Young driver insurance quote variations
Discussion
One of my children will hopefully pass their test soon. They'll use a Mini 1.5 Sport, which is registered to me.
When I checked a couple of months ago, Hastings wanted about £1000pa to insure them with a black box. Today, Hastings doesn't even feature on the comparison sites and Marmalade are the cheapest at £1400, again with a black box. Direct with Hastings it is £1800.
I am assuming that a black box is a given to keep costs sensible, correct me if I am wrong.
I added myself as a named driver. Older chap, clean licence.
The youth will be the main driver but only about 3k miles per annum currently and I don't mind a big excess.
Has anyone done this recently and if so who did you find cheapest and did adding more named driver etc make any difference?
Many thanks
Louis Balfour said:
.....and did adding more named driver etc make any difference?
Yes, when insuring for the first time, adding both parents as named drivers reduced my boy's insurance.And separately, when I added my brother in law to my own cover on a temporary basis when he visited us I actually received a refund of premium of a few pounds!
Black box policy on daughters 1.5 Mini cooper lasted about 3 months after passing test. Very difficult to drive within their required parameters so policy had to be terminated. Move to a multi car deal with Hastings direct which brought the premium down below the original black box policy (also Hastings).
There's so many factors (although, I'm sure it's just a pick a number of of a hat game!!!!).
Try different comparison sites - I've seen very different prices from the same insurers on different sites.
My boys started off with insure the box - they were the cheapest and they use positive reinforcement on the black box - you get bonus miles for driving well. They won't come up on comparison sites unless you put in 10,000 miles or less. You can buy more miles througout the year though.
Try different comparison sites - I've seen very different prices from the same insurers on different sites.
My boys started off with insure the box - they were the cheapest and they use positive reinforcement on the black box - you get bonus miles for driving well. They won't come up on comparison sites unless you put in 10,000 miles or less. You can buy more miles througout the year though.
My lad's learner policy is 427.
I've added a year to his age to make him 18 and put in 4 months driving experience, both parents on the policy and it came back around 1350 with a black box and about 1550 without. His is an MR2 Mk 3.
It depends on the car though as many will just give a black box quote.
I use the GoCompare site because it's easy to keep editing parameters to judge the effect by which I mean parking on the street can be cheaper than the driveway (harder to target keys). You can see the difference between adding commuting and you can see how much the excess alters the premium. Beyond a certain figure, it makes no difference at all.
GoCompare also offer a free £250 Excess policy in the event he does have a claim.
I've added a year to his age to make him 18 and put in 4 months driving experience, both parents on the policy and it came back around 1350 with a black box and about 1550 without. His is an MR2 Mk 3.
It depends on the car though as many will just give a black box quote.
I use the GoCompare site because it's easy to keep editing parameters to judge the effect by which I mean parking on the street can be cheaper than the driveway (harder to target keys). You can see the difference between adding commuting and you can see how much the excess alters the premium. Beyond a certain figure, it makes no difference at all.
GoCompare also offer a free £250 Excess policy in the event he does have a claim.
richard-8zwx3 said:
Black box policy on daughters 1.5 Mini cooper lasted about 3 months after passing test. Very difficult to drive within their required parameters so policy had to be terminated. Move to a multi car deal with Hastings direct which brought the premium down below the original black box policy (also Hastings).
Can you expand upon this please?Haven't done very recently but when all 3 of mine had their own policies always found Admiral ( with no black box requirement ) was the cheapest.
Having both me and my wife added as Named drivers ( when their tests passed ) bought the price down although not sure both of us made a huge difference.
From memory just went with standard excess each time.
Having both me and my wife added as Named drivers ( when their tests passed ) bought the price down although not sure both of us made a huge difference.
From memory just went with standard excess each time.
Black box doesn't suit all circumstances though. They penalise drivers for late night use, all very well but my son has a part time job in a local spar, sometimes not finishing until after 11pm. So driving home after a shift goes against him
We shopped around, got a better policy without a bb cheaper. Couple of years experience behind him now, at 21 he's paying around £600 on a 1.2 Polo.
We shopped around, got a better policy without a bb cheaper. Couple of years experience behind him now, at 21 he's paying around £600 on a 1.2 Polo.
Bobupndown said:
Black box doesn't suit all circumstances though. They penalise drivers for late night use, all very well but my son has a part time job in a local spar, sometimes not finishing until after 11pm. So driving home after a shift goes against him
We shopped around, got a better policy without a bb cheaper. Couple of years experience behind him now, at 21 he's paying around £600 on a 1.2 Polo.
Aside from universal stuff such as speeding, the penalties / demerit conditions on a black box policy vary between insurers, so it's always worth checking the Ts and Cs. That said, many take a dim view of late driving.We shopped around, got a better policy without a bb cheaper. Couple of years experience behind him now, at 21 he's paying around £600 on a 1.2 Polo.
We have this dilemma coming up shortly. Daughter has her test in 3 weeks time, and hopefully we'll be looking at full license insurance for her on her 2011 Aygo. Playing with some comparison sites, for a full year's cover we're looking at about £1,100 with a black box and £1,400 without. As mentioned, Ts and Cs on the black box vary wildly. She works part time in a local supermarket and her Saturday shift finishes at 10pm, which some policies really don't like. Others are more relaxed.
I'm also going to talk to her current insurer to see if it's possible to "upgrade" her existing learner policy to full cover for the remainder of the year which should not only save a few quid up front, but will hopefully accelerate her achievement of the first year's NCB. It seems the rules around NCB earned on provisional licenses vary among insurers, but most will at least take it into account when quoting.
Limpet said:
I'm also going to talk to her current insurer to see if it's possible to "upgrade" her existing learner policy to full cover for the remainder of the year which should not only save a few quid up front, but will hopefully accelerate her achievement of the first year's NCB. It seems the rules around NCB earned on provisional licenses vary among insurers, but most will at least take it into account when quoting.
As above my children were all with Admiral and when they passed informed Admiral accordingly ( you have to do this obviously ) , paid the additional premium but the 1 year NCB started 12 months after when they first took out the policy not from when they passed their tests.richard-8zwx3 said:
Black box policy on daughters 1.5 Mini cooper lasted about 3 months after passing test. Very difficult to drive within their required parameters so policy had to be terminated. Move to a multi car deal with Hastings direct which brought the premium down below the original black box policy (also Hastings).
I'm intrigued by this as my son is on a Hastings black box policy and I was worried it was going to be onerous, but we've both been very pleasantly surprised at how fair it is.No curfew either.
alscar said:
As above my children were all with Admiral and when they passed informed Admiral accordingly ( you have to do this obviously ) , paid the additional premium but the 1 year NCB started 12 months after when they first took out the policy not from when they passed their tests.
Good to know, and sounds about right. Having the months NCB accrued not count, and having to start a new 12 month policy from scratch is of course the most expensive way of doing things for the punter, although it does at least mean there's no reason whatsoever to stay with the same broker/insurer instead of cancelling and going out to the market, unless the existing broker's quote is highly competitive of course. I have my own views on the likelihood of that based on experience making mid-term policy changes over the years, but will be amazed if my best option turns out to be anything other than accepting a 10% refund of the premium paid for the 7 months unused cover (30% of the premium from the insurer according to the policy document, less the broker's whopping fixed £56 cancellation fee) to save an order of magnitude more by starting again with another insurer, or even with the same one, but as a new customer.
I am pretty cynical when it comes to the car insurance industry.
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