My eldest is looking for insurance on his first car - a 96 micra with a value of about £900. He will only do about 4000miles a year and its for social and domestic TPFT.
We live in a lovely safe area and the car is parked on the drive unless driven and he has zero NCB or driver experience as he is 17.
FFS the insurers are such rip off merchants. He has quotes of £2000 to £8000 (or should I say I will be paying somewhere in that region!!!)
We have all been through this but TBH it was over 25 years ago when I last had the problem and I insured a 1 year old XR3i for £600 fully Comp back then. How things have changed.
All I need is someone to point me towards an insurer who is a better deal than all the on-line scamsters.
my first car was a 1litre 1987 nissan micra in beige and it was a joke what the insurance costs were, the cheapest i could find was from a company called firstalternative which worked out to be £1400 third party ONLY! it was a joke, the car only had 4 gears!
but once you have that 1st years no claims things look up very quickly, in the matter of a couple of years i had surpassed everyone who’d been bought a car by their parents … and then crashed it and i am still doing so now with my GTO
try that company out though to see if they’re still any good
had a 106 1 liter at 17 then a mr2 at 18 both on mums insurance, not get own till i got the volvo s40 1.8 at 19 and that was £850 for a £12k car and only 8 months old. not sure how they work these things out. try elepahnt i found thier 10month the cheapest and you can get a years ncb from just 10 months
I know it’s wrong but you can understand why there’s so many youngsters out there with either no insurance or driving on parents policies.
It is ludicrous when a car worth a few hundred pounds costs a few K to cover.
Yes, i’m aware of all the reasons why but surely if it was a decent price, affordable and justifiable then more people would be driving legally and not punishing those that do pay.
[quote]I know it’s wrong but you can understand why there’s so many youngsters out there with either no insurance or driving on parents policies.
It is ludicrous when a car worth a few hundred pounds costs a few K to cover.
Yes, i’m aware of all the reasons why but surely if it was a decent price, affordable and justifiable then more people would be driving legally and not punishing those that do pay.
Mark. :)[/quote]
i agree but i think the fact that it is a big commitment for your first buy it makes you more careful on the road, don’t get me wrong i’d done and still occasionly do some silly mistakes but if insurance was a lot cheaper i’m sure you’d be less cautious. but with such high insurance it does force you to have a really cheap and UNSAFE car for your first time, doesn’t sound the most intelligent thing forcing people to drive in a tin can while they’re still gaining experience but what can you do
What makes it seem so unfair is that a like for like as a girl is less than half the price.
Its like saying all lads are hooligan drivers guranteed to have a claim. My lad is as sensible as they come and until proved otherwise should be given the benefit of the doubt. If he then buggers it up then it is fair to come down on him like a ton of bricks!
agree but i think the fact that it is a big commitment for your first buy it makes you more careful on the road,
I am going to sort out his commitment and focus by welding a 12" spike facing his head onto the centre of the steering wheel. That will stop any tendency for him to act the idiot.
[quote]agree but i think the fact that it is a big commitment for your first buy it makes you more careful on the road,
I am going to sort out his commitment and focus by welding a 12" spike facing his head onto the centre of the steering wheel. That will stop any tendency for him to act the idiot.[/quote]
Brilliant, i hope you don’t mind if i also steal this idea that’ll keep em on the straight and narrow :lol:
If you could see the claims stats for young male drivers you would understand the premiums being charged. My company will not touch an under 19 year old via our car clubs cheme as they are just such a high risk.
Also, I do not think things have changed that much, when I was 17 (over 10 years ago) I paid £1300 to insure an MG Metro worth £500 TPFT!
Sorry Ollie but you are saying all young drivers are high risk until proven otherwise. Fair enough then give them back a substantial amount of the premium AFTER they have completed the first year without a claim rather than keep it and profiteer. How can you justify the premium if they do not make a claim. What has their trouble free motoring cost the insurer - nothing.
