Third Son Insurance Woes - Any Suggestions

[Megamix]

I've insured my first two sons cars and its always been expensive but this year my third son's quote seems astronomical in comparison.

- So far (all afternoon on phone)

- £2800 - as named driver on new policy (Coop)
- £4000 - as driver in his own right

Cars is 1.4 Micra and its only worth £1500.

I can get £2400 on MY existing policy but only if I transfer all my NCD over to his car.

In my estimation the insurance has doubled since 2007.

Any sympathy, suggestions welcome! :cry:

[soundtracker]

I've insured my first two sons cars and its always been expensive but this year my third son's quote seems astronomical in comparison.

- So far (all afternoon on phone)

- £2800 - as named driver on new policy (Coop)
- £4000 - as driver in his own right

Cars is 1.4 Micra and its only worth £1500.

I can get £2400 on MY existing policy but only if I transfer all my NCD over to his car.

In my estimation the insurance has doubled since 2007.

Any sympathy, suggestions welcome! :cry:

Just done my sons with Aviva (Norwich Union Direct) Cheapest I could find by a country mile! (£1600 for a car worth £4500)

[Charlie Brown]

I've got to pay for it all my self!

They're lucky!

[deltic]

daughter has just turned 18 and is driving around in my polo gti,it only costs £500 with her on as a named driver fully comp protected ncd with admiral.

when she passed her test they put the premium up by £27/ year.

i just don't know how i am going to get her on her own policy as i don't think i have got it in me to pay twice what the car is worth to insure it.

[yourdj]

get a smaller cc car would be my advice. a non boy racery Desiel may be even cheaper. honda jazz or something if they do them in diesel?

[Jiggles]

Its a real con tbh. Don't think I will be getting a car for a long long time due to this!

[yourdj]

Its a real con tbh. Don't think I will be getting a car for a long long time due to this!

Not really as first time drivers are far more prone to having a crash which affects underwriting.

old people and dappy individuals should have these rates too or not be allowed to drive :D

You wait till your my age - the worlds your oister (well cars are anyway) I got insured on an impreza this year for £250! and my van (commercial) for £208! I was shocked! All i have to do now is start producing bio diesel and im sorted!

[Charlie Brown]

Its a real con tbh. Don't think I will be getting a car for a long long time due to this!

Don't you want to be independent and get about?

[BeerFunk]

My first year cost me £1700 TPF&T, and I paid it all myself :(

Yes, insurance has gone up for younger drivers, no doubt about that - I'm not sure why though. The facts are there though, there is a much, much higher chance of a claim coming in, so the premiums have to cover this.

[Mark Wild]

Also becareful with having them as named driver, when infact they are the main driver, I think that can effect claims sometimes.

[Megamix]

Update: £2300 Fully Comp
Gone for i-kube (http://www.i-kube.co.uk/) - GPS Tracking device so hes got to be switched off by 11pm and cant move it until 5 am (or £45 penalty)
I know its restrictive, and I wouldn’t have done it with his brother! but he's not the clubbing drinking sort and I feel i can trust him.
As soon as he's older and the costs are reasonable we can move on to a non GPS tracking insurance.

3 cars bought with 1st year's insurance paid for 3 sons - am I mad or generous? - You decide

[Mark Wild]

Update: £2300 Fully Comp
Gone for i-kube (http://www.i-kube.co.uk/) - GPS Tracking device so hes got to be switched off by 11pm and cant move it until 5 am (or £45 penalty)
I know its restrictive, and I wouldn’t have done it with his brother! but he's not the clubbing drinking sort and I feel i can trust him.
As soon as he's older and the costs are reasonable we can move on to a non GPS tracking insurance.

3 cars bought with 1st year's insurance paid for 3 sons - am I mad or generous? - You decide

What kind of car is it?

[Megamix]

What kind of car is it?
Nissan Micra Automatic 1.4

[Jiggles]

Don't you want to be independent and get about?

Yes! But the cost I cant afford!

[Sapphire Disco]

I've got to pay for it all my self!

They're lucky!

No Charlie you are lucky you will grow up to appreciate what you have and have real values and be a better person for it.

