Tips please...

[pinkduchess]

i will soon need to insure my daughter on her first car & was wondering if there were any pointers or things to watch out for

 

i know youre not allowed to 'front' a policy by having the child as a named driver if they are actually the main driver .......but does having a parent as a named driver on the policy make any difference...think i read somewhere it could bring cost down?

 

should i just do a comparison website check

 

or use a broker?

 

and what about excesses? keep high or low

 

and 3rd party fire & theft or fully comp

 

was hoping some of you may have already been through this process & know the best way

 

thanks

[caro]

Just insured my son for his first car and did it with the same company as me as they offered a discount for a second car in the household. It was also cheaper to have me as a named driver. They will probably insist on a high excess (around £500) but oddly fully comp was either the same as, or possibly cheaper than TPF&T.

 

I had already had him on my insurance with direct line as they let named drivers have a no claims discount, but they aren't that cheap anyway.

[Castlebest]

The insurance industry is all about risk... they gamble that the policy premium money they collect from everyone will be more than the money they have to pay out to people who collect from their policies. Insurance companies spend a lot of time and money analysing the claims that are made against their policies so they weight the premiums in favour of the lowest claim demographic in the male/female/age/marital status etc categories they analyse to formulate the basic premiums they charge.

 

These are what you should find on the insurance search sites, each companies assessment of the basic risks you have told them about in the pages you fill in there.

 

On top of these base premiums you can reduce or increase the actual premium you pay by altering the risk the company is taking.... for instance increasing the excess (the first bit of any claim that you pay for) should decrease the premium but it will mean you will have a bigger bill if there is an accident. Third party insurance should also reduce the premium but this actually means your only insuring for damage or injury to other people not for anything that happens to your car and I suspect a lot of companies dont like this type of insurance with younger drivers... would explain Caro's comment on TPFT.

 

Just like gambling its all reliant on assessment of the risk you want the insurance company to take.... how lucky do you feel?

 

pete

[caro]

Although my son's car is insured fully comp, the reality is that it's probably worth less than the excess so he wouldn't get anything for it.

[pinkduchess]

thanks for your replies ...will see what they come up with on the different variants then

[dragonkeeper]

 

 

The best thing about comparison websites is you can get different quotes from alot of companies.

When I search for insurance I try at least 3 websites.

My daughter always has a quote from the broker she uses , then inputs info on comparison websites then phones broker to tell them what they comparison website quote is, broker returns with a better offer which she the accepts.

 

She gets a lower quote with me as a named driver.

 

In your own case you might want to check multicar insurance companies as well

 

 

as caro said depends what the difference is between fully comp and TPFT.

 

 

 

 

dk

[caro]

Don't forget companies like Direct Line and Aviva aren't on any comparison sites.

 

Cashback sites might be worth a peek too, but clear your cookies if you use a company whose site you've already visited.

[pinkduchess]

thanks DK.....i see youre liking the smilies!!

 

i think ill be busy sufing tomorrow then!

 

how do i do that caro? & what do cookies do

[dragonkeeper]

 

Don't forget companies like Direct Line and Aviva aren't on any comparison sites.

 

Cashback sites might be worth a peek too, but clear your cookies if you use a company whose site you've already visited.

 

 

 

Caro I do not think mutlticar companies on comparison sites either.

 

 

 

 

dk

 

Yes pinkduchess I do like the smilies

[Guest Jason King]

Tell your daughter to buy her own policy in her name where she earns her own NCB. She will thank you for it in a few short years.

 

Yes it will cost but only for the first couple of years and even this can be trimmed by buying a sensible car (ie a small engine) for her capabilities, where I assume she is inexperienced on the road.

 

The NCB she builds up will instill a sound discipline to driving and if she is now, say 17, by age 20 she will have very affordable insurance in her own right.

[determindator]

The best deal I got was with Admiral for my son. There's the young persons loading which I believe all policies will have until you're 25, in his case £150, + £100 excess so in total £250 to pay in the event of an accident. Quite low I think. We are all in a multiple policy and your protected no claims is not affected if anyone in the policy has an accident, as each person is treated individually. If you pay for the full year instead of monthly direct debit there is a substantial reduction in the premium. Just recently needed them to sort something and the after service is efficient and highly professional, such a refreshing change to many customer services. I love Admiral!

[SOD'EM]

Regardless of circumstances. ecar always seem to come out on top when it comes to car insurance.

[determindator]

I will see if they give a cheaper quote for my son out of interest. When my son was 18 cheapest quote he got was £1600, not Admiral at that time. Most quoted IRO 3k+ well he's a young male!

[pinkduchess]

didnt get round to looking today but will take all your comments into consideration when i look...tomorrow hopfully....thanks all

[locutus]

Also consider that price comparison sites make money from your data, and are commonly very sneaky about getting you to consent to 3rd party marketting... read the small print and tick boxes carefully (some are tick to opt out, some are tick to opt in, and commonly next to each other LOL!)