Extremely high quotes, is there anything that can be done to lower?

[sjwright]

Hi

My little brother passed his test today, and informed his insurance company of the good news. The bad news was that now he's passed, his premium will increase from £1892 by another £2270 for the last 5 months left on his policy.

He is 18, has no convictions, and no no-claims, lives at home with my mum and is a full time student. His town of residence is Northwich. His car is a 1999 Ford Fiesta Zetec 1.25.

Is there any insurer who is good for young male drivers, because we did a quick check on go-compare and his quotes are coming in at 5000+ which is absurd.

I spoke to his insurance company myself to enquire why the quote was so stupidly inflated and they put it down to uninsured drivers. I cannot see how they can justify such a quote, as high quotes is only going to encourage more naive young drivers than my little brother to drive uninsured.

Any help would be received with gratitude, at this rate he simply will not be able to afford to insure his car and will have to sell it.

[bednobs]

well then that's probably what he's going to have to do i'm afraid until he saves up the mone beacause thats probably as cheap as he will get it. From insurers point of view, he has gone from always having to have a safe responsible driver with him at all times, to now being allowed to go out and drive how he likes on his own. Insurance companies set a premium based on risk, and it's a fact that young male drivers in the first year of driving are much more likely to make a claim than other people. He could try adding an experienced driver as a named driver on the policy to see if that makes it cheaper

[whiskeysheri]

It's the same for them all, sjwright. Actually, your brother's is nowhere near as high as it could be. My little brother, also 18, recently passed his test. He has a crappy, old M-reg Fiesta and he was being quoted £4000-£5000 with everyone he tried. He even took his PassPlus course in the hope it would lower some of the quotes, which it did, but only the highest ones to start with. After months, and I do mean months, of phoning around, he's just managed to get one for £2700 (TPFT) with Elephant and with my mum as a named driver.

It's just how it is now for young people. Insurance companies just don't want them.

[factor-fiction]

Young drivers are a major risk and I wouldn't be surprised if insurers lose mony on young drivers despite the high premiums.
Tell him to get some quotes with his mum added as an additional driver, as that can help.

[mk1975]

a friend of mine just passed his test and got his lisence, he is 17. he got avery good quote from the cooperative. if im not wrong, about 2 grand he said.

[mk1975]

a friend of mine who is 17 just got his driving license and got very good quote from the cooperative.if im not wrong he said about 2 grand fully comp.im not sure if he put his dad's name on policy as well, he can try either way on their website and see what prices he'll get.

[Buenchico]

As others have stated, adding an experienced 'named driver' onto his own policy will probably result in a reduction in the premium by at least 20%.

It's also worth checking the cost of policy types which you might (falsely) think would be more expensive. For example, 'third party, fire & theft' is usually cheaper than 'third party only' and (even odder!) 'fully comprehensive' can sometimes be the cheapest of the lot!

For further suggestions, see this page:
http://www.moneysavin...surance-young-drivers
In particular, scroll down to "Step 3: Specialist young driver policies".

Chris

[grffindoor2011]

Standard prices really. My nephews premium is 8k.

I'm sure if us older drivers had premiums that high then there would be a higher percentage of our age group driving around uninsured.