Sorry but I think that is a ludicrous amount of money so a kid can drive his friends around, if I've missed something I apologise but to pay that money you must want your brains tested.

[1st Choice Karaoke]

It does sound high at first, but then I think back to my first car. I got insured at 17 on a 1.9 Opel Manta Berlinetta (Early B series with the chrome bumpers) it was £950 3rd party only with £500 excess. I earned about £150 a week for 40 hours work then. I only paid £125 for the car! ;-)

[deltic]

Also becareful with having them as named driver, when infact they are the main driver, I think that can effect claims sometimes.

good point,i insure the wifes car also but i have put her on as a named driver and also she is listed as the main driver.

the gti i still drive it as well as daughter just to avoid her being the main driver

[wensleydale]

not sure if its too late but it might be worth looking at new cars with free insurance- when I was 19 I bought a new Saxo which had 3 years free insurance and interest free credit- given that you are talking abut £2300 for 1 year thats a fair proportion (a third?) of the cost of a new car and you then end up with a much better car too.

[Dynamic Entertainment]

good point,i insure the wifes car also but i have put her on as a named driver and also she is listed as the main driver.

the gti i still drive it as well as daughter just to avoid her being the main driver

Andy, be careful. I work with the police up here and if shes gets stopped in the car a certain number of times, and you dont, they use that as the deciding factor as to who the main driver is.

I.e.

"Your honour, weve have stopped Miss Neen 8 times in said vehicle, but have yet to stop Mr Neen in it. In our opinion, Miss Neen is infact the main driver due to the frequency she drives it...."

Its exagerating the point slightly, but it does happen (happened recently too according to the last report to cross my desk).

Its intened to stop mam and dad buying high powered sports and GTI (ahem ;) ) vehicle and letting their children loose in them as named drivers, when really its basically that kids car....

[Solitaire Events Ltd]

I've got to pay for it all my self!

They're lucky!

Are you still paying for your private education? :p
:D

[James]

Bloody hell, gps tracking insurance? i've heard it all now.

[discomobiledj]

Let's hope he's is never stuck in traffic! I don't understand why not driving a car between certain times would reduce the cost of insurance.

[Charlie Brown]

They are more likely to have a crash at night. Kids racing the streets at 3am can sometimes be fatal!

[Dynamic Entertainment]

They are more likely to have a crash at night. Kids racing the streets at 3am can sometimes be fatal!

Sorry charlie, but your wrong.

16-24 years olds are more likely to crash between the hours of 7-10am and 3-6pm according to latest collision statistics...which incidentally is the round about the same time as everyone else, but that age range features more than any other. ;)

Insurance companies usually stipulate that time because once over drink/drug driving was an issue with that age range...although that has now passed back to middle aged drivers, and morning after drivers.

[MBK]

My eldest son's insurance on a 1.4 Clio was about the same but he sold it after 3 months and got a 1.2 Clio and his premium dropped by just over £400.

We went down the route of a named driver but decided against it as the definition of a named on my policy is a person(s) who will only occasionally drive the vehicle (Occasional equates to 3 -4 times per month) as per there quotation we received.

You could get him to reduce the annual mileage to 6000 per year this will reduce the premium as would an increase the voluntary excess.

[yourdj]

morning after drivers.

Ie - 7am-10am.

Also half asleep. having a curfew will mean that youngsters will stay over night and drive early in the morning most probably still affected with alcohol from the night before. does not make sense to me :confused:

[Cj_The_Dj]

I pay £1500 a year as a provisional driver (named driver) on a 1.8 deisal van.

[Jonathan Ford]

Some of the prices here amaze me...and terrify me seeing as my eldest is 17 in two years!

I pay £665 a year fully comprehensive on an Aston Martin DBS.






















I wish....but got a quote on one just out of interest a couple of months ago, and it came out at this!

[OllieJames]

My car was £3000.

Mum is the main driver, and I'm the named and it's costing us £1200 per year, on a provisional. My test is in under 2 weeks, and I reckon it'll go up to around £1600 when I'm on a full license.

It then goes up again when you're 18, and then gradually comes down, until your 24 and it goes down loads.