Car Insurance Excess
Discussion
Personally, I think it'd depend on your salary. If you can COMFORTABLY afford it then go for it - I couldn't justify paying it however.
I'm 23, when I was 21 (just after my birthday) I bought an EP3 Type R and managed to get insured on that for £1.1K. Definitely shop around - have you tried flux direct? They gave me a young driver and hot hatch discount.
Good luck either way and let me know how it goes.
Definitely shop around though because sometimes specialists/brokers can save you a fortune!
I'm 23, when I was 21 (just after my birthday) I bought an EP3 Type R and managed to get insured on that for £1.1K. Definitely shop around - have you tried flux direct? They gave me a young driver and hot hatch discount.
Good luck either way and let me know how it goes.
Definitely shop around though because sometimes specialists/brokers can save you a fortune!
SuperBen said:
Evening Chaps,
I have been looking at car insurance this evening, Being 20 years old I know I'm setting my sights rather high (Mini Cooper S/JCW)
Would a £3000 excess put you off? Or is it a case of 'Your young, do it'
Looking forward to your replys
Ben
Not necessarily - its about what you' e got, and what you can afford to loose. I'd recommend getting as high an excess as the insurance co will let you, then cancel it out with excess insurance.I have been looking at car insurance this evening, Being 20 years old I know I'm setting my sights rather high (Mini Cooper S/JCW)
Would a £3000 excess put you off? Or is it a case of 'Your young, do it'
Looking forward to your replys
Ben
Stsrt your own policy and do the job properly.
A £3,000 premium with £3,000 excess sounds bonkers to me for driving a Mini. You should be able to get a perfectly suitable car in your own name on much better terms. My guess is a premium around £2,000 and a £500 excess. Put your Mum as a named driver on YOUR plicy and that will help hold the premium down.
A £3,000 premium with £3,000 excess sounds bonkers to me for driving a Mini. You should be able to get a perfectly suitable car in your own name on much better terms. My guess is a premium around £2,000 and a £500 excess. Put your Mum as a named driver on YOUR plicy and that will help hold the premium down.
£3k to be a named driver on your Mum's car? Assuming that it is her car and she is the main user ... otherwise you're potentially paying £3k to not be insured.
I'd set my sights lower than that, sorry... if you're the main user and it's your car, you'll just have to get some no claims in your name otherwise that premium will stay high.
I'd set my sights lower than that, sorry... if you're the main user and it's your car, you'll just have to get some no claims in your name otherwise that premium will stay high.
SuperBen said:
Grenoble said:
Will you be the main driver?
Yes 
SuperBen said:
Prices are coming back at £2900 fully comp, Me as a named driver on my Mum's policy with full no claims.
Then get your own policy. No point in being a named driver on your mums policy if you are the main driver. With insurance you need to prove usage, no point in having a policy that they refuse to pay out some of your cover on...SuperBen said:
Grenoble said:
Will you be the main driver?
Yes OP in short this 'fronting', you are pretending your mum is policy holder (and in most cases will also be considered the main driver as you are unlikely to tell them you are).
Therefore they will probably pay up for small bumps but for a larger liability they may dig and find out the truth, in which case you may find yourself uninsured.
SuperBen said:
Insuring me with my Mum also named on the policy brings the cheapest quote with Elephant at £7148
And that reflects the risk for you as a driver.Hint: set your sights slightly lower, look at owners club specialist insurers, etc. You are a high risk driver looking at a very quick car.
DON'T mislead the insurer; they spend a lot (read, an awful lot) on fraud detection and as a young driver in a high powered car, if you have an accident (especially if someone else was injured) they are likely to investigate. Which is a world of pain you don't want.
Do what the rest of us did, buy something fun for a few years, build up some NCB. Spend extra money on karting, track days, girls and partying... remember it's not how fast you go, it's how you drive it.
Edited by Grenoble on Sunday 23 September 23:56
H_Kan said:
Oh dear, can't see this going well...
