Car insurance costs astronomical for new teen driver!

[Minfilia]

Does anyone have any idea how we can look to reduce cost? We haven’t bought a car yet but I’m looking at the cheapest options.

For context - the cheapest quote so far based on 5,000 miles a year, with black box, on a 12 year old fiat 500 with a 0.9l engine, the cost of insurance is £4,000 a year! That includes me as named driver with 15 years no claims…

Im not sure what else we can do to bring the cost down - is this just how expensive it is these days?

Does she really NEED a car?
Fronting is illegal, but there's nothing wrong with getting a cheap little runaround and adding her as a secondary driver. Provided she drives it less than you
Hopefully when she's older her premium will reduce by age and/or she'll move to a postcode which costs less.
Have you tried putting in surrounding postcodes our of interest?

Mine used Asian flux for the first year , then we had a multi car policy DS saved a lot and I paid a little bit more .

DD drives my mini using marmalade payg works out less than £1000 a year, she passed a year ago

If she's not far of being 18 it might be worth waiting, DS just changed car and the quote came down overnight by £400 because he turned 19 .
Maybe run a quote as if she's 18 .

Have you tried Marmalade? DS drove a Fiat 500. We waited a few weeks after he'd passed to insure it and it was £900.

Dd (17) passed three weeks ago, insurance was £1745 for her, ds(20) and dh with ds as policy holder with two years no claims on a 1.0 litre Ford Ka with black box.

Had no choice but to pay up, I feel for young drivers, it's so expensive.

DD went with direct line - not on comparison websites. £89 a month and NO black box.

Set the date you want insurance to start as 21 days time .... if you do it any sooner it's the higher price. . . No idea why ... but someone who works in a call Center told me that and I've always done it since.
We used Admiral and they were cheapest for us. Both us parents also on the policy. . Which does bring it down.

It only cost about £200 to add DS to our Direct Line car insurance, with protect No Claims Bonus and no black box. It's a cheap car - a 3 door Fiesta - but it still surprised me that it was affordable.

It's definitely your postcode. Might be worth calling them. I've only heard of these kinds of quotes in very rough areas of London.

Try different cars. Something typically not associated with young people - like a Ford focus estate. It's all based on statistics and young drivers are involved in accidents with corsas or fiat 500s. Used to work in insurance.

It’s much cheaper to insurance a learner driver than it is to insure a new driver-presumably because there is always someone with the learner.

Cost just under £1k for ds2 in his first car, 1l C1, 10yo. That’s without a black box as they sound like a mare if you ever drive late at night, and it only cut the price by about £200. Compared prices, it’s with Admiral I think. But lots of similar quotes. Car is worth about £2k.

He’s 20 tho, that may make a big difference (Covid meant it took him a while to pass).

Sorry, that wasn't what I meant. What I did mean was that since you think your postcode might be an issue, your own insurer already knows it's okay, so they might give her a better quote than an insurere who has no record of its existence.

Ring your current insurance company and speak to them in person.

They already "know" your postcode and area and presumably you're happy with what you pay them, so speak them and see what they'd charge for your daughter at the same address on the smaller/older car.

The websites are good for established drivers but for newbies it's normally best to speak to someone in person. I've always found Tesco very helpful and when I rang them recently about changing something on a policy I came away with a nice discount too

Play around with the job added. It was cheaper to put down student than it was to put down his actual job as a trainee plumber.

These are eye watering sums but to put it into perspective, my first insurance in 1981 was 350 pounds which was a month's salary to me so the quotes of a thousand match that. 4000 is a bit mad though.

Even that seems steep to me for 1981 - what kind of car did you have? My first car in 1989 was a 950cc A plate Polo in a beautiful matt beige colour 🤣, 6 years old it cost me nearly £2k and fully comp insurance was £270 for the year. Around 1/2 my monthly take home pay at the time.

I think part of the difference between now might be cars were much simpler back then, and much cheaper to fix. I serviced and even did some maintenance on mine - replaced the carburettor once - using the Haynes manual! There also wasn't as much personal injury type claims.

I had a mark 1 escort which cost 300 pounds. The price of insurance may be on the high side as it was a greater London postcode and no named drivers on policy.