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Discussion Starter · #1 ·
Ok ive got a 1.6SE arriving in a month or two.

Should i insure in my name or insure in my dads name?

Quotes in my name have been like ?6000 on superquote.com, whereas its alot lower about ?1400 with me as a named driver.

The only thing i want to be careful about is the insurance company turning around and telling me to wee wee off and not paying out on a claim should i have an accident.

Someon mentioned CIS - their online quote gives me :

?12961 which is alot cheaper than norwich union at ?1400.

Driving Restriction: Any Driver (including additional driver(s) under age 25)

Whats that all about? Does that mean i would be adequately covered?
 

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I would read that as "NO driver under 25 years old!" Always best to get your own insurance, it's the only way for sure you're not breaking any laws!

At your age I had a 1.3L Metro worth ?800 and 3rd party insurance was ?850!!! So it would show that insurance companies are scared about you owning such a nice car. They realise most accidents will occur in the first few years of driving!

I believe all policies indicate the policy holder to be the main driver. If they find out after an accident the named driver was driving it more then they might not pay out..

Have you tried putting your Dad on as a named driver?
 

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The CIS policy is actually quite good. When I was 17, we had the local agent round to quote us, explained the situation to him (very similar to yours) and he suggested that we go for the "Policy holder and Any driver(s), inc. those under 25 driving with the permission of the policy holder". This worked out so much cheaper.

My little brother is just 17 and has passed his test, we've gone down the same route for him & his 6n2 polo.

How old are you now??
 

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Discussion Starter · #4 ·
i am coming up for 19 in august. So CIS doesnt mind? In reality i will be driving mostly - but we live in london and my dads other car is a V8 so not very fuel efficient so he probably will drive my car a bit as well.

Its the only way i can afford the insurance. I didnt drive when i was 17 because i didnt want a banger :) Now ive worked my *** off for two years to be able to afford a nice car - but flip me ?6k for myself on the insurance no thanks!
 

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Green Light insurance love golfs and you'd be ok with them. Tesco are pretty good for younger drivers too but i'm also inclinded to agree that you're paying for the car you drive rather than your age.

We all started getting ripped off on insurance and it only gets lower but not by much :)
 

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I'm 19 and my insurance on a 1.6 A3 sport that i'm looking into getting is less than ?2000 with me as policy holder and my dad as named driver. Best bets i found are Elephant, Norwich Union and Endsleigh (especially if you are a student)
 

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Discussion Starter · #8 ·
think its gonna have to be CIS as ive seen them a couple times in here with regards to named drivers etc..
 

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and whatever you do please please please check out about the modding side of things. for example...i was with direct line for 2 months when they told me because i was under 25 i couldn't mod the car AT ALL...so i've moved over to elephant. now most companies won't actually replace the mods like for like but at least you'll have a policy
 

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Quote: posted by dogzilla on 05/05/2004 14:36:36

i hope my alloys arnt MODS, they come with the car :)

If they are an optional extra then most companies will make you pay extra, as they make your car more desirable to theives, but if they need replacing after an accident will only replace with standard ones. All optional extras are considerd mods. my premium went from ?690 to ?885 when I added them to my policy with Admiral(sports suspension, leather interior and in-dash cd changer)

Give VW Insurance a ring as they do cover optional extras, there number is on the VW uk website.
 

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I think the best bet would be to keep in ur parents name for a year, then start looking around for your own quotes. I've been looking this morning and Admiral/Elephant are still nearly half the price of anywhere else @ ?700. Tesco next @ ?1350 . . . I fell off my chair laughing @ a few of the quotes!!

Dogzilla: Where in london r u ??
 

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Discussion Starter · #13 ·
Im in east london, E10. I will only have it in my parents name for a year. Im doing my pass in a couple weeks - local guy will do it for ?150 and he said im guaranteed to pass :) ( hes a proper instructor )
 

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My 1999 Bora 1.6SE was ?341 to insure when I was 19 with Direct Line. That was with two years NCB and 2 years licence. Got similar quotes from Egg and Tesco - buying online rather than phoning them seems to help.

I would forget mods for the time being unless you want to pay a lot more - I think Tesco allow it, we had a 19 year old here with a HEAVILY modded Bora 1.6SE and all mods declared with Tesco, and he had a write off previously. Greenlight, Brentcare, Adrian Flux etc wont touch anyone without a years privat NCB - trust me Ive been there.

Get a policy in yoru own name - its not worth not doing it. Dont pay ?2k bcause thats stupid, but definetly do all you can to get a policy in your name. Try www.insuresupermarket.com , it can be a great place to find out which insurers to talk to. Thats what I did; Im 22 now, got this car when I was 21. I had 4 yrs NCB and got 66% discount for that - ?722FC (plus interest as I pay monthly). If I hadnt got that no claims it would be ?1600, so its definetly worth doing.

EDIT: Dogzilla, hes not doing you a favour on Pass plus!

A) ?150 is about average and

B) its not a test, you pass regardless by doing the course!
 

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Discussion Starter · #15 ·
The way i worked it out is

A) my insurance will be cheaper next year even if ive been on as a named driver.

B) I will have pass plus by then - so it will help me save some more as well.

The cost savings in the long term do not justify having my own insurance because i cant find anywhere that is any good. Norwich union want ?6k HAHA.
 

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Quote: posted by Mikedav on 05/05/2004 18:09:48

Get a policy in yoru own name - its not worth not doing it.

Thats what I always used to say, and thats what I did, but my bro's mates dad is an accountant and he wanted to work out figures before he payed for anything for his son.

He got loads of quotes for different ages and NCB's and added them all up, and found out that it worked out cheaper to insure Mark under his name until he was 21, then get his own policy.

There are benefits for both ways of thinking and I suppose it depends on individual cases and what type of car you will want when you are 21ish.

I would say though that ?2k is rediculous. Does your area have a high crime rate?

I reckon you should be able to get it for under ?1200.
 

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Stevoraith this is very true, but there are so many variables - the car you are trying to insure in five years time, postcodes, counting on not having an accident in that time - that I dont see how you could work it out beyond doubt?

When I was 17 I couldnt insure anything - it was ridiculous. So I went on a company car policy (?450 a year, any car, any purpose) and built up an NCB for four years. I kept an eye on quotes in my name to see when it got cheap - and as I say at 19, my old Bora was a piffling ?341 to insure. At 21 I got the V6 and my own policy with 66% discount for the NCB (?722). I got a quote recently for a 330Ci and it was ?640FC!! Not bad at 22.

I just think its worth getting the NCB in your pocket in the long run - nothing else seems to bring the price down year on year as quickly. If you dont, you just put it off - my insurance without the NCB would be 66% higher.
 

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Discussion Starter · #18 ·
london is one of the highest for car theft i think -especially east london. I got a quote here for a new corsa 1.0 - ?2300.

My golf is coming at least 4k from tesco and higher at other places.

Im gonna stick with a dual policy for a year - then with my passplus ill do the accelerated no claims scheme which i think means 5 years NCB in just 3 years!
 

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Discussion Starter · #19 ·
hold up wait a sec - company car policy?!?! Well i run my own business so cant i just make it a company car?!? ?450 for any car any purpose WHERE?!?!
 

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best thing to do mate is buy a pile of crap for 100 pounds, insure that by yourself on limited milage 3rd party and dont drive it. you'll get a year no claims easy and still have the pleasure of driving in your Golf
 
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