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Oct 26, 2010 18:58:50 GMT
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My oldest son is 17 soon and needless to say he's already bugging me for a car. I sold my daily driver this weekand the buyer offered me a Toyota Yaris in part exchange, thinking this would be a good car for my son to have as a first car I took it. It's a bog standard, 10 year old, 998cc Yaris, probably worth no more than £1500. I left him today searching for quotes on line for insurance in his own name as a learner driver for this car. I was gob-smacked at the replies he got. Cheapest quote for a 17 year old boy in a poxy little Yaris was nearly £5000 Started looking for quotes for him for a retro vehicle of similar value and couldn't believe the difference in prices. 1975 Mini 1000 - £1400 fully comp 1972 Beetle 1300 - £1600 fully comp How do they justify the quotes for the Yaris ??!! Looks like I'll be in the market for another Retro soon (I'm not letting him drive my TR7 or Mini Cooper ) Can anyone recommend a specialist insurer for young drivers in old cars? PS. Anyone want to buy a Toyota Yaris
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Currently driving a '68 Karmann Ghia as my daily. Don't ask about previous cars - there have been way too many and I stopped counting at 160!
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tri
Posted a lot
Posts: 2,572
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Oct 26, 2010 19:05:03 GMT
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An unfortunately completely unhelpful answer incoming: Just as well the Yaris insurance is so expensive, as driving a Yaris is literally the most terrifying experience of my life. I had one for just under a month as a courtesy car and feared for my life every day... and I've driven some real shitters in my time. On topic: I found it quite hard to find specialist insurance for old cars before the age of 21 too, they don't seem to like them. There's always ads for specialist insurance for young'uns in the back of things like Max Power if you can bare to look at it? Just a thought.
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Last Edit: Oct 26, 2010 19:07:24 GMT by tri
I forgot how to retro...
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Oct 26, 2010 19:05:27 GMT
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700 quid and I'm doing you a favour
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Ryannn
Posted a lot
Posts: 2,421
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Oct 26, 2010 19:49:44 GMT
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Mine's gone up quite alot recently, I'm 20... My gf is 20 too and she's taking her test soon, she wanted a mk2 golf... no chance... they want nearly £2000! I jokingly suggested a reliant robin... £1300...
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speedy88
Club Retro Rides Member
"Nice Cortina mate"
Posts: 2,296
Club RR Member Number: 118
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Insurance for young driversspeedy88
@speedy88
Club Retro Rides Member 118
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Oct 26, 2010 20:10:31 GMT
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For young drivers I've always found local small insurance companies are best. LV used to be good but I think times have changed
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Oct 26, 2010 20:23:59 GMT
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we rented an aygo once, never again.
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1985 Bedford CF2 camper 1991 Volvo 240 Turbo
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skinnylew
Club Retro Rides Member
Posts: 5,617
Club RR Member Number: 11
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Insurance for young driversskinnylew
@skinnylew
Club Retro Rides Member 11
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Oct 26, 2010 23:24:30 GMT
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Its a real nightmare getting insurance for younger drivers these days. My sister puts my mums policy up by over £500 as a very occasional user (she's away at uni) and my mum's policy is limited mileage as well. Crazy.
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insurance has gone up this year for alot of people, mine was 440, then they asked for 870 ! i got them back down to 560 but i lost my drive other cars extension
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My son is 17 and taking driving lessons. The Triumph Herald he has sat on the drive will cost him £576/year TPF&T to insure when he passes. Random quotes and a bit of questioning led me to believe that pre-75 mainstream classics with a big owners club (which you have to be a member of) will get you that low rate. Footman James is the insurer - but don't tell everyone.
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From what I've found it is linked to the value of the car. As classics are precieved to be worth less than a modern the insurance seems to be cheaper. However, you won't get specialist Classic Car insurance because no one seems to offer those polices to anyone under the age of 21. For my first two years of motoring I was a named driver on my dad's policy. This year at the age of 20 I was able to insure my Skoda Rapid for £1200 fully comprehensive - but then I do have 3 points. To make insurance cheaper a larger excess works as does going fully comprehensive; it's worth checking. When I got the Sporting [insurance group 7] it was going to be about £2000 to insure. I got on the blower to Elephant and took out a Multi-Car Policy insuring both the Skoda and the Fiat for £1400. Both cars fully comprehensive and cover on both cars for me and my girlfriend (also 20). Can't beat it!
