Young driver insurance

[Jamirecluse]

I was thinking of building a kit car once I gain a bit more mechanical knowledge.
Does anyone have experience of insuring a bike engined car(particulaly a Fisher Fury/Sylva Phoenix design)for a 19-20 year old to drive a few thousand miles per year?
Also,how long would it take (working maybe 10 hours per week) to complete the car?

[FlossyThePig]

Insurance has so many permutations I suggest you contact one or two of the specialist brokers (*Flux, Sykes, etc.) you may be surprised.

[slomax]

im insured on my Lomax via footman james for ~£400. I'm 20

granted, it's no furyblade or anythinglike that, but it does me.



(3k miles a year, covered in europe with breakdown cover too)

[AdiT]

Don't know about insurance prices for younger drivers, other than some younger drivers have had trouble getting cover over on locostbuilder.co.uk and it might be worth asking there. The ins' companies are starting to catch on to bike engines and loading the premiums accordingly. Mine is circa £400 (49yrs and loaded for post code and profession) on a FuryR1.
The build took me 18months but probably only averaged 6 hours a week on it (sometimes 20hrs, sometimes none).

[Jamirecluse]

Thanks.Will look into those companies.

AdiT ,would you recommend building your own car or am I likely to lose interest half way through?

[AdiT]

Building is a long slog but I enjoyed it... mostly. However I do think there's a good argument to be made for buying a built/registered car and then either stripping it and rebuilding or modifying to your spec'. It cost more to build than you can ever recover when you sell. You'll save a lot that way and not have to go through the IVA/reg' process.
Right now I'd get a built car, tidy it up this winter, use it next year and decide what you like and don't, then rebuild next winter.

[Jamirecluse]

Cheers.IVA didn't sound appealing-£450 and a 600 mile round trip with a hired trailer - no thanks!

[InternetStalker]

Jamirecluse said:

I was thinking of building a kit car once I gain a bit more mechanical knowledge.
Does anyone have experience of insuring a bike engined car(particulaly a Fisher Fury/Sylva Phoenix design)for a 19-20 year old to drive a few thousand miles per year?
Also,how long would it take (working maybe 10 hours per week) to complete the car?

As an insurance underwriter for my sins, I'd say speak to as many specialist brokers as you can. It is in your favour that you intend to build the car yourself - to an underwriter this says "enthusiast" whereas a young driver buying a BEC second-hand says "lad wanting an easy route to wrapping himself and his car round a tree". Join a relevant club as a few insurers will discount for this. Limit the mileage as low as you can bear, offer to take a high excess, consider taking the IAM and see how you get on.

[MG CHRIS]

Well im 19 and running a quantum coupe and insurance with footman james, membership with the owners club, tpft, limited 6000 miles a year cost £735 which is the cheapest car i can get to insure and it only cost me £435 so a car on the road for £1200 cant go wrong.