Car Insurance for teenage boys - any advice?

(34 Posts)
fortyplus Wed 28-Nov-12 23:43:52

My son is nearly 19 and passed his test about 18 months ago. He's lucky enough to be able to drive my husband's company car so costs us nothing provided he doesn't have an accident.

He has just bought a 1.2 Fiesta from a relative for next to nothing. It's W reg which is 12 years old. He's got a temporary job lined up for about 3 weeks which he had hoped would fund his insurance. He'll be starting work at 6am so it would be handy if he could get insured beforehand.

He's been looking online for quotes and the cheapest he's found is about £2500.

Does anyone have any top tips for getting the cost down?

Thanks smile

NewNames Thu 29-Nov-12 00:26:40
Graceparkhill Thu 29-Nov-12 00:35:39

We used Tesco to insure DS1 on family car. It costs £2k per annum ( we used to pay £200 per annum!)
Try Tesco and if that fails consider going via a broker.

fortyplus Thu 29-Nov-12 00:46:19

Thanks both. smile Graceparkhill this is his own car so he will be the main driver which is why quotes are so high. I can have him as a named driver on my car for £1400 but that doesn't really help as he wouldn't be able to use it daily. I'm sure you already know that putting a young named driver on your policy when they're actually the main driver invalidates the insurance and is an offence.

hellhasnofurylikeahungrywoman Thu 29-Nov-12 00:50:24

DS is 20, drives a KA and has insurance through Admiral for around £600 a year (he's been on his own policy since he was 18 though). As a family we were insured via Tesco but on his own DS found Admiral gave the lowest quote. Admiral and Kwikfit give him the lowest quotes. My future son-in-law is early 20's and his car is insured through Aviva as is DD's as they got 12 month insurance for the price of 9. Aviva aren't on comparison sites so might be worth trying.

NewNames Thu 29-Nov-12 00:53:39

Just got info, sometimes there is barely anything in it between third party, fire and theft and fully comp. worth keeping in mind smile

NewNames Thu 29-Nov-12 00:54:08

* just FOR info

Arriettyborrower Thu 29-Nov-12 00:54:47

Coop - they use the smart box and certain restrictions but ds's first yr insurance was circa £1400 and this years renewal circa £800

fortyplus Thu 29-Nov-12 00:54:47

Thanks smile . It's been infuriating, actually - he only paid £250 for a lovely little car with only 35,000 miles on the clock, but the whole thing relied on the cost of insurance so he checked this out before he bought it. He went on a price comparison website and put in all his details including date of birth. He got a quote for £1300 so bought the car. Then today he tried to pay for insurance and was told that they only insure drivers over 21!

Arriettyborrower Thu 29-Nov-12 00:59:21

It is beyond frustrating! He had the most ridiculous quotes, he has a 1.2 fiesta btw but it's 06 reg - that did'nt seem to make too much difference though.

Hope he's off driving his own car soon - oh and my ds is 19 also so coop should be comparable for yours.

hellhasnofurylikeahungrywoman Thu 29-Nov-12 00:59:22

Has he tried Young Marmalade? A friend's DS insured through them.

fortyplus Thu 29-Nov-12 01:09:55

Thanks for all this! I'll check again tomorrow smile

exexpat Thu 29-Nov-12 01:20:20

Can you wait a few weeks? If you leave it until after December 21st you'll get much better quotes: the law on insurance is changing and they will no longer be allowed to set different premiums for male/female drivers. It will suddenly get cheaper for teenage boys, and more expensive for girls.

There's a news story about it here - apparently Endsleigh has already equalised its premiums, so might be worth a try if you need to start now, but waiting until after December 21st would give you a much better chance of getting a lower premium.

Tesco/kwik fit and green company are cheaper for younger drivers it would appear, also you can be a named driver on his ins, we have 3 named drivers on dps ins to bring the quote down, it made a big difference. Also paying a bit more on the down payment can dramatically reduce monthly installments.

Endsleigh are an awful insurance company, randomly demand documents in unrealistic time scales, bump up down payments/monthly repayments without saying so, then after a downpayment and the following months payment arrived and went through they realise the car sat on a drive uninsured for 3 days before we joined them and that makes it uninsurable, utter chaos at every turn, seriously after 3 months we just cancelled and left them they were awful awful.

fortyplus Thu 29-Nov-12 01:27:01

More interesting points! He'd realy like to start the insurance immediately for 2 reasons:
1 he starts his job on Tuesday so will be faced with a 4 mile bike ride at 5.30am every day if he's not driving
2 If he can't get insurance immediately he'll have to get a SORN which means he can't then tax & insure it for at least 28 days.

fortyplus Thu 29-Nov-12 08:50:10

Good morning - is anyone else able to offer any helpful info? smile

BertieBotts Thu 29-Nov-12 08:52:32

You can put yourself as a named driver on his car though which might bring it down a bit.

