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Topic: New Driver Insurance (Read 8376 times) |
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Highlander
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13 Scorpios, XR4x4, Suzuki SJ413 for off road :)
 
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New Driver Insurance
« on: Mar 13th, 2011, 11:03pm » |
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Having spent MANY hours researching this subject now (my son is 16 and approaching 17 at high speed!)
Does anyone have any other tips other that what I have discovered so far to reduce his insurance quote?
We made him a year older for the quotes, therefore he has just passed his test.
having trawled through ALL the group 1 and 2 cars it seems the cheapest car for him to insure (by a clear £1000) is a
1969-75 1200cc VW Beetle (he's not impressed) 
He stays within a very low risk postcode
Student : Full time education
limited milage of 5000 miles per year
Car would be garaged at night
He intends to take the Pass Plus advanced test for new drivers which can save up to 30% with certain insurance companies and hopefully take the Advanced driving test after that.
If he adds me or any other experienced driver to his policy as a named driver it can again save anything up to 30%
Comprehensive insurance is out the question due to cost so any excess is irrelevant, he will be TPF&T, third party is more expensive than TPF&T!
If I put him on my current insurance as a named driver the insurance quote is exactly the same as if he took out his own policy! plus he cannot build up any no claims if he's not the main driver.
Me taking out a new insurance for his car naming him as a driver is illegal (known as fronting) and again is the same price.
The new ruling on non sex discrimination comes into force December 2012 so that should help although hopefully he will have been driving for a year since then.
At the moment his quote for a beetle is coming in around £1800 per year with me as a named driver, (no pass plus discount applied)
Any other small car is at least £3000,
they quoted £17,400 for a 24v Scorpio
Tried van insurance, cheapest was £4,600
I know new drivers and especially new male drivers have driven these prices up because of the accidents they cause and claims made against them but its hard not to feel sorry for new drivers.
when I passed my test in 87 I can't remember thinking twice about the insurance cost, I think it was about £550! and within a year I went from a 1300 Mk2 Escort to a 2.8 Mk2 Granada
At the moment it looks like he won't be having a car until he starts working (£3000 on top of all the other pocket money is one thing I won't be paying for)
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on Oct 17th, 2011, 12:35pm, Simmo wrote:I give up !  Too much for an old boy!  |
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Highlander
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Re: New Driver Insurance
« Reply #1 on: Mar 18th, 2011, 10:17am » |
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spotted a young lad (looked about 14) sitting in a Golf GTi last night and wandered over to ask him about his insurance.
He quite openly admits he bought the car, its in his dads name and his dad has insured it although he's not insured to drive it!!
Satisfies the ANPR though!!
I wonder how many are doing that? Scary...
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on Oct 17th, 2011, 12:35pm, Simmo wrote:| I give up ! Too much for an old boy! |
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Matt
Senior Member
Manual'd and a 4.0 in the making
Posts: 2816
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Re: New Driver Insurance
« Reply #2 on: Mar 18th, 2011, 4:22pm » |
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Hi Stuart
Have you had a look at the tracker system, the insurance companies install a tracker into the car and constantly assess how hes driving, it does have some harsh driving limitations though like only being able to drive between certain hours, religiously sticking to all speed limits and never doing and harsh braking and a very limited mileage
they do rewards though for good driving like more hours or more miles
but TBH £3000 is good for a young lad today, an apprentice at work pays nearly £5000 for a 1.25 mk5 fiesta...
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FDS2000 Scans - Birmingham
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Highlander
Moderator
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13 Scorpios, XR4x4, Suzuki SJ413 for off road :)
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Re: New Driver Insurance
« Reply #3 on: Mar 18th, 2011, 4:29pm » |
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I'd walk before I paid £5000
Is he an apprentice gold miner?
Not had a look at the Matt but I shall..
Dunno why I'M doing it all, I have a car and insurance!!
