Now that she has passed her test, my daughter is obviously keen to get out on the road and so, last night, we spent several hours comparing meercats, in an attempt to find some affordable car insurance.
It’s ridiculous, the amount they charge young, new drivers today.
OK statistics may show that a higher number of accidents are caused by these newer drivers, but, that doesn’t mean that they are ALL bad drivers. It’s probably impossible to tell which ones are bad and which are good, I suppose.
But, premiums are going up every year and one cause of this is due to the number of uninsured drivers on the road.
Of course, a lot of these drivers can’t afford the high price that insurance premiums are costing nowadays and so they drive uninsured. Then they have an accident and so the premiums go up again the following year. It’s a vicious circle. (BTW, I don’t in any way condone driving without insurance!)
The only way they can get these premiums down, is to get older and drive without having any accidents. Age and No Claims make a significant difference to your premium.
As does where you live. Unfortunately, living in Luton, we’re not blessed with particularly good crime stats and so that adds a premium to the… er, premium.
Also (and I don’t understand this at all), your occupation can affect it, too. As a vehicle mechanic, Son pays significantly more for his insurance, than his mate who is the same age and has the same car (pretty much), but who works in retail.
Ridiculous.
Anyway, we got her the cheapest insurance we could find: £3,140.00.
That’s right: three thousand, one handred and forty pounds. Not that much less than what she paid for the car!
Just got to hope she gets older and doesn’t have any accidents.
Stone me, that’s pricey! Poor lass, that’s a terrifying amount of £s for an insurance policy. I’m guessing you accepted a sizeable excess to get it down to that too? Does it include a black box? I’ve seen a few cars with black box on board stickers lately.
No black box.
Could have got it cheaper with one, but she refused.
They are quite restrictive. She would have to be home by 9 each night… like a curfew.
That’s more than my gas, electricity and water bill together for the year.. I remember when I came across a young apprentice who was doing two jobs to afford car insurance.. they take all the fun out of driving..
I know.
Mad, isn’t it?
Bloody ‘ell.
I take it that includes full break down cover as the M1 will be well used.
Also a Porsche for a courtesy car as if needed.
No breakdown cover, no legal assist… nothing extra.
And that was the cheapest.
How much? What in the bejezus? That’s ridiculous. I also do not understand how a mechanic can pay more than a retailer when a mechanic knows how to fix the very thing he is insuring.
I don’t understand anything anymore.
Thank God she’s not driving a Lexus or Tesla. Congrats on the pass!
I think the thinking is that if you are a mechanic, you might ‘tinker’ with the engine (and/or other parts), taking it outside the manufacturer’s specifications.
Which he has – he fitted new speakers in the doors.
But yes, the whole business of insurance is a con, I reckon.