Regarding the classic car insurance idea, I think you have to be at least 21 and possibly 25 before you can get that kind of policy. I've got a friend who's a broker - send me a private message if you want his number.
As razil says the only sensible solution is to be a named driver on parent's/guardian's insurance if you still live at the same address which I assume at 16 you will do.
However the risk is you will get no no-claims. For instance, I am 23 next week, passed a few months after my 17th, touch a lot of wood, no accidents, no fines etc driven 1000s of miles in UK/Europe, good job, but I will still be quoted an astronomical sum when I come off my parents' policy.
Unfortunately you get hammered for being U25, U21 especially, and male... and in the insurance companies defence you only have to look at the stats to see why.
The other risk is that (as Len says) if you use the car on an equal level or more than your parents you may well not be covered. This not only means that you could end up with your parents car uncovered, but could land you with some hefty bills if anyone else is involved in an accident.
Whilst you're learning there's a company called Provisional Marmalade who specialise in L Plate wearers. I've got our kid ensured to drive my 1800cc Mondeo for £250 per quarter. As soon as he passes his test though, he'll be allowed out on his own and the premiums go through the roof.
Parents as additional drivers on your own policy is good. Fully comp is generally not a lot m ore than 3rd party fire and theft. Possibly a newer/more valuable car would be cheaper as you would be more likely to be careful? Age I can't help you with but my son switched from being a named driver to his own policy with us as named drivers when he bought his own car at age 22. Valued at £10k he had to pay £1k the first year and is now down to approx £800 approaching the third anniversary. Good luck!
looking at some of the above quotes you can see why some people take a chance and don't bother with insurance (not that I would even begin to advocate it)
To put it in perspective, I paid £650 for my first car 4 years ago when I was 18, nearly 19, a group 3 insurance (using the old groups 1-20) 106 1.5 diesel, 1994. I paid £1500 for my first insurance, on my own, fully comp. This went down to £1350 a month later after I did my pass plus. I am now 23, 4 years no claims, car cost me £3000, group 16 RenaultSport Clio 172 51 plate, and I'm paying £730, again on my own, fully comp, this time with 3 points for speeding and after a crash (I claimed off other insurance so it did not affect my no claims, but it still affected my insurance slightly). This shows you how much it comes down over time, especially when you reach 21. I've had 3 other cars in between these 2, all modified with my parents on my insurance previously, and it was always around the £850, even after only 1 year's no claims.
Don't go third party fire and theft, the car may only be worth say £500-£1000 but it's still worth paying the little extra to go fully comp. As I said previously, stick your parents on as named drivers, and try places like Bell and Admiral who do 10 month policies. It gets you your no claims quicker and you pay a little less than the whole year.
I'm slightly biased because I work in insurance but it is a simple fact that in pure underwriting terms, motor insurance has been massively underpriced in this country for many years now. The chap earlier who said that motor insurers have not made an underwriting profit for ~25 years is pretty much spot on. In certain areas of the motor market there has been some profit but in personal lines, ie the likes of me and you, the losses have been coming thick and fast for many years.
In times when investment income was high, market share was seen as more important than underwriting profit. Earning more premium would enable you to generate a return from investment that offset the losses from the claims. These days, investment income is down significantly due to the recession and claims costs are rising sharply.
This is mainly due to the compensation culture that has arisen in which a minor accident will result in a claim that simply would not have occurred 5-10 years ago. And for every £1000 that the insurer pays out in compensation for injuries, there'll be another £1500 paid to some bastard lawyer. And that's just for the genuine claims. Add in the phantom passengers, price comparison websites, organised crime and the idiots in Brussels who decided that insurers can't use gender as a factor in rating your premium, thus increasing costs to women drivers, and the only way to make any money is to put prices up. We're all going to get hit in the wallet for this and unfortunately it's the young drivers who feel the effects the most due to the fact that they have more accidents and the claims cost more.
