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[UK] - Car Insurance

Discussion in 'The Guru's Pub' started by BLEH!, Aug 23, 2013.

  1. BLEH!

    BLEH! Ancient Guru

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    Hey Gurus. This is mainly directed at UK guys but those from Europe might be able to help. I'm tryna bring my car insurance down, last year premium was around £700, but it's not gotten much better this year. The lowest I can find is around £660. Id've thought hitting 25 with 3 years no claims would make it nice and cheap, but this is far from the case. I've got 3 named drivers (mum, dad, granddad), all of who help to bring down the price but it's still more than I'd like to be paying. Tried all the price comparisons where I got the best price above. Any tips on how to reduce premiums a bit?

    Ta

    BLEH!
     
  2. sykozis

    sykozis Ancient Guru

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    I know I'm not from the UK and can't offer any advice that would be of any use, but since I'm in the same position as you and thus on the same hunt. I just wanted to wish you luck on finding reasonable (if that's even possible) insurance rates.
     
  3. Extraordinary

    Extraordinary Ancient Guru

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    Park your car in a low crime area at night ?

    I remember my Dad telling me years back that for the same car, for the same driver, the price was drastically reduced at one end of the street which was a different postcode to the other end of the same street

    Add more security to the car, deadlocks, wheel clamps, alarms ?

    Put it in a garage at night ?

    Take an advanced driving course ?

    Just ideas, I don't drive
     
  4. eclap

    eclap Banned

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    your postcode makes your premium. Where I live (Hampshire) my premium is around £300, if I lived in London, it would most likely be 2.5x that, if not more. Just say you park it in a private driveway, make your yearly mileage under 5k, get your no claim up to 5+ year and you're ok :) I'm with TESCO now, after being with Direct Line for years, those wankers.
     

  5. Loobyluggs

    Loobyluggs Ancient Guru

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    I'll tell you a story.

    Once upon a time when I drove, due to living in the stix, I had insurance from a really small insurance outfit which was underwritten by Corinthian Insurance.

    This really small outfit went bankrupt, meaning Corinthian [by law] had to take my motor insurance policy on. This is their purpose: to ensure that even if a broker goes bankrupt, I would be legally insured to drive on her majesties highways.

    This gave me the lowest insurance possible, by about 80%.

    I was paying broker rates, meaning it was impossible to get any high street insurance for less than what I was getting from Corinthian. I used to call up insurance companies from time to time and as soon as I mentioned "Corinthian", the agent would give up.

    I gave up driving about 8 years back. If I ever take it up again, I can legally call them and get my no-claims reinstated as insurance records are kept for donkeys years.

    True story.
     
  6. BLEH!

    BLEH! Ancient Guru

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    Cheers dude. Prices over here are ridiculous, especially for the younger end of the spectrum, even more mature mid-20s people like me.

    Our area is relatively low risk, I think, though I suppose I could try and park it on "the other side of the street", see if that affects anything.

    Car already has an alarm, immobiliser, both thatcham, factory fitted.

    Unfortunately, it's a Rover 75 estate, won't fit in our tiny 70s garage, which is full of crap anyway.

    I have pondered the advanced driving thing, just a matter of fitting it in with the PhD.

    Even my daily commute 5 days a week adds up to 7800 miles a year, so including other random journeys i'm looking at least 10K a year. I also have to have business due to the nature of my work, which strangely brings the price down with most companies, even though I only do about 500 (or less), business miles a year. Had BAAAAAD times with direct line, won't go near them, but tesco have never done me wrong in the past, might consider going back with them.

    Can't find corinthian's own site, only dodgy looking non https brokers, but they are owned by HSBC, who I can try getting a quote with I guess...?
     
  7. Extraordinary

    Extraordinary Ancient Guru

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    If your garage is too small, maybe ask the local council if they have any free to rent, it might be cheaper to rent a garage if it knocks more than the rent amount off your insurance
     
  8. BLEH!

    BLEH! Ancient Guru

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    There's nothing nearby as far as I know. I don't wanna have to walk half a mile to get to the car, kinda defeats the object of having one otherwise :p
     
  9. Extraordinary

    Extraordinary Ancient Guru

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    haha true
     
  10. aircool

    aircool Don Aircooleone Staff Member

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    Stop using comparison websites for a start.

