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Looking at a Peugeot look 206 1.1
Looks decent nick, 68000 miles, cambelt done, £1800 before haggling - is that a fair price?
Thanks
Is £1800 the price of the car or the annual insurance premium?
Oh it's 2002 5 door
That's the price of the car
Insurance looks like about £1300 extra to add her which is a lot but less than I feared!
"£1300 to add her" add her to what?
My son will be learning to drive soon and I was pleasantly surprised at insurance prices. For a vw polo it was coming in at just under £900. I just used a polo as an example.
I have been told a SMALL van (so only 2 seats) is cheaper to insure for the young ones. Probably as they can't have a car full of passengers. Never tried it though, my oldest is 13.
If she is the main driver, surely the insurance will have to be in her name?
To add my 17 year old daughter to the MX5, it jumps from £220 to £1086. That Pug looks expensive.
Gary_m As far as I know insurance is much less when they are still learning (as they are with an experienced driver/hopefully instructor). Goes up when they pass and are out on their own.
If she is the main driver, surely the insurance will have to be in her name?
+1
Be really careful on this. Insurance companies are wise to parents putting the car in their name with their kid as a named driver if the actual usage is the other way around.
Cost me less than £300 to add my daughter to a policy on a 1.0L Yaris. She's just a named driver at the moment as she is still learning to drive.
Have a look at the policies which have the GPS trackers fitted to the car. A friend recently had insurance on a 1.2 clio quite cheap using one of those.
I'd say that's a lot of money for a 12 year old car. Unfortunately, small cars tend to fetch a premium, and I'm guessing we're talking dealer prices, in which case the car will come with some kind of warranty. 12 year old Peugeot though, I'd see that amount of money as a big risk, personally.
I think too, you have the perception still that anything with a post 2000 plate is OK. Whereas 5 years ago you also had the perception that anything pre 2000 was not OK. 5 years ago, that meant many people wouldn't even consider a car older than 9 years...
I'm no expert by the way. I just like to have a moan about the prices of used cars 🙂 It might be a perfectly fair price.
Gary_M - MemberMy son will be learning to drive soon and I was pleasantly surprised at insurance prices. For a vw polo it was coming in at just under £900. I just used a polo as an example.
If that quote is for your son on his provisional licence be prepared for a nasty shock when you requote with a full licence.
As an 18 yr old, my first car was £1400 to insure 4 years ago on a £300 '98 Pug 106 1.1, Mine was pushed up by the fact I wrote off my parents (and another) car approx. 8 mins after getting insured on it though.
I'd genuinely let the price of insurance be the deciding factor on what car you get tbh. Although I can understand you wanting the safest car etc. as well.
Worth noting that certain cars have certain 'tags' against them. When I was that age Corsa's and Saxo's were all the rage for first cars and so insurance premiums on those got driven up.
Now i'd imagine its Fiestas and probably Corsas still.
Moniex thats an urban myth these days
Vans are almost imposible to get young driver insurance on these days for private use. And when you do the cost is stil silly
I am 28 and can insure an imprezza wrx cheaper than my 69bhp van!
As above it is much cheaper to insure as a learner than it is as a young newly qualified driver. Pass Plus and further training can help reduce insurance costs though. As can insuring a car for any driver.
We got a Yaris (it was a 1.3 so "big engine") and insurance was very reasonable for our girls - all put on when they got to 17 - premium never more than £600 for TPFT. Interestingly we where told it was cheaper to have 2 or more of them insured on it vs just 1 as the company took the view it would not be used by just the 17yr old.
We found a multi-car policy for Sandwich Junior worked well with us as named drivers on his policy. If you get the policy while she is learning then come solo driving time there is no-claims history which saves money (£300 for one month in our case as he failed first time round). £1400 to start £1100 after passing the test.
NB this is based on 3 to 4 years ago and may no longer be relevant.
IME insurance quite a bit less for provional compared to full.
We went with a tracker with her as a named driver through the Coop. I quite like it because I can login online and see exactly how she is driving so I know she is not being a fool. After 90 days you get a discount according to how sensible your driving is. For us the price dropped down to not far off what we would pay for just me and Mrs.
But if you are into ragging cars about, this is probably not for you.
[i]Gary_m As far as I know insurance is much less when they are still learning (as they are with an experienced driver/hopefully instructor). Goes up when they pass and are out on their own[/i]
No that was based on him having a full license. I changed his DOB by 1 year to get the quote. It was only for a rough guide, I expected to pay more.
that was with my wife and both added to the policy btw.
Insurance to add a learner driver to policy was an increase of around £500. But as soon as they passed their test it jumped up threefold.
That's where the real costs are so when getting your quotes always have a look to see what it would be like once they do pass. Make sure you are sitting down at the time!
I think my quotes actualy went down when I passed (but that was a few years ago).
Ended up not getting a car untill I was 21 as the money involved would pretty much swallow any part time work or summer placements while at uni so really wasn't worth it.
Ours went through the roof when Katie aged 18 passed her test, Fiat 500 1.4 Lounge. Only way we could get it any near like sensible was to put all the cars on a multicar policy with Admiral
Cheapest for mine is when they own/insure the car and add a named (older, Granny etc) driver.
Car type/size didn't make a lot of difference - ie 1.8 V5 Passat was the same price as a 1.0 Ford Ka. £500 cars too, comp cheaper than TP/TPFT.
Not quite the same thing, it’s not really the car but the risk - ie a young inexperienced drive. I’ve just been checking quotes (Direct Line) for a potential car purchase, starting with my current MK3 Mondeo TD and then for an M3, an XK8 (both circ 2002) and a 996 911, I get the same premium for each.
For my daughter we’ve just done her renewal and it’s finally starting to get down to sensible levels, she’s now 22 and has 5 years NCD but still her original 1.0 106 Pug; £260 with Churchill. Get them their own policy in their name with as many low risk drivers (mum&dad) as soon as possible to build a history. But 25 is still a young drive to the insurance companies even if they can potentially have 8 year NCD!
Hunt hunt hunt, that's the only option. I found that different companies, with different types of policies vary wildly for the same cars. A multi car on a Forester (slow version), and a 1.4 polo - with me and mrs Seadog driving both, and daughter Seadog on the polo only, between £1000 and £3000. Even cheaper when mixing and meddling named drivers on separate policies etc...
Complex, but just be prepared to sit and chat for an entire day and get requotes from different companies following quotes from others. Probably the most tedious job you'll ever do.