How can it be fair to set a risk and charge for it and then keep the premium IF they do not make a claim. To reimburse would encourage more kids to get insurance and drive safely rather than the current system which penalises kids before they do anything and even if they do not make a claim they are still on a crap deal until they get to about 25 or have four or five years claim free.
[quote]Sorry Ollie but you are saying all young drivers are high risk until proven otherwise. Fair enough then give them back a substantial amount of the premium AFTER they have completed the first year without a claim rather than keep it and profiteer. How can you justify the premium if they do not make a claim. What has their trouble free motoring cost the insurer - nothing.
How can it be fair to set a risk and charge for it and then keep the premium IF they do not make a claim. To reimburse would encourage more kids to get insurance and drive safely rather than the current system which penalises kids before they do anything and even if they do not make a claim they are still on a crap deal until they get to about 25 or have four or five years claim free.
The whole thing stinks of profiteering to me.[/quote]
Hi,
what about (for example) when a 17 year old causes £100,000 worth of damage/PI claims… where do the insurers get the money to pay this from?
The reason young drivers are paying so much more is because of the risk they present.
Dont get me wrong, I understand what you are saying, but you neesd to look at it from the otherside.
Also, bare in mind that I only work for an insurance company, I am not a represetative of the insurance industry as a whole.
Yes you are correct I was not intending to aim it at you so I apologise.
I do see both sides but I also know my lad and his mates. They are sound people and very responsible and would love to be treated as such but because some of their contenporaries rag their cars and cause a problem for the insurance industry then the industry regards ALL young drives as a problem.
However, the insurance premiums encourage uninsured drivers. That is undeniable.
What about an insurer who actually looked at young drivers as customers and treated them with value and actually thought outside of the box and came up with a scheme that rewarded good driving.
For example - the insurer could put some ( a reasonable amount) of the premium aside in a bond so that it could be set againt the next years premium if no claim was made. It would create a customer base of loyal careful drivers for the right company.
[quote]
What about an insurer who actually looked at young drivers as customers and treated them with value and actually thought outside of the box and came up with a scheme that rewarded good driving.
For example - the insurer could put some ( a reasonable amount) of the premium aside in a bond so that it could be set againt the next years premium if no claim was made. It would create a customer base of loyal careful drivers for the right company.[/quote]
It is an idea which has been voiced a few times…
I can recommend Quinn as a good competitive company for younger drivers and adding experienced named drivers to the policy may help bring the price down.
i’d say the best people i’ve been with were direct line and they were by far cheaper than everyone else as soon as you have some ncb, i was with them for 4 years on the trot now and i’ve just had to drop them because they won’t insure my gto as i’m under 25, was gutted!
Many thanks Guys, the saga continues. We got an online quote for £1800 through one of the larger insurers who will remain nameless so we ring them up after failing to find anything less. Guess what, it suddenly becomes £3800. :o
Now our next cheapest quote is well above £2000 This is astounding.
When we ask how his mates afford it we find out they are all named drivers on Mum and Dad’s cars. :shock:
I guess the government endorsed highway robbery will keep another young driver off the road - until he emigrates taking his medicine degree with him. Another nail in the coffin of lies telling our young people they are valued.
Finally some good news and it is all down to sheer hard work and a stroke of luck.
Collingwood Insurance do a provisional driver insurance by the week, month or whatever you want. The provisional driver has their own insurance so Mum and Dad do not get nailed if there is an accident and for something like a Nissan Micra it is £250 for three months. Its a fully comp policy as well. Excellent for anyone who is teaching a youg driver in the family or even the provisional drivers own car.
The next thing is we are sorting out a Classic car policy for a Beetle or Mini or MG etc. It works out at about £500 for a year and includes breakdown cover, legal insurance etc via Footman James.
So we are selling the Micra and looking for a good condition older vehicle.
I have to say this has been a mission to sort out but finally we seem to be seeing the light.
and it was a joke what the insurance costs were, the cheapest i could find was from a company called firstalternative which worked out to be £1400 third party ONLY! it was a joke, the car only had 4 gears!
that’ll keep em on the straight and narrow :lol: