It is a while since I had to face this problem so wonder if anyone can suggest best options.
Wondering if, in the short term, it would be cheapest to insure car for myself with daughter as additional driver while she is learning, or should I just bite the bullet and insure for her (17 year old).
Any advice welcome! Thanks
cheapest option for YOU is to get her to pay for it.
seriously though, IIRC cheapest is to put her on the insurance for your car until she passes her test
When my son got his insurance was £300 cheaper when he added me to policy as an additional driver
Still £1100 3rd party,
Im 24 now so a few years out of date, but when I was just starting to drive it was far cheaper for me to be a named driver on my parents policy than for it to be in my own name with them on.
Even thoguht you dont earn no claims the amount it comes down with age in the first few years is greater than the NCD. At least it was 6/7 years ago.
Get her a mountain bike?
TBH, I'd be wary of the 'named driver' route. Time was that this was a bit of a cost-saving loophole, but it's one that got plugged a long old time ago. Conversely, she won't be earning any NCB of her own whilst she's on your policy, and when she has an accident do you really want that on your insurance?
I think your best bet all round is for her to have the policy in her name, and to shop around very carefully for the cheapest-to-insure car you can find.
I think your best bet all round is for her to have the policy in her name, and to shop around very carefully for the cheapest-to-insure car you can find.
I've also heard it makes it cheaper if you are a named driver on her policy.
There are a few products designed to Insure a learner driver on your car as a separate policy. As a temporary product it’s not too bad, about £90 a month and as it’s a separate Insurance it will not affect your no claim bonus if a claim occurs on your car. Worth a thought until you find them their own car.
As for what’s cheapest, a policy in your name would probably be the way forward however, likely they would not earn any no claim bonus and, if there is an accident (and lets face it, they likely will be) it will go on your claim record thus bumping up your own car Insurance. If you get a quote within a few hundred pounds in their own name as it would have been in yours I’d strongly urge you to bite the bullet and go down that road. Worth it on the long run IMHO.
As a learner, she has to be accompanied at all times so it's relatively "cheap" - the real hit will come when she's on her own. Current average under 18 price is £500... per month.
If she's the main driver then that's how it should be insured, anything else is fraud. You may find, as suggested above, that adding you as an additional driver helps keep the costs down (besides, if you're in the car teaching her to drive, you will probably need to drive it at some point anyway).
HTH
Conversely, she won't be earning any NCB of her own whilst she's on your policy, and if she has an accident do you really want that on your insurance?
FTFY
[url= http://www.provisionalmarmalade.co.uk/ ]Have a look at Provisional Marmalade[/url]
Nope, it was right first time... :oP
Just to confirm. As I did for our daughter the best long term option is get the insurance in her name on her own car with you as a named driver. This will start building NCD from the get go. The premium will jump when she passes unfortunately.
Apply all the usual mitigation techniques. Cheap to insure car rather then the one she wants, not always obvious. Talk to a broker or play on the comparison sites. Restricted mileage, garaged, non-commute etc.
FTFY
That wasn't a typo.
Hmmm.....a few quotes coming out at around £1000 comprehensive on a 1.1 car - less than expected, but obviously because she is acccompanied for now.
Thanks for the responses!
Admiral multi-car was cheapest for the 18 yo driver in our house. He has his own policy with his mum named on it for a 1.0 micra and all up we paid £1200, the month driving as a provisional driver with no problems reduced the original premium quotation by £300.
Nothing to stop you getting a quote going "yes, she's 18 with a full licence" to see what it comes out as. That's what I did when I was learning - I didn't have a car / insurance till after I'd passed.
RAC is looking best bet so far, got a quote for full licence as well, not as bad as expected...Heard about Admiral before, but tricky to achieve as 3 different insurers all with different renewal dates..
on my insurance and im 22 i put my mum as a named driver and it brings it down by 455 pound a year she has neva driven my car as she would kill her self in it but money saving. we did the same with my misses car as well put her mum on it and she see what saved 400 pound.see wat happens with quotes. ive been on my own since 17 and it makes a difference now because my ncb i have got. i pay on a 1.6 gti fully comp breakdown everything £825. and they wanted £1100 for a 1 litre.
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Uphilla,
Having gone through this twice recently there are no fixed rules, shopping around and carefully choosing the vehicle concerned are important. Big plus is you are insuring a lady rather than a boy.
Admiral offer a plan for 10 months, after which you get 1 years no claims bonus. Assuming a no claims year this gives advantages in year 2. We have just paid for a 10 month "second year" after which you get two years no claims bonus. A calculated risk I guess.
My daughter has a Suzuki Wagon R. Possibly the most unstylish vehicle on the road, however tax is £120 / year and for a 1.3 engine it was one of the cheapest vehicles to insure, well under £1000.
You also have the option to restrict the annual mileage which effects the premium, if you find you need more miles this can be added later.
Also found having two mature drivers also on the policy reduced the premium, most of this you can play with online to see the effect of various changes.