I used the term "thieving bastards" above because I know of an instance where, even though a car was registered in the name of a female parent, with a 20 year plus unblemished driving record, as well as insured in that parents name with a young named driver a well known insurer tried on the "fronting" malarkey to try and evade responsibility when the young driver was involved in a minor incident where fault was distinctly debatable. After someone higher up the foodchain was spoken to and it was suggested newspapers, and other media would be consulted the attitude miraculously changed.
One wonders what would have happened if a stroppy so and so hadn't banged a few heads together as it was the "data protection scam" where they won't talk to anybody had to be negotiated. Just a ruse to allow exploitation of innocent people in my humble opinion as they scatter my personal details with impunity despite ticking appropiate no junk mail boxes but I digress!
Despite what I've said above it might be worth both registering and insuring the car in a parent's name if practicable since I would have thought, even in the EU subservient fascist state the UK is fast becoming, the burden of proof in law is on the insurance company to prove you are "fronting" rather than for you to prove you are not.
Unfortunately the majority of young male drivers in their teens and early twenties are wallys like we were at the same age. This is very harsh on the few that are sensible as they are penalised for what the insurers see as an inevitabilty that somebody who thinks that driving too fast a) shows you are a good driver and b) impresses girls is going to have some form of accident. And the statistics show this to be true.
All you can do is go third party as has been said and get the lowest insurance class vehicle (low cc) there is and the pass plus course is a good idea too. Will still be expensive but possibly affordable. I think a company should bring out pink, slow 500cc cars that are so uncool it is unreal - all male drivers under 24 should legally have to drive these and no other car and have low insurance as a result.
I must admit the amount of wallies driving their mums clios where I live is a nightmare, you never see young blokes driving those cars carefully and safely, just a fact of life I'm afraid.
I have been out of the insurance game for a while now.
What Len is talking about is what the insurance/legal fraternity call a material fact. If you get your parents to insure the vehicle and then add you as a named insured, the insurer may ask who is the main driver. If it is stated as not being you and then at a later stage it turns out to have been you all the time, they can avoid liability (not pay a claim). Even if they don't ask that question the proposer is still obliged to tell them! It may be harsh but insurance is based on the principal of uberrima fides - utmost good faith. In applying for insurance the proposer - you or your parents have to provide a full disclosure of material information and who the main driver is certainly falls into this category.
The problem these days is that main stream insurers don't want young/inexperienced drivers at all, if they can avoid them due to adverse claims probabilities.
If you Google "motor insurance for young driver" see link below. I should try those who say the specialise in young driver insurance.
If your car isn't worth much then try and get Third Party Fire and Theft cover (that may reduce the premium) or Comprehensive with a high excess (you'll probably find they'll want a higher than normal excess anyway)
I must apologise for my poor spelling and punctuation on my posts higher up this thread.
However, under the new regime, I am unable to edit or start discussions which rather limits my activities. As my typing is poor I do occasionally make mistakes with both spelling and punctuation which previously I would have edited.
Wait a few years before you start. Kids buying cars at 16 and champing at the bit to start driving is what causes half the accidents on the roads In the first place.(especially when they know dad will remortgage the house rather than let his/her little darling be the uncool kid without a car, should anything happen to the first one). Not judging you, im sure ur not like that :-) But if you do insist on doing it, chuck anyone on the policy who will bring it down, it is NOT illegal. Insurance call handlers aren't thick (well, no thicker than the average call handler) they know u only put parents/sisters on the policy to bring the price down and that theyl never drive it. When u call them they genuinely do help you get it as cheap as possible. Also pay it in one lump sum cos itl be much cheaper.
The guy above who mentioned 'claim culture' hit the nail on the head, while peole think they are making a quick buck claiming for 'whiplash', they are shooting themselves in the foot and fucking up the system. The biggest problem I find with insurance though is that no one seems to know the rules. Every company tells u different rules, management tell u different to call handlers etc. I'm not a sceptic but I genuinely believe insurance companies make money out of people's ignorance of the system which is usually their fault in the first place.
