Even though they can't use gender for premium purposes they still obviously need to know your gender as motor insurance is a legal requirement.
Off Topic Young persons car insurance
- Thread starter DMD
- Start date
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Ah right. So it's more to help make sure it's the right individual if they're stopped and reduce a bloke called Carol or a boy named Sue confusing things?
There are probably still some ratings factors involved in gender I suspect.
All true, but the actual amount they effect your premium is typically pretty small, the main factors are age and no claims bonuses. I accidentally put married when I renewed my premium (god forbid at my age!), I rang up to correct it and my premium went up by £2 a year.
Its not as simple as that, age is a massive ratings factor as is ncb but other things are as well that you wouldn't expect, such things as purchase date of vehicle. I see some massive increases just down to that,
I wasn't even aware that came into consideration, what's the implication, that if you buy a car at a certain time of year your more likely to be a dangerous driver?!
Could you explain a bit more about the date of purchase issue? Is there an optimum?
No, purchase date of the vehicle relates to how much experience you have driving that particular vehicle. Obviously if you've been driving/owned it for a few years you are aware and used to driving it, thus reducing the risk, if you've just bought it the risk is higher as you aren't as used to the car.
The car itself obviously makes a difference, as does the registered address. Places with higher vehicle crime statistics are obviously higher risk.
For some reason, it made the difference between mine and a friends quotes on the same car approx £1000 apart when I first started driving. I assume that to be what changed it as it was the very same car (done on registration) we both took a quote on and we're both the same age. Perhaps there's some statistic where young males in certain places cause more accidents and are therefore more risk, he lived in a **** hole.
For some reason, it made the difference between mine and a friends quotes on the same car approx £1000 apart when I first started driving. I assume that to be what changed it as it was the very same car (done on registration) we both took a quote on and we're both the same age. Perhaps there's some statistic where young males in certain places cause more accidents and are therefore more risk, he lived in a **** hole.
You're probably right. I've a friend who does a lot of car modding, track days and whatever and he told me these things bring his insurance down as the car is essentially safer. He's more than likely on a proper modded car insurance though. I've never actually asked an insurer about them myself.
Mine dropped considerably this year now I'm 25. By almost 25% I think, can't remember exactly what I paid last year.
Motor insurances tend to be dropping at the moment anyway, although yours may have dropped specifically due to your age, in general though the 25yrs assumption is less relevant
Advice I was given for my lad was not to assume that a smaller engine means cheaper insurance. Some smaller cars are actually dearer because more of those models are involved in accidents.
As a result I got my lad a 1.4 Corsa which was considerably cheaper to insure than a 1.0 Corsa. Suzuki Swifts were also a cheaper model to insure but he wasn't having any of it.
He swapped that for a Clio after a year or so & was paying £500 for that & he now has a MK4 Golf & pays about £700 a year at 21.
Get them through the first year & accept you're going to get exploited after that it should drop considerably.
As a result I got my lad a 1.4 Corsa which was considerably cheaper to insure than a 1.0 Corsa. Suzuki Swifts were also a cheaper model to insure but he wasn't having any of it.
He swapped that for a Clio after a year or so & was paying £500 for that & he now has a MK4 Golf & pays about £700 a year at 21.
Get them through the first year & accept you're going to get exploited after that it should drop considerably.
Interesting stuff. Cheers.
So presumably, there's some advantage to buying a car for them to learn in and insuring them for that and upgrading later if/when they pass?
Wouldn't it just have been easier to have conceived your lad 10 years earlier?
Probably, if for no other reason than to see the reaction of the mothers first husband.