Teenagers Car Insurance

[SussexHoop]

My son passed when he was 19. For reasons I won't bore you with he had to delay getting a car for a few months and when he started looking again, his quotes had gone from £12-1400 up to best part of £2000. Next few months saw them rocket again and for a half decent car he was being quoted anything from £3500 upwards.

Once he had had a licence for a year (even though no driving experience) and he turned 20 his quotes went back down to the £2000 mark. In the end we got it for just under £1600 with Aviva with £50 cash back via quidco with me as a named driver. That is for a Citroen C4 1.6.

 

[Kuipers Supporters Club]

What age are you , what car, which company ?

17
1.2 KA
Aviva i think - on mums insurance though mind!

 

[Nottseagull]

Expert advice there and I agree 100%. In fact maybe teenagers should be banned from having anybody under thirty in their cars until they have been driveing for two years accident free.

Does that mean teenaged girl drivers would start looking for 30+ boyfriends?

 

[Cian]

Quinn are the specialists for this here and in NI so I assume they're going to be cheap enough in the rest of the UK.

They are, however, the worst bastards in the world to deal with if you've got a claim of any kind. I said I'd never use them again, however they're coming in by far the cheapest for me - ~£770 for what a couple of other insurers class as a "performance" (yeah right) car. I've now found a price on my integrity, its about £300

 

[Cian]

Should add though that Quinn are in administration and the likely takeover is by the Irish govt. Which may as well be in administration...

 

[samtheseagull]

18 year old daughter just passed her driving test this morning and has money left to her by her gran to get a car.

We are slowly discovering the astronomical price of teenagers car insurance. Anyone got any recommendations for good companies?

if its too much money you could put her on your insurance?

 

[Garage_Doors]

17
1.2 KA
Aviva i think - on mums insurance though mind!

Thank you.

 

[pasty]

I AM f***ing LIVID !!!!!!!

Finally sorted insurance for her, she's had the car three days and last night some horrible little fuckwit obviously thought it might be funny to smash a couple of rear windscreens down the road. And hey, guess what, because the policy is only 3 days old, shes not bloody covered. Apparently the policy does not cover anything in the first 27 days. Now what the f***ing hell is the point of that I ask you?

Insurance is a complete f***ing joke

rant over

 

[British Bulldog]

Insurance is a complete f***ing joke

Tell me about it, My 18yr old lad has just passed his test and the prices we're being quoted on a basic 1.0 litre car is nothing short of scandalous and I cant see any justification for it other than sheer greed by the insurance companies. Yeah sure there are some youngsters out the who are complete idiots on the roads but there's also some good young drivers out there as well so why penalise them all.

 

[Garage_Doors]

Tell me about it, My 18yr old lad has just passed his test and the prices we're being quoted on a basic 1.0 litre car is nothing short of scandalous and I cant see any justification for it other than sheer greed by the insurance companies. Yeah sure there are some youngsters out the who are complete idiots on the roads but there's also some good young drivers out there as well so why penalise them all.

My 18yr old lad passed a few months ago, and has NCB on motorcycles but they don't count that, best i have found on a basic 1.0 is £3,600 have you found any better ?

 

[Garage_Doors]

I AM f***ing LIVID !!!!!!!

Finally sorted insurance for her, she's had the car three days and last night some horrible little fuckwit obviously thought it might be funny to smash a couple of rear windscreens down the road. And hey, guess what, because the policy is only 3 days old, shes not bloody covered. Apparently the policy does not cover anything in the first 27 days. Now what the f***ing hell is the point of that I ask you?

Insurance is a complete f***ing joke

rant over

Not sure that is legal ? Paying for something for 27 days with no cover how much did you pay and who with ?

 

[Springal]

Not sure that is legal ? Paying for something for 27 days with no cover how much did you pay and who with ?

We do IT maintenance / break fix contracts at work, and we have a 28 day period before you can claim. Basically to stop someone covering a £4k item that is knowingly broken, for say £1k, just to get a replacement, so defo legit

 

[Springal]

I AM f***ing LIVID !!!!!!!