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tofufi
South West
Posts: 1,458
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From what I've found it is linked to the value of the car. As classics are precieved to be worth less than a modern the insurance seems to be cheaper. However, you won't get specialist Classic Car insurance because no one seems to offer those polices to anyone under the age of 21. I got on the blower to Elephant and took out a Multi-Car Policy insuring both the Skoda and the Fiat for £1400. Both cars fully comprehensive and cover on both cars for me and my girlfriend (also 20). Can't beat it!Actually, I suspect it's because drivers who care about their cars are unlikely to write off a car that classic insurance is cheaper. I've been insured (main driver) on various classic car policies from the age of 17, too. At the moment, my insurance (at the age of 21), on a Rover 3500 P6 with engine and gearbox mods is £500 fully comp on a classic policy.
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Last Edit: Oct 27, 2010 8:07:18 GMT by tofufi
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What company offered you classic policies under 21?
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tofufi
South West
Posts: 1,458
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Footman James, on a VW 1300. I had a motorhome policy with Adrian Flux on a VW camper, too. I think Lancaster will insure under 21s too. I just phoned round every classic insurer I found.
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tri
Posted a lot
Posts: 2,572
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Oct 27, 2010 10:47:48 GMT
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Footman James, on a VW 1300. I had a motorhome policy with Adrian Flux on a VW camper, too. I think Lancaster will insure under 21s too. I just phoned round every classic insurer I found. I never bothered calling FMJ or Adrian Flux until my 21st, as it says on their websites not to bother lol. Should have ignored them!
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I forgot how to retro...
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speedy88
Club Retro Rides Member
"Nice Cortina mate"
Posts: 2,296
Club RR Member Number: 118
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Insurance for young driversspeedy88
@speedy88
Club Retro Rides Member 118
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Oct 27, 2010 10:53:14 GMT
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Another trick is get a classic policy with low mileage (5k perhaps). Then if anything does happen the amount they will charge you for the extra miles you've done is still less than what you'll save by taking out the policy.
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Oct 27, 2010 11:05:31 GMT
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My oldest son is 17 soon and needless to say he's already bugging me for a car. I sold my daily driver this weekand the buyer offered me a Toyota Yaris in part exchange, thinking this would be a good car for my son to have as a first car I took it. It's a bog standard, 10 year old, 998cc Yaris, probably worth no more than £1500. I left him today searching for quotes on line for insurance in his own name as a learner driver for this car. I was gob-smacked at the replies he got. Cheapest quote for a 17 year old boy in a poxy little Yaris was nearly £5000 Started looking for quotes for him for a retro vehicle of similar value and couldn't believe the difference in prices. 1975 Mini 1000 - £1400 fully comp 1972 Beetle 1300 - £1600 fully comp How do they justify the quotes for the Yaris ??!! Looks like I'll be in the market for another Retro soon (I'm not letting him drive my TR7 or Mini Cooper ) Can anyone recommend a specialist insurer for young drivers in old cars? PS. Anyone want to buy a Toyota Yaris I'm glad this has been bought up. My son (17) is in a similar predicament and the cheapest insuarnce he's found so far is £4,300 on a flipping 1995 Micra 1.0. Rather laughably one place quoted over £13,000. Edit: Disasterbus can you please let me know who quoted £1400 for the Mini as my lad is keen on of those? Cheers.
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Corsa Apology Champion 2014.
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Oct 27, 2010 11:29:38 GMT
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Another trick is get a classic policy with low mileage (5k perhaps). Then if anything does happen the amount they will charge you for the extra miles you've done is still less than what you'll save by taking out the policy. I'd be cautious about this, because if they consider that you never intended to cover only 5,000 miles then you have failed to use utmost good faith in agreeing to the terms of the policy and as such they have every right to make no payout at all.
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Fungus
Part of things
Posts: 960
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Oct 27, 2010 11:36:40 GMT
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I was talking to a mate who's really into landrovers the other day, he says that at his 110 defender td4 was £300 on his dads policy Night not be the coolest car in the world to a 17 year old though
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Oct 27, 2010 12:10:42 GMT
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I was talking to a mate who's really into landrovers the other day, he says that at his 110 defender td4 was £300 on his dads policy This is called "Fronting" and is illegal (insurance fraud) Paul H
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tri
Posted a lot
Posts: 2,572
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Oct 27, 2010 12:19:39 GMT
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I was talking to a mate who's really into landrovers the other day, he says that at his 110 defender td4 was £300 on his dads policy This is called "Fronting" and is illegal (insurance fraud) Paul H There is no way on EARTH most 17 year olds can afford to insure their first car under their own name. For that matter, most families can't afford £3k a year or more as a gift to their offspring either. The fact of the matter is the insurance companies force a vast majority of new drivers into using their parents' policies by charging obscene amounts. It's either that or don't bother getting insurance and pay the (MUCH CHEAPER) police fine if you get caught. The whole system is an absolute joke, making insurance a legal requirement and then providing no government regulation so they can charge literally whatever they feel like is completely backwards. [/rant]
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I forgot how to retro...
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