WOW - AIBU to think Car Insurance is crazy for teenagers!

[hellsbellsmelons]

I can't believe it.
Just checking things out now and for a £500 V-Reg Clio for my 17 YO DD they want nearly £2500 per year!
WTF is going on?

Do any of you know of cheaper car insurance companies for teenage drivers?
Any suggestions greatly appreciated!

This is crazy.

Tbh, aside from age, postcode has the biggest effect on car insurance premiums, which makes little or no sense to me. I drive all over the country with work, and aside from on my own drive behind electric gates, I rarely do any driving in my own town, a fair whack is in London where it is no doubt more expensive to insure.

When I moved from Loughborough to Newcastle, my premium almost doubled (only change was postcode).

My premium also dropped when I traded the hatchback (1.6l petrol) for an estate (3l diesel) despite the fact it does 0-60 in about 6 seconds, is big, german and rear wheel drive. Premuably the estate is less cool and less likely to be a 'boy racer' car/ statistically less crashes happen involving people driving the big estate as do driving the same model hatchback

The cost of the car insurance is driven by the liability (Medical) rather than the value of the car. UK motor insurance has unlimited 3rd party medical liability. Therefore you are fully protected for someone's else medical and loss of earnings claims.

Some of the large motor claims are easily in excess of £1m and quite a few are in excess of £5m. Therefore if you have a teen who is in a crash you and your house are safe. If that was not there, you might have to sell your hosue to fund the claim. THis is not explained very well when you but the policy.

In most of the US you have to buy car insurance (property) as well as liability coverage. This makes it easier to understand.

It's not the damage to your teens car, but that of the other car.

My car is worth 6k so if your teen was to write my car off it will be expensive for the insurance companies

We have just insured DS17 with tesco, he has black box fitted and it was less than half the price of the nearest quote. I am a named driver on the policy.

My son found the insurance on an 11 year old BMW was much cheaper than that for a small hatchback when he passed his test

I am sure that named drivers can build up their NCD ...maybe not with all companies, but ds was named on a policy on a car he and dh both used and the second year, he took ownership of the car and insured it himself,, with some acknowledgement that he'd not pranged anything in the past year.

try Ingenie...there is a black box but no curfews

also, maybe wait a year or two and the price goes down a bit

my 19yo got a price of £1400 on a 1.2L engine car

On churchill and admiral everyone builds their own NCD. I had a saab and my daughter drove a Toyota 1L (which I also drove but wasn't main driver) my son was added to Toyota 2 years later. Admiral multi car was £1000 for both cars but now we have dropped to one car with kids being away I am main driver with kids named. (21 and 19) quote from admiral £850 and from churchill £450 for all of us.

It's actuarial - and the wretched nonsense from the ECJ under which insurers cannot charge young women less for car and life insurance than young men and older men less for annuities than older women.

Teenagers, especially boys but girls too, are accident prone on the road and the value of the car - as opposed to the make - is irrelevant to that.

SquinklesRule Please finish your post

I am sorry the phone rang and I hit post and walked away (didn't get the job, yet again SOB)
he is with Hastings Direct. LOL

Try an admiral on a multi-car policy (so put whole family on 1). My 17 year old was under £800 on a brand new £12k car as soon as she passed her test- and less whilst learning. DH and I can both drive hers- she cant drive ours as 2.5l engine. Our other cars moved onto it as there insurance expired (all 3 cars were cheaper than with direct line)

Thanks Squinkles and I'm sorry and I suggest

Try "gogirl" and add any other reliable age female drivers - I added my mum and sister as well as dd and it came down a lot. I'm the main driver (35 been driving half my life) dd is 17

Oh and our first quote was the same as yours so don't panic yet!

We have an Admiral multi car policy. DD was 17 when she passed her test and for a brand new Mini the insurance was £810. She earned no claims on that policy as well. It halved since she turned 21.

Try insurethebox.com or co.uk. cheapest i could get for my 1st few years

We got quotes for DS for a 3 yo 1.3 Fiat Panda worth just under £5K after he passed his test at 17 . It was £1400 for him as the main driver and no black box. In the end he didn't get the car as his 1st 2 choices of Uni don't allow cars on campus so car would have been idle in Sept. We put him as a named driver on my Fiat Panda and it costs £89 pm in total with no black box.

My first year was £2500, I was 24 at the time and it was only a 1.2 Renault Clio.
I must say though, since the black boxes have come out ive known of people getting better quotes.

We've just today bought a renault clio for £4.5k (can't remember the year - not really into cars!). We've put it in DS1's name with me and DH as named drivers. DS1 is 20 and passed his test 2 months ago - the insurance, with black box, is around £1200. Plan is that DS2 will also use the car - he's just started having lessons and is 18 - presumably it will be more expensive to insure him though.

my partner and I drive an audi a4 1998 2.4 I am 19 and passed my test at 17, he is 26 and passed his test at 24 so both have us have only been driving for 2yrs. Our insurance is just £43 per month. We used compare the market for quotes and got the cheapest insurance that we were quoted.
we put father in law (66, no previous accidents and over 30 years no claims) on there as additional driver even though we don't live with him he does borrow our car for long haul trips (Our car does about 27-35mpg depending how you drive it, not great as its a V6, BUT fil has a V8 Jag which does 25mpg at best) so best to have him insured on it too "In case". the audi cost us 350 to buy (As its the 98 model) and is the best car we've ever had. Your best bet for a teen is to get a "Normal" Car, but an old car. think 91-2000, as they're cheap as chips to buy and are usually ok on insurance if you shop around and have yourself on as additional driver. The stereotypical new drivers cars are sometimes the worst on insurance ironically.

Thanks all.
Cheers AF as she can't have a curfew as she works in a pub some evenings!
Doesn't finish until 2-3am so 11pm curfew no good at all.

I didn't pass my driving test until I was 26 and my insurance was still £1'800 despite my age and sex.

6 years ago I passed at 17 and brough t a clip for around £500 and my first insurance was £1800

Writerwaanabe83 Nowadays your sex would not reduce it!

yes, a curfew didn't work for us either