Looking at insurance for a 17 year old learner driver, and the cheapest way seems to be to buy them a car and insure it in their own right. Anyone know if they'd still be covered on such a policy once they past the driving test, or would the premium go up?
The premium is higher once they pass. I think it'd just be a change in the policy like when you change vehicle or address. The best advice I can give from experience is to add experienced named drivers. It sounds daft because it's extra cover but somehow it makes it cheaper. Often significantly cheaper.
Cheers. I've only done on line searches, I'll pop in a brokers and bend their ear. So even though their learner policy is for one year on their car, it becomes invalid the minute they pass their test, presumably due to them no longer being supervised? Have I got that right, or (optimistically) would the original policy carry on?
Agreed on the older named driver. Two of mine who passed their tests added me or the missus and it saved them around 300 quid. I don't see why tbh. I'll never drive their cars. Must be a reason tho, insurance ****ers don't give owt away for nowt.
I reckon it'd be valid, assuming you tell them about the change and pay any increased premium. Like any other policy change. I don't know for definite, but I do know people who's premium definitely went up when they passed.
Cheers. I'm sure you're right. I'm just an eternal optimist. Presumably, the shrewd thing to do, would be to insure them as a learner for a fraction of the year, which should be cheaper initially? What about classic cars? I read somewhere they can be cheaper to insure? That way they can build up their no claims and the car shouldn't have devalued.
when they get their certificate they can no longer drive under the insurance, hence why you had to be driven back by your instructor after any test .. you can ring and change it and then its ok
've just been looking for my eldest daughter (24), she passed her test 5yrs ago, although hasn't driven since then!! and I've tried every combination to get the cheapest insurance (named drivers etc) and the best I've come up with is around £870. So if you find a cheap way of doing this please let me know, I didn't realise it was so expensive as mine is £120
It only starts getting cheaper with a no claims bonus, so if she hasn't been insured since passing her test its only her age which has any real impact on the premium. The best advice I can offer DMD is look at a policy which includes the fitting of a box that monitors the driving. My lads first year was with Insurethebox and was £1500 cheaper than the next best, but now he has 4 years no claims his most recent premium was £420 through a price comparison site. Always add at least one parent to the policy it definitely reduces the cost. Also if the new driver is nearly 18 it can sometimes be worth waiting until after the birthday as the policy cost may reduce with age, just do a price comparison and then redo it with a different date of birth.
I had a 1972 Cortina with a 2.0l pinto in her when I was about 26 and it cost around £120 to insure without any NCB*. I have a 1972 Landrover that's been parked in the garden for four years, when it was last on the road it was £80, again with no NCB*. Cheap as chips. Cheap chips. You have to look after the car a little more intensively but if you know the basics or want to learn them, it's a good way to start. *No Claims Bonus? Discount? Whatever it's called. EDIT. Free tax as well.
I'm 25 and having my mam as a named driver still knocks £50 off my premium, even though shes never say in the driving seat of any of my cars in the 7 and a bit years I've been driving. Make sure whichever parent or grandparent or whatever is named has plenty of no claims and no recorded convictions or accidents regardless of whether there was a pay out or penalty points awarded in the last 5 years else the difference will be lower. The black box is also a great way of bringing down the price if the kid is boring and doesn't mind being teased, bullied and left behind by mates in their cars. The car makes a massive difference to the price. Stay away from any popular boy racer cars such as 106's, saxo's, civics, clio's, fiestas etc as they are higher risk in the age group due to the amount these cars are involved in accidents by drivers in the age group (17-24). They are higher risk. Try to buy as new a car as you can afford as better safety features help bring the price down. Look for a car less common among younger drivers such as a skoda octavia or an Audi A4 as they will generally be cheaper to insure, at least they were when I was in my first few years of driving. My first car was a 1 litre 5 door corsa, it cost £1800 to insure, it lasted 3 months or so before I melted the clutch and shagged the gearbox, I upgraded to a 1.6 DOHC Astra with twice the BHP and got 50% of the remaining cost back as a refund. At the end of the year I swapped it for a 1.8 litre 306 XSI with even more power (150bhp if I remember right) which cost me £1057 to insure for the full year. In comparison, far less powerful 1.2 litre 106's, saxo's, corsa's etc would have cost me £1700-1800 to insure for a year.
This as well. Classic cars are dirt cheap to insure. A mate of mine has spent the last year or so doing up an old bay window vw camper, his insurance is ridiculously cheap on classic insurance, tax free as well.
I've just remembered that you don't build up any No Claims on a classic policy. In fact, I think you can lose any you had.
My apprentice has just passed his test and drives his own car. He got an insurance policy where a box is installed in his car which downloads his driving habits to the insurer and his premium is paid monthly based on these readings. He was mighty p****d off when his dad borrowed his car and drove as 'more experienced' drivers do, causing his monthly payment to shoot up! You could give this a try as the box was installed whilst he was still a learner.
My second youngest lad who's 19 and passed his test just over a year ago has just taken my old faithful mk4 Golf off my hands (God I love that car!), it's a 2001 1.9 GT TDi and he has me as a named driver on the policy, he pays £112 per month. His previous car was the inevitable Corsa 1.2, much lower powered yet his insurance for the Golf is only a few pounds more, and he doesn't have a black box in his motor. He was over the moon when he found out how cheap, relatively speaking, it was for him to insure it.
Don't go down the classic car route, statistically a new driver is most at risk of being involved in an accident, the safety standards on those old cars are terrible, plus whatever you save on insurance you'll end up paying in servicing and repairs. There's no way of making it cheap but a small engine car, black box and parents on the insurance are the best ways to bring it down. It might be stating the obvious but if you can afford it pay for the year up front, you'll end up paying up to 20% more if you do it in instalments.
Seems the best way forward is to bite the bullet as soon as possible to get into the no claims system. Do you get any ncd for being the named driver on someone else's policy? I'm not talking of what they describe as 'fronting'.
No. Nor do you get any for driving in a provisional. You only get NCB for be by a full driver on your own policy.
