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Oct 27, 2010 12:55:01 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 Not necessarily - it is only illegal when the insurers are not informed of the true situation. When I first started driving, I was insured as a named driver on my own car, with father as the policy holder. This was 100% above board, as the insurers were specifically informed that it was my car, that I was the main driver, and that I'd be taking it to uni with me, but they were still happy to insure in that manner.
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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 12:58:24 GMT
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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. This is true but remember, no insurance is seen as a serious motoring offence and could stop you from getting a service job if you wanted to in future (as most services require doing the blue lights course). Also the car will be crushed, lets hope they didn't love it.
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Oct 27, 2010 13:08:10 GMT
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I feel sorry for any young driver at the moment, I'm 26 year old HGV Driver with one accident in 9 years that wasnt my fault, i have a clean license. My renual has just come in at £500 for a 1.4 Honda Civic my girlfriend is on the policy and she's a 27 year old HGV driver with no claims/convictions. I was told it was because it was a Civic and they're expensive so i tried a few other cars, 1.3 Yaris, Mazda Demio 1.3, Vauxhall Astra 1.4, Ford Escort 1.4 and they all came in around the same price bar a few quid either way I've been told by my one insurer on my Sierra they would take the 1996 Civic as a "Modern classic" so I'm going to try them for a quote next week as a modern classic (even tho i'll lose the 9 years NCB ) My sierra is £180 a year and my fiesta is £170, Both modified cars! One thing i did do when i was 17 for the first 3years, i added my father as a named driver on my own policy it brought my premiums down! Not quite as cheap as me being a named driver on his policy, but i didnt do that because A) i wanted my own NCB and B) it's illegal But adding my dad as a named driver over the 3 years saved me over £400 all in! My dad never even drove the car, EVER! But it's 100% legal and above board with the added advantage if he ever DID need to drive it, he was legit!
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tofufi
South West
Posts: 1,458
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Oct 27, 2010 13:32:28 GMT
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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! The FJ website only says it cannot quote for under 21s online... it doesn't say they cannot quote you.
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Oct 27, 2010 14:29:07 GMT
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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! The FJ website only says it cannot quote for under 21s online... it doesn't say they cannot quote you. just read my mind footman james FTW
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Oct 27, 2010 15:51:35 GMT
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I'll echo what was said about trying a local broker, Jackman Smith in St Albans handled all my insurance needs for years and were always very competitive. The internet comparison sites are probably the worst place to be looking for your driver cover.
I've heard several times of your drivers in Triumphs using the TSSC scheme. Well worth a look and Herald/Spitfires are nice easy things to work on too. Slightly irrelevant but a few years ago I bought an Alfa 155. Cheapest quote I found for a 30 year old with full NCB was about £600. Spent £40 on membership of the AROC and that dropped to below £400 with the club scheme. Well worth doing.
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Roobeh
Part of things
Posts: 502
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Oct 27, 2010 18:40:37 GMT
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For the moment, I'm still on a provisional licence but my 95 micra 998cc comes in at £590pa with my mum as a named driver TPFT and me as a 17year old male. If I stay where I am (quinn direct) my premium will go up to £2300 when I pass which is just daft. Premiums are usually cheaper on the phone. I nocked £200 of what the internet told by going over the phone. Classic policies are often cheaper and you might be suprised what can go on a classic policy. I mean my sled can be entered into the swansea classic car show now! Japenese cars (like yari and civics) are often quite expensive for young drivers because of the fast and furious image they have. except micras with their fame as a reliable grannymobile. Let's have some cool retro low insurance cars while we're here.
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Oct 27, 2010 19:30:22 GMT
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thanks guys, some helpful and informative replies.
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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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Oct 27, 2010 20:35:42 GMT
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If it helps add perspective. My renewal came through today. 40YO office based 'professional'. Driving 22 years, full protected bonus on a diesel mondeo worth the contents of the fuel tank. Premium went up 40%. I've spent the evening shopping around and like for like the best I have managed is a 20% hike.
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swerve
Part of things
Posts: 78
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Oct 27, 2010 21:19:27 GMT
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I'm 19, first year on my own policy 1 no fault accident and I pay £1800 a year on this - Its hard being a youngster.
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Last Edit: Oct 27, 2010 21:23:29 GMT by swerve
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smile
Part of things
snappin' necks and cashin' cheques
Posts: 84
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Car Insurance definitly seems to have gone up overall this year. I'm glad it wasn't just me who got a nasty shock last renewal! Unfortunatley I don't think there is any legal, miracle way of getting cheap insurance for a young driver. They will pull your trousers down, it's like a rite of passage these days.
If anything, I found that the insurance is so bloody expensive to begin with for 1 litre Micras and such, that in some cases it's not actually that much more to insure something a bit bigger so don't be scared to try some quotes on a more obscure 'first car'. From what I've read/heard, alot of it is based on averages and statistics so if you choose a car not many young drivers have been insured on, you might get a nice surprise.
