Overhaulin'

Thought I found a solution to high car insurance... Not so sure now?

He-yo.... I'm guessing any young newly qualified driver out there would of already found out is the shear cost of getting yer car insured. I know as I'm 18, "male" which supposedly makes me high risk so the cheapest insurance I got was £3820 and that's only for third party, and the car is only a 1.2 litre Renault Clio. My instructor mentioned that he heard a scheme that's being done for young new drivers, companies called: Young Banana & Young Marmalade The idea is that these companies have merged together with insurance companies to fill a gap in the market which is us young drivers. The scheme is that you buy a new car or a nearly new car with these guys and the car will come with affordable insurance. I had a look at it and decided to get a quote just out of interest with a new car. So I selected the nearly new car category and went with the new shaped Renault Clio. You can select to buy the car straight away or get it financed over a period of months with 60 being the longest, I got £150 monthly payment as the average which is just payment for the car. The first years insurance came as £1635, (got all excited and jumping, over - reacting) provided that your parents have a good record they are added to the policy for free. I was thinking that it was too good to be true, new car, affordable insurance. But then could be too good of a deal to go without some hidden catches. I dunno what makes me suspicious about these sites but the more I investigate into it the more I feel that this could become quite expensive. Here are the websites in question: Young Banana - http://www.togreenstreets.com/index.php?option=com_content&task=view&id=16&Itemid=32 Young Marmalade - http://www.youngmarmalade.co.uk/index.php When I investigated Young Marmalade in more depth it was the insurance that got to me cause my first initial thought was that you pay for the insurance continually with them as long as you own the car, but it looks more like a 12 month deal that has to be renewed each time.... The car as well comes out cheaper then its usual retail price (if new) or usual price for its mileage (if nearly new) so I started to think that theres a one off payment at the end of the contract to own the car.. What do you guys think of this? Before you guys answer the insurance quote I got of over £3000 was with my parents added into the policy as main drivers and me as a named driver...!

Public Comments

1. I think that's hidden advertising and may end up being reported (not by me because I'm nice). Good try though.
2. the best way to bring down your insurance costs at your age is to get your mum or dad to have your car in their name, and insure the car for them but add you on as a second driver. it only cost my friend £375.00 to put her 18 year old Son onto her insurance so all together came in at about £800. but that all really depends on if you will be a good driver, coz as soon as you get any points or have an accident you will send your mothers insurance up and up so don't do it this way if your a boy racer or you like showing off to your mates. i think what they are now charging young drivers is nothing short of high way robbery its about tine to government stepped in and did something about these insurance companies that have between them fixed the price, it stinks
3. However what Tin-God is suggesting is illegal and can invalidate your policy. There is no cheap way to insure your first car. Can't understand your quote of almost £4000. I'm guessing that this is, as another suggested, an attempt to get some free advertising for the sites you have links to. It is indeed a nice try but anyone who is insuring there first car will know that £1000-£2000 is the going rate. Anything that offers it for less is probably too good to be true or illegal.
4. Always read the small print, I ain't going to bother reading it as it doesn't apply to me, but if something is too good to be true, then it probably is.