Young driver insurance
Discussion
Hi Folks.
My eldest is due to start driving in the next year and my investigations so far are leading me to believe that, short of driving around uninsured, it is impossible to avoid being bent over and f****d up the a**e by the insurance companies.
Does anyone know if this is definitely the case or are there any reasonable ways of getting him on the road?
What is everyone else's experience?
Cheers chaps
My eldest is due to start driving in the next year and my investigations so far are leading me to believe that, short of driving around uninsured, it is impossible to avoid being bent over and f****d up the a**e by the insurance companies.
Does anyone know if this is definitely the case or are there any reasonable ways of getting him on the road?
What is everyone else's experience?
Cheers chaps
My insurance is with Admiral, we have a multicar policy and we have 3 group 20 cars and 2 lower grouped cars under the main policy.
I Im 17 and have a 1.8 Astra bertone coupe with Big brake upgrade and a few other mods and fully comp they charged me 1675 quid for a sub policy that still gives no claims each year........ Happy days !
I Im 17 and have a 1.8 Astra bertone coupe with Big brake upgrade and a few other mods and fully comp they charged me 1675 quid for a sub policy that still gives no claims each year........ Happy days !
Just done this for my daughter cheapest Admiral but only by adding me and wife as named drivers went down from £1900 to £995 be careful of cheap quotes on provisional licence as some treble when passed test.
Sorry as you have a son and I am afraid they are much higher to insure it is crazy how you teach your children to get on in life and how do they expect a 17 year old to fund 2-4K a year on insurance as a parent you try and make them stand on their own two feet my eldests boyfriend passed 2 years ago and cannot afford car or insurance how far do you go in helping them.I have stumped up this year and will probably have to until they get a better paying job the whole thing blows your mind and wonder where it is all going the whole country is f
ked up
Sorry as you have a son and I am afraid they are much higher to insure it is crazy how you teach your children to get on in life and how do they expect a 17 year old to fund 2-4K a year on insurance as a parent you try and make them stand on their own two feet my eldests boyfriend passed 2 years ago and cannot afford car or insurance how far do you go in helping them.I have stumped up this year and will probably have to until they get a better paying job the whole thing blows your mind and wonder where it is all going the whole country is f
ked upwackojacko said:
My insurance is with Admiral, we have a multicar policy and we have 3 group 20 cars and 2 lower grouped cars under the main policy.
I Im 17 and have a 1.8 Astra bertone coupe with Big brake upgrade and a few other mods and fully comp they charged me 1675 quid for a sub policy that still gives no claims each year........ Happy days !
Happy days?? £1675?? Bloody hell!I Im 17 and have a 1.8 Astra bertone coupe with Big brake upgrade and a few other mods and fully comp they charged me 1675 quid for a sub policy that still gives no claims each year........ Happy days !
Maybe I need to get him on to a motorbike!
There really should be a way to sort this situation out - it's absolute extortion.
ICSD said:
wackojacko said:
My insurance is with Admiral, we have a multicar policy and we have 3 group 20 cars and 2 lower grouped cars under the main policy.
I Im 17 and have a 1.8 Astra bertone coupe with Big brake upgrade and a few other mods and fully comp they charged me 1675 quid for a sub policy that still gives no claims each year........ Happy days !
Happy days?? £1675?? Bloody hell!I Im 17 and have a 1.8 Astra bertone coupe with Big brake upgrade and a few other mods and fully comp they charged me 1675 quid for a sub policy that still gives no claims each year........ Happy days !
Maybe I need to get him on to a motorbike!
There really should be a way to sort this situation out - it's absolute extortion.
) I've had quotes for third party fire and theft that where 6k ! It is what it is, I'm 21 with 2 years ncb and still pay over 1k for a 1.6 and I can't see things changing anytime soon in terms of prices for young drivers. Put yourself in the insurance companies position, would you want to insure a 17 year old new driver for a year for under 2k? I wouldn't.
fronting a no no, but how about just letting him be a named driver on your car/your second car (as long as it is your car)? Won't accrue the NCB but age seems a bigger factor than pure NCB nowadays. Otherwise, would he accrue any NCB on a bike policy, something like a 125 or even a moped? Probably not what he wants but any transportation is better than none at that age.