All these answers have been really helpful, and for everyones information I have managed to get a qoute at 2800 from Bell, which is what Im going to have to settle with. On my insurance with mum as a added driver! :-) looks like I will be driving to Charlton next season!
iv had to do this recently and it took me ages, im 21 however so it mite be a little cheaper for me, but my car is 4 years newer. honestly you need to go on all the insurence web sites, fill out the same thing over and over again, and try different ways of for example, having your parents as additional drivers. it worked best for me to have my step dad on there and not my mum, that put the price up. the best quote i had found was £1700 third party, but i carried on looking, on aviva i ended up with fully comp at £1247... saved almost £500 by looking around and am fully comp. it just takes ages but it sure was worth it for me.
iv had to do this recently and it took me ages, im 21 however so it mite be a little cheaper for me, but my car is 4 years newer. honestly you need to go on all the insurence web sites, fill out the same thing over and over again, and try different ways of for example, having your parents as additional drivers. it worked best for me to have my step dad on there and not my mum, that put the price up. the best quote i had found was £1700 third party, but i carried on looking, on aviva i ended up with fully comp at £1247... saved almost £500 by looking around and am fully comp. it just takes ages but it sure was worth it for me.
Dave did you tell the insurance company how sexy you are, you may get a further discount?
and before anyone considers driving without insurance, don't forget that the DVLA now has all insurance, vehicle and MOT details linked together and that the Police have access to them. Number plate recognition system too.
Apologies if I sounded unsympathetic- a young lad went into the back of me a couple of months ago - it was raining and was driving too close for the conditions - fortunately didn't do much damage. He begged me to let him pay for damage outside of insurance and as the damage was minimal I took pity on him and let him off paying and sorted it out myself but he had to endure an almighty lecture from me. I do have a question - why do so many young men drive Vauxhall Corsas with noisy exhausts and think they are formula 1 drivers?
A good driver knows their limitations and those of their car - anybody can put their foot down but in my experience hardly any young drivers know when they can and when they can't. There should be some legislation like limiting the cc of cars they can drive to save them from themselves which would hopefully bring insurance costs down.
Bell has qouted me this, with me as the main driver and my step-dad and mum as added drivers, can't really complain as I was getting qouted like 5k when I started this thread ty all.
If it's any help, the first year is the worst. Once you build up that crucial first years No Claims Bonus your premium will plummet. You can expect it to come down by about 30% after 1 year.
If it's any help, the first year is the worst. Once you build up that crucial first years No Claims Bonus your premium will plummet. You can expect it to come down by about 30% after 1 year.
So don't crash!
As I said above my daughter "earned no-claims" as a named driver on my policy.
A few years back Vauxhall did a decent finance package on new Corsas (just before they changed them) and threw in a years free insurance. The "catch" which would only come into play if there was an accident was a hefty £500 compulsory excess. However it was still worth her getting her own car and insurance.
After her "free" year (which fortunately was incident free) she switched her insurance over to Direct Line where, as I said above, she had "earned" no-claims as a named driver on my policy.
The upshot was when she started actually paying her own insurance she was effectively in a maximum no-claims position as long as she stayed with Direct Line. She has now been insured long enough to have genuinely earned her own no-claims in her own name but, again as I said above, has still found Direct Line competitive to date.
I don't know whether garages are still throwing in free insurance with new motors but it might be cost effective to have a look given the telephone numbers that been quoted above as insurance premiums!
Better to shell out a few hundred a month for a new car AND insurance rather than just insurance in my opinion.
My daughter is 17. Got her test in a few weeks time and we're trying to get her a car sorted.
She saw a 1.2l Corsa, 15 plate with 20odd thousand on the clock for just under £8k but the insurance, even with her Mum as a named driver AND a black box fitted is £1.8k.
Would it make a difference to the policy if I went on it as a named driver as well (although I don't live at the same address, is that allowed?). I thought with the black box fitted it would make it a little more reasonable but thats steeper than I thought it would be.
