I wonder what would have happened, if daddy or mummy were rich enough to have paid. But then I suppose, the young man would not have been trying to insure a old second-hand car.
A number of years ago, while being an AA member, I received a car insurance quote from the AA (with extra discount for being an AA member). Having done a comparison via a local broker, using the same main insurance company, with the same like for like conditions applicable. I asked the AA why their quote was well above that of the local broker (even with their special members only discount). Never really did get a clear explanation for that, so the local broker won the sale.