Any Top Tips for Young Persons Insurance?

[chalet hostess]

I am trying to find insurance for my 18 year old son who's been named driver on my policy for nearly 2 years and has Pass Plus. A month ago I had a quote for £1800 for a 6 year old (54)Peugeot 206 S 1360cc, book value £2000. He's not getting the car until November so the quote expired and I went back online at the weekend - same company, same car, son 1 month older and the quote is now £5200! Company tell me reason is that insurance rates have gone up!You don't say.

So far, the best quote I have is over £3000. Is he being ripped off? This is 3rd party cover only. Postcode BN18. He's in full time employment as junior officer in the armed forces.

Can anyone please give me some top tips on how to reduce this price?

[kambites]

Classics and kit cars are often cheaper, if you can find a company who will insure him at that age. My first car was an MGB and cost about 300 quid fully comp to insure when everyone else was paying four figures on Novas.

Might be worth joining an organisation like the IAM, too? I'm a bit out of touch.

[alfa pint]

Lots of stuff in the news this morning that insurance quotes for young male drivers have increased by 50%.

Best bet is just to keep shopping around. As a serving military officer myself, I know his pay will go up quite a bit when he makes sub-lieutenant plus a year so he'll be able to pay it himself idc.

There are a few insurance companies that do discounts for the military, but I've never found the discounts to be any better than shopping around - but I'm quite a bit older.

[Shaw Tarse]

Have you added yourself as a named driver?

[RJDM3]

Keep the engine size to a minimum, below 1200cc. An older car will be cheaper too. Possibly add yourself as a named driver.

His pass plus should count as an equivilent 1yrs ncb discount and if he has been named on your policy, maybe just maybe they will give a discount for that subject to proof.

But sadly premium have increased alot over the past 12 months

[Kozy]

Get a evening job and some anal lube.

[The fatboy]

try every insurance company, insurance for a 206 shouldn't be that expensive. quoting by each company can save you a bit.

Edited by The fatboy on Tuesday 12th October 10:19

[kambites]

Shaw Tarse said:

Have you added yourself as a named driver?

That can certainly help a bit. Putting my mother (or wife) on my insurance drops it by around 100 quid a year (and I'm 30).

[ZOLLAR]

Sometimes Third party only cover is more expensive than third party fire and theft or comprehensive.
As said above add your as an additional driver to the policy too.

[Soovy]

Don't go for the obvious "young person" car - Corsa, Fiesta, Saxo etc.

These tend to be chosen by yioung poeple and then binned!


Try leftfielf stuff like Land Rovers, Volvos and the like which have a much better accident record.

[kambites]

Something that tends to be bought by the kinds of people who don't make claims, or at least don't make expensive claims, I guess. Statistically, I suppose that would be whatever you see being driven most by middle aged women. Maybe a small people carrier?

[wildman0609]

my fully comp insurance was cheaper than 3rd party by the same insurance company, strange.

when i added my parents the quote came down by £100 per parent.

make the voluntary excess high as possible. my excess last year was up to £750.
keep annual millage to a minimum.

last year my insurance as a 21year old male was £700 on a bmw 323i e36. this year i have 1 more year ncb and an alarm, and I'm 1 year older and now i have to pay over £1000. so yes insurance is getting more expensive

[robsco]

You could try lifting the voluntary excess, it may bite you on the backside if anything happens but it does drop premiums significantly.

[ZOLLAR]

robsco said:

You could try lifting the voluntary excess, it may bite you on the backside if anything happens but it does drop premiums significantly.

This is a good point, you can buy insurance to cover your excess too.
I've not looked into it in great detail but im sure it'll have its benefits come and accident and you don't have to fork out for a high excess.

[chalet hostess]

You people are amazing. I've already managed to get it down to £2300 doing all the things you suggested - fully comp instead of 3rd party, 750 excess, naming myself and his father as drivers on the policy. Working through the insurance companies and Admiral are in pole position offering 2 years NCB for his Pass Plus and being a named driver on my policy whilst he was learning.

Please keep the tips coming. He is paying for it himself - I'm just doing the donkey work for him.

[ZOLLAR]

chalet hostess said:

You people are amazing. I've already managed to get it down to £2300 doing all the things you suggested - fully comp instead of 3rd party, 750 excess, naming myself and his father as drivers on the policy. Working through the insurance companies and Admiral are in pole position offering 2 years NCB for his Pass Plus and being a named driver on my policy whilst he was learning.

Please keep the tips coming. He is paying for it himself - I'm just doing the donkey work for him.

Have you tried a multicar policy if you all live at the same address?.

[ben_h100]

Put yourself and his mum on as named drivers - will knock a fair chunk off.

[anonymous-user]

ben_h100 said:

Put yourself and his mum on as named drivers - will knock a fair chunk off.

Oh come now, please attempt to read the thread before replying

OP, have you spoken to Flux? I think there is a PH discount?