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cheap car insurance for a 17 year old male (if that exists)

Discussion in 'Motoring' started by chedmaster, Aug 28, 2005.

  1. chedmaster

    chedmaster
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    lowest quote so far is £2300, my sister's was £800! this is outrageous, just because all the other male twoks around the world can't drive!

    car is a s reg peugeot 106 1.1L (hopefully)

    it only costs £1700!!!

    someone help me! i tried the AA's search thing, and tried elephant cos of their adverts :laugh:
     
  2. eviljohn2

    eviljohn2
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    Try Admiral, they've given me the best quote on my car so far and seem fairly accomodating for younger drivers unless you've modified the vehicle.

    It's worth checking what the excess on your policy is as that's where they'll often hit you whilst you're young and there's really no chance of finding a policy below £1000 without a NCB I'm afraid.

    Bell Direct, Elephant, Diamond and Hastings are all run by Admiral which is owned by Great Lakes Reinsurance which is owned by Munich Reinsurance who I used to work for. :)
     
  3. alexs2

    alexs2
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    I've also tried a horde of insurance companies recently for my son,and had very similar experiences.
    Does the car have to be the one mentioned?.....if not,you may find some of the less palatable Skodas(esp any non-turbo diesel versions) to be a little more wallet-friendly,as a friend of mine has recently done for his son.

    I also had a nasty shock when thinking about insuring him for either my car(an A3) or wifey's Picasso and promptly binned that route.
     
  4. chedmaster

    chedmaster
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    just tried admiral, third party £2346 :(

    ive always wanted a 106, one of the reasons was i thought it would be cheaper to insure :(

    might have a look at skodas, ta

    how much was your quote if you dont mind john? car?

    had a lesson over your way today :D
     
  5. chedmaster

    chedmaster
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    SUCCESS!!!

    direct line - £1645

    :D
     
  6. eviljohn2

    eviljohn2
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    I'm buying my Dads V reg 1.8 Vectra from him at a good price, I've been insured on it for a couple of years - I think he can relate to your woes Alex as he won't put on his new CLK! :laugh:

    Best quote so far is from Admiral at £948.66 with a £150 excess until I'm 25 when it drops to £50; I can voluntarily increase the excess which lowers the premium. I'll probably go for the 10 month bonus accelerator (the policy only lasts for 10 months but you get a whole years worth of NCB earlier that way which will be a big drop for me) unless I can persuade them to transfer a years NCB over from my Dads policy as I'm a named driver. I'm expecting a further drop once I can find a job, you still being a student really won't be helping matters.

    When I was your age I was offered a free 1.4 Maestro which I had to turn down as insurance was about £2500. :(

    Since you've still only got your provisional it will be worth waiting until you can claim a full license when buying insurance - hopefully that will get you the price drop you want. :)
     
  7. alexs2

    alexs2
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    Exactly what will be happening here...my son will have to wait until he's qualified(ha ha) before getting a policy proper,and until then as a named driver on whatever low cost thing I can find.

    Makes me laugh a little when I think of my own quotes on my last car(now sold due to ludicrous running costs) of £850,fully comp with £250 excess on an ex-gravel/tarmac race spec Escort Cosworth with about 380bhp and anti-lag. :D ...the benefits of being an old git.
     
  8. chedmaster

    chedmaster
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    i doubt my dad would let me on the evo to be honest!

    i would wait until i pass but i need practice and cant see how £23 an hour is worth it when i could do it with me mam for nought.
     
  9. The Dude

    The Dude
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    I'm a bit older but tend to go for group20 cars... :rolleyes:

    Norwich Direct tend to beat the next best quote by several hundred quid each time I get something 'new'... well worth a look probably..?

    In fact everybody in my family uses Norwirch these days, they've knocked chunks of everybody's premiums... :thumbsup:

    As EJ says, waiting until you've got your full license ( and even 1 more birthday if there's one coming soon) will make all the difference usually..

    Norwich run the accelerated no-claims scheme too... well worth going for one of those if you're just starting out... getting that 1st year in as soon as possible will save you a chunk on the next premium if you stay away from coppers... :D

    edit: I must learn to type faster..... :rolleyes:
     
  10. alexs2

    alexs2
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    I found that a few of the independent brokers were good value for Gp 20+ modded cars,but as you've suggested Norwich Direct were also surprisingly competitive(amusing since their parent company was also responsible for the highest quote I'd ever had at £2.5k 10 yrs ago!).

    As to my poor old son...we've noticed that many of the other direct sellers arent intersted in the under 20 market at all.
     
  11. eviljohn2

    eviljohn2
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  12. The Dude

    The Dude
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    that's fair way out from your admiral quote.... :thumbsdow

    have you tried playing around with different excess, mileage etc (regardless of which company) one thing that's worth being careful about is annual mileage... the more miles you estimate, your quote seems to go up proportionally.. you have to be realistic obviously! but if you're gonna go over your annual mileage you can always get in touch and modify the premium slightly..

    other things that make a big difference usually are.. (be truthful obviously)

    locked garage overnight
    thatcham approved alarm/immobiliser
    don't overestimate the value of the vehicle ( I always use the parkers trade value )

    have a play with these and see what differences you get? it can be quite suprising!