    As stated its mostly the postcode that affects the level risk perceived by the underwriter.

    Try net rated policies or Aviva (directly).

    £660 isn't that bad, is that fully comp or TPF&T ?

    Postcode is king though ;)
     

  11. Omagana

    Omagana Ancient Guru

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    I'm 24 with 5 years no claims, my policy from Aviva this year was £260 fully comp. I've not paid ~£600 since I was a new'ish driver years ago. My car is only worth 3-4 grand though.

    Have you tried just calling them up? The sales person will usually try bring it down for you to get your business.
     
    Last edited: Aug 23, 2013
  12. BLEH!

    BLEH! Ancient Guru

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    That's fully comp. TPFT is more expensive for some strange reason. I'll certainly check out Aviva.

    I'll give 'em a go. I did have a crash a few years ago though (4, hence the 3 years no claims), and accidentally ran a red light in 2010, but my premium is pretty much the same as last year. I'd expect it to have dropped more than it has if you get me.

    Aviva quoted me £860 with no legal cover, courtesy car or anything like that. They can sod off.

    BLEH!
     
    Last edited: Aug 23, 2013
  13. The Laughing Ma

    The Laughing Ma Ancient Guru

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    It's a falecy, one that has been kicking about for a good few years now that insurance companies give a huge discount when you hit 25 years of age, it's not true when I hit 25 I had been driving for about as long as you have no claims, 3 or so years and got a very marginal discount about on par with what you would expect with another years no claims.

    The reason yours seems so expesnive is because you have previous, unfortunatly our insurance companies seem to hate people with ANY sort of black mark on their record so having both a previous accident as well as points (declared for running a red light?) then you're going to get hammered.

    You also have to remember that with the vast increase in compensation claims, alot being claimed without merit, the insurance companies are transferring their costs to their existing customers.

    As for reductions

    Several directions you can go

    Increase your excess amount.
    Pay the yearly fee in one go, it's a good deal cheaper than the monthly option.
    See if the insurance company does driver monitoring, some will give a discount if you agree to having a GPS tracker to monitor driving style installed in your vehicle.
    Location and job also heavily affect the premium

    Only thing I can say is do not lie, or twist the truth, end of the day these companies are looking for an excuse to not pay out, so if they found out something you declared isn't correct they will hammer you for it. A few quid more a month is not worth it.
     
  14. aircool

    aircool Don Aircooleone Staff Member

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    Insurance companies don't hate you, they just rate you at a higher risk.

    As always the best thing to do is be honest, give them a call as they can often make adjustments to help make things a little more reasonable. Depending on the age of your additional drivers it may help removing the eldest.

    The issue here is you have a history now (give it a few years and its disregarded) at 25 with 3 years NCB and a fully comp policy at £600~ is pretty reasonable to be fair.

    Student or Motor Mechanic and insurance is usually more anyway.
     
  15. WildStyle

    WildStyle Ancient Guru

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    Sound advice above. Post code will have a massive effect on your premium, have a look on here http://www.motorcarinsuranceuk.co.uk/post-code-ratings.php and see how yours is rated.

    You can have a look at changing your occupation slightly on the forms (within a reasonable tolerance of what it actually is you do for a living!) and see if that helps.

    If you crashed four years ago and ran a red light 3 years then I take it you would still be adding these to any insurance quote you do. You could do an exactly copy of the quote minus those hiccups and see how much of a difference it makes out of curiosity.

    Also try the policy with just your mum on it as a named driver not your dad and grandad as well and see if that makes any difference.
     

  16. sykozis

    sykozis Ancient Guru

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    Quotes for me range between $78USD/month and $128USD/month or $936USD/year and $1536USD/year. Unfortunately, insurance isn't optional for me. No car insurance = no license.

    As others have said, don't bother with comparison sites. They're not always accurate. I tried one a few years ago and one of the "comparison quotes" it gave me would have taken my entire yearly earnings (at that time) but checking that company's website directly, revealed that the comparison site misplaced a decimal (the