My daughter bought a small 1.1 renault clio back in september 2007, and Insured it in her name with me, her dad, as a named driver.
I have full NCB and have no convictions or accidents. She was a 17 year old learner driver and we insured the car with Quinn, Third party fire and theft. My other daughter was also insured with quinn and we found them to be an excellent insurance company with first class customer service and communication.
In dec 2007 my daughter passed her test, and naturally we contacted the insurer to tell them of the good news.
Good news for them that is, as we were informed that she had an extra £300 insurance to pay for passing.
I am aware that young learner drivers are a high insurance risk, and are prone to having accidents within the first years of driving. As a new driver, now on her own as opposed to having someone with her, I am aware of the increased risk. I was somewhat suprised with the £300 increase ( it would have been more but this is pro rata for the remainding 9 months).
Surely this is the latest little gem by insurers to profit from the youger drivers. Also catch 22, dont pay the extra, and you do not get a no claims discount and also pay the extra admin fees for cancelling the policy early, or you just go with it.
Internet searches for her show that all insurance companies now seem to add £300 - £400 for passing, This was not the case in 2006, when my other daughter passed and there was no increase with Quinn.