    On my last few cars, declaring a thatcham aproved immobiliser has actually paid for me to go have one fitted! a nice saving.. :thumbsup:
     
  13. mcfarfs

    mcfarfs
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    Online quotes are rubbish. Firstly. when you have passed do Pass Plus (takes about 2 hours..costs around £100 and lowers insurance A LOT). Then phone the insurance companies for a much more realistic quote :smashin: .
     
  14. chedmaster

    chedmaster
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    norwich union - £1950
    churchill - over 2k

    will try ringing one of them on tuesday see what they say, otherwise ill get my mum insured on it and go on that.
     
  15. Mylo

    Mylo
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    Online quotes a superb to play against your existing company, beleive me :lesson:
    My broker matched a considerably cheaper quote that I got online.

    Try the likes of www.lifesure.co.uk if you want to speak to a decent broker. You will still suffer though as you're only a learner.
     
  16. lynx

    lynx
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  17. chedmaster

    chedmaster
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    cheapest £1856 :(

    thanks anyway :thumbsup:
     
  18. MartinImber

    MartinImber
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    Try quotes for the following

    1.6 Mondeo
    Series 3 Land Rover

    BOth are supposed to be very cheap to insure
     
  19. lmccauley

    lmccauley
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    I've found First Alternative (0845 607 0380) to be good for high group cars (I first heard of them on a forum for Honda S2000). I'm not sure if that would translate to low group, young driver, though. Worth a try.

    Cheers,
    Liam
     
  20. Mylo

    Mylo
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  21. eviljohn2

    eviljohn2
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  22. Mylo

    Mylo
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    Insurance makes no sense John, several big companys wont even quote for my second car. 1988 1800cc mk1 Golf cabriolet. :confused:
     
  23. Londondecca

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    I have just been through this whole process with my 16 year old son who wants a car for his birthday in October. He originally wanted a Peugeot sporty number and the cheapest quote was £15,000 with no instalment plan!

    Not only was his age against him but his occupation (currently rejecting the concept of work) and as others have said the lack of a full licence.

    The current plan is to buy some £500 or cheaper old banger and he can run it for a few years and start to build up his no claims discount. Sexy cars will always attract a premium so look for the dullest car possible. Maximise your excess payments, keep the car in standard trim and fit a recognised alarm system. Once you have the full licence consider the Institute of Advanced Motorists which is normally good for 5-15% discount.

    I am sorry to say there is probably no cheap way to get started but once you have shown to a insurance company you are a safe bet, the costs will come down.
     
  24. lmccauley

    lmccauley
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    Holy carp, batman!

    I was quoted about £700 for a Honda S2000 (group 20). Finally, there is one advantage to being an old fart! :rolleyes:

    Cheers,
    Liam
     
  25. Paul O

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    Wow, those are some scary prices! Is it any wonder there are so many uninsured drivers nowadays! :mad:

    Might be worth checking the insurance group on the 106 - it could be pretty high. I know things like Fiat Cinq's are group 1, so are mega mega cheap to insure.

    Best options I found when I was a youth were either become a named driver (so someone else insure it, and you are named on the policy). The disadvantage is you don't earn any no-claims, but you'll save about a £500 anyway, so this will offset the extortion!

    If you don't want to do that, buy a copy of Max-Power. In the back its full of insurance companies specialising in high performance or young driver cover - and each one I called beat the last one, so its worth a go. 3rd party F&T used to be loads cheaper, but I think the gap has narrowed now.

    Good luck! I can't believe how expensive that is! :eek:
     
  26. chedmaster

    chedmaster
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    my dad paid about £350 to insure his 4.0 litre v8 jag xj! he had the advanced driver pass thing and lots of no claims though!

    106 is group 3, so not too high but not perfect, ive just always wanted it for my first car.
     
  27. eviljohn2

    eviljohn2
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    If it's of any interest I much prefer my Mums old style 106 (N reg) than my girlfriends new style 106. Both very comfortable though. :)
     
  28. eviljohn2

    eviljohn2
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  29. chedmaster

    chedmaster
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    and i have got mine down to £1400 (£140 a month) using my mum as the main policy holder then naming me on it. no no claims for me, but my mum has never had her own policy either :eek: always been on dad's so she needs no claims as much as me :).

    also as im only 17 i cant pay monthly so it reduces the initial cost of buying the car by almost half :eek: :D :thumbsup:
     
  30. Ed Selley

    Ed Selley
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    I beginning to feel that my £597 from Admiral for 25,000 miles a year fully comp isn't bad for a 24 year old then. It does irk me a little that the Mrs (now 25) insures an identical car over an admittedly smaller milege for about 37p :mad:.
     

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