Insurance: an enigma,wrapped in a riddle,cloaked in mystery
Discussion
Daughter is 17 soon, so thought I would commence the laughable exercise that is getting insurance quotes for teenagers.
Got a number of quotes for classic beetles, new beetles, 1 litres Seats, 1.2l Ford Ka - just a collection of small engine, low value things.
A few observations:
Insurance for a driver with a licence for 8 months or so, even as a named driver on my policy, is subtantial. If I bought and ran a 2005 1.6l Beetle, it cost £350 for me to insure it, but £3350 with daughter as a named driver.
No surprise there.
Much cheaper to insure a driver after 1 year. Some of the premiums reduced by £1000 if I quoted for daughter with licence for 1 year.
No surprise there.
It was MORE EXPENSIVE to insure for third party than fully comprehensive - with no other details changed.
How does that work? No courtesy car, repairs to the insured vehicle etc - premium went UP by £500.
In summary, she can stick with the bus until she leave school.
Got a number of quotes for classic beetles, new beetles, 1 litres Seats, 1.2l Ford Ka - just a collection of small engine, low value things.
A few observations:
Insurance for a driver with a licence for 8 months or so, even as a named driver on my policy, is subtantial. If I bought and ran a 2005 1.6l Beetle, it cost £350 for me to insure it, but £3350 with daughter as a named driver.
No surprise there.
Much cheaper to insure a driver after 1 year. Some of the premiums reduced by £1000 if I quoted for daughter with licence for 1 year.
No surprise there.
It was MORE EXPENSIVE to insure for third party than fully comprehensive - with no other details changed.
How does that work? No courtesy car, repairs to the insured vehicle etc - premium went UP by £500.
In summary, she can stick with the bus until she leave school.
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