OMG - daughter's car insurance quotes !!!

DG Phototraining

DG Phototraining

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My 21yr old daughter is soon to finish at Uni and wants to learn to drive this summer, so thinking ahead I was just considering what her first car may be

A few years ago we had a Fiat Punto and I loved it, I also found that the base 1.2ltr model can be had with a few years on it and as little as 40,000 miles for less than £2,000 from a dealer - FAB :thumbs:

So out of interest I completed one of those 'Compare' sites just now as if I was her looking for insurance, quotes for 3rd Party Fire & Theft ranged from a staggering £3,900 to an unbelievable £9,970 :eek::eek::eek:

WTF !!!

Several of her mates already have cars, and one is on her 2nd brand new Mini having totaled her first in an argument with a tree - HOW the Hell can any of them afford to drive ??? :shrug::shrug::shrug:

Dave
 
Cheapest way by far is for you to buy and register it, insure it and put her down as a named driver with a policy where named drivers can build up no claims bonus.

Downside if she prangs it your policy goes up
 
Shocking, I dread to think what it will be like when my 4 year old gets to the driving age.


Have you looked into the tracker box insurance plans? Would be interesting to see what difference it makes.
 
DG Phototraining said:
Several of her mates already have cars, and one is on her 2nd brand new Mini having totaled her first in an argument with a tree - HOW the Hell can any of them afford to drive ??? :shrug::shrug::shrug:

Dave
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Possibly they are on their parents policy as a named driver but then use the car all the time. This is frowned on by the insurance companies (surprise surprise) as its effectively fraud.
 
Gr8Shot said:
Cheapest way by far is for you to buy and register it, insure it and put her down as a named driver with a policy where named drivers can build up no claims bonus.

Downside if she prangs it your policy goes up
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And also not entirely legitimate if she is in fact the main driver.
 
It sounds daft, but try a fully comp quote on a more expensive vehicle...
 
my daughter is just 18 on her second car which is a 56 plate for her 20 year old brother 54 plate and the dad £2500 for the lot still allot but there you go. that is for 3 cars.

Sorry my kids are the ones on the insurance with dad being a named driver... we didn't go down the route of risking it..
 
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She needs her own policy with YOU as a named driver as this will bring the premium down legally.

I wouldn't do this until she has passed her test though.


Heather
 
Gr8Shot said:
When insurance companies start playing fair I will reciprocate the gesture....
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I agree, however if you do have to make a claim, and the insurance company gets even a whiff that she is the main driver. They won't pay.
 
Tigger.ufo said:
She needs her own policy with YOU as a named driver as this will bring the premium down legally.

I wouldn't do this until she has passed her test though.


Heather
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It will cost even more then.
 
Gr8Shot said:
Cheapest way by far is for you to buy and register it, insure it and put her down as a named driver with a policy where named drivers can build up no claims bonus.

Downside if she prangs it your policy goes up
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and the fact that you'll only be able to use the no claims with that insurance company
 
1st car a Standard Flying 10 - Cost £15, Insurance TPF&T on a provisional licence £25 :D
 
Gr8Shot said:
Cheapest way by far is for you to buy and register it, insure it and put her down as a named driver with a policy where named drivers can build up no claims bonus.

Downside if she prangs it your policy goes up
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This is illegal and known as "fronting", if you're caught doing this you'll have the policy cancelled and will have to declare that doing forward which will increase the cost even more.

However, by adding several older/experienced drivers to a new driver's policy can lower the premium nicely ;)
 
This is done by many, if she lives with parents, they can't prove you're not the main driver.

However there is another legal way to lower insurance costs and that is to accept a GPS tracker fitted to your car so they can monitor her driving, quite a few insurance companies now offer this.
article here
 
Gr8Shot said:
Cheapest way by far is for you to buy and register it, insure it and put her down as a named driver with a policy where named drivers can build up no claims bonus.

Downside if she prangs it your policy goes up
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Google "fronting".

Other downsides are that if she is the main driver this is illegal so the policy holder may find themselves in a criminal court / prison, the insurer won't pay out or possibly will pay out to the 3rd party then will recover the costs from the policy holder, so she'd better not leave someone needing a lifetime of care following an accident as in addition to a potential stay at her Majesty's pleasure, Dad will lose his house :thumbs: :thumbs:.

