[Finance] Car Insurance for 17 Year Old

[Sirnormangall]

Timely

Am I being naive in thinking all I have to do is call my insurers and tell them I'll be giving Jnr some Sunday morning top up lessons on my 'fully comp - a bazillion years of NCB' policy and everything will be lovely?

Or will it cost me an unprecedented amount of cash.

My insurers I’ll only put junior on my policy for 6 weeks at a time for £230! He has yet to pass his test so I’m hoping for more lenient treatment when he does - or a lottery win.

 

[WATFORD zero]

My insurers I’ll only put junior on my policy for 6 weeks at a time for £230! He has yet to pass his test so I’m hoping for more lenient treatment when he does - or a lottery win.

Unfortunately, it will go up when they pass. See my post above and start shopping around Insurers. I would start with Insure the meerkat and Go Compare simply because they have the most annoying adverts. Sorry

 

[METALMICKY]

Apologies for taking off a little tangent but just wanted to check the insurance savvies on here.

Whilst my wife was out in my pride and joy today she got rear ended by someone in a huge works van. Ostensibly no problem as they were very polite and happy to admit fault.

Now here's the rub. My pride and joy is only a 2010 Mazda but was in immaculate condition and critically it has ridiculously low mileage of only 30,000. I changed jobs a few years back and don't commute and wife's big car is used to cart kids about. Unfortunately, it's not just my bumper whacked but a sizeable dent in the boot area and damage to light cluster. I'm no expert but extent of damage has me worrying it will get written off.

In respect of any write off value will the insurance company take much notice of extremely low mileage and great condition? Or will they just give bog standard book price?

 

[studio150]

My main concern is "The main insurance covers the vehicle" - does this mean that if there is a crash and he is driving, the vehicle is not actually covered and they may not repair it?

You would need to either read the policy wording or speak to the Insurer to explain in more detail.

I would expect that given that they know that there are two policies operating they are only taking the risk while your son is using the vehicle, so that if the vehicle is damaged outside your home overnight or stolen, then they would expect the maim policy to pick up the risk, and if the vehicle was damaged while your son was using the vehicle then they would cover the vehicle.

 

[drew]

Apologies for taking off a little tangent but just wanted to check the insurance savvies on here.

Whilst my wife was out in my pride and joy today she got rear ended by someone in a huge works van. Ostensibly no problem as they were very polite and happy to admit fault.

Now here's the rub. My pride and joy is only a 2010 Mazda but was in immaculate condition and critically it has ridiculously low mileage of only 30,000. I changed jobs a few years back and don't commute and wife's big car is used to cart kids about. Unfortunately, it's not just my bumper whacked but a sizeable dent in the boot area and damage to light cluster. I'm no expert but extent of damage has me worrying it will get written off.

In respect of any write off value will the insurance company take much notice of extremely low mileage and great condition? Or will they just give bog standard book price?

When valuing a car, mileage and condition is taken into account. Not sure what they use now but Insurers always used to use Glass's guide (which wasn't available to general public) but you can get a free valuation from Parkers online.

https://www.parkers.co.uk/car-valua...DHfnz09DfUoijKev2orUM2y7y-Ika-sBoCAD4QAvD_BwE

 

[drew]

The £750 is for him on a separate policy on our car. Am going to try a company called Adrian Flux who also do young drivers insurance and see what they say.

I see, sorry, misread a post thinking you were insuring his car.

From what you are saying, if he has an accident whilst driving your car then Marmalade, provided it's fully comp, will pick up the tab. Saga won't cover anything as they don't insure him to drive. Have you considered just getting him an old banger (less than a grand) and having his insurance just for that. Run it for a year or two and then his premiums will come down a lot. However, if he's planning to go to Uni in a years time then probably not worth it as you wouldn't want him to have a car there.

