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[mantahatch]

My son has passed his theory test and is going for the practical test soon.
Have been checking insurance and whilst he was learning premium would be £860.00. When/if he passes the best insurance quote so far is £3300.00 for third part only on an unmodified Citroen Saxo 1.1.

Someone else posted about the cost of insurance recently, and I feel I owe them an apology for quoting the cheaper price, forgetting that my son only had provisional licence.

By the way spoke to decent broker and was told that females would only pay about half what males are being charged at the moment.

Suffice to say he will not be insuring the car, and driving will be off limits to him for quite awhile. I ponder what the knock on effects to employment etc. will be.

Are we going to end up with a generation who will not be able/willing to drive. Insurance companies will loose money long term, these people may be unemployabe, benefit bill to rise. etc.etc.

 

[Omega_Dan]

£3300 is excessive! The idiots out there that drive with no insurance and the high number of young male drivers that not only pose an additional risk in the eyes of the insurance company but every other driver on the road make it impossible for the new drivers to get their first car on the road. I reckon a good majority of new young drivers are careful and safe but sadly they are all branded the same. I went through a year of pain with my first car and it looks likely many other young male drivers will have to bite the bullet.

[mantahatch]

£3300 is excessive! The idiots out there that drive with no insurance and the high number of young male drivers that not only pose an additional risk in the eyes of the insurance company but every other driver on the road make it impossible for the new drivers to get their first car on the road. I reckon a good majority of new young drivers are careful and safe but sadly they are all branded the same. I went through a year of pain with my first car and it looks likely many other young male drivers will have to bite the bullet.

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The problem is he will not bite the bullet, I cannot afford to pay that. He cannot afford to pay that, and has stated to us even if he had the money he would not pay it. And I do not blame him.

[Omega_Dan]

I see what your saying as it is a lot of money to pay just to get him on the road. When i say bite the bullet i have 2 brothers and a sister ages between 18 and 24 and i remember them doing the same when they had their first although it was in the region of £1500 - £2000 for them. 

[Lizzie_Zoom]

At the moment I have a 49 year old female friend who is learning to drive, but is obtaining quotes for when she passes her test, for something like a Group 2 car.

She has been quoted £3,000 by the AA, and the cheapest quote so far is £1,100!!!

I have told her they are mad quotes, even the cheapest, and something must be wrong in what she is asking!

Surely she can get cheaper quotes than that?!

[mantahatch]

Lizzie, at age 17 I and my son would happily pay £1100.00 for him. I assume you friend has zero no claims bonus.

Insurance companies should load the cars that make the highest claims.

[aaronjb]

I'm guessing a 49 year old who has just passed their test is one of the statistical outliers for which the insurance companies don't have a lot of data to go on - which will load it pretty heavily..

Plus I'm going to take a stab in the dark and say their claims history (i.e. that demographic) probably isn't very good (based on how good my mother was at driving when she passed her test late in life!)


£3k for a newly qualified young male sounds crazy, though.. although ISTR my first insurance premium was >£1400 and I'd been driving for a couple of years (company cars) at that point.. all I wanted to insure was £800's worth of Nissan Bluebird, too not something fancy like a Saxo

(Then I went and did something silly and bought my first 300ZX - £1750, TPF&T!)

[mantahatch]

I'm guessing a 49 year old who has just passed their test is one of the statistical outliers for which the insurance companies don't have a lot of data to go on - which will load it pretty heavily..

Plus I'm going to take a stab in the dark and say their claims history (i.e. that demographic) probably isn't very good (based on how good my mother was at driving when she passed her test late in life!)


£3k for a newly qualified young male sounds crazy, though.. although ISTR my first insurance premium was >£1400 and I'd been driving for a couple of years (company cars) at that point.. all I wanted to insure was £800's worth of Nissan Bluebird, too not something fancy like a Saxo

(Then I went and did something silly and bought my first 300ZX - £1750, TPF&T!)

I kid you not, this car has manual locking, manual windows, hub caps no air con. A massive 8 valves. It is the most basic car going, the only switch on the dasboard is for the hazard lights 

[Omega_Dan]

Suprisingly the saxo insurance group is quite high for a small car. the lowest one being group 4. Most others are 2 -3. Weirdly the peugeot 106 (same chassis, engines ect) is only group 3 insurance.

[Omega_Dan]

Edit... I think the saxo 1.1 forte or the very basic one (1.1 x) up to 1999 then the 1.0 First may be a group 3 . Pretty sure its just the 1.0 which is group 3 though.

[Kevin Wood]

What you really want is a car that's got so little street-cred that a young driver wouldn't be seen dead posing in it.

Kevin (first car: Morris Ital estate)

[Omega_Dan]

What you really want is a car that's got so little street-cred that a young driver wouldn't be seen dead posing in it.

Kevin (first car: Morris Ital estate)

Just look at top gear, volvo Est, Golf Match and Hyundai S Coupe

[aaronjb]

What you really want is a car that's got so little street-cred that a young driver wouldn't be seen dead posing in it.

Kevin (first car: Morris Ital estate)

Heh - Austin Allegro! (Not brown, thank god) Got away with driving that on my Granddad's instructors insurance though.. er.. and by 'got away with' I mean I wouldn't try that trick now :-/

[bigegg]

When I passed my test (a whole 10 years ago, at 28!) I found "highway" were by far the cheapest insurance for my 2.0 carlton estate (first car - £1200 tpft)

I'm currently insuring a 23 y/o driver with 6yrs experience, 0 NCD and 3 pts, as a 2nd driver on my transit for an extra £600 - making my premium 1300 pa fully comp with class 1 business.
Might be worth investigating something along those lines?

[joshwyatt]

My first car was a 2002 2.2 CDX Omega when I was 18, I'm now 20.
I used to pay £340 per month, then it went down to £124. And, not forgetting it's a group 13 vehicle.
My current Omega, a 2003 2.6 Elite saloon will be due private insurance from the 20th of Nov. That will be circa £1500 p/a. I currently pay £6000 p/a for my motor trade insurance, which in comparison is pretty good value. It allows me to drive anything up to 3.5 GVW.
Try doing this,
Elephant.co.uk, and add you and your wife to his policy, this will dramatically reduce the premium. I added my parents as infrequent drivers of my vehicle, and it came down by over £600. It's worth a try