Contracts of insurance are governed by the principle of uberrimae fidei ("Utmost good faith"). This is not a new concept, it goes back over 200 years in UK law for insurance contracts (read up on Carter vs Boehm if you don't believe me).
 
onomatopoeia said:
Contracts of insurance are governed by the principle of uberrimae fidei ("Utmost good faith"). This is not a new concept, it goes back over 200 years in UK law for insurance contracts (read up on Carter vs Boehm if you don't believe me).
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True, but strange that it usually favours the insurance companies as opposed to the customer. If an insurance company can find the smallest loophole to wriggle out of paying up, they will.
 
Get quotes for comprehensive.

Put yourself on her car as a named driver.

Also look into manufacturer included insurance schemes for new cars as you may find one of those (as she's 21) would work out cheaper to buy a new car and use a manufacturer scheme rather than having an old ones. £2k cars are considered bangers it seems.
 
One problem (and I couldn't get an answer from the insurance companies) is how to define main driver. when we had 2 cars the wife would use the car for shopping, taking daughter to all her activities, etc but at the weekend I would drive the car. So the wife would do the most journeys but I would do the most miles.
 
Gr8Shot said:
This is done by many, if she lives with parents, they can't prove you're not the main driver.
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Sadly, they don't have to prove she's not the main driver; her father / mother will have to prove that he / she IS.
 
My wife has been driving for over 25 years and her Passat insured in Northern Ireland costs £300 with 5 named driver all fully comprehensive...... Bringing it over to England no named drivers £1200..... and it has secure parking.... I feel your pain!
 
Interesting stuff guys :thumbs:

On the quote I've added my wife as a Named Driver, and said my daughter is an employee of mine, and her quote has dropped by almost 2/3rds !!!

It (so far) didn't ask how much she works or what her wages are, so my thoughts are - she works part-time commission only :D

But you're right Suz, it may well turn out cheaper overall to get her a brand new car if there's a deal on the insurance in with the purchase price - how :nuts: is that :lol:

Dave
 
I paid about £900 for my first car for just the insurance for the first year when I started driving. That was 15 years ago so it has remained just as stupidly expensive as it ever has been. New cars have kept their costs down as you can still get a brand new car for about £8k as you could then!

http://www.wearemarmalade.co.uk/cars-for-young-drivers - that also includes nearly new as well as new cars.

http://www.peugeot.co.uk/just-add-fuel-faqs/ - peugeots with 3 years insurance. Do 21 year olds from the looks of it.
 
nilagin said:
True, but strange that it usually favours the insurance companies as opposed to the customer. If an insurance company can find the smallest loophole to wriggle out of paying up, they will.
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In motor insurance the law makes it very, very difficult for insurers to avoid paying out to third parties and the ombudsman will on balance favour the public over insurance companies in disputes, in that they will expect much stricter adherence to their obligations from insurers than from the public.

This does not give members of the public carte blanche to ignore their obligations to insurers, but that the ombudsman gives more leeway to them when making decisions than it gives to insurers.
 
srichards said:
I paid about £900 for my first car for just the insurance for the first year when I started driving. That was 15 years ago so it has remained just as stupidly expensive as it ever has been. New cars have kept their costs down as you can still get a brand new car for about £8k as you could then!

http://www.wearemarmalade.co.uk/cars-for-young-drivers - that also includes nearly new as well as new cars.

http://www.peugeot.co.uk/just-add-fuel-faqs/ - peugeots with 3 years insurance. Do 21 year olds from the looks of it.
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Just found that too Suz !!!

OMG AMAZING !!!

She can have a brand new Peugeot 107 inc.

3 YEARS INSURANCE*
3 YEARS WARRANTY
3 YEARS SERVICING
3 YEARS CAR TAX¬
3 YEARS ROADSIDE ASSISTANCE

For just £189 pcm (plus some deposit obviously)

That's actually CHEAPER than the car insurance quotes for an old Punto !!!

Dave
 
A lot of what I read in here is wrong (admittedly skimmed the last few posts)

Putting her as a named driver will end up more expensive as the insurance company now assume you are fronting.

The price has jumped up for girls because of the equality law.

Regardless of age, to a point, the main thing is NCB.

Both parents on as named driver, or even grandparents.

Punto is a standard young driver car and you'll pay for the privilege, try something like a Focus, family car.

Fully Comp may bring it down but it hasn't for me yet.

Parking on street not drive/garage may also bring it down.

For what it's worth, at 17 0ncb I paid £2400 for a 1.2 Fiesta worth £1000, at 18 1ncb paid £1400 for a 1.6 Fiesta with a few mods, and now pay £520 on the same Fiesta with 2ncb.