OP in short this 'fronting', you are pretending your mum is policy holder (and in most cases will also be considered the main driver as you are unlikely to tell them you are).
Therefore they will probably pay up for small bumps but for a larger liability they may dig and find out the truth, in which case you may find yourself uninsured.
I'm not familar with 'Fronting' but surely when the the insurance comparison website with the annoying meerkat asks you 'Who will be the main driver of this vehicle, I answered me'OP in short this 'fronting', you are pretending your mum is policy holder (and in most cases will also be considered the main driver as you are unlikely to tell them you are).
Therefore they will probably pay up for small bumps but for a larger liability they may dig and find out the truth, in which case you may find yourself uninsured.
I don't know how that could be fronting?
C2james said:
SuperBen said:
Insuring me with my Mum also named on the policy brings the cheapest quote with Elephant at £7148
i did a quote for next year (21) for a mini cooper s GP and it was £1100 with my mum on the insurance, everything in my name and 3yr ncb. eg. Mate of mine is same age as me, both been driving for similar times with similar NCB. He lives 10 mins from me, this alone means his quotes tend to be 50% higher then mine.
SuperBen said:
Insuring me with my Mum also named on the policy brings the cheapest quote with Elephant at £7148
And now you see the real cost of these things. Fronting a policy with your mother is a shabby way to go about things. And if you are found out, it will quickly come back to bite you on the arse, hard. Heed my advice and do things properly. You will find that most people on PH have the decency to do things the right way, and pay for the pleasure of doing so.Also, the quotes you are getting back are ridiculous but I suppose that's what young drivers will pay now, especially for a car like the Cooper S, a favourite among trendies who probably know naff all about driving and crash them anyway (much like the Audi TT, similarly stiff to insure when you're young). What you really need is some No Claims Bonus. That's what gets your premiums down. And if you have to drive something cheaper to insure for a couple of years to get some behind you, do that.
Would I be prepared to drive on a policy with a £3000 excess? No, on the principle of the matter. I wouldn't ever plan on having an accident, but to think you could smoke £3000 in an instant for no gain over an accident is pretty grim. And for what, a Mini Cooper S? They're not even that good.
Baryonyx said:
And now you see the real cost of these things. Fronting a policy with your mother is a shabby way to go about things. And if you are found out, it will quickly come back to bite you on the arse, hard. Heed my advice and do things properly. You will find that most people on PH have the decency to do things the right way, and pay for the pleasure of doing so.
Also, the quotes you are getting back are ridiculous but I suppose that's what young drivers will pay now, especially for a car like the Cooper S, a favourite among trendies who probably know naff all about driving and crash them anyway (much like the Audi TT, similarly stiff to insure when you're young). What you really need is some No Claims Bonus. That's what gets your premiums down. And if you have to drive something cheaper to insure for a couple of years to get some behind you, do that.
Would I be prepared to drive on a policy with a £3000 excess? No, on the principle of the matter. I wouldn't ever plan on having an accident, but to think you could smoke £3000 in an instant for no gain over an accident is pretty grim. And for what, a Mini Cooper S? They're not even that good.
I'm not wanting to break the law in anyway! Maybe I should start looking at bog standard Corsa's! Also, the quotes you are getting back are ridiculous but I suppose that's what young drivers will pay now, especially for a car like the Cooper S, a favourite among trendies who probably know naff all about driving and crash them anyway (much like the Audi TT, similarly stiff to insure when you're young). What you really need is some No Claims Bonus. That's what gets your premiums down. And if you have to drive something cheaper to insure for a couple of years to get some behind you, do that.
Would I be prepared to drive on a policy with a £3000 excess? No, on the principle of the matter. I wouldn't ever plan on having an accident, but to think you could smoke £3000 in an instant for no gain over an accident is pretty grim. And for what, a Mini Cooper S? They're not even that good.
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