Other than that, if your son has a part time job make sure the insurer knows about it. Again, this can lower the premium as they'll compare statistics on other drivers with the same profession. And to be honest, you really can get creative here if you're doing it online seeing as there's a pretty limited choice. For example, I worked for Red Funnel who operate a ferry service between Southampton and the Isle of Wight, my job was literally to stand there and direct traffic. Closest job description I could find was 'Dockyard worker'.
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Feelin' high as hell, flyin' through Palmdale, skatin' on Dayton rims
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m0rris
Part of things
Posts: 195
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I'm 18, I adore cars but havent been able to get onto the road because of the insurance system. I understand that younger drivers can cause mayhem due to inexperience and reckless behaviour but of my mates I know of one that can be said at any time to have driven anywhere near recklessly and (despite the fact they aren't petrolheads) they all love their cars and would be gutted if they ended up wrecked.
Insurance companies pay out millions due to uninsured drivers and wonder why so many run around uninsured, and yet assume everyone can pay for their insurance. I'm a student as well, which means that every year I am adding £7000 (at least on current rates) to my debt I am getting to the point where running a car would be helpful for current life but I just cant afford it.
IMHO the current situation of constant insurance hikes will cometo an end,eventually, because itis becomingcompletely unaffordablefor the masses.
M0rris
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Oct 28, 2010 12:28:01 GMT
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don't know if this helps but with direct line my e36 318is was only £50 per year more to insure than a 1.0 Yaris... figure that one! Best thing to try is get insurance quotes on something not driven by youngsters, a BMW 530 Sport was less for me to insure than a e46 330 sport for that reason.
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tri
Posted a lot
Posts: 2,572
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Oct 28, 2010 13:31:18 GMT
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don't know if this helps but with direct line my e36 318is was only £50 per year more to insure than a 1.0 Yaris... figure that one! Best thing to try is get insurance quotes on something not driven by youngsters, a BMW 530 Sport was less for me to insure than a e46 330 sport for that reason. On that topic: I went from a 1.1 Saxo (I know, I know) to a 2.0 170bhp Alfa 156 at the age of 20 and my insurance actually went down by about 10%. Worth looking at less obvious first cars I reckon.
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I forgot how to retro...
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Oct 28, 2010 13:39:11 GMT
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22, No NCB, 1 SP50 conviction, REALLY struggling to get potential insurance on an mx5
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Oct 28, 2010 18:46:03 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. No worries - he used the go compare website and got these quotes, they all wanted £250 voluntary excess plus £400 compulsory excess for a 1972 Mini 1000cc with no mods... SmartPeopleBUDGET - £1444.25, £650 excess YesInsurance.co.uk - £1478.74, £650 excess Marks & Spencer - £1463.09, £650 excess Dial Direct Insurance - £1468.61, £650 excess AutoTrader Insurance - £1489.75, £650 escess Barclays - £1498.75, £650 excess Post Office - £1541.65, £650 excess plus loads of others with prices gradually going up until the Insurance factory.co.uk who wanted £6239.54 to cover a £1500 Mini
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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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Oct 28, 2010 18:56:29 GMT
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Eeek! just tried my micra with a 17 y/o's details on directline, they wouldnt even quote!
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Midas
Part of things
Posts: 508
Club RR Member Number: 14
Member is Online
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Insurance for young driversMidas
@midas
Club Retro Rides Member 14
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Oct 28, 2010 20:26:06 GMT
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Having now had three step kids learn to drive the cheapest way to manage the insurance was to buy them their own car to learn in.
As a provisional holder their insurance was roughly half the qualified cost, but all the time they were learning they were accruing their first years NCB. On passing their test the insurance doubled but came back down again on the renewal date.
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Roobeh
Part of things
Posts: 502
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Oct 28, 2010 21:04:41 GMT
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Having now had three step kids learn to drive the cheapest way to manage the insurance was to buy them their own car to learn in. As a provisional holder their insurance was roughly half the qualified cost, but all the time they were learning they were accruing their first years NCB. On passing their test the insurance doubled but came back down again on the renewal date. is that on a provisional for a year? i've been on prov for about 8 months. so if I passed my test now i'd only need to pay full for 4 months before I got a years no claims?
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Midas
Part of things
Posts: 508
Club RR Member Number: 14
Member is Online
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Insurance for young driversMidas
@midas
Club Retro Rides Member 14
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Oct 29, 2010 11:13:06 GMT
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Having now had three step kids learn to drive the cheapest way to manage the insurance was to buy them their own car to learn in. As a provisional holder their insurance was roughly half the qualified cost, but all the time they were learning they were accruing their first years NCB. On passing their test the insurance doubled but came back down again on the renewal date. is that on a provisional for a year? i've been on prov for about 8 months. so if I passed my test now i'd only need to pay full for 4 months before I got a years no claims? I guess it depends on the insurance company, but if you have been insured in your own name, on your own policy whilst learning then yes, you should be accruing no claims all the time. Unless of course you are on a specialist policy which doesn't accrue NCB.
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