Car insurance for young drivers

[chaz]

I'm soooo glad I learned to ride before all this insurance lunacy. At 18, I went from a CB100 to a 750 Turbo, and remember paying about £250 TPFT for the first policy on the Turbo. What's that in todays terms?

that depends on what year it was but here are some examples using average earnings

1970= £5,440

1975= £2,560

1980=£1,290

those were the days inflation running at 25 to 30% per annum my mortgage interest rate was 18.5% yes 18.5%

[Andy FZS]

Black Friday. .

[AdieR]

It used to be possible to get sensible-ish insurance prices on classic cars, even for youngsters.
Don't know if it's the same now, but it may be worth looking into.

The trouble is the "where there's blame there's a claim" attitude these days; that said, insurers don't help themselves either.
I had 2 non-fault claims (3rd parties policies paid out on both), and yet MY policy jumped up £30, WTF? "Oh well, you're x amount more likely to have a claim against you, because you have a non-fault claim" - seriously.
And we wonder, with insurance jumping up on any little excuse, why we're plagued with uninsured drivers.

[Tmation]

On the car front she is not bothered on style or age, you can get some expensive to run cars really cheap. I would be more than happy for her to have a bigger more solid car if we can get insurance.


I we are only spending a grand or so, I am happy to keep it safe to use until it fails the MOT or it becomes too expensive to repair, most new cars lose more than a grand in depreciation every year.


Was thinking of a new Ford as my dad used to work for them and can have 3 new cars a year on the discount scheme. Also you can get one on the option scheme, bung down a largish deposit, pay a few hundred quid a month and have a new car every year. The milage she would do would mean never having a service or buying tyres etc and the new car comes with a years tax.


I get back to the UK Tuesday, so I think I will trying going in person to a few brokers and see how that works.


One of the problems is we have a liverpool postcode, even though we live in Cheshire, I know from experience with bike insurance that it cost three times as much as my parents CM (rural Essex) postcode


Thanks for all the suggestions


Kev

[esetest]

Its not just the young ,i'm 48 , I used to insure my 2001 Green Astra Estate club 8v 1600, 4 miles up  the road at my parents rural address, but when I changed  the address the price doubled to over £500 . and that's third party fire and theft , I also have over 10 years ncb.

[taylor]

1000. that's not bad, that's about right, good luck been there done it with mine, :lol

[BBROWN1664]

Depends where you live but a lot of companies now are doing the black box stuff and changing around £1500 for a year fully comp.

[Lawrence]

First thing. Ford is a no no. So expensive to insure.

Not all of them.  If you're after something like a Fiesta ST it will be, if it's a Mondeo diesel then it'll be cheap(er).

Just start off with something cheap and shit for a year, get a black-box thing if it helps and if you get it under a grand you've done pretty well.  Also worth checking out both TPFT and fully comp prices.  For me (although I'm not a new driver) TPFT is more expensive than fully comp now.

[Frosties]

If you're looking at £3k for insurance then why not have a look at some of the "just add fuel" PCP type offers like the one from Peugeot.


Includes insurance and the like all in for about £200 a month. Run it for 2-3yrs and instant NCB. Not sure if there are age restrictions though - just a thought.

[mr self destruct]

This is why the apprentice in my dept. learned to ride. Passed his driving test at 17, and they wanted £7500 to insure an 8 year old Fiesta. He told me he did his mod 1 & 2, bought a 400 ninja and insured it all for about half that.


Plus, he says he gets 1 years NCB on a car for every 2 years accrued on a bike too, so it makes no financial sense not to ride a bike!

[BBROWN1664]

When my son was approaching 17 he spent a few hours with eBay, auto trader and go-compare. Having got details of ALL possible cars he could afford to buy he got insurance quotes. The cheapest to insure for him was a 1.6 Focus or a 1.25 Fiesta. This is because most chavs want clio and corsa so push the rates for these up. also, people assume small engines are cheaper but the 1.4 Focus cost more as did the 1.00 and 1.3 Fiesta.


Shop around and and do the homework BEFORE getting the car.

[fireblake]

When my son was approaching 17 he spent a few hours with eBay, auto trader and go-compare. Having got details of ALL possible cars he could afford to buy he got insurance quotes. The cheapest to insure for him was a 1.6 Focus or a 1.25 Fiesta. This is because most chavs want clio and corsa so push the rates for these up. also, people assume small engines are cheaper but the 1.4 Focus cost more as did the 1.00 and 1.3 Fiesta.


Shop around and and do the homework BEFORE getting the car.

Thats a good point. My lad found Fords unaffordable and went for the Pug. Sometimes waiting a month can make a difference too.

[BBROWN1664]

Fireblake, that's what he told you :pokefun

He didn't want an uncool Ford.