Young driver Insurance

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Keith 66
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Young driver Insurance

Post by Keith 66 »

My Son & i are just starting on restoring a 69 Pick up, he is 18 & just about to take his test.
Now i have phoned footman James for a quote & for myself aged 53 & the truck insured for 7k its come out at £160 a year.
They will not quote for my son as a named driver on my policy at all.
The other thing is if he is named as primary driver on a policy they will not insure at all unless he has another vehicle as primary transport.
In other words he will have to pay thousands for insurance on a modern car before they will insure a classic.
I have been a member of the mmoc for 25 years & my son is about to join but it appears the FJ scheme is not going to be of any help whatsoever.
Does anyone know of a company who will insure younger drivers at all?
Dave@FJ

Re: Young driver Insurance

Post by Dave@FJ »

Keith

I look after the MMOC scheme for Footman James. It looks like there's been some confusion with this. There is NO requirement for a modern everyday car on this scheme. If you can give me a call on 0121 561 6297 i'll get to the bottom of it

Many thanks

Dave
iprice85
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Re: Young driver Insurance

Post by iprice85 »

Hi, I am 28 and I have had quotes coming out at less than £100 for the year on a minor 1000, granted I never got the quote to insure it for £7000.

That quote was just with a normal insurer, not a specialist classic car insurance company. When I first got my car at 18 I was insured with direct line and they were very competitive at the time, I am with hastings now and they are quite cheap with very good cover, but don't go on their initial price, you need to have add ons to have cover worth having! The benefit of Direct Line is named drivers build up their own no claims, so if you were the main driver of the car your son would still build up his no claims, but only with direct line, I don't think they transfer to other insurers, but it might be a good idea to find a solution like that until he is a bit older.

I have heard positive things about Quinn and Marmalade as specialists in young person insurance. Some of the bigger companies also do this thing where you can add a "black box" in the car which monitors speed etc and they reduce insurance if you're willing to have one fitted. You can also buy a tracker on amazon for less than £30 now (although you need to put in a pay as you go sim card for it to work properly) which might help with insurance?

I hope any of this helps!

P.S he has to be one of the luckiest lads around, a pick up has to be one of the coolest things around, I'd love that now, never mind when I was 18!

Keith 66
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Re: Young driver Insurance

Post by Keith 66 »

He will be lucky if he ever gets insurance on it at all at this rate! Rh came in half the price for me but still wouldnt touch it with my lad either as named driver or unless he had a modern car as primary vehicle. Will give Dave at fj a ring.
Keith 66
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Re: Young driver Insurance

Post by Keith 66 »

Spoke to Dave & he got one of his blokes Gerard to ring me back. No requirement for a modern car as a primary vehicle.
With my lad Nick as primary driver & me as named driver quote was £1182 but we have an excess of £500 each. thats with a good agreed value.
Thing is he cant build a no claims bonus on a classic policy so we might as well keep the truck in my name with him as a named driver. Then the price drops to £561 with lower excess. Both options are for limited milage. Now i work in a college & hear the telephone numbers being bandied around for lads in a similar position driving modern cars, 2 - 3 k per year So i suppose it isnt too bad considering!
Tiny
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Re: Young driver Insurance

Post by Tiny »

The No claims bit is a shame, but I always wondered if this is true..
The Motor Insurance Database is now held online, and i believe is accessible by all car insurance companies, which they use to check for previous claims & convictions that you fail to declare etc when purchasing a policy..
Surely if that checks as clean and you have documents (insurance policy's) to prove you have had insurance for X amount of years.
Do you think most insurance companies would then offer you a No Claims Discount based on this information ?

I'm often wrong, but would be interested in other peoples views
qwerty165
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Re: Young driver Insurance

Post by qwerty165 »

I did hear someone say that they got a letter from a classic insurer saying that they had not claimed in x amount of years and the insurer they were insuring a modern car with then gave them a no claims bonus equal to the years that they had not claimed on their classic policy.

tysonn
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Re: Young driver Insurance

Post by tysonn »

Have learnt something there.It was my understanding ceratinly in all the years I've had classic car insurance that you had to have a "daily driver" too.Can see the point as they arent too bothered about the mileage when you take out the policy and lets face it you could just think of a number for it and use the classic daily.They would have no way of checking the mileage going up?
Keith 66
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Re: Young driver Insurance

Post by Keith 66 »

Mileage is recorded at the MOT, would the insurer have access to that data? i would think it possible today?
Last time the truck was on the road it was on limited mileage of 5000 a year & at the time there was a mileage carryover every year so it ended up effectively unlimited. It has been off the road for 7 years now so things have probably changed!
tysonn
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Re: Young driver Insurance

Post by tysonn »

Ah yes never thought of that.
TFM150K
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Re: Young driver Insurance

Post by TFM150K »

Keith 66 wrote:Mileage is recorded at the MOT, would the insurer have access to that data? i would think it possible today?
Last time the truck was on the road it was on limited mileage of 5000 a year & at the time there was a mileage carryover every year so it ended up effectively unlimited. It has been off the road for 7 years now so things have probably changed!
My "other" car is a van and that is on a limited mileage policy (6000miles) but that does NOT have a carryover - and yes, insurance companies do have access to the DVLA records..including the MoT mileages.
:roll:
tysonn
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Re: Young driver Insurance

Post by tysonn »

So in theory you could when asked your average mileage when insuring your daily say, for example 6000 a year.Your insurance company could notice between MOTs that in the next year you had actually done 8000(always thought it a bit daft expecting you to estimate how many you will do)and void your insurance?or record it to refuse you if you try to make a claim?
mike.perry
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Re: Young driver Insurance

Post by mike.perry »

As pre 1960 cars do not need an MOT no mileage will be recorded, therefore no DVLA records to check
[sig]3580[/sig]
Keith 66
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Re: Young driver Insurance

Post by Keith 66 »

But if year of build is the factor it will be. Our pick up was built in 1969.
Tiny
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Re: Young driver Insurance

Post by Tiny »

Yes I believe that Insurance Companies do have access to the MOT recorded Mileage, and have read somewhere that failing to update the mileage on your policy to reflect this can result in a refusal of insurance.
Which then means when you answer the magic questions when getting a quote "have you ever been refused insurance ?" will result in an answer YES, Which I guess makes things a bit tricky

Again I might be wrong, Maybe someone who understands car insurance better than me can put the record straight
Tiny
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Re: Young driver Insurance

Post by Tiny »

Of Course if you are doing a big journey somewhere, You could just remove the speedo cable and use your sat nav for a speedo

I don't condone this behavior but it is a easy solution that gets you around the limited mileage issue
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