New driver insurance, best approach?

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sirch

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My daughter is likely to pass her test in a few weeks and I am facing delaying some camera gear purchases to pay for the insurance. We are planning to get her a small car, Corsa or similar and I am wondering what is the cheapest approach in terms of who should be the owner/registered keeper, who should insure it and who should be on the policy. I have tried various options in a couple of price comparison sites can can get quite a price range based on who owns it and who insures etc. but it's a bit of a chore to keep trying every option.

Anyone got any suggestions?

BTW, I'd stay off the roads in South Lakes for a while ;)
 
It might be worth checking out what offers some of the car companies have going, I know Peugeot used to be popular because they offered a small car I think 107 for X per month inclusive of insurance with proved cost effective option for new drivers

Ultimately it's best for her to get her own policy as soon as possible so that she starts to build her own history ASAP assuming she doesn't have any whoopsies it will get her lower premiums in the long run than being on your policy

Also look into a black box insurance policy, where the car and her driving is monitored and reviewed by the insurance company, my cousin did this in her first year or so of driving and the insurance company re-evaluated her risk after a few months and lowered her monthly premiums
 
Thanks @MWHCVT , I had assumed that the new car offers wouldn't cover new drivers, so that's good to know, something to think about.
 
Have her as the main driver whatever happens - if she'll be the main driver, sticking her as a named driver on someone else's policy is fronting and is seriously frowned upon... https://www.google.co.uk/search?q=insurance+fronting&ie=&oe= Having older people (such as parents) as named driver(s) might help reduce the premiums a bit as well. Might be worth talking to a broker or even an insurance company's advice line (if such things still exist!)
 
Make sure she's the policy holder, but adding Mum as a named driver can help keep the cost down slightly.

Maybe later on get her to take an advanced test too?

As Matt said, my Niece bought a small Citroen C1 several years ago because of the `free` insurance.

Link to check out?; https://www.wearemarmalade.co.uk/cars-for-young-drivers
 
Thanks guys, we are with Marmalade at the moment for learning. I guess it depends on the experience, etc. of who you add to a policy.
 
Certain cars, despite being small, are high risk as far as insurance companies are concerned, so best bet, apart from her as registered keeper/owner and main driver, to avoid as has already been stated "fronting", is to find out what cars are in the lowest bracket. Unfortunately sometimes these aren't very popular with the youngsters, think Yugo or Skoda (not the VRS versions though) etc.
Matt
 
i went through this with my daughter a couple of years ago the cheapest car we could find to insure her in was a KIA, not very glamorous i know but better than no car
for her first year insurance she had a black box which actually worked out pretty well, the insurance was reduced after 3 months but it's a bit of a nightmare watching the driving stats almost on a daily basis
there's too many variables which could quite easily bang the insurance sky high, an example could be sudden braking for what ever reason or joining a motorway the black box still thinks you are on a roads and flags acceleration and speed
i wouldn't have another

second year insurance we used admiral multi car insuring my car and the daughters my car insurance rose a little but my daughters dropped considerably compared to quotes we were getting just insuring her car.
were into the 3rd year now and still with admiral multi car, she turns 25 at the end of the year so hopefully her age and 3 years no claims will make independent insurance feasible next year
 
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cosmicma said:
she turns 25 at the end of the year so hopefully her age and 3 years no claims will make independent insurance feasible next year
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A multi car policy is an They are just giving you an additional discount for having more than one policy.
 
Orangecroc said:
Her as owner and no named drivers, even if you have been driving for years. Let her build up her no claims bonus!
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Having someone else named on her policy, won't stop her building up her no claims bonus.
 
We bought a small Meriva for my daughters 21st and put my wife on the insurance as a named driver, cost was less than £900. She had passed her test 3 years before though but had then gone to uni in London, so no driving.
 
jakeblu said:
We bought a small Meriva for my daughters 21st and put my wife on the insurance as a named driver, cost was less than £900. She had passed her test 3 years before though but had then gone to uni in London, so no driving.
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Why only add your wife and not yourself too, unless you don't drive or have a recent claims record. Adding more than one named driver should lower the premium further
 
nilagin said:
Why only add your wife and not yourself too, unless you don't drive or have a recent claims record. Adding more than one named driver should lower the premium further
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I wasn't sure of the legalities when I have my own insurance for another car already.
 
jakeblu said:
I wasn't sure of the legalities when I have my own insurance for another car already.
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You can legally be a named driver on as many other policies as you like, there is no limit.
 
I am the named driver on my FIL car. I have never driven it. But it is handy to be on it. "just in case"
 
I think there was a money supermarket thing about this subject a while ago and it published a list of cars that were the cheapest to insure for new drivers, one was a Kia.
I think a couple of years old one is a good idea rather than new, much as I do have faith most new drivers have minor bumps so no point in new.
 
