Insuraning High Performance Cars for New Drivers

[zuby84]

Hey guys,

Have you guys come across any companies that will insure a supercar to a newly qualified 17 year old driver? I kind of made a deal to my 16yr old brother that if he does well on his exams next year and he passes his driving test; I'll get him insured on my car for a few days. (ofcourse with me always supervising him) I don't know if I promised too much...

Cheers

[anonymous-user]

What car is it?

I'm guessing you will struggle, have you tried your current provider to add him as a named driver?

I would guess a few grand for a few days plus a huge excess

Your more trusting than I would be considering there is a pretty good chance he will crash.

[Danny S]

it will be cheaper to buy and run a Corsa for a year lol

[Mastodon2]

Even bypassing the massive issue of a crash damaging the car (very possible, even under supervision), theres the kerbed wheels, scratched paintwork etc. What kind of car are we talking about here? Perhaps instead you could give him a passenger ride in it instead?

[Twincharged]

Mastodon2 said:

Even bypassing the massive issue of a crash damaging the car (very possible, even under supervision), theres the kerbed wheels, scratched paintwork etc. What kind of car are we talking about here? Perhaps instead you could give him a passenger ride in it instead?

Passenger ride might seem a bit ordinary if he's his brother- I'm guessing he will have had plenty before.
Building on that idea though, maybe you could take it on a trackday and give it some passenger laps there; a completely new experience for him and something in it for you.

[Disco You]

What do you drive?

It might be that he has to settle for some track/ airfield action though because it can be expensive or impossible to add a 17 year old to any car for a week; my mum's insurers refused to add me to the policy of her 1.6 golf for a week when I was 17.

[zuby84]

Hey, I drive a Ferrari 360 just now so it will be that kind of car in august 2011 I have (maybe a gallardo) you're right; he gets plenty of drives in it and he's quite good in that he helps me wash it etc... I remember I had a lot of trouble getting insured on cars when I was younger through the mainstream insurance companies (or even the 'specialist' ones) but never knew if there was another out there specialising in this sort of thing.

Track experience days might be an option; is there an age requirement?

Edited by zuby84 on Saturday 11th September 17:34

[vit4]

Ferrari 360? And you'd trust a 17 year old in it?? Christ I know I wouldn't trust myself in a car like that, just need experience before any kind of performance car makes a half sensible proposition even if it is for a couple of days imo.

ETA: I think whilst it's a nice idea and it's more than I'd do for my brother , I can't believe any insurance company in the world would do it unfortunately.

Edited by vit4 on Saturday 11th September 18:46

[C2]

Give Chubb a go, they've got myself on a fantastic policy and i'm a relative whipper snapper. 17 might be pushing it even for them. Worth a shot though.

[Engineer1]

How about a track day in your car? or look into getting him insured whilst still a learner but just ready to take his test? both may be a lot cheaper and easier to get sorted than cover for a while on your car as a newly qualified driver. Other wise you fall back to a private road and at your own risk.

[rudecherub]

Isn't this where someone mentions self insurance and the Bank of England, ie £100k on deposit and you are your own insurance... perhaps an urban legend, I've never seen confirmation either way.

[redevil]

I'd be amazed if you'd get cover at any cost to be quite honest. No insurer I deal with on a day to day basis would dream of covering him I'm afraid. Just buy him an experience day.