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Young driver Ins advice sought

M

Mike58

PCGB Member
Member
Hi
Almost at the stage of getting my son Greg ( 17) his first car
From his point of view it " can't be a dieterwagen " whatever that is ?? !! Car has to look cool
Looking at Honda Civic 1.4 /1.6 3dr( prev shape ) around 4K value ins gp 5
Any advice here re outright savings ? go 3rd party? have him as a named driver on mum/dads ins or bite the bullet and fully comp him.
I'm sure sure of you will have been in this dilema recently , any advice on what to do or significantly what NOT to do? Or is it simply shop around ad nauseam.
Mike
 
My first car was a shitheap Metro that cost more to insure than it did to buy outright and that was in Tonys name with me as a named driver. Had that a few months then scrapped and bought my mini.

Get a piece of crap for the first car, you'll find the insurance levels out at a certain point and it makes no difference what you drive, but obviously your son is younger than me and male. If he does get his own policy, add you and the wife as named drivers, should save a wee bit and has the benefit of a spare car if ever needed.

As for it looking cool, by the time he's touch parked and driven it through the halfrauds accessories department, it won't matter what he started with...!
 
Mike,

From my experience dealing with people who are and arnot (not a plug for that company) most young drivers have their parents insured the car for them with the youngster on the policy as a named driver. However the pitfalls of this route are that.

You, the parent have to have the car registered in your name and they the child are not the main driver. Your boy then spends a number of years as a named driver on a policy and not gaining any no claims discount.

Getting insurance in his own name is the better route in the long term and fully comp is not that much cheaper than third party for a young driver. Setting a large excess will bring any premium down also.

Regards

chris
 
Thanks again, some of the quotes have been quite comical, It may be cheaper to put his occupation as serial motoring offender, just out of jail for aggravated motor theft than a17 yr old student !!
Mike
 
Maybe or try a Popular TV presenter of a Top motoring show and see how that pans out [:D]
 
Buy him a new car that includes insurance

Dougie, 17year old daugher, too familiar with problem[:D]
 
most young drivers have their parents insured the car for them with the youngster on the policy as a named driver. However the pitfalls of this route are that.

You, the parent have to have the car registered in your name and they the child are not the main driver. Your boy then spends a number of years as a named driver on a policy and not gaining any no claims discount.

Getting insurance in his own name is the better route in the long term and fully comp is not that much cheaper than third party for a young driver. Setting a large excess will bring any premium down also.
Click to expand...
I agree with what Chris says, also be aware that if you are named as the "main" driver on the policy, but in reality you aren't then this is technically illegal - known as "fronting" and the insurance companies are VERY hot on this at the moment (i.e. if there is an accident they will endeavour to ascertain if this is the case and if they have any suspicion it is they won't hesitate to cancel your insurance and leave you in the sh1t).....
 
My 17 year old son passed his test and bought an 06 Mini One. Got quotes from various companies and the best was Admiral at £1800 with him as named driver under a policy under my name. Yes, there is an issue regarding the problem of me being main driver but on the Policy Docs, I put I have use of another car and he hasn't so that should cover any issues if anything arises. It is expensive but it was done as a new Policy with no No Claims policy. It is with Admiral and also it gives the named drivers on the Policy a No Claims Policy after the first year even though the policy is not on their name.
 
I went through this a couple of years ago with Ramsay. Insurance quotes do vary hugely between companies so you can never contact enough of them, it may be that very last one that gives you the best deal. There's also not much difference between fully comp and third party only, at least not for the cars we were getting quotes for. Ramsay needed a car to get to and from Uni, or at least that's what he told us, so something had to be done.

We decided there was only really two routes to consider:
Firstly, insured in his mums name (as females are less to insure) with him as a named driver. He could still be the registered owner as there's no need for the car to be registered in the insurees name. However, as Greig said, if the insurance company found out that Ramsay was the main driver the cover would be cancelled. As they normally only look into these things after an accident this could have left him with, at best a big bill for repairs to his and possibly another vehicle and at worst a conviction for driving without insurance, which, if the Sheriff also put six or more points on his licence, would be enough for it to be withdrawn and he would have to sit a re-test.

Secondly, insured in his name, with both his mum and I as named drivers. Having us as named drivers really reduced the prices. We ended up getting a 1.2 Fiesta for him but even the insurance for that was around £2000 fully comp [:(]. At least this way he has been building up his no claims. He now has an MX 5 insured for £900 fully comp, which I think is quite a good price for a 19 year old.

There was a third option of him not having a car for a year but this was dismissed by Ramsay before it even became an idea [;)]

Good quotes were had from Direct Line, Admiral and Quinns

 
I agree it is a bad deal for all new driver but we all bear the brunt of driver who are not insured and all new drivers are tagged with all the young nutters on the road as there are high risk in the eyes of the insurance company. Insuring a vehicle for your loved one is the way most parents go but as Gregg said insurance companies are all to aware of this. A new car and free insurance is another route but there is an age minimum age limit with most of these deals.

I have dealt with the fronting issue and it was an expensive claim with the insurance company walking away from the claim as it was quite clear that the the young driver was the main driver and not the policyholder. Think the large aftermarket exhuast, and boom box in the boot and a few other things were big clues.

Mike it would really depend on what kind of car your son wants or what kind of car you want to buy him. If you want to go down the Vauxhall line let me know as I have a contact that might sort you out if there is a free insurance deal on at the moment

Chris
 
Give Direct Line a try, my son has had a policy with them since a teenager and he tells me 'named drivers' can build up a NCD with them. Even if it means you being the policy holder and him named for a couple of years to build up a NCD?
Good luck,
Donald.
 
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