll have had a payrise and insurance drops to £1500 just for holding the licence for a year. I'd say this is probably the best option for your son too get himself a little cagiva mito 125 or something and use your car when he wants to go further afield. Just tell him bikers get all the girls and at that age he'll be onboard straight away.

As for the above scheme does anyone know how one would go about setting up such a thing and how much money a startup is likely to require? Is it just a case of contacting underwriters until you find one that would be onboard and then just find a broker to sell it for you or alot more hassle then that?

[swamp]

To put this all in perspective, claims of up to £20,000,000 have been made for single car crashes involving young drivers:

http://www.metro.co.uk/news/887672-20million-insur...

‘It’s not unusual to have three or four people injured in a car crash who will need care for life.’

[flibbage0]

Hi there, I'm a new member and have been lurking here for quite a while.

I'm in a similar situation.

I'm 19 had my driving license for a year and tried to get quotes on a range of vehicles, mum's 1.4 Fiesta to Volvo saloons. I tried adjusting the voluntary excess and limiting the mileage and etc.

Cheapest quote I can get is £2250 for 10 months and I don't even live in a bad postcode area.

However I will look at the websites mentioned earlier in the thread (LV, Adrian Flux and Swinton) and will report back.

[Raize]

swamp said:

To put this all in perspective, claims of up to £20,000,000 have been made for single car crashes involving young drivers:

http://www.metro.co.uk/news/887672-20million-insur...

‘It’s not unusual to have three or four people injured in a car crash who will need care for life.’

Interesting figures:

The average claim size for a male driver aged 17-19 is £4,473,

Figures from the Confused.com/Towers Watson car insurance price index shows premiums for 17 to 20-year-olds have risen 68 per cent on average over the last five years, to £2,590.

He cited figures showing that as many as 20 per cent of young drivers have had an accident,



So we pay 50% of the average claim every year to cover to 20% chance we might have an accident. These insurers are RAKING it in.

[ohtari]

Raize said:

Interesting figures:

The average claim size for a male driver aged 17-19 is £4,473,

Figures from the Confused.com/Towers Watson car insurance price index shows premiums for 17 to 20-year-olds have risen 68 per cent on average over the last five years, to £2,590.

He cited figures showing that as many as 20 per cent of young drivers have had an accident,



So we pay 50% of the average claim every year to cover to 20% chance we might have an accident. These insurers are RAKING it in.

Yeh, %20 have had an accident, I have and it wasn't my fking fault. A guy passed out at the wheel due to diabetes and hit me square on, putting me and my instructor in A&E via spinal boards. And to this day I'm paying EXTRA because of this!!!

The sooner the government take over the system, the better IMO, it's gone too far

[Grodecki]

I'm rather happy I got in a few years back when Footman James were still doing classic policies for 17 year olds. Had me a Rover Mini Cooper which was mildly fettled at 17 for £650 tpft.
And crashed it.

Then got an even more fettled Mini Sprite and continued the policy, before switiching to admiral for £650 FC in my 2nd year. Then bought an MX5 which cost £850 to insure.

I'm mind bendingly lucky with insurance.

[Negative Creep]

Grodecki said:

I'm rather happy I got in a few years back when Footman James were still doing classic policies for 17 year olds. Had me a Rover Mini Cooper which was mildly fettled at 17 for £650 tpft.
And crashed it.

So you're part of the reason they no longer insure 17 year olds

[Grodecki]

Negative Creep said:

So you're part of the reason they no longer insure 17 year olds

Sorry folks

[Burbleboy]

Young apprentice in my work uses Co-Op insurance and getting black gps box fitted. Insurance approx £800 and after 3 months, the insurance company checks data and, if you havent went over 70mph etc, they reduce the premium so on and so forth.

Gps box fitted for a year and you get extra discount if you stay with co-op.

[julian64]

ohtari said:

Raize said:

Interesting figures:

The average claim size for a male driver aged 17-19 is £4,473,

Figures from the Confused.com/Towers Watson car insurance price index shows premiums for 17 to 20-year-olds have risen 68 per cent on average over the last five years, to £2,590.

He cited figures showing that as many as 20 per cent of young drivers have had an accident,



So we pay 50% of the average claim every year to cover to 20% chance we might have an accident. These insurers are RAKING it in.

Yeh, %20 have had an accident, I have and it wasn't my fking fault. A guy passed out at the wheel due to diabetes and hit me square on, putting me and my instructor in A&E via spinal boards. And to this day I'm paying EXTRA because of this!!!

The sooner the government take over the system, the better IMO, it's gone too far

I think its an important lesson that you are partially responsible for just being there. You can't say 'nothing to do with me' because that will lead you into the claim culture.

As counter intuitive as this sounds, the blame for an accident is having one, AND not avoiding one. Which is why so many people get upset that they park at the side of the road one night, come out to a bashed car in the morning and get upset that their premiums go up.

As far as the government taking over the system comment, I assume you mean legislation against whiplash claims, and the like, otherwise not sure why the taxpayer should be paying for the increased risk of 17 year olds?

[Deva Link]

mini me said:

Selective quoting aside, are you suggesting that the OPs son buys a horse to go to work on?

In a similar vein, there's a story somewhere about a lad driving a tractor as his personal vehicle as they're very cheap to insure.

[s3fella]

My insurance in 1987 for a 1.1 fiesta pop plus was £693, 3rd party fire and theft.
Car was a 1985 and cost me 2100quid.
I worked all holidays at school, (genuinely not one day off on hols) to pay for it all.

Don't know what it translates to now, overall, but motoring as a 17 yr old has never been cheap, that's for sure. I recall not being able to afford petrol to get home from where we'd been on several occasions !