To not bail DD out with car damage

Has the other party said why they haven’t made a claim to their own insurance provider stating it was your daughters fault? So your daughters insurance provider can pay out for the damages.

Does she need to drive to college or can she travel by public transport?

She should use the insurance, if only because then she's also covered and has process and protection in place if the garage messes up the repair, or the other driver makes further claims about the cost or isn't honest about it.

Nearly every single policy you have to tell them within 24 hours of any kind of damage. Even if it’s not your fault

i wojkd imagine she’s not done this? The car insurance might find out and then cancel her insurance and she’ll be in a whole new world of pain

friend of mine did this. They said they’d go private but somehow the insurance company found out. They now cannot get insured for love nor money as they were seen as commiting insurance fraud.

How would i police that?

You have x amount of income
You have y amount of fixed outgoings. (Keep, food, fuel etc)
You have this much per month available less a good bit of living money. You pay me the rest until you have paid me back. A set figure.

I dont need to threaten as the decades of sticking to my side of any bargain means she knows i will bail her out of anything. But she must live up to her part of the bargain. She doesnt live up to it, the door will be locked and she can find somewhere else to live.

I agree she needs to go through insurance. What is damage was a lot more?

I would lend it to her but ensure a standing order is set up immediately to pay you back. If she is not saving properly then maybe you should charge 'rent' and save it for her (without her knowing).

I think you are mistaken.

Just repeating what others have said. Check your policy but I think you still have to let your own insurers know that you have been in an accident driving the car even if the other car was parked with no-one in it. Insurance policies are priced based on risk and are “utmost good faith”. If you are not completely honest then the company is not in a position to fully risk assess you and you could the end up having a policy cancelled. I think she needs to take the pain of reporting it the insurance company.

Plus it will increase her premiums for the next few years. Could end up costing a lot more than £600.

That's not right is it? Why would they let you off when you're at fault. Happy to be corrected though!

I wouldn’t because insurance will cover it and she’ll learn when she has to pay an increased premium next year.

This happened to me when I was 18. I said I'd go private for a few hundred but then when the garage started the work I was told it'll be more like 2k. I only then let my insurance know. Luckily still covered but lesson learned.
No. At 18 she sorts it with insurance and pays the excess and increased premiums. Thats how life works. Youre not doing her any favors by helping her out, she needs to learn the value of money.

If your DD uses her insurance she won't need to pay any excess unless she's also claiming for her own damage. Excesses are only payable if it's your own car that needs fixing.

Oh and i would lend my daughter the money to cover this. But she wouldn't be able to spend a penny on 'other stuff' until it was paid back. There wouldn't be any misunderstanding

I have a 18yr old DD. She is doing a degree whilst working so i can relate. 18 yr old girls know how to spend money, sheesh do they know how to spend money.

BUT we have always insisted she budgeted for things her entire life. If she wanted things when she was younger she was allowed to take it out of savings on the provisor she paid it back into her savings. There have been some painful lessons over the years with a young girl who struggled with the concept. This stood her in good stead. She recently paid her £1000 insurance renewal off over 3 months so it was dealt with quickly. She buys clothes off vinted and also sells a lot on vinted, often getting more back than what she paid. She booked a trip to dubai the other day and has very clear repayment process in place for it.

I wonder why people think that hitting 18 is suddenly going to flick a switch with their children to become sensible with their money and understand how much work it takes to budget for stuff. Its either a slow long term process or a massive shock that can sometimes end up with owing a lot of money

So she can afford to go on holiday but not pay for insurance excess

on the fence for this

first time driver and a claim and insurance will rocket so get why to do it privately

but

she needs to learn to be responsible and pay back money to you before holiday or any going out

She has to tell her insurance company regardless, BTW.

Neither of you really seem to understand how insurance works. I suggest reading policy.

Tell her you’ll give her one-third, the other £400 will need to come from her. If you make her life too easy, she will expect it in future.

She won't have to pay an excess unless she's claiming for damage to her own car.

Not claiming on insurance can be a recipe for disaster when involving a 3rd party. You have to declare the accident anyway.

Other than that I don't think 18 yr olds should be expected to save money

Ask her to come up with a loan repayment and savings plan that you are happy with