Car insurance for a young driver

[elsiegee40]

Daughter is 23 and has been insured on my policy with no claims for the last 5 years

 

She's looking in to taking ownership of my car and insuring it herself. I assume this doesn't count as a no claims discount for her.

 

Back in the olden days, my first policy was third party, fire and theft to keep the cost down, but such things don't seem to exist any more.

 

Has anyone got any tips on how/where to get the cost of a policy to something affordable?

[ICTDirect_Dave]

It's worth looking into whether her 5 years count as named-driver no claims. I had a couple of these when I was insured on my parents car back when I started driving.

 

Named driver No Claims don't carry the same wait as those of the policyholder but they certainly help a little.

[rad]

I'd call your insurance company and see what they can do, computer will say different to the internet!

[arwen]

Third Party Fire and Theft (TPFF) policies do certainly still exist. However if there is finance on the car they normally state it must be insured fully comp.

 

When I got my first car, I was down as the main driver, but added my dad on as a named driver. Took a third off the total cost.

[elsiegee40]

Third Party Fire and Theft (TPFF) policies do certainly still exist. However if there is finance on the car they normally state it must be insured fully comp.

 

When I got my first car, I was down as the main driver, but added my dad on as a named driver. Took a third off the total cost.

 

No finance. She wants to buy my Fiesta from me.

[MatthewL]

You should be able to phone them up to get a certificate to state she has 5 years no claims.

 

I've always had my insurance on my own from day 1 and had parents as named drivers to reduce it that way, still costs me a fortune and I'm coming into my 11th year of driving.

[FN-GM]

When I got my first car, I was down as the main driver, but added my dad on as a named driver. Took a third off the total cost.

 

I wouldn't do this, someone at work a few years ago had an incident and they didn't pay out because of this.

[elsiegee40]

I wouldn't do this, someone at work a few years ago had an incident and they didn't pay out because of this.

 

It's safe enough naming one of us. She lives at home and their is a chance I'd drive her car.

[arwen]

I wouldn't do this, someone at work a few years ago had an incident and they didn't pay out because of this.

 

I'm struggling to think why they wouldn't pay out solely on having a parent as a named driver. It certainly was not a problem when I claimed, and was never a problem adding him on.

[jmak]

It's usually the other way round - people insure their kid's car and put the kids on as a named driver. When it transpires that the kid is the main or only user, the insurer gets unhappy. @elsiegee40 should be fine adding herself as a named driver as long as the main user and owner of the car is named as such on the policy.

[3s-gtech]

Agreed, I imagine the incident above was a case of 'fronting' where the main driver was only a named driver. Adding a parent as a named driver should have no negative effect, and will often bring the price down (while giving them fully comp rather than third party insurance on the car).

[just_david]

also worth noting that tpft and third party can be more expensive than fully comp, apparently people who look for those policies are considered higher risk.

[elsiegee40]

also worth noting that tpft and third party can be more expensive than fully comp, apparently people who look for those policies are considered higher risk.

 

That's what we have found. It's cheaper to insure fully comp

[difinity]

Getting one of those black boxes fitted should help reduce the price a little. My 18yr old daughter should be passing her test soon. Some of the quotes she has been looking at are eye watering. She wants her mum's Fiesta (1.4L) but it's not a car in the lowest insurance group.

It's been suggested doing an advanced driving course like PassPlus will reduce the price as well as taking a limited mileage policy.

[elsiegee40]

Getting one of those black boxes fitted should help reduce the price a little. My 18yr old daughter should be passing her test soon. Some of the quotes she has been looking at are eye watering. She wants her mum's Fiesta (1.4L) but it's not a car in the lowest insurance group.

It's been suggested doing an advanced driving course like PassPlus will reduce the price as well as taking a limited mileage policy.

 

Yup. Daughter did Pass Plus, but not all companies will use it. Our Fiesta is 1.2 and we're still getting eye watering quotes

[Andrew_C]

I'm struggling to think why they wouldn't pay out

You can't? You've obviously not had much dealing with the Insurance Weasels.

Give them ANY excuse and they won't pay out. Their reason for existing is to make money for their share holders, not to protect you.

[stevejp]

When my step daughter bought her first car, we were initially just going to put her as main driver, and my wife as a named driver. However, we then found that it was cheaper to put me on as a named driver as well - I never actually drive her car, but putting me on as well as her mum brought the premium down quite a lot. Might be worth investigating?

[witch]

When our daughter needed a car for her year out, she bought a 1L and we put it on our multicar which brought the price down quite a lot. Both of us were on the policy with her but she was the main driver.

We are with Admiral

[arwen]

You can't? You've obviously not had much dealing with the Insurance Weasels.

Give them ANY excuse and they won't pay out. Their reason for existing is to make money for their share holders, not to protect you.

 

I claimed for an accident (my fault) and there was no issue. Insurance company couldn't have dealt with it better in my eyes.

 

In all my years of driving, and talking to other drivers. Insurance companies don't pay out due to people lying on their policy.

Be honest with them and they have no reason not to pay out. Unless of course it is a dodgy insurance company to begin with.

In which case, it is a simple case of doing your homework before paying them.

[webman]

Admiral do a "no claims bonus" accelerator where they count 10 months as 12. Might be worth looking in to? Bonus accelerator.

[speckytecky]

I'd recommend Admiral as well. My now, 22 year old has been with them a few years now and has one of their black box policies. She had a junction incident a few months back where the driver in front 'unexpectedly' stopped and my daughter just clipped the rear end of that car. Barley a mark on my daughter's car but enough to register on the black box and Admiral rang her straight away to ask if all was okay. The driver of the other car was behaving very suspiciously and without even trying it said the boot of her car was jammed. The other driver took details but said nothing about claiming or otherwise. Transpires that Admiral have now investigated and the other party look likes it's trying to play a fast one. So, I for one highly recommend Admiral as I'm not sure other insurers would have persued the case as well.

[AMLinington]

My first insurance policy was TPFT but last time I looked into those, they worked out more expensive than the Fully comp.

 

I strongly disagree with those 'Monitoring' widgets but having one of those can help young, relatively inexperienced drivers keep the costs down....

 

Although I wouldn't blame anyone for frothing at the mouth in rage over having their driving monitored. It's a bit too 'Big Brother is watching' for my tastes...

[Localtechie]

Just a tip for those black boxes I had them as the cheapest quotes when I started driving, but when you drive at night you immediately score the lowest for the day or in one case you had to pay extra as a result! This was a few years ago now though so not sure if the same rules apply, but I started work at 5 am and prevented me from getting one so check the T&C's carefully if you go for it.

[3s-gtech]

They seem to register many jolts or bumps as impacts from some feedback I've heard. Glad I didn't need one when I started - a 1983 Mini only does jolts and bumps (plus I used the handbrake mainly as a turning aid).

[sippo]

The only issue I can see, is that it doesn't monitor other drivers also on the road.

 

There are so many idiots on todays roads, as standards have definitely dropped, so these black boxes do not monitor this. If someone has to brake suddenly, how does the box know why the driver has taken evasive action.