Insurance advice required please.

[Speedracer329]

I am hoping that some PH Oracle can advise me of the best way to do this:-

A friend wants to learn to drive. He is 42, & has no experience. I was training to be a driving instructor until my illness, & have completed the first two parts of the exam. I am happy to teach him, in order for him to buy a suitable vehicle straight away, but we are unsure if it would be better for him to insure himself or for myself to insure the vehicle, & have him as a named driver. I already insure my own vehicle of course, & owned many high powered cars, so wondered if this option would be better in the short term.
He doesn't have the funds to buy a car, insure it, & then pay for a block of lessons, all at once.
The intention is for me to get him familiar with the car & basic manoeuvres & theory, & as he gains experience consolidate with lessons from a recognised instructor.

Many thanks to all who offer constructive advice

[Devil2575]

Get him to insure himself. That way he starts to build up his own no claims discount. As long as you keep the car sensible the insurance shouldn't be too bad because of his age. My wife had her first car insured in her name with me as a named driver when she was a learner at the age of about 30 and the premium was about £600 for a Focus 1.8 zetec, so not too bad really.

I doubt it would be much cheaper for you to insure the car in your name anyway as he will still have to be a named driver and as such the company will still load the policy.

Edited by Devil2575 on Thursday 15th April 13:22