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under 18 car insurance

Last post Wed, Dec 05 2007, 8:32 AM by Red Yulfie. 26 replies.
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  •  Wed, Dec 05 2007, 8:32 AM

    Re: under 18 car insurance

    If you were the insurance company and it was your decision with your money at stake, will you accept liability in those circumstances? Insurers don't use vague words such as "should" and "could" as there is an element of doubt in their meaning.

     

     

    • Post Points: 5
  •  Mon, Dec 03 2007, 1:50 PM

    Re: under 18 car insurance

    But what i dont understand is if policyholder has taken alll reasonable steps to keep car secure and keys in safe place then surely the insurer should be liable still.

    You could say policyolder has contributed by living in a bad risk area or buying a highly favoourbale car for car thieves to steal,yet insurers will cover for those risks so why is this one so easy to get out of paying for??

    • Post Points: 20
  •  Mon, Dec 03 2007, 1:37 PM

    Re: under 18 car insurance

    That's because the policyholder has contributed to the loss by leaving the keys about. Any excuse not to pay out.

     

    • Post Points: 20
  •  Mon, Dec 03 2007, 1:16 PM

    Re: under 18 car insurance

    If you are talking about the payout,its something i read in my company t+cs about if someone living at your home i.e family memebr or lodger,steals your car and damages it,the insurer i work for doesnt pay out for any damage or write off caused by this.

    I can get on in this industry no problem,you just have to work the system to the customers advantage and do the best you can for them,without impacting on the insurers profits.

    • Post Points: 20
  •  Mon, Dec 03 2007, 12:49 PM

    Re: under 18 car insurance

    Most T&Cs are fair but hardly read in detail or not at all until it is too late.

    Raising the premium for a change in risk (ie passing the driving test) will not necessarily be in there, but not telling the insurer that a driver has passed their test could invalidate the policy. A scenario - learner driver is insured as provisional driver in Mum's car, passes the test and takes Mum's car to school. At lunchtime takes a few friends out and showing off,  crashes. Unless they have told the insurance company of the change in status, not insured. 6 points, licence gone until test is retaken - insurance in the future - forget it or think of a number and double it.

    Most people believe that a learner driver is a greater risk - wrong.

    Don't understand your last paragraph - what is that all about?

    An insurance underwriter with a conscience? Steady on, you will have to have that surgically removed if you want to get on in that industry.  

    • Post Points: 20
  •  Mon, Dec 03 2007, 9:48 AM

    Re: under 18 car insurance

    Chances are he probably has not and chances are quinn probably will raise the premium if the quote he took up is dirt cheap,a lot of people who read this thread that are not regular memembers need to understand that they have to check for all eventualitys cos if they dont you will see it bite you on your backside.

    I hope the worst scenario doesnt come around for this customer.

    Im starting to have a guilty concience working for insurers for last 4 years till present when i hear cases like this ,just finished a underwriting  course,came across lots of exclusions in my companys policy booklet i never knew about and most of the general public wont find out unless they read the t+Cs beforehand.

    How can a insurer not payout if someone steels your car without your permisson and they live in your home,surely if the police are able to prosecute then whats the problem.

    • Post Points: 20
  •  Mon, Dec 03 2007, 8:34 AM

    Re: under 18 car insurance

    Did you ask Quinn what the premium would be after your son passes his test?

    We have seen situations in the past where the premium from that company virtually double after the young driver passes the driving test by which time you are trapped. I sincerely hope that I am wrong, but all that glitters is not gold.

     

    • Post Points: 20
  •  Sun, Dec 02 2007, 10:30 PM

    Re: under 18 car insurance

    There is a scheme for young drivers that manages the insurance risk. I do have an interest in the scheme but also a passion for keeping young drivers and their passengers safe. The risk is managed by supplying newer cars with higher safety ratings with better controls, power steering, ABS brakes etc and insisting upon additional driver training such as Pass Plus. The insurance premiums are, however, a fraction of market rates

    Taking a logical approach, a driving instructor teaches a pupil in a new car with modern technology and the chances are all the controls do what they should. After passing a test which is taken in relatively benign circumstances, the young driver now has the ability to drive any heap. Any 10 year old car will still be relatively expensive as they carry small car premiums but they handle like puddings compared to a new car and that is if everything still works properly. Put a few friends in and that pudding turns into blancmange, with an inexpreienced driver at the wheel.

    Who teaches young inexperienced drivers to drive these older cars? Any youngster in any era is/was tempted to push the boundaries, some learn by their mistakes, some are risk adverse, others are not so lucky. Of course older drivers will be a better insurance risk, they have a more miles under their belt.

    Government stats show that 1 in 5 young drivers will crash in their first 12 months behind the wheel, on this managed scheme it is closer to 1 in 100. Whilst there have been a few write offs out of the 600+ cars on the scheme, only 4 were the fault of the young drivers, with no injuries or worse. In one of those the father is on record as saying that his son and four passengers would not be alive had the car a few years older, such was the severity of the crash As it was they were wearing seat belts, the 6 air bags deployed and they just opened the doors and stepped out.  

    OK this scheme won't be right for everyone as it involves a new or nearly new car and economic reality comes into the equation but there will come a point where young driver insurance will be so high that managing the risk will be the only way forward. As from tomorrow, one large company no longer insures under 25 yo, even as a named driver - other companies will follow, reducing the options and this will send premiums up for this sector.

    • Post Points: 5
  •  Sun, Dec 02 2007, 7:12 PM

    Re: under 18 car insurance

    My view is you are talking nonsense,,sorry to be so blunt but its true.

