Insurnace prices Driving Me Mad

[Mike_123]

Hello

Ive looked through alot of the threads on here about insurance, i need some help and advice, ive been looking for insurance all over the place, tried the comparison sites, and loads of other companies, and im getting rediculous prices,some almost reaching 3000 for TPFT! with my dad as the policy holder and me as a named driver, based on an old peugeot 106 1.1.

Technically my dad has 9 years NC but thats being used on a different policy, so i cant use that on any others right? Therefore my dad would have 0 years no claims if startin a new policy with me on it.

Is there anywhere i can get cheap insurance for a cheap banger ,cause insurance is just annoying me now, some prices are crazy.

oh forgot to put im 17 (18 in 2 months) , passed test about 3 months ago and have Pass Plus

Any help would be appreciated

Thanks

Mike

[dave87]

Wait till you're 18. Take the policy out in your own name, and add your dad as a named driver. Going to be a fair bit cheaper than 3000

[herulach]

Those are a little on the ridiculous side, get your dad to ring up, as it'll likely be cheaper, or look at different cars (unless it absolutely has to be that one) Your classic boy racer mobiles have a really bad accident profile (106, 206,306, saxo, some fiestas, civic etc) and you'll find its cheaper on something else with a bigger engine. Try a quote on say, a 1.1 micra, you'll probaby find its a lot cheaper, or if thats too crap, a corolla/starlet 1.3.

[Bunjiweb]

3000? My dad got me a fiesta mk4/1.3 when I was 17 and insured me on it before I even passed! It was about £1800/ year or something like that, but not even close to your 3000! That was 5 years, but even so I dont believe they could be that much higher! After I passed it started to plumet and has paid off as ever since then my insurance has dropped right down and now I pay about £35 a month for a MK6 1.8 Toyota Celica SR.

Why dont you add it to your dad's policy as a 2nd car then you as the named driver? surely you can do this and get his no-claims bonus as well? I've seen adverts for this kind of policy.

Ben

[burble]

£3k? 'king hell! I feel less upset about the £600/year it'll cost me to insure my Golf R32 now.

[Howard]

Don't use the comparison sites, use Directline, Admiral etc, you'll get quotes about half of 3k

[Gr44]

£3000 is way too much.

Where do you live? Middle of Manchester?!

As suggested, try going to a few sites rather than the comparison ones....

[mcmiller]

is that fully comp ??

[Mike_123]

Originally Posted by Bunjiweb

Why dont you add it to your dad's policy as a 2nd car then you as the named driver? surely you can do this and get his no-claims bonus as well? I've seen adverts for this kind of policy.

Ben

Do you know if directline do it, because thats what my dads with now, or do you know of anyone who does it?

Thanks

Mike

[Howard]

DirectLine do, and they do a no-claims bonus for named drivers now.

I'll say again.. Get quotes manually, 3 grand is at least twice what you should be paying. Insurance for young people IS expensive, hideously so, but if you're getting quotes higher than about £1600 then something's wrong somewhere

[hitman67]

Try also looking for Insurance, might be a little cheaper

All I can say is shop around, at 17 I was running a 1.8T Audi A3 that was an S3 in all but badge and didn't pay near that!

[alexmorris60]

there is an insurance company aimed an young drivers, cant rember the name though
But you pay per mile you drive, and you get fined if you drive later than 9Pm and erlyer than 6Am.
Its like 40%cheaper then the norm, but you lose some freedom :'(
Cant win can we

[Saracen]

Getting the best insurance deal always has a bee a nightmare.

I used to have access to insurance company systems, and could run my own inquiries on my own situation. About once a week, I ran a quote check given my own personal details. Nearly every time, the figure varied, often by quite a margin, and so did the cheapest insurer.

And that was 25 years ago.

Different insurance companies base their quotes on different criteria, and those criteria change over time, as does their target market. I spend several years insured by one major company for a BMW M3, only to be told the next year that they weren't even prepared to quote. There'd been no accidents or anything - they just changed the market they were interested in and no longer wanted high performance cars.

As for £3000, yeah it seems high. But Mike, it isn't just based on the value or performance of the old Pug you're insuring, but on the potential cost of the Rolls, Merc or Ferrari you might bang up .... and of course, the potentially huge cost of personal injury.

If £3k is the best you can get after hunting around (and some insurers quote high to effectively tell you they don't want you, so hunting IS worthwhile) then there'll be a reason why.

I'm afraid the only way is to do the legwork, because a company that's cheap for someone mt age, in my area and with my circumstances (or a person your age living here) won't necessarily apply to you.

[hibby]

Try Quinn Direct? They seem to be quoting relatively good deals for younger drivers, although that's based on myself as a 21 year old. Handily, they give credit for a named driver having no claims (although with only a year tops, it's not going to have such a big effect for yourself).

The other consideration is whether you need comprehensive insurance. If the car is cheap enough you might be better off getting third party, fire and theft and then if you do have an accident use the money you saved on the premium to repair/replace the car. Increasing voluntary excess will also have the effect of reducing the premium, although bear in mind that there is an extra excess for drivers aged 17-21.

Personally, I've just gone with Admiral with my parents as second and third drivers. It's amazing how much that drops their quotes by (~£150).

[Butcher]

I was with Quinn last year - they seem a good deal for new drivers.