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on Oct 17th, 2011, 12:35pm, Simmo wrote:| I give up ! Too much for an old boy! |
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PJDavis
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2 x 1995 Jag X300 3.2 / 4.0 (Henley) 1957 XK140
Posts: 1474
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Re: New Driver Insurance
« Reply #4 on: Mar 18th, 2011, 7:08pm » |
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With some companies, he can be put on parents insurance and be rewarded with no-claims against his good driving. I didn't think this possible, but apparently my Sister-in-Law is doing it with her 19 year old daughter. I think you need to shop around off-line for it though.
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I love 'Movvy'
1995 Jaguar XJ6 X300 3.2 (Henley)
1995 Jaguar XJ6 X330 4.0 (Dopey)
1957 Jaguar XK140 USA (converted to RHD, and to have fitted Mk10 420G Engine with BW 65 Auto Trans)
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Stes Ultimatum
Junior Member
I'm a YaBB newbie!
Posts: 69
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Re: New Driver Insurance
« Reply #6 on: Mar 23rd, 2011, 6:54am » |
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Hi stu,
My lad is 17, just passed his theory yesterday,
No matter what car I put in on the web, the price jumped to £3000+
when he was added?
Just show's they are after money !
He bought a scooter when he was 16 so that will do him for now !
Steve
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Highlander
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13 Scorpios, XR4x4, Suzuki SJ413 for off road :)
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Re: New Driver Insurance
« Reply #7 on: Mar 23rd, 2011, 9:13am » |
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on Mar 18th, 2011, 7:08pm, PJDavis wrote:| With some companies, he can be put on parents insurance and be rewarded with no-claims against his good driving. I didn't think this possible, but apparently my Sister-in-Law is doing it with her 19 year old daughter. I think you need to shop around off-line for it though. |
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but the price is still extortionate
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on Oct 17th, 2011, 12:35pm, Simmo wrote:| I give up ! Too much for an old boy! |
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Highlander
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13 Scorpios, XR4x4, Suzuki SJ413 for off road :)
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Re: New Driver Insurance
« Reply #8 on: Mar 23rd, 2011, 9:14am » |
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on Mar 18th, 2011, 9:24pm, lleewar wrote:
I knew about these box things but havent enquired about it, will report back on my findings 
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on Oct 17th, 2011, 12:35pm, Simmo wrote:| I give up ! Too much for an old boy! |
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Highlander
Moderator
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13 Scorpios, XR4x4, Suzuki SJ413 for off road :)
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Re: New Driver Insurance
« Reply #9 on: Mar 23rd, 2011, 9:30am » |
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on Mar 23rd, 2011, 6:54am, Stes Ultimatum wrote:Hi stu,
My lad is 17, just passed his theory yesterday,
No matter what car I put in on the web, the price jumped to £3000+
when he was added?
Just show's they are after money !
He bought a scooter when he was 16 so that will do him for now !
Steve |
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Yep thats what I came up against, did you try the beetle?? 
If you look at the accident/claim figures its the 17 year old male drivers that are having the most/largest claims so to be fair to the insurance companies they are just doing what they need to cover themselves
My insurance is £160 a year for my Sierra, never been cheaper.
I think car performance is a big factor now,
my first car was a 1979 Mk2 Escort 1.3 Ghia
57 Bhp and a claimed maximum speed of 91mph, I tried many times but never got it above 85
Look at the basic small cars now,
many have over 100 Bhp, even the basic stuff, frightening acceleration and will do 100 mph plus easily...
I had a few close scrapes with my old Escort as a new driver, nothing serious, but I doubt if it had 100 Bhp I would have been so lucky..
p.s.
When I passed my test (1987) the car to have was the MK2 Escort RS 2000. (I never had one)
It was the fastest thing out there, equivelant to the Subarus, ST's and Evo's of today.
