Ok, so im at that time where I am in need of car, I havent passed my test yet so I still have some time, although it is booked and I should pass first time.
Finding a car is easy enough the hard bit it getting reasonable insurance for it. The cheapest i have found for a 17 year old male with no no claims bonus is Ã,£2700 which is ridiculous for a 988cc Citreon C1. (An insurance group 1 car!)
Everywhere I look im getting quotes for Ã,£3/4k, if someone knows somewhere for cheap car insurance or knows a car that is cheap to insure please let me know.
Car Budget: Ã,£3000 maybe a tad more
Insurance Budget: Ã,£2000
Thanks in advance
We have a "trick" in Malta.
Basically, you register the car and insurance under your parents name, then they add your name to the "can be driven by" list.
I have no idea if this sort of "loophole" exists in the UK though; so you'll have to check.
But honestly, with those kind of prices I'd prefer buying a scooter or using a bus instead of paying those asses that kind of money.
That 'loophole' exists, but I wouldn't advise it. If you get caught, you'll get pulled in and your insurance will be void.
My 17 year pays Ã,£2400 for a Ã,£1k 1.6 Astra. There is no cheap easy way. Buy a crap car, small engine (1.0, <Ã,£1k) and suck it up for a year or 2.
Quote from: Benny;319192That 'loophole' exists, but I wouldn't advise it. If you get caught, you'll get pulled in and your insurance will be void.
Benny, how can the insurance be void if you are on the drivers list of that car?
The car would be insured and you are legally allowed to drive it.
My god that's a huge premium! It makes my Ã,£300 fully comp seem like a drop in the ocean. Am I really ten times less likely to have an accident in my car than you are? Sounds unlikely. I suppose the only thing you can do is buy a cheap car and insure it 3rd party only until you build up a few years NCB as suggested.
I'm not sure about Benny's comments. It would depend on the wording of the policy. If it made no requirement that the main insured person drove a certain percentage of the miles then I guess it would be OK. However I think Benny's right as I cannot imagine the insurance companies would have left such a big hole in their policies. I think most insurance companies have a no under 21 or 25 policy when it comes to named drivers? Could be wrong.
Use a throw away e-mail address and get quotes from those price comparison sites, just never give them a real e-mail address as I believe they tend to spam the crap out of you as soon as you get a quote.
Have you tried with your parents as named drivers on the policy?
Pass plus reduces the premium so do that straight after your test!
I paid around Ã,£1500 for my first policy.
Definitely build up your own no claims with your own policy though with your parents as named drivers.
If you go as a named driver on there's you will have to pay this sort of premium eventually anyway when you have your own so you may as well do it now!
How does the no claim system work in the UK. Does the car build up the bonus or the driver?
When I added my name on my dad's van, we had to pay a bit extra and we still benefited from the no claim on the van.
Basically, what I'm saying is try to use your parents no claim until you're 25-26 then the cost of insuring goes down drastically. Then you can start building your own.
I used to pay around 350-400 sterling for a fully comp insurance with a 60% ncb @ 19yrs. Now it's around 300-350 ish euros afaik.
Quote from: smilodon;319196Use a throw away e-mail address and get quotes from those price comparison sites, just never give them a real e-mail address as I believe they tend to spam the crap out of you as soon as you get a quote.
33 E-mails today.
Also, tried putting my mum as the named driver and me as a +1 still came out roughly the same, I think the insurance companies have cottonened on to these "loop holes" i'll try another site
Edit: Does anyone know a cheap car to insure?
http://www.thisismoney.co.uk/insurance/car/article.html?in_article_id=424629&in_page_id=35
and numerous other references, but don't take my word for it. Try it.
Quote from: Gorion;319194Benny, how can the insurance be void if you are on the drivers list of that car?
The car would be insured and you are legally allowed to drive it.
This pretty much sums up how my insurance hunt is going.
1.2L Fiat Punto (Which google says is one of the cheapest cars to insure)
(http://i249.photobucket.com/albums/gg217/Jewellsy/Carinsurance.jpg)
I cant imagine that a years taxi fares would any where near the prices quoted.
Good luck Jewelzy.
And here I am moaning that LV want to charge me Ã,£165.10 for fully comp
Ouch.
I didn't start driving until I was 21, and still got stung for Ã,£1600.
I know a few people who had 1ltr Nissan Micra's as their first car, so they might be worth a look.
6.2k per annum?
That's simply insane, don't pay anything over 1k. Robbery straight in the face.
@Benny, I wouldn't believe anything written by an insurance advert.
Check the article of the law.
Common sense would be that if a person is insured then it's insured; since to be insured the insurance will ask for the allowed drivers ID/license they will know the age. Ergo, they would have accepted the "fronting" and agreed to a contract.
Edit: Googled fronting and an article came up with something interesting:
"The only problem here is that you are not supposed to really do that. Why? Because the car is in your name and you will be using the car most of the time"
So, what happens if the car and insurance are in your parents name and you are added as an additional driver?
Also, how will they know whether you use the car most of the time or not?