If she was planning to go to university, the best thing to have done would have been get her to pass before going, then wait, at least she's held her licence for a while then. Then get a refresher driving course or something. Hindsight now though.

The admiral group are currently cheapest, all their quotes were half the next closest.
 
srichards said:
I paid about £900 for my first car for just the insurance for the first year when I started driving. That was 15 years ago so it has remained just as stupidly expensive as it ever has been.
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I paid £280 TPF&T to insure my first car 25 years ago. 1800cc Morris Marina when I was 18. Three years later I was insuring a Hillman Imp for £90/year with Direct Line, on a normal (not classic) policy.

Car insurance for youngsters only started getting stupid in the mid 1990s as far as I can tell.
 
Gr8Shot said:
This is done by many, if she lives with parents, they can't prove you're not the main driver.
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For starters...... you normally have to declare that you are the owner of the vehicle you are insuring, this strongly implies you're the main driver and will do more than 50% of the annual mileage you're being covered for.

In this instance I believe the OP's daughter will be living away from home so fronting is a definte no no.

You are right in what you say, it could be difficult for an insurance company to prove who does the most mileage but they employ investigators who have "vays of making you talk" and ultimately drop yourself in it up to your necks.

I hate insurance companies with a passion in as much as they extract as much money as legally (debateable) possible from you and will do everything in their power to pay you as little as possible as/when you need them.

My point is it's best not to give them any excuse not to pay you out in the first place as the £2K p/a you've paid them will be worthless if you've lied and invalidated your policy ;)
 
Yep, welcome to the world of younger drivers Dave. We sorted nearly 19yr old Bratneys insurance out recently, a years full licence and pass plus too, on a 1.2 10yr old clio - quotes ranged between £2300 and, wait for it.... £15470!!! Seriously!!:eek: The average was around £5K, but as the cheapest was with Direct Line, who we have house and pet insurance with too, we went with them.

I also found massive difference of the comparison sites, with the same companies for same cover - the stand out one was that confused.com quoted half the price of those bloody Meerkats for the same policies, which was interesting..... :suspect:
 
Citroen managed to grab a lot of young drivers with the Saxo years back by offering insurance as part of the deal.

I drove past a Citroen dealer today which advertised a new C1 at £99 per month incl insurance!

I would guess its a lease/contract deal but might be worth checking out.

My last lease car had a 6 month upfront payment and at the end of 36 months was offered the car to buy at a not great price.

H
 
Tracker boxes dont make a great deal of difference.

My sons insurance his policy with me and his mum as named drivers but that was a 1liter car a nova merit i think.

Explore that option.....
 
Russ77 said:
I hate insurance companies with a passion in as much as they extract as much money as legally (debateable) possible from you and will do everything in their power to pay you as little as possible as/when you need them.
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What is debateable about the legality of insurance premiums?
 
onomatopoeia said:
What is debateable about the legality of insurance premiums?
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It was a tongue in cheek comment tbh..........

What I meant was it's a legal requirement to have insurance and I feel that insurance companies take advantage of this to it's fullest.

For example the last time I visited Australia, basic 3rd party insurance was rolled into their road tax and any additional insurance was purely optional. That being the case, insurers have to entice drivers to buy their product whereas over here we have no option but to pay whatever they want to charge for it.

I was basically implying premiums are borderline extortion ;)
 
Gr8Shot said:
Cheapest way by far is for you to buy and register it, insure it and put her down as a named driver with a policy where named drivers can build up no claims bonus.

Downside if she prangs it your policy goes up
Click to expand...

nope. That's called fronting and is very much frowned upon by those of us in the insurance industry. If found out at a claim chances are your claim would repudiated and insurance cancelled.
 
Russ77 said:
What I meant was it's a legal requirement to have insurance and I feel that insurance companies take advantage of this to it's fullest.
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You can avoid paying motor insurance premiums at all, the relevant statute provides a mechanism to avoid the requirement for 3rd party insurance :thumbs:
 
onomatopoeia said:
You can avoid paying motor insurance premiums at all, the relevant statute provides a mechanism to avoid the requirement for 3rd party insurance :thumbs:
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Can't you pay a bond? Seem to remember a story fairly recently of a prang in Knightsbridge and the pranger in his McLaren had no "insurance" but arranged for cash to be sent to the prangee to cover the damage. I assume the amount required is well into 6 figures though?
 
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