110 Bhp
Top Speed 112 mph
0-60mph 8.6 secs
Makes you think eh
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on Oct 17th, 2011, 12:35pm, Simmo wrote:| I give up ! Too much for an old boy! |
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PJDavis
Senior Member
2 x 1995 Jag X300 3.2 / 4.0 (Henley) 1957 XK140
Posts: 1474
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Re: New Driver Insurance
« Reply #10 on: Mar 23rd, 2011, 11:04am » |
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I had a Mk2 Escort many years ago, it was a 1.3 L, I used to be able to just squeeze a 'Ton' out of it. That was on the clock, so I don't suppose it was actually doing it. Those Ghia's were much heavier!! 
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I love 'Movvy'
1995 Jaguar XJ6 X300 3.2 (Henley)
1995 Jaguar XJ6 X330 4.0 (Dopey)
1957 Jaguar XK140 USA (converted to RHD, and to have fitted Mk10 420G Engine with BW 65 Auto Trans)
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Highlander
Moderator
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13 Scorpios, XR4x4, Suzuki SJ413 for off road :)
Posts: 8244
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Re: New Driver Insurance
« Reply #11 on: Mar 23rd, 2011, 11:16am » |
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That must have been the high power (70 Bhp) version!!
Its a while since I've driven anything flat out, even the new vans seem to hit 100 effortlessly!
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on Oct 17th, 2011, 12:35pm, Simmo wrote:| I give up ! Too much for an old boy! |
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PJDavis
Senior Member
2 x 1995 Jag X300 3.2 / 4.0 (Henley) 1957 XK140
Posts: 1474
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Re: New Driver Insurance
« Reply #12 on: Mar 23rd, 2011, 6:00pm » |
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It was an old 'T' reg. Used to be able to get it to the 'Ton' on the A71 at Newmains going towards Edinburgh. 
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I love 'Movvy'
1995 Jaguar XJ6 X300 3.2 (Henley)
1995 Jaguar XJ6 X330 4.0 (Dopey)
1957 Jaguar XK140 USA (converted to RHD, and to have fitted Mk10 420G Engine with BW 65 Auto Trans)
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Stes Ultimatum
Junior Member
I'm a YaBB newbie!
Posts: 69
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Re: New Driver Insurance
« Reply #13 on: Mar 24th, 2011, 7:21am » |
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on Mar 23rd, 2011, 9:30am, Highlander wrote:
Yep thats what I came up against, did you try the beetle??
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what about the Beetle ?
What am I missing ??
If I got one he wouldn't have a chance in hell of getting near it,
The wife would be in it 24/7 !
Then the daughter would want it in pink ! 
I'm not going there !!!!!!! 
Steve
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PJDavis
Senior Member
2 x 1995 Jag X300 3.2 / 4.0 (Henley) 1957 XK140
Posts: 1474
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Re: New Driver Insurance
« Reply #14 on: Mar 24th, 2011, 8:12am » |
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on Mar 24th, 2011, 7:21am, Stes Ultimatum wrote:
The wife would be in it 24/7 !
Then the daughter would want it in pink !
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Lmao................
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IP Logged |
I love 'Movvy'
1995 Jaguar XJ6 X300 3.2 (Henley)
1995 Jaguar XJ6 X330 4.0 (Dopey)
1957 Jaguar XK140 USA (converted to RHD, and to have fitted Mk10 420G Engine with BW 65 Auto Trans)
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shooshyneman
Full Member
3 x 2.5TD estates. Then there were no scorpios
Posts: 133
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Re: New Driver Insurance
« Reply #15 on: Jul 1st, 2011, 12:31pm » |
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I put my youngster on my policy, and the premium increased dramatically, I also added my wife, which brought the premium down!!!!!! I then added my Daughter who cannot drive but has a provisional licence and this brought the premium down again ?? so add more people!! Oh I then went with one of the Insurance companies where all drivers earn no claims bonus. Admiral, Churchill and some others. Daughter now has two years no claims and has never driven a mile!
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