Gorion, where the loophole trips up is that for the insurance to be in the name of a parent then they have to be the main driver. If the main driver is the child then there's your problem and the insurance is nul and void. It's fraud.
http://www.bbc.co.uk/news/10241769
http://news.bbc.co.uk/1/hi/programmes/moneybox/7052569.stm
Truth is, it makes not the slightest difference to me. Front away if you feel inclined. As a parent the idea of my son hitting someone else and potentially injuring someone and not having insurance worries me.
I've had three accidents in over 15 years of driving, all three before I was 21. (I'm not counting the driving into my garden gate to open it because it was raining).
The risk is yours to take, you could happily get away with it. You could end up with 6 points and a higher premium. You pays your money, you takes your choice.
I'm not an insurance salesman, I'm also not a lawyer, but given that most parents have their own car you can take a rough stab at how long it would stand up....
"You state that you are the main driver of this car and your son borrows it"
"Yes"
"Then what's this other car?"
"Um.....that's my...er.....weekend car?"
If this is a second car on the family insurance it will be based on the youngest driver, so my wife tells me who worked in isurance for 11years.
In the UK the no claims discount goes with the driver not the car, so anyone who drives on someone else's insurance will not be building up any NCD. I'm sure that R@ngers is right and that as soon as you add a young driver the premium gets bumped. As for the Ã,£6000 quote from Admiral I think that is them simply not wanting to cover a young driver, so they price themselves out of the market.
I'm afraid it doesn't get much better - I'm (a little over) 30 and was getting quotes for around a grand with no no claims and 13 years experience...
I see you were looking for 3rd party? Try fully comp as it (i know this sounds odd) often works out cheaper!
got my 1st car at 21 ( cavilier 2.0 sri) and paid 800 for 1st year, when 3rd party only. After that 1st year the fully comp was then the same price. Ive always had group 14 ish cars and my insurance has been around 400 for the last 8-10 yrs (fully comp). it doesnt always get cheaper with age but it will level out eventually.
As for your problem you could end up paying 400 a month, or you could also have a look here, they specialise in deals for new cars and young drivers, found it on the msn uk website
read here http://cars.uk.msn.com/news/articles.aspx?cp-documentid=147862729 (http://cars.uk.msn.com/news/articles.aspx?cp-documentid=147862729)
look here http://www.youngmarmalade.co.uk/ (http://www.youngmarmalade.co.uk/)
might be worth a look
Very interesting site Sulky! The insurance is cheaper for fully comp, but that is my only option. Most of the cars on there are coming in at around the Ã,£3000 figure to insure and Ã,£5-10000 to buy (bought over 5 years) which is probably the best choice for me at the moment.
However finding insurance under Ã,£2000 would be much more ideal, even if its not a decent car.
If I remember correctly my first years insurance (i was 18) was about 1.2-1.3k 3rd party, once you get a few years no claims then it does start to drop but the big drop is when you hit 25, think my insurance was Ã,£400 ish fully comp when i turned 25 (7 years ncb), its gone up a little now with a change of car but i still think its reasonable Ã,£600 a year for a RX8 231. A friend of mine had 4 years NCB and then had a crash, his insurance on a focus went from ~Ã,£500 to ~Ã,£1900 then ~Ã,£1200 after one year and so on.
my point being, its a pain but its one you have to endure till you have at least 3 years NCB and are over 25.
I'd happily pay Ã,£1.2k for 3rd party if i could get it
What others have said really mate - fronting is bad and if /when you get caught you'll be screwed. Best advice is to get a group one car and do everything you can to minimise the risk (where possible). i.e. Keep if parked on a drive (or preferably in a garage) and make sure it's a gruop one car:
This is interesting and lists the possibles:
http://www.thisismoney.co.uk/bargains-and-rip-offs/motoring/article.html?in_article_id=510306&in_page_id=53949
Try shopping around the smaller insurance companies rather than the Admiral, Direct Line etc. a smaller insurance company may give you a better offer. It's also worth trying an insurance broker.
GL
I haven't read all the posts so sorry if I'm repeating what others have said.
I have built up a no claims discount with Direct Line by being a named driver on my parents insurance. In fact I just got my own insurance this year. Somewhere around Ã,£700 for fully comp with them. That includes breakdown any some other extras on a N reg Jeep Cherokee 2.5TD.
It seems a lot cheaper to go for a car that the insurance companies don't expect you to drive that the typical young persons cars.
My advice, if you've not got a car yet...don't. Ask for quotes from the insurance company before buying anything. And get soemthing they don't expect that's not overly powerful. My Renault Laguna 2.2 was cheaper than my Citroen ZX, and my Discovery 2.5TD was cheaper still, but my Honda Accord 2.2TD was more expensive. Xantia 2.1 Estate was cheaper to insure than the saloon version I got afterwards.
Though all that pretty much requires you to pass your test to give you a sensible choice of engine sizes.
Until you pass you are better off as a named driver even though you're not collecting a no claims bonus. Your quotes should be less than half what they are individually, and once you pass the price drops significantly, so Ã,£3K + (1K -10% NCD) is much more than 1.5K + 1K. And since you can't drive without an adult in the car it doesn't make sense to have your own policy.
Of course setting your excess up improves things, but above Ã,£500 total excess it sometimes has the opposite effect, so play with these values. Also tick on and off all the legal protection etc, see what effect these have, they're not always extra.
That's all I can think of for now.