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Car Insurance

50 posts & 33 voices | Started 1 year ago by taka | Latest reply from IanW

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b r - Member

The use of capital letters, full stops and commas would probably knock a few grand off the quote...

Interestingly, the issue now appears to be escalating with those from eastern europe over represented statistically, and it seems with its high court compensation awards (we are the second highest in europe, behind Eire) and low standards of proof required, that people "claims shop" ie they actually come to the UK to have their accidents. This is born out by the over representation of people with pw or px national insurance numbers. (signifying non uk born).

My wife had this; she ran into the back of a van, without damaging her car, but the passenger (afterwards) put in a whiplash claim.

Posted 1 year ago #
rockhopper70 - Member

Put it in a parent's name and be a named driver? Might be worth going with a company that allows you to build up no claims when you are a second driver.

Obviously you need to be comfortable with putting someone else as the main insured party, or else you get into difficulty trying to explain to insurer why your Mum is the main insured, but never drives the car.

£5000 does sound a bit ridiculous though.

....does this and Insurers won't pay out if there is an incident. Correctly termed subsequently as fronting. In our office it is classed as a fraud offence.

Posted 1 year ago #
catflees - Member

Taka Iam in a simular situation. Have you tried different cars? My current insurance (29, learner, reasonable postcode) on my car is £1560 (Mg ZR 105+ with modifications) If I were to change it to a BMW 316 worth £8000 I would pay £1000ish, were as a fiesta 1.4 worth £5k would cost £1400ish, a new Fiat Panda 100hp (£8.5k) £1100. It all seems inconsistent.

Posted 1 year ago #
brad0612 - Member

I'm in the same boat, got my Dad's old '97 Golf GTi to drive, 2000cc, Group 14 (old system), and haven't had a quote less than £3000. I know it's a high risk car, but I've been quoted the same for 1.0 Peugeot 106s and VW Polos as well.

Considering motorcycle now, as it's cheaper until I can insure the Golf, and I've been watching Long Way Down! I just turned 18, about to pass test, but I'm not excited in any way because it's just so damn expensive.

Sometimes being a student sucks, then I remember the bike in the shed

Posted 1 year ago #
allyharp - Member

Jujuuk68 certainly knows his stuff, and the sorry situation we're in is quite clear. But insurers often don't help themselves - many of them sell accident details where a third party is at fault to claim management companies and law firms. Rather shortsighted, but the thought is that they'll get stung anyway when everyone else does it so they might as well take some cash now to soften the blow.

I think the phone route may be the best option. Try brokers like Adrian Flux and Endsleigh. Or try and find out anyone who has Sabre on their underwriting panel as they seem keen to play in the shit that nobody else will touch (and were actually one of the most profitable insurance companies in 2009).

Another route might be to experiment with different cars. It may seem illogical but a bigger car might actually be cheaper since the 106 is quite a favourite with younger drivers. Or try something that's deeply uncool - a cheap Daewoo, Kia or even a Honda Jazz perhaps?

Posted 1 year ago #
taka - Member

brad if you've done your cbt and been insured for abit motorbikes are cheap, ive been looking at motorbikes when i passed my test to move onto bigger bikes there about £350fully comp for a 1000cc Honda fireblade or £250 for a Honda crf450 supermoto and get them limited to 33bhp looked like i might be on 2 wheels for abit longer..

Posted 1 year ago #
timber - Member

If you are in a Bradford postcode as suggested above, not being in it will significantly reduce your premium. Mate just moved from there to Leamington and halved his premiums on a Cooper and modified Evo. Maybe not the easiest solution for you.

Statistically, your age group and that car are synonymous with accidents = risk.
Pick some old duffers car, the odds reduce and it gets cheaper. My first car was a lot less to insure than a mates 1.0 fiesta, mine was a 1.6 nissan bluebird, comfiest seats ever, like a 3-piece suite in a car.

Posted 1 year ago #
taka - Member

ive also got a hx7 postcode but there's not much difference in the prices

Posted 1 year ago #
Hairychested - Member

My brother drove a Skoda Felicia 1.3 and paid 300 fully comp. Got a Punto 1.3 3-door 1998 and got quoted 600 fully comp. Why? Cos small cars are used by inexperienced drivers a lot more than large ones.
Same with a mate whose old Polo 1.9 diesel worth maybe a grand was quoted at 1.5k 3rd party. When he changed to a Nissan Almera 5-door 1.6 (waaaay more powerful a car) the premium was down to 999 TPFT.
BTW Check TPFT policies as they often are cheaper than 3rd party only.

Posted 1 year ago #
oneoneoneone - Member

WOW!!

im 23 i drive a citroen c2 GT 1.6
got my dad on there 10+ NCB an my girlfriend (21 3 years NCB) both named drivers

im the main driver 2 years NCB, insured in south london (croydon)

£443 fully comp with break down cover.

Posted 1 year ago #
oneoneoneone - Member

WOW!!

im 23 i drive a citroen c2 GT 1.6
got my dad on there 10+ NCB an my girlfriend (21 3 years NCB) both named drivers

im the main driver 2 years NCB, insured in south london (croydon)

£443 fully comp with break down cover.

Posted 1 year ago #
spooky_b329 - Member

As others have said, try other cars such as the undesirable Micra, also go big and try some quotes for a big old estate car like a Mondeo. You could also try a small van, traditionally commercial insurance is more expensive but as a young driver, the quote could go the right way. One I would not advice is the classic car route, yes you may save some cash but you will regret it (or possibly not) when you have the accident you are statistically 50% likely to have in the first year!

Last tip I heard was to try different job titles, this can make a big difference. I'm not saying lie, but if you could reasonably give your job a different title give it a go. Try putting your age as 18 and see if it is worth holding off a year.

Oh, and the obvious one, put your voluntary excess as high as you can as this makes a claim from yourself less likely.

Posted 1 year ago #
brad0612 - Member

Taka - So they're legal as long as they're limited to 33bhp? Will have a look at that cheers!

Posted 1 year ago #
Basil - Member

You are approaching your insurance quote from the wrong direction.
You may have been given the Pug but it is still an insurance group 7 car.
Find the lowest insurance group car that you can.Many places on the net have tables of the group applied to each model of car-the group is not just dependant on engine size. AA has this information
Volunteer for driving restrictions eg night driving, limited mileage.
Advanced driving test can give you 10% off with some insurers.
BBC Radio 4 had a lot of good information for gaining a good quote as a young driver on the website.
Try very hard not to "fib" on you insurance quote. If you need to claim many reasons can be used to invalidate your cover.
Dependant on where you live a quote of around £1000 to £2000 should be possible.

Posted 1 year ago #
IanW - Member

Changing anything other than your postcode will make little difference.

JuJuuk68's summary is correct and combined with the insurers inability to cover premium to cost deficits in the markets results in the premiums taka is quoted.
The only way to get it substantially cheaper would be if you find some one incorrectly rating the risk.

Its not really the insurers fault they merely do the sums, politicians make the choices that shape society.

Get a bike for a year or two, it'll keep you fit!

Posted 1 year ago #