New Driver Insurance Discount...?

Dale_d3100 said:
Third Party Fire and Theft yes :p

statistically when young drivers crash they do it big with big consequences......

Young drivers crash a lot, they cause lots of damage to other vehicles, buildings, roadside etc. Their premiums are high because of this. I could not afford Fully Comp when I was younger, only Third Party.

Once you get above 25 (might be higher) the age effect on the premium is reduced and the other factors have more effect.
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The majority of the costs in large losses is actually for the whole of life care for the victims injured in crashes......(we'll gloss over legal fees etc etc......)

But essentially we have a current large loss where a reasonably high earner has very unfortunately been paralysed neck down in mid 20's........ reserve is circa £20million for care etc for rest of life, mods to home etc etc... I could go on....

Had he been killed would be looking at £500k max.... and no I do not nor do any of my colleagues wish that had happened!

I know that sounds bad, and harsh, and i honestly 101% wish the accident had never happened, and yes, i do feel for him and his family, but that is the cruel heartless world of how insurance premiums and payments are calculated.

but hey, that's what reinsurance is for.
 
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Lynton said:
Don't know if it's still around or not, but there used to be a thing called pass plus, which driving instructors offered. Basically it was something like 6 hours involving driving on motorways , lots of dual carriageways etc etc....

Many insurers used to offer a 30% discount (equiv to 1 yrs NCB) for young drivers who had taken the pass plus. It used to cost about £100, so guessing about £150-£200 now if still about.
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Pass Plus is still about although I think you'll be looking at more like £250+ or at least that's what it was a couple of years ago when my son passed his test. Companies offering discount on insurance for Paas Plus gave a discount roughly equivalent to the cost of the course in the first place, so you'd only make savings in subsequent years, not the first year. What is worth noting is that if your lucky you can apply to your local council for a grant to cover the cost of the course, but not all councils do this.
 
Pass Plus is worthless. Really do a quote as a new driver. My fiance is looking at doing her test again and as we changed car this month she did a few quotes. Her insurance went up when adding pass plus to the policy with most insurers and stated the same with others. (22, female on a 2.0 Ford Focus)

My insurance went to silly levels adding her as a named driver also (adding an extra £2,000 over the £500 i pay)
 
Fronting was common when I passed my test, when I was learning I was on my dad's insurance as a named driver and then when I passed my test I didn't drive that much so kept my status as named driver till the insurance expired (a couple of months). Then I took out my own policy and here I am. If I could convince my parents to switch from Direct Line to Admiral I'd be even cheaper to insure!

Dare I say that the vast majority of people condemning people who front or fronted didn't have to pay a fortune to insure a car despite doing everything they could to reduce their perceived risk? I think I might actually!
 
Ross - what you did wasn't fronting.
 
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Lynton said:
Ross - what you did wasn't fronting.
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The point is that I understand why people do it, I was sorely tempted, but as my future profession requires me not to have any criminal record, cautions etc I didn't. Believe me, that's all that stopped me. The insurance companies should offer ways to reduce your premiums to affordable levels without committing fraud. Over 3 years (plus the years no claims I got from the insurance policy used while learning) no claims bonus and I'm still being shafted to the tune of £700/year for a crappy little rust bucket.

The insurance company is screwing over the young drivers and assuming that we're all taught by **** poor instructors (as seems to be the standard these days) and are going to crash and take out several gold plated limos in the process. Even when you've proven yourself to be a safe responsible driver they still want to screw you some more. My sister who's been involved in three accidents (all lowish speed thankfully) has lower premiums than me. Go figure eh?
 
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yes i did say "I don't see your point."

OK - young male drivers are statistically 4 x more likely to crash than young female drivers. Yes there will be the odd exception like your sister, however I am talking about the entire general population.

When young males crash they tend to do it in a much more spectacular fashion -than young females, because those 1.2 corsas 5 up with the bassbox going won't go round that bend at 80.

Also, to be perfectly blunt and some might say sick, it would be far better financially from the insurers point of view if they were to be killed or to kill. That way there is a payout of £x.

However, unfortunately, like a case I am currently involved in, a young driver caused an accident that resulted in a 9 yr old child being brain damaged and paralysed from the neck down. We have a reserve of approx £200K a year for the remainder of his life for the 24/7 care he will need. Not to mention the raft of other costs.

Obviously as well, its not just the age of the driver, but the vehicle, where you live, how it is used... i could go on... but i'd rather not.

At the end of the day if the insurer catches a person fronting they are liable to pay for any 3rd party injuries under the RTA, however you can kiss goodbye to having your car repaired........
 
oh and another reason premiums have gone up generally is 20 yrs or so ago there were not many spurious claims for whiplash which now pays about £6k on average....

nor none of these "where there's a blame there's a claim" firms and we didn't have the compensation culture that we now live in.

All those slightly iffy (as well as the genuine ones) need to be paid from a pot of money....
 
Lynton said:
oh and another reason premiums have gone up generally is 20 yrs or so ago there were not many spurious claims for whiplash which now pays about £6k on average....

nor none of these "where there's a blame there's a claim" firms and we didn't have the compensation culture that we now live in.

All those slightly iffy (as well as the genuine ones) need to be paid from a pot of money....
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Indeed, changed times. Even recently claims have got much worse. I suffered a broken bone due to negligence of coaching staff (who removed a safety mat that I was expecting to be there and couldn't see if it was there or not). I was 13 I think, on crutches for 2-3 months and physio and the like. We complained (didn't get a lawyer or anything) and said that what happened was negligent. I think it was £400 I got (not that I was looking for money but it was nice to get). My sister claimed for whiplash in one of her accidents and got £1500 if memory serves! That's quite a change even over the course of 7 years.
 
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