Finally sorted insurance for her, she's had the car three days and last night some horrible little fuckwit obviously thought it might be funny to smash a couple of rear windscreens down the road. And hey, guess what, because the policy is only 3 days old, shes not bloody covered. Apparently the policy does not cover anything in the first 27 days. Now what the f***ing hell is the point of that I ask you?

Insurance is a complete f***ing joke

rant over

I'd have thought for sake of no claims, would be better to pay out of own pocket, rather than claim off insurance ?

 

[British Bulldog]

My 18yr old lad passed a few months ago, and has NCB on motorcycles but they don't count that, best i have found on a basic 1.0 is £3,600 have you found any better ?

About £3k is the best so far.

 

[Since1982]

Tell me about it, My 18yr old lad has just passed his test and the prices we're being quoted on a basic 1.0 litre car is nothing short of scandalous and I cant see any justification for it other than sheer greed by the insurance companies. Yeah sure there are some youngsters out the who are complete idiots on the roads but there's also some good young drivers out there as well so why penalise them all.

I understand the frustration but how do you propose an insurance company distinguishes the dangerous from the sensible without any experience of their driving record? And to your point on greed, I'd agree if only for the fact that motor insurance is a decidely unprofitable business to be in at the moment and has been for some time.

 

[Garage_Doors]

I understand the frustration but how do you propose an insurance company distinguishes the dangerous from the sensible without any experience of their driving record? And to your point on greed, I'd agree if only for the fact that motor insurance is a decidely unprofitable business to be in at the moment and has been for some time.

Ever heard of an insurance company going bust , bit like asking to find a poor bookmaker.

 

[Since1982]

Ever heard of an insurance company going bust , bit like asking to find a poor bookmaker.

Those specialists in low price motor cover for young drivers....Quinn?

No doubt insurance companies can be very profitable but not from selling motor.

 

[British Bulldog]

I understand the frustration but how do you propose an insurance company distinguishes the dangerous from the sensible without any experience of their driving record?

I would've thought it was quite simple you penalise the drivers who pick up points on they're licence or cause accidents, Not penalise them all before they've even started driving. In my nippers case he's passed a test because he needs a car for his new job and without it he could'nt have the job, All it shows him is you get penalised for trying to better yourself in life.

 

[Since1982]

The following shows where the problem is and we all pay for it, not just young drivers...

LONDON – Tuesday 26 October, 2010 – The UK personal motor market will remain unprofitable until at least 2015 according to a new survey of leading UK insurers by Towers Watson. The next five years of forecasted poor performance is being driven by a 30% annual increase in the cost of fraudulent claims† and an over-reliance on pricing in an increasingly competitive sector.

Ryan Warren, who leads Towers Watson’s pricing and product management practice across EMEA, said: “Ten years ago, the best insurers differentiated themselves from the worst on the strength of sophisticated pricing systems and underwriting to spot profitable niches. Fraudulent crash-for-cash claims continue to spiral out of control, highlighting the critical role claim management has to play in today’s marketplace.”

Third-party bodily injury claims have almost doubled in ten years as a result of an increasing number of claimants per claim and a more aggressive claim management industry, despite a dramatic fall in the number of accidents‡ over the same period. FSA returns show an industry loss ratio of 100% and a combined ratio in excess of 120% for 2009 driven by an estimated 30,000** fraudulent accident claims for the same year.

 

[Since1982]

I would've thought it was quite simple you penalise the drivers who pick up points on they're licence or cause accidents, Not penalise them all before they've even started driving. In my nippers case he's passed a test because he needs a car for his new job and without it he could'nt have the job, All it shows him is you get penalised for trying to better yourself in life.

Nice idea but there is not a class of insurance that operates like this anywhere as far as I know. Initial price is based on the real data that comes from years and years of providing this sort of cover and allows reasonable assumptions on risk to be assessed by age,gender, car, postcode etc. Its up to the driver to prove themselves by earning a NCB and of course those who do pick up points etc get higher premiums in year 2 and beyond. My young lad was in the same situation so I do understand but really the issue is less with the insurers and more with the claims managament companies plus the recklessness of many young drivers.