I think this is a bomb that has just gone bang.
If you are under 25 then the ins companies dont want you, if you are also a boy forget it.
4 and a bit yers ago my wife and I purchased a new additional car for us that the kids could learn in and have some use of.
Year 1, wife and I and daughter when she got to 17 as learner and then after she passed test, £600 ish
Year 2 as above but daughter 10 months acident free driving, £600 ish
Year 3 as abovebut daughter 22 months acident free and add 17 year old son as learner and then new driver, £600ish
year 4 add 12 months accident free to everyone, £600 ish
Year 5 add another 12 months acident free driving and Rospa gold for son,
£1700 ish WTF
As both children are away at uni, not with this car, daughter now has her own car and we insure business, tractors and another car with them we expected some negotiation, nothing.
The thing that anoyes me most is the total lack of consideration for anny other factors other than age and gender, there is nothing they can do to demonstrate reduced risk.
the fine for no insurance is £200 ish, seems like good ods to me.
If you are under 25 then the ins companies dont want you, if you are also a boy forget it.
4 and a bit yers ago my wife and I purchased a new additional car for us that the kids could learn in and have some use of.
Year 1, wife and I and daughter when she got to 17 as learner and then after she passed test, £600 ish
Year 2 as above but daughter 10 months acident free driving, £600 ish
Year 3 as abovebut daughter 22 months acident free and add 17 year old son as learner and then new driver, £600ish
year 4 add 12 months accident free to everyone, £600 ish
Year 5 add another 12 months acident free driving and Rospa gold for son,
£1700 ish WTF
As both children are away at uni, not with this car, daughter now has her own car and we insure business, tractors and another car with them we expected some negotiation, nothing.
The thing that anoyes me most is the total lack of consideration for anny other factors other than age and gender, there is nothing they can do to demonstrate reduced risk.
the fine for no insurance is £200 ish, seems like good ods to me.
GG89 said:
It is what it is, I'm 21 with 2 years ncb and still pay over 1k for a 1.6 and I can't see things changing anytime soon in terms of prices for young drivers. Put yourself in the insurance companies position, would you want to insure a 17 year old new driver for a year for under 2k? I wouldn't.
sorry, that doesn't wash. Insurance is a competitive market and yet no one is trying to win this business - there must be some collusion.Surely the risk could be soaked up with high excesses and deposits. That way only the poor drivers pay the big money.
Edited by ICSD on Thursday 20th January 20:49
I love insurance companies.
I recently, as a 17 year old, wanted to insure a 1.8ltr Vauxhall worth only £145. I put the excess at £1000 to try and make it easier, so i'd pay nearly 7 times the value of the car before they have to pay anything out.
Yes sir, that'll be ONLY £9863.14.
So, i'd ONLY pay seventy times as much as the car to insure it.
I recently, as a 17 year old, wanted to insure a 1.8ltr Vauxhall worth only £145. I put the excess at £1000 to try and make it easier, so i'd pay nearly 7 times the value of the car before they have to pay anything out.
Yes sir, that'll be ONLY £9863.14.
So, i'd ONLY pay seventy times as much as the car to insure it.
MGB Boy said:
17 years old, TPFT, Unlimited mileage, 30 day European cover on a 1977 1.8 MGB GT cost me £1034 through Footman James (phone for a quote no chance on line)
Someone else I know also got insured with them on an MGB GT for £890.
Similar story to a mate of mine that has a 1600 4door MK2 Escort on Twin 45's, he is also 'TPFT' I think his insurance came to 1450 which stil isn't bad for a 17 year old with a modified car.Someone else I know also got insured with them on an MGB GT for £890.
wackojacko said:
MGB Boy said:
17 years old, TPFT, Unlimited mileage, 30 day European cover on a 1977 1.8 MGB GT cost me £1034 through Footman James (phone for a quote no chance on line)
Someone else I know also got insured with them on an MGB GT for £890.
Similar story to a mate of mine that has a 1600 4door MK2 Escort on Twin 45's, he is also 'TPFT' I think his insurance came to 1450 which stil isn't bad for a 17 year old with a modified car.Someone else I know also got insured with them on an MGB GT for £890.
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