Car & Insurance - your 17/18 old ?

My eldest passed at 18 and promptly went off to Uni. I've kept her insured as a named driver on my 1.2L Corsa for when she comes home. It added about £500 (with black box) to my insurance last year and about £300 (no BB) this year, though does have me and DP also named which keeps it down.

Twins turn 17 soon ... and they'll be going on it as provisional drivers (and so it begins again). If we can, we'll keep them all on it as named drivers, so hopefully by the time they are done with uni and are getting their own cars it will be cheaper as they'll have had x years of being named drivers and will also be that bit older.

I don't think we could afford to have them insured with own cars independently at this point...

Also waiting a week or so for the insurance to start can make a huge difference. We saved £400 by waiting until the Saturday to start the insurance when we bought the car Monday (did and saved the quotes on the Sunday when we booked to go view it).

Does anyone know if there’s any insurance companies that give a discount for having had a moped? I know it’s a bike policy so not the same but they’ve still been on the road for a year? Just wondering if this may bring the cost down at all?

We only looked at cars in insurance group 1 for our 17 year old. We ended up getting a Ford KA. Can’t remember exact cost but around £2k. No black box.

https://www.parkers.co.uk/car-insurance/group-1/

We're just reaching this stage and I was wondering, is it as expensive as this if you're insuring them on your existing car? There's now way we could find an extra 3 grand or so right now for insurance, and he won't be getting his own car at this point, we were planning on just letting him use mine.

Should’ve said in my post that the best advice that we got was to go through a local broker who specifically deals with young + new drivers. So much better than comparison sites - ours was a fountain of knowledge and was able to get us far cheaper quotes for far better, fully comprehensive policies.

18 year old DS. Nissan Micra January 2024. £2,300 without a black box, think it was £1,800 with. I am the named driver.

We got a quote for DS's insurance but didn't buy it straight away. We sat on it for about a week whilst we were waiting to pick up the car. Went in to pay and by waiting it went down £200. Then DH reminded me that we hadn't entered DS's middle name on the policy, we amended it to add in and it came down by another £300. Definitely worth bearing in mind to get a better deal.

I can’t remember the name of the company but it was recommended by Martin Lewis at the time as the best for learners, but they did have a ‘black box’ with a night time curfew.
Driving was monitored and the premium lowered as their driving was rated as good.

Just a note about any of the policies with Black Boxes just check if your child works early mornings or late nights if they have a curfew. A lot of the ones we have looked at for DS wouldn't work as he works shifts.

3rd party insurance is often more expensive than comprehensive these days! This is down to statistics which show that the sort of people taking out 3rd party (e.g. young people) are a riskier bet.

It’s fully comp, third party was actually more expensive for some reason.

DD19 has just passed her test, she has a Chevrolet aveo, 1.2L which she was learning in. £30 a year tax too.

As a learner it was £300pa, now she’s passed we’ve just paid £900 with Hastings Direct - I thought this was really good. Maybe because she’s a little older, has a years no claims under her learner policy, and I’m a named driver with no convictions (luckily last 3 points have just come off!).

Marmalade wouldn’t insure, her learner insurer quoted £4700! Hastings was via confused.com and there were other policies of similar price. Went with this one due to defacto rating. Comprehensive policy, and includes windscreen and breakdown.

@BeaLola 1 litre Aygo should be more like £1000.
Don't buy the car until you've checked the insurance costs!
And use several price comparison sites.
The price of the car is almost irrelevant as the big cost risk to the insurance company will be damage to others/their cars.

Oh my god these costs 😳 my dd has her test in a few weeks. She's looking at buying a car for around £3000 something small like an Aygo.

Is £2000 insurance all inclusive or just 3rd party?

It's crazy expensive.

You will have to shop around. Some better quotes if parents named as additional driver but also consider the marmalade miles coverage with telematics. You pay a reduced rate for a certain number of miles and increments are less if driving score of deemed good

It works well if the car isn't going to be used extensively.

Have you also costed lessons?? Getting to test is so expensive now so could relative help with that?

Both my DC have 1.6l bog standard Golfs- one 64 plate, one 18 plate. Both have their own policies - DD cheaper on our multicar policy with LV, DS with Marmalade & black box. Max their policies have been are about £1300. Myself & DH are named drivers on both.

DS passed his test nov 2022. He has a 2011 mini one 1.6. His first policy was marmalade which started at about £1200 but he had to pay a little extra due to a slight break of the rules on his black box. The black box really didn’t like the country roads where we live and we had to complain a number of times for ridiculous red marks. He would get a red mark every day for going around one particular corner (even at 7miles an hour!) In nov 23 we changed to Hastings direct and that’s £759 pa. Interesting the black box seems to work better and he hasn’t had any issues.

After significant amounts of research, the cheapest insurance is for 1 litre C1, 107 or aygo. They are all the same car with different bodies. Also £20 road tax.
i10, citigo and VW up also come in low.
Put the reg of anything they are looking at into moneysupermarket etc.
Seems madness to buy a cheap car that will then cost 2k+ to insure. Better using that additional cash on the car itself (or not spend it at all).
Small car, smallest engine = lowest insurance.
Aged 17 is not the time for the dream car!

She passed in 2022, putting me in as a named driver really reduced the price.

DS, now 19, got a 1.4 Corsa almost 2 years ago. First year insurance was around £1600 and last year was £1400 (both without black box). He's getting quotes now for renewal at around £900- £1000.
In contrast, his girlfriend, aged 17, passed her test last month.
She's got a much older Ford KA, smaller engine and its cost her £2800 to insure.
Just gives an idea of how much insurance has gone up for young drivers in last two years...

Smaller engine = less expensive isn’t always true nowadays. We had scarily high quotes for 1l VW polos and ups compared to the 1.5l Mini that DD settled on.

DD aged 19 has just got a 2 year old 1.5l Mini. Her first year of insurance has come in at £4k (with black box + me as a named driver) which to be honest was a pretty good price for us considering that for older cars with smaller engines we were being quoted similar or even more expensive on quite a few occasions

My 17 year old passed and got his car in February. Cost £1800 insurance on telematics policy. His car has 1.4 engine (Alfa Romeo Mito 2010 plate) and was actually cheaper to insure than a lot of cars with smaller engines he viewed.

Ds 1litre 2013 fiesta was £1200 for first year insurance with dp as named driver it went down to £900 after a year with Ticker.

Dd 1 litre fiesta 2022 (was less than a year old when she bought it) £1600 first year went down to £1200 also Ticker.

They both have black boxes but there is no time limits and high mileage.