    Inusrance stats prove over 50s are 36% less likely to make a claim than under 50s plus over 70% less likely than under 25's.

    As for setting a rate of £300,you really have no clue about insurance risk ,people pay a lot more than £300 with more driving experiance and maximum ncd!!

    Rates are likely to be because a variety of different reasons

    1)driver age and length of experiance driving(in your students cases no experiance means no meaningfull driving awareness/experiance on their own without an aid)

     2)general risk in that age group,area and car group

    3)-average of £30 premium is loaded to put towards cost of dealing with un-insured driver claim.

    If we gonna talk sense about a set rate lets say upto £1000 for low group cars and upto £3000 for the boy/girl racers wanting to insure turbo cars,im talking about a cap rate cos some younger drivers deserve good rates and some dont!!

    • Post Points: 20
  •  Fri, Nov 30 2007, 11:29 PM

    Re: under 18 car insurance

    I am a Driving Instructor and I find it appalling that young drivers are persecuted in the fact that they have to pay a premium  higher than anyone else. At the point of going for test they are probably the safest drivers on the road at that particular time. I teach several students who are from under priviliged backgrounds who can only afford the most basic of cars but because of their post code pay the most outrageous premiums. Why not set a one fee tariff of say £300 for a new driver and restrict them to 1000 cc for the first year, then if they commit driving offences and other such mis-demeanour*** them with a hefty rise in their second year. The high premiums only lead to a rise in young drivers driving without insurance and when an accident occurs everyone suffers. Older drivers I find are more likely to be involved in accidents or indeed cause them so my next point is that after a certain period of driving then people should be re-assessed for their continuing abilty of fitness to control a motor vehicle. What are your views?
    • Post Points: 20
  •  Tue, Nov 27 2007, 7:27 PM

    Re: under 18 car insurance

    I read all these postings when trying to get car insurance for our 2nd small car which my son could learn to drive in. I found the cheapest way to insure it was in my name which was a bit of a shock as I have never had car insurance and therefore had nil no claims discount, with  my husband and son as the named drivers. This saved me about £300. I found Quinn  Direct to be the most competitive of all.

    Good luck

    • Post Points: 20
  •  Wed, May 02 2007, 4:49 PM

    Re: under 18 car insurance

    There is a policy available through "And insure" where all a families vehicles can be put on one single policy. The only stipulation is that there are more cars/vehicles than people, young drivers are ok and all drivers earn their own bonus. Give  them a call on 0800 846 846 or go to the website.
    • Post Points: 35
  •  Tue, Apr 24 2007, 9:19 AM

    Re: under 18 car insurance

    I insured my first car when i was 19, a 1.9 deisel R reg clio worth £800, for me and my partner it cost £1700!! i was suprised but that was the cheapest that returned (at the time i used confused.com) this year (now 20) i used moneysupermarket and both of us got insured on a 53 reg 1.4 HDi 206 worth £5000 for £900! I dont understand insurance companies and dont think i ever will. Moral of the story is,  you can be lazy and still do it yourself by using sites like this one!

     PS i also have a pet hate for young people who get everything payed for by their parents when i have to work hard to get a car on the road.

    • Post Points: 5
  •  Tue, Apr 24 2007, 8:53 AM

    Re: under 18 car insurance

    Hi,

     Im not a car insurance company owner and i dont promote any car insurance company here...but if you really need a cheap car insurance for your 17 years old kid make a research, collect carinsurance quote (maybe 10 companies) and see what would fit your needs and the cheapiest offers...

     I suggest start with this website http://www.nightbirdssolutions.com website its a car insurance listings where can find almost all car insurance company....i personally use it when im searching for my own car insurance needs..

    • Post Points: 20
  •  Tue, Mar 27 2007, 6:10 PM

    Re: under 18 car insurance

    You are lucky you have a daughter ........ Last year my son passed his test at the age of 17yrs 46 days. Up til then my wife and I shared a group 10 people carrier, cost to insure £400. With now 3 drivers in the family I decided it was time to get a 2nd car, I picked a group 2 corsa that my son & I would drive. My wife took over the Insurance for the people carrier at an additional cost of only £50 after doing a lot of shoping about (she has never had her own car ins so I thought it would be more) Anyway lucky for me I have 10 years no claims protected, I shopped round for the corsa and in my name alone could insure it fully comp for £200, put my son on it (and he had passed his pass plus by then, quotes £1500 ! started coming in AGGGGG. After using all the price comparison sites & reasearching other myself the best I could find was £750 which I obviously took. This years renewal came in more expensive (cant work out why as he now had a years experience and there had been no accidents) so I hit the internet again. I wanted to get him his own no claims to help him out a bit in the future so looked very carefully @ direct line & tescos. I have decided on Tesco, me & him £1450 ! ....... me and him and his girlfriend who is a student with a provisional & wife who I had taken out tesco insurance for our other car and got a further 10% of for 2 cars in the family only £950..... Still a lot but how do they work out a male with a full licence with me is so much & with a L female it drops £400 ?
    I have decided for the extra £200 its worth getting my son and girlfriend on there own ladder with tesco no claims.
    Hows this for stupid ...... If my 18 yr son married a more mature lady obviously with lots of no claims and she took out the car insurance I get quotes back for £300 on a sensible car ?
    Its worth experimenting on these web sites to see how you can legally get lower quotes (might not be worth getting married for)
    As a matter of note I researched my son (with pass plus) getting his own insurance on the corsa with only him the driver, the best I
    could find was £2200 .
    Happy Hunting .... It could save you thousands of £
    • Post Points: 5
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