Insurance incentive for youngsters.
#1
Insurance incentive for youngsters.
Been chatting to a lad I know this evening about insurance. He's 17 and currently doing his lessons so has been searching for insurance prices.
Ofcourse everything is crazy expensive and completely beyond the reach of 99% of young lads. He wants a Citroen C4 Loeb edition (1.6 16V) and was getting quotes of circa 6K fully comp. He then spoke to 'CoOp insurance who suggested something that would dramatically decrease his premium. It's called a black box, it's fitted to the car and monitors things like speed, acceleration, cornering and braking. By having this little box installed will drop his policy to little over £1100 !!.
What a great idea for youngsters to get started hey, obviously you can't drive like a prat or your policy will go up or even be cancelled.
First I've ever heard of something like this, anybody else have any experience with it ?
Ofcourse everything is crazy expensive and completely beyond the reach of 99% of young lads. He wants a Citroen C4 Loeb edition (1.6 16V) and was getting quotes of circa 6K fully comp. He then spoke to 'CoOp insurance who suggested something that would dramatically decrease his premium. It's called a black box, it's fitted to the car and monitors things like speed, acceleration, cornering and braking. By having this little box installed will drop his policy to little over £1100 !!.
What a great idea for youngsters to get started hey, obviously you can't drive like a prat or your policy will go up or even be cancelled.
First I've ever heard of something like this, anybody else have any experience with it ?
#3
He should add one of his parents on to his insurance as a named driver. This will allow him to still be the main driver and registerd keeper of the vehicle without causing himself any interest from the 5 O by lying and saying that he is the named driver
#6
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I have heard of this and think its a great idea
We should not tar all young drivers with the same brush just because we cannot prove what they drive like
My 18yr old son with 1 yr NCB on a 998cc mini pays £2100
We should not tar all young drivers with the same brush just because we cannot prove what they drive like
My 18yr old son with 1 yr NCB on a 998cc mini pays £2100
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#10
I looked into this a year ago. My son was quoted 4k for a group 1 car. The black box dropped it to 3.5k. Was not worth the trouble and expense of having it fitted. I bought him a push bike instead.
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Its only a matter of time before these "black boxes" will have to be fitted to all cars on the road. Soon as you make boost in a healthy Subaru from 1st it'll just flag up a warning at your insurance company that you're driving "dangerously" and your policy will be cancelled!
On the other hand, that is A LOT cheaper if the quotes right. Sounds worth it!
On the other hand, that is A LOT cheaper if the quotes right. Sounds worth it!
#20
looked at insurance for when the lad starts........strangely the more expensive car you buy the cheaper the insurance.
I guess the logic is that if it costs a lot of money then you won't crash it ..
Shaun
I guess the logic is that if it costs a lot of money then you won't crash it ..
Shaun
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