There was a thread about this not long ago here

fortyplus Thu 29-Nov-12 18:25:35

SecretSquirrels - thanks for that - I did trawl around last night before starting the thread but didn't spot that one

MsElleTow Thu 29-Nov-12 18:37:34

DS1 has a friend who is going on her Mum's insurance really cheaply with LV. I know you want his own, we are going to look at LV for DS1 because the quote was less than half than Direct Line gave us.

The other thing is, a couple of DS1's 17/18 yo mates who have just passed their tests have got insurance for around £1300 by going into an independent broker and letting them doing all the searching for the quote. We were quite shocked at the difference in the prices that the brokers could get and if DS1 has his wn car,that is what we would do.

MsElleTow Thu 29-Nov-12 18:57:18

I've just done two quotes for DS1 to drive our 1.4tdi Polo. It is £1700 with LV and £4334shock with Aviva! That is with DH and I on the policy as well.

Horsemad Thu 29-Nov-12 19:03:17

If he does the PassPlus will he get a reduction in his quote?

lljkk Thu 29-Nov-12 19:07:08

I used to cycle 5 miles at 5am each morning to get to work. <<shrug>> He could buy an awfully nice fast lightweight bike with terrific lighting system for 2.5k.

Bromptonaut Thu 29-Nov-12 22:00:37

Is Admiral's multi car worth a punt?

My two (DD20 & DS18) drive our cars for a reasonable premium, in fact with DD only it was no more than for just us. Don't know how it would pan for a car of their own though.

As already said adding Mum/Dad as additional drivers can lower premium but make sure quote is for DS as main driver. Fronting is not a cool place to be.

We went with Admiral . My son is 19 and got his first car ( an ancient pug 106) last month.
Online the quote was 1600 but when I rang they suggested a multi car policy..and it brought his down to 1100 and decreased mine and dh's too! No fronting and they are adding my car and dh's as our old policies end. I have been very happy with it. Ds1 is paying me monthly by standing order as I took out a new ( no interest for 16 months) credit card to pay it up front.

HappyJoyful Fri 30-Nov-12 01:53:02

get the tracking box..saved a friend nearly five hundred quid.. sorry not being reading fully(late night insomnia induced MNing!)
Anyways, yes box - there's been threads on here recently about it but think it way forward

lljkk Fri 30-Nov-12 07:30:22

doesn't the price depend a lot on age, too? I thought 19 was cheaper than 18 cheaper than 17 to insure.

LadyIsabellaWrotham Fri 30-Nov-12 07:40:18

Definitely consider cancelling and replacing in December whatever you do (if you tell your insurer at the time that you're about to do that then they may be prepared to haggle).

Maslotte Fri 30-Nov-12 21:55:52

My son, who was 18 in Nov & passed his test a few days before, has just bought his first car today. It's a 53 plate 1.2 Corsa and he's insured it with himself as the main driver (as he is the registered owner of the car and so he builds up his own NCB) and myself and my husband as additional drivers. He's gone with CoOp Young Drivers as a few of his friends recommended them.....they fit a "Smartbox" to the car which monitors the driving, your insurance is reviewed after 3 months and can go down if your driving has been good. Note tho, they do warn it could also go up if the driving is bad. I think it works on some sort of point system, all explained on the website.
The quote was for about £1700, and as I said it is reviewed quarterly.

I used to work in insurance and even things like your postcode area, job title, where the vehicle is parked overnight, mileage, things you would class as small points can make a difference to a quote.

Hope that helps a little smile

fortyplus Sat 01-Dec-12 01:17:57

Horsemad yes he's done passplus. Funnily enough it seems that more expensive premiums are charged for old cars!! The rationale is that a newer car will be driven more carefully.

Horsemad Sat 01-Dec-12 15:55:11

Probably by the time they've paid the enormous premium they can't actually afford to drive it, so the risk lessens immensely! grin

fortyplus Sat 01-Dec-12 23:37:51

Well... I took the car down for 2 new tyres and an exhaust system today. Turns out it's a Zetec model so really nippy - alloy wheels/low profile tyres etc. So I suppose hardly surprising that the premium is rather high. Cheapest we've found is £2k so he's sent off a SORN and will wait a month, by which time he will have had a birthday and the new rules re: not discriminating against boys will be in force. And hopefully he'll have found himself a better job!

Thank you for all your help smile

HRHLadyG Mon 04-Mar-13 14:53:41

Probably too late ! Black Box AND put yourself and/husband on his ploicy as named drivers.

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