You might want to consider TPF&T rather than Fully Comp, or choose a big Excess to lower the premium. Remember the XS is only relevant if you are claiming repairs on your car, so if she damages someone else's car and you dont repair hers the the excess isnt a consideration. Remember also a cheap old (or even not so old) car will be written off even in a minor shunt these days, sometimes if the Insurance company pays out for your written off or stolen car they then cancel the policy regardless of how long it has left to run, nice if they do that just after renewal as they then keep the premium that you paid for the year (or you might have to continue paying if its on installments). So if you only have TPF&T you can get it repaired at your cost and the policy will still be in force. My daughters car had really minor damage, headlamps, bumper etc which we could get from a breakers yard and get back on the road for not much money but the insurance company wanted to write it off, I guess so they could sell it on and also then cancel our policy and deduct the XS, thereby costing them very little.
Another point, some companies (used to, do they still?) offer a 10 month policy, so you get your first year's no claims early.
And another - you might also get a better deal with restricted annual mileage, but be careful about going too low, my wife wanted to reduce her annual mileage allowance and the wanted to increase the premium.
Last one - our son's insurance premium dropped when he went off to Uni as the area he moved to was a lower claims cost area. (conversely mine went up when I moved to a better part of town because the claims costs were higher as all the cars locally were more expensive to buy/repair - should have stayed in the rough end of town I guess :) )
 
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MatBin said:
You might want to consider TPF&T rather than Fully Comp, or choose a big Excess to lower the premium
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I tried comparing that against fully comp on a price comparison site and the price actually went up considerably. I assume that this is because the cheaper companies dropped off the list and I guess they only do fully comp because they have no intention of paying out for anything other than the third party loss,
 
They should pay out for your loss also, but I guess they claw a lot of costs back for the reasons I said above so in the long view for them it's "cheaper" to insure everyone Fully Comp.
In which case maybe a big XS could be worthwhile IF your car isnt particularly valueable and the cost of replacing it is less than the reduced cost of insurance etc.
As I said above just be aware that if they pay out for a total loss (crash or stolen) they then cancel the insurance and retain any premium paid or deduct the remaining premium (plus XS) from their payout.
 
Try to find a car that isnt favoured by the 'boy racer' types, ie corsa, fiesta. Insurance companies base some of the cost on previous claims across the country for those models, and if Corsa have a high incident rate they get additional loading. Something like a Kia Piccanto or Fiat 500 might not be as fashionable as a Corsa, but it will be cheaper.
Will she be having a black box fitted to the car? Curfew? All can have a huge effect on the final price (most incidents involving young drivers happen after 9pm so if she will limit that period it will come down considerably)
Pass plus, IAM or RoSPA certificate will also make a small difference, but a small difference on a large sum is worth having.
 
Madmoggy said:
Try to find a car that isnt favoured by the 'boy racer' types, ie corsa, fiesta. Insurance companies base some of the cost on previous claims across the country for those models, and if Corsa have a high incident rate they get additional loading. Something like a Kia Piccanto or Fiat 500 might not be as fashionable as a Corsa, but it will be cheaper.
Will she be having a black box fitted to the car? Curfew? All can have a huge effect on the final price (most incidents involving young drivers happen after 9pm so if she will limit that period it will come down considerably)
Pass plus, IAM or RoSPA certificate will also make a small difference, but a small difference on a large sum is worth having.
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Surprisingly the Corsa has one of the lowest insurance groups and is favoured by new young drivers.

Another thing worth considering is the cost, age and condition of the car you are getting as well as the cost of the insurance. When my son passed his test a few years back we had a budget for the car and the insurance. We started looking at Fiestas but the cars were very tatty inside and out. We ended up getting a Focus which was newer, very tidy and cost less so allowed for paying extra for the higher insurance group.
 
nilagin said:
Surprisingly the Corsa has one of the lowest insurance groups and is favoured by new young drivers.
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That is surprising. I have to admit its a couple of years since I was involved with young drivers, but the top three when I was were fiesta, corsa and C2. We were being told of quotes of £4k+ regularly. Not doubting what you say for a second (my missus drives a fiesta and thats cheap as chips to insure), but I wonder how/why Corsas are now so low down the groups.
 
My husband's a driving instructor of 16 years.
Corsas have always been high on the list of cars for young new drivers, and considered favourably by insurers. Especially if new, if said young new driver is over 19, when insurance is often part of a deal.
Smiled upon by insurers (small engines, no "hot snot" versions) also include:
Kia.
Hyundai (bargepole springs to mind).
Citroen.
Fiat.
Dacia.
Renault (Clio)
Ford (Ka :puke: ).

Adding a driver can assist, possibly depending on their own history / circumstances.
Realistically limiting mileage.
Black box.
Curfew.

All are considerations.

Pass plus is pretty much dead with insurers, and also with local authorities, who used to fully subsidise it.
 
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