Other than that, I guess we're looking at 1.0 Hyundai i10s and Kia Piccantos. Anyone got any suggestions for a first car which is reasonable on the car insurance?
The only advice I can give based on when my son passed his test at 17 is that the comparison sites are a good bet. I tried ringing a lot of companies direct and got silly quotes. Compare the market had the best deal by some distance. Having said that, it won't be cheap although I think it is a bit better for girls. My son had a Fiat Panda which are good first cars (My son still has his 5 years later and loves it for parking and costs) and a black box which I think is a good thing when you start driving in terms of developing good habits, but it didn't make that much of a difference on subsequent quotes as the cheaper options did not need one.
Car Insurance has gone up recently which doesn't help. When I left the Civil Service to become a self employed printer my insurance went up. I asked my company who I had been with for years why as nothing else had changed and they said printers have more accidents than civil servants!
My renewal went up @70% from last year. Car insurance has rocketed. Last year £235, offered £405. I did quotes via moneysupermarket & I'm Confused. The former were cheaper and I signed up today with One Call Insurance, where you pay by the mile as I don't drive much at all. £186 pa plus 5.3p per mile.
Comments
Your postcode has allot to do with the premium.
But try putting two people down as named drivers as well, sometimes two rather than one other named drivers cuts the cost.
Also, try changing between Third party only and comprehensive. Fully comp could be cheaper.
Fully comp is generally not a lot m ore than 3rd party fire and theft.
Possibly a newer/more valuable car would be cheaper as you would be more likely to be careful?
Age I can't help you with but my son switched from being a named driver to his own policy with us as named drivers when he bought his own car at age 22.
Valued at £10k he had to pay £1k the first year and is now down to approx £800 approaching the third anniversary.
Good luck!
looking at some of the above quotes you can see why some people take a chance and don't bother with insurance (not that I would even begin to advocate it)
In times when investment income was high, market share was seen as more important than underwriting profit. Earning more premium would enable you to generate a return from investment that offset the losses from the claims. These days, investment income is down significantly due to the recession and claims costs are rising sharply.
This is mainly due to the compensation culture that has arisen in which a minor accident will result in a claim that simply would not have occurred 5-10 years ago. And for every £1000 that the insurer pays out in compensation for injuries, there'll be another £1500 paid to some bastard lawyer. And that's just for the genuine claims. Add in the phantom passengers, price comparison websites, organised crime and the idiots in Brussels who decided that insurers can't use gender as a factor in rating your premium, thus increasing costs to women drivers, and the only way to make any money is to put prices up. We're all going to get hit in the wallet for this and unfortunately it's the young drivers who feel the effects the most due to the fact that they have more accidents and the claims cost more.
I used the term "thieving bastards" above because I know of an instance where, even though a car was registered in the name of a female parent, with a 20 year plus unblemished driving record, as well as insured in that parents name with a young named driver a well known insurer tried on the "fronting" malarkey to try and evade responsibility when the young driver was involved in a minor incident where fault was distinctly debatable. After someone higher up the foodchain was spoken to and it was suggested newspapers, and other media would be consulted the attitude miraculously changed.
One wonders what would have happened if a stroppy so and so hadn't banged a few heads together as it was the "data protection scam" where they won't talk to anybody had to be negotiated. Just a ruse to allow exploitation of innocent people in my humble opinion as they scatter my personal details with impunity despite ticking appropiate no junk mail boxes but I digress!
Despite what I've said above it might be worth both registering and insuring the car in a parent's name if practicable since I would have thought, even in the EU subservient fascist state the UK is fast becoming, the burden of proof in law is on the insurance company to prove you are "fronting" rather than for you to prove you are not.
I am not a lawyer however.
Unfortunately the majority of young male drivers in their teens and early twenties are wallys like we were at the same age. This is very harsh on the few that are sensible as they are penalised for what the insurers see as an inevitabilty that somebody who thinks that driving too fast a) shows you are a good driver and b) impresses girls is going to have some form of accident. And the statistics show this to be true.
