Best Car INSURANCE for younger Drivers

LKaraxela on 19/03/2014 - 00:08
Last edited 26/03/2014 - 20:49

Hello fellow ozbarginers.

I have no idea about which insurance company i should take a look at yet and around how much am i looking to pay for "great/decent value".

Being a Uni student and working part-time, obviously price is a deciding factor, but the claims processes and how pleasant in general to deal with the insurance company is also considered.

I have started my research and would like to seek some advice here from anyone with opinions,experiences and suggestions for someone in my situation.

Thanks in advance!

Automotive

Comments

  • MustResistPurchase on 19/03/2014 - 01:17
    +1

    See what your current insurer can do for you first. Then use that figure as a benchmark against other prices. However, don't expect your price to be anywhere near your parents rates.
    You should look out for how the insurer will determine the value of your vehicle. There's a difference between market value and agreed value.

    As for a company, I've had positive experiences with Shannons when it comes to claims but I'm sure there's cheaper companies out there.

  • p1 ama on 19/03/2014 - 09:27
    -1

    With the ridiculous premiums and excess on younger drivers, you're probably much better off just being careful and making sure you won't hit anything. Of course, I'm not saying don't get insured, though that is an option :P

    It depends on where you live, but I would say that it'd be north of $1000 per year, if not closer to around 1.2 - 1.3k, which is what some of my friends actually pay.

    I think that's just silly. I've been driving for years now, never been in an accident, so all that money down the insurance sewerage makes me a bit angry :P

  • boonanza on 19/03/2014 - 09:33

    Try just car insurance our son has had his licence for 6 months so is on his red P's. Third party fire and theft for his 2000 Holden Astra was $450 with both parents listed on the policy as regular drivers of the car.

  • Malarkey on 19/03/2014 - 10:59
    +2

    As boonanza has said it's generally a good idea to list your parents as regular drivers, the policy is still in your name but having older people who still drive the car should help with your premiums.

  • Karaxela on 19/03/2014 - 12:23

    Great ideas so far thanks =). Anyone know some names of companies I should grab some quotes from first?

  • earths_pacifist on 19/03/2014 - 13:18

    When I last went shopping around at roughly the same age the two cheapest was my bank (Commonwealth) and Aami. Many other especially coles/woolies etc were double sometimes triple the price.

    • Karaxela on 19/03/2014 - 20:03

      Interesting info, thanks il take a look at them.

  • sharks on 19/03/2014 - 21:27

    try GIO. cheapest I found as a P plater with no other drivers listed. beat every other quote by $200-300

  • Karaxela on 20/03/2014 - 04:03

    What's the process like after I choose a company to get it active on the car? Is It as Simply as getting the quote, pay for it and provide more details? What sort of paper and time frame might I need to wait etc. ?

    • MustResistPurchase on 20/03/2014 - 08:36

      Should be covered as soon as you ask for the insurance.

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