Car insurance for daughter - what to do?

[beanzontoast]

Could do with a bit of advice here from people who've been in / are in a similar situation.

My daughter is 21 and has just passed her driving test. She can't afford to get a car of her own. Her mum and I share a car between us and I'd like daughter to have use of it. The car is 10 years old, so not worth a great deal (though has relatively low mileage for its age) and at the moment our fully comp insurance premium benefits from the fact I'm over 50 (as will be Mrs B this year).

What's the best way of moving forward with this?

 

[Will1985]

Well it's definitely going to hike up the cost. Not much can be done about that. Her own insurance would be astronomical compared to being a named driver on your policy. One car in a household won't make the insurance company question whether you are fronting either.

 

[ian789]

Female and 21 the premium shouldn't be too bad. Your current insurer may have age restrictions so you should ring them and see what they can do.

I'm a 20 year old male and pay £900 fully comp for my insurance.

 

[ajb]

feel for you, we put our 19yr old Son on our's, went from £186, up to almost £600

 

[gavintc]

There are few options, but swallow the cost. However, before simply paying up to the current insurer, it may be worth getting a brand new quote and cancelling your current policy. Do the comparisons, and you might find it cheaper to cancel and re-insure. Some companies do not like young drivers and will load you policy.

 

[biggs682]

we saw one advertised for teens that was good as only allows for pre 11pm driving , and vehicle was fitted with tracker so they can check on times and types of driving being done , if i can remember name will come back to you

 

[Ghost Donkey]

Your daughter should benfit. Some insurance companies will give a no claims discount on her future car if she buys one based on the years she has been on your policy without making a claim. I worked up my no claims the expensive way while friends were being granted up to four years no claims from being an additional driver on their parents car.

 

[beanzontoast]

Gavintc - may well need to change provider. When I asked them last year (knowing she was learning to drive) the guy at the brokers said he though we'd probably have to change as he thought our current insurer had given me a discount for being over 50 and didn't extend to young named drivers.

Anyone know how our no claims bonus is likely to be affected? At the moment, it is 'protected'. Do insuresrs allow you to still protect it for individuals if you have a young(ish!) driver on the policy?

 

[steve52]

sorry to say the only sencible way forward is to sell daughter and buy some new carbon

 

[srw]

Anyone know how out no claims bonus would be affected? At the moment, it is 'protected'. Do insuresrs allow you to still protect it for individuals if you have a young(ish!) driver on the policy?

That depends on the company and how their underwriters decide to word the policy. Your first step should be to call your current insurers for a quote. Then, as someone else has said, take a look around the market - the aggregators (comparethemarket, moneysupermarket and the like) are the simplest way to get a good idea of what the going rate is.

The European court judgement potentially affecting rating by sex is due out on Tuesday at 12 noon, so you could already be too late, depending on how quickly insurance companies can physically change the rates they charge.

 

[jig-sore]

only one thing to say on this... cheap insurance is NOT necessarily GOOD insurance !!!

 

[Sleeping Menace]

I must be the most horrible person in the world...
If she were she my daughter..she'd be driving when she was working, paying for her own car and insurance.. and not before.. not out of spite or anything, that's just the way I feel it should be.

having said that.. I'm sure I've seen ads on telly for companies which allow you to add younger drivers without massive penalty.. if I see it again, I'll toss it in here.. Also, I've got quite a few Lloyds brokers as clients, let me bounce it off one or two tomorrow and see if I can get any kind of useful answer for you.


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http://anotherdooratthe.endoftheinternet.org

Cycle related blog entries, including a few 5 minute reviews:
http://anotherdooratthe.endoftheinternet.org/category/cycling/

 

[mr_cellophane]

Check the Prudential. They had the best price when we added my daughters when they were still learning.

 

[Ghost Donkey]

For reference a friend was added to his mum's car for £10, in 1998 though, but it is purely down to insurer and policy. I changed my car last summer from a 98 mondeo 1.8 litre to a 98 saab 2.0 litres following an MOT failure. My insurance was due a month after and went up from just under £400 to £1000 fully comp with the same company ::. I have a clean driving license and maximum no claims. Shopped around and went third fire and theft for under £300.

 

[snapper_37]

I must be the most horrible person in the world...
If she were she my daughter..she'd be driving when she was working, paying for her own car and insurance.. and not before.. not out of spite or anything, that's just the way I feel it should be.

Am I missing something? Where does it say she doesn't work?

My parents gave me a help out on their insurance as a teenager as I'd have never have been able to afford it myself. YTS wasn't exactly brilliant money.

Hope you get something sorted beanz.