All you can do is go third party as has been said and get the lowest insurance class vehicle (low cc) there is and the pass plus course is a good idea too. Will still be expensive but possibly affordable. I think a company should bring out pink, slow 500cc cars that are so uncool it is unreal - all male drivers under 24 should legally have to drive these and no other car and have low insurance as a result.
I must apologise for my poor spelling and punctuation on my posts higher up this thread.
However, under the new regime, I am unable to edit or start discussions which rather limits my activities. As my typing is poor I do occasionally make mistakes with both spelling and punctuation which previously I would have edited.
The guy above who mentioned 'claim culture' hit the nail on the head, while peole think they are making a quick buck claiming for 'whiplash', they are shooting themselves in the foot and fucking up the system. The biggest problem I find with insurance though is that no one seems to know the rules. Every company tells u different rules, management tell u different to call handlers etc. I'm not a sceptic but I genuinely believe insurance companies make money out of people's ignorance of the system which is usually their fault in the first place.
Dave did you tell the insurance company how sexy you are, you may get a further discount?
Its Ok dont thank me!
Apologies if I sounded unsympathetic- a young lad went into the back of me a couple of months ago - it was raining and was driving too close for the conditions - fortunately didn't do much damage. He begged me to let him pay for damage outside of insurance and as the damage was minimal I took pity on him and let him off paying and sorted it out myself but he had to endure an almighty lecture from me. I do have a question - why do so many young men drive Vauxhall Corsas with noisy exhausts and think they are formula 1 drivers?
A good driver knows their limitations and those of their car - anybody can put their foot down but in my experience hardly any young drivers know when they can and when they can't. There should be some legislation like limiting the cc of cars they can drive to save them from themselves which would hopefully bring insurance costs down.
Your price: £2628.54
Bell has qouted me this, with me as the main driver and my step-dad and mum as added drivers, can't really complain as I was getting qouted like 5k when I started this thread
ty all.
So don't crash!
As I said above my daughter "earned no-claims" as a named driver on my policy.
A few years back Vauxhall did a decent finance package on new Corsas (just before they changed them) and threw in a years free insurance. The "catch" which would only come into play if there was an accident was a hefty £500 compulsory excess. However it was still worth her getting her own car and insurance.
After her "free" year (which fortunately was incident free) she switched her insurance over to Direct Line where, as I said above, she had "earned" no-claims as a named driver on my policy.
The upshot was when she started actually paying her own insurance she was effectively in a maximum no-claims position as long as she stayed with Direct Line. She has now been insured long enough to have genuinely earned her own no-claims in her own name but, again as I said above, has still found Direct Line competitive to date.
I don't know whether garages are still throwing in free insurance with new motors but it might be cost effective to have a look given the telephone numbers that been quoted above as insurance premiums!
Better to shell out a few hundred a month for a new car AND insurance rather than just insurance in my opinion.
My daughter is 17. Got her test in a few weeks time and we're trying to get her a car sorted.
She saw a 1.2l Corsa, 15 plate with 20odd thousand on the clock for just under £8k but the insurance, even with her Mum as a named driver AND a black box fitted is £1.8k.
Would it make a difference to the policy if I went on it as a named driver as well (although I don't live at the same address, is that allowed?). I thought with the black box fitted it would make it a little more reasonable but thats steeper than I thought it would be.
Other than that, I guess we're looking at 1.0 Hyundai i10s and Kia Piccantos. Anyone got any suggestions for a first car which is reasonable on the car insurance?
Car Insurance has gone up recently which doesn't help. When I left the Civil Service to become a self employed printer my insurance went up. I asked my company who I had been with for years why as nothing else had changed and they said printers have more accidents than civil servants!
My renewal went up @70% from last year.
Car insurance has rocketed.
Last year £235, offered £405.
I did quotes via moneysupermarket & I'm Confused. The former were cheaper and I signed up today with One Call Insurance, where you pay by the mile as I don't drive much at all.
£186 pa plus 5.3p per mile.