Best Car Insurance For Young Drivers

Questions and Answers

Your Questions About New Driver Car Insurance Uk

March 22, 2013

Helen asks…

Why cant you have two separate insurance policies for one car?

In the UK.
For two separate people.

Administrator answers:

You can, if you want to waste money. They would not both pay off in the case of a claim. You can be compensated for loss, but you can’t profit over a loss.

Added: It is the vehicle that is insured. If you have a secondary driver, just list them on the policy you already have as a second driver, no need to start over with a new policy.

Jenny asks…

is there any halal insurance companies in UK who do taxi insurance?

I’ve tried Salaam insurance. They are not taking any new customers.

Administrator answers:

UK: Sharia car insurance now available
You no longer have to be concerned that your insurance company is speculating in hog futures. Britain is becoming more diverse, which means Britain is becoming Sharia compliant. One day, if this trend continues, Britain will discover that Sharia is not quite as kuffar-compliant as British officials might imagine.

“Sharia car insurance: For the first time, Muslims can buy policies in line with Islamic law,” from the Evening Standard, August 17 (thanks to Bark):

Muslim drivers are, for the first time, being offered insurance that obeys the teachings of the Koran.
Salaam Halal Insurance provides the same services as conventional companies but it is compliant with Islamic law. This means it cannot invest in any organisation associated with gambling, alcohol or pork. It is also not allowed to take financial risks or speculate with revenue.

Halal insurance – known as takaful – differs from standard British products because the risk is shared between policyholders. Drivers pay into a fund, which is then invested in sharia-compliant ventures and any profits are put back into the fund.

Claims are paid from the pooled sum and any surplus cash is distributed in the form of a discount for the following year’s premium. This is in addition to any conventional no-claims bonus….

Chief executive Bradley Brandon-Cross said: ‘The face of Britain is changing and it is the responsibility of British institutions to cater for such changes and welcome diversity.’

Chris asks…

What is the cheapest car to insure for 17/18 yr olds?

Really want to get a small car with low insurance

Administrator answers:

This question was originally asked in the UK and ireland section.
No point concentrating on the car so much unless you fance a Daewoo/Chevrolet Matiz. Keep under 1.3, not modified and over 5 years old and it will make little difference.

There are many factors which are used by the insurer to calculate the risk and so the premium they charge for car insurance – these are mainly;
1 Age and sex of the policyholder (who must be the Main driver, and registered keeper) and that of any additional drivers.
2. The cars age, mileage, value, insurance group, security and the companies own claims history for that vehicle
3. The occupation of the policyholder and any named drivers
4. The claims history of any drivers
5. The licence details of drivers (endorsements, length of time held)
6. Where the car is normally kept overnight (is it the policyholders address? On road is more expensive than on a drive which is more expensive than in a locked garage.
7. What use will the car be insured for, social and domestic is the minimum but if commuting and use for the policyholders business or their employers business is added the price increases. If used to commute where is the car to be parked when there – on road or in a car park.
8. Does the car have any modifications from the standard factory fresh condition like alloy wheels or performance enhancements – some insurers will refuse to cover modified cars, some will increase the price and some will cover them but only for return to standard.
You need to tell the full truth about everything asked and inform them of any changes to any of the details disclosed as the policy goes on – failing to do that can render it null and void.

Some younger drivers consider putting the car and insurance in a parents name with the parent as a fraudulent main driver and them as an occasional named driver to cut the premiums. This common scam is called “Fronting” and is an illegal act which can get parent and son/daughter into a lot of long lasting expensive troubles.

Most insurers offer a monthly payment scheme and most need about 15% up front to start the cover. The scheme is usually in the form of a loan and so interest is charged – this can be as much as 25% APR. This is usually at rate which is higher than most credit cards even charge so look at other ways to borrow the money to spread the cost if possible as it will be cheaper.

Powered by Yahoo! Answers

Related posts:

  1. Your Questions About New Driver Car Insurance Cost
  2. Your Questions About New Driver Car Insurance Cost
  3. Your Questions About New Driver Car Insurance Cheap
  4. Your Questions About New Driver Car Insurance Cheap
  5. Your Questions About New Driver Car Insurance Uk