Best way for a young person to buy a car and insurance

[KatyMac]

DD (21) passed her test - whoopie!!

& her Nana is giving her money to buy a car and insurance

Does she buy second hand (very cheap or reasonably priced) and then the insurance or does she do one of these buy a car & et the insurance deals

We dont have a clue

Almost everyone I know has had some sort of (minor) bump within the first year of passing their test.

When I first passed mine 8 years ago I was over £2k on insurance, and it would have been far more if I had a new car.

Mine was an 6 year old Ford Ka that I bought for £600, and then when I had a crash and wrote it off we didn't have to claim the insurance. If I had, I think my premiums would still be unbelievably high

Good point

All cars have insurance groups to give you idea of what bracket the insurance will be in. Look at those with the lowest insurance group 1 + a reasonable NCAP safety rating first to see if any will suit.

Thanks great idea

When I first passed mine 8 years ago I was over £2k on insurance, and it would have been far more if I had a new car.

Not any more. Their biggest concern is injury claims, from passengers in the car or from pedestrians that might get hit. That's where the big claims come from. New cars have better safety features, and are often cheaper to insure.

Kids cars
Loads of good cheap cars about then if they scrape it its not the end of the world and shouldn't attract thieves.
Diesel Micras 58MPG!

Insurance
Read the small print, some black box companies have curfews!
Inginie are very good, I think it was £1400 a year, get there own policy with them as the main user and you as a second driver then they will earn a no claims discount

It depends very much on what the cost of paying for your own insurance is.

Bear in mind if you buy a new car , or use a new driver lease-hire , you will be offsetting the cost of insurance against paying for the depreciation of the car. Also some companies tie you in to their policies for the duration of the lease and are comparatively cheap for the first year and very expensive for the subsequent years.

We may not have a choice - the very cheapest policy I can find is £4k+ so the included policies are comparatively cheap, if your quotes are anywhere around £2k or less, than buying a second hand car may work out better.

One other option is if you work for the NHS - their salary sacrifice lease hire comes with insurance for 5 people plus all servicing, breakdown and tyres.

When we got our kids' cars at 17 I spent hours trawling through Autotrader then doing insurance quotes on potential cars. It was eye opening to find that quite a sporty Clio. which is what DS2 ended up with, was cheaper to insure by about £400 than a 1L Corsa.

We insured him with Ingenie who are specifically for young drivers. They do fit a black box but there's no curfews like a lot of companies have. He drove really well over the year the insurance cost reduced from the original quote.

Thanks for these I'll do my research...

Multi car policies work out much cheaper. My 17yr old dd has just paid just under £800 for her own newish car. Make sure several other older named drivers are on the policy as that brings costs down too.

on her individual policy i mean.

I've tried a few quotes and I'm not doing well - in wonder if her career is a problem - she is a dancer/dance teacher

Possibly ring them up and ask? Some professions are more, I wonder if they think she is moving about a lot? The like one fixed place of work

Meh, I do t know anyone who has had a bump in their first year. DD bought a brand new FIAT 500 when she passed at 17. Insurance £1200 without a black box.

Just had a quote for £807!!
Very shocked/surprised!!