It's extremely unusual to have two policies covering one car and I suspect that Saga might not like it as there may be temptation not to be truthful about who was driving if there was some damage (ie claiming on the policy with the cheapest premium!). Not saying you would but if you did try and cheat the system and got found out that would affect all policies you take out in future as insurers share that info. That means your household, travel probably even pet insurance premiums would be higher!

 

[drew]

Unfortunately, it will go up when they pass. See my post above and start shopping around Insurers. I would start with Insure the meerkat and Go Compare simply because they have the most annoying adverts. Sorry

Exactly. When they are learning, they have to have an experienced driver next to them who is responsible for the vehicle. Once they pass they can go out on their own so are a greater risk.

Agree about the comparison websites however always uncheck the search to include policy that the comparison websites can't set up for you. Also, companies like Direct Line and Aviva don't tend to subscribe to the comparison websites so go direct to their websites for a quote.

And check premiums every single year!!!!

 

[spence]

My son passed his driving test today - hoorah! Now for the insurance. Anyone used Marmalade? He will drive our car and they are quoting £750 for the year which seems pretty good. If we want to pay monthly, they say we have to take a loan out with Premium Credit - is that usual? Will this affect our own car insurance which is with Saga. Thoughts and advice most welcome.


Superb age to pass your test. Wish I did at that young age. The fun you could have back then.. Well done him.

 

[zefarelly]

If I guess right, and it's an mx5, there are plenty of specialists dealing with them now so getting an apprpriate valuation, and repairs done shouldn't be too hard. The option should exist, with a little 'conversation' to keep the car and get a payout to get it repaired. Dig your heels in and don't give up.

FWLIW I'm in a similar position with an '03 SUbaru, took me months to find a one owner low miles 2.5 manual with one dealer FSSH . . . . Its mint and lovely, I've had 3 and its just a brillian tall rounder. But an old banger for them . . . . With a tow bar, double din upgrade,new boots and a major service
Its cost me more than they would cough. I may look at specialist insurance next year as it will be 20 years old!

Apologies for taking off a little tangent but just wanted to check the insurance savvies on here.

Whilst my wife was out in my pride and joy today she got rear ended by someone in a huge works van. Ostensibly no problem as they were very polite and happy to admit fault.

Now here's the rub. My pride and joy is only a 2010 Mazda but was in immaculate condition and critically it has ridiculously low mileage of only 30,000. I changed jobs a few years back and don't commute and wife's big car is used to cart kids about. Unfortunately, it's not just my bumper whacked but a sizeable dent in the boot area and damage to light cluster. I'm no expert but extent of damage has me worrying it will get written off.

In respect of any write off value will the insurance company take much notice of extremely low mileage and great condition? Or will they just give bog standard book price?

 

[spongy]

The Premium Credit side of things is fine. I have to use it to pay monthly for my insurance. No scam there at all.

 

[KZNSeagull]

I see, sorry, misread a post thinking you were insuring his car.

From what you are saying, if he has an accident whilst driving your car then Marmalade, provided it's fully comp, will pick up the tab. Saga won't cover anything as they don't insure him to drive. Have you considered just getting him an old banger (less than a grand) and having his insurance just for that. Run it for a year or two and then his premiums will come down a lot. However, if he's planning to go to Uni in a years time then probably not worth it as you wouldn't want him to have a car there.

It's extremely unusual to have two policies covering one car and I suspect that Saga might not like it as there may be temptation not to be truthful about who was driving if there was some damage (ie claiming on the policy with the cheapest premium!). Not saying you would but if you did try and cheat the system and got found out that would affect all policies you take out in future as insurers share that info. That means your household, travel probably even pet insurance premiums would be higher!

Morning, thanks for this. Can't really afford to run two cars at the moment but Marmalade are saying that he will accrue NCD on this policy. It is one of these black box insurance things so they will track his driving on an app so that could be interesting and as his learner insurance has expired today, they are offering 10% off. Will probably go for it but will speak to this other company first as well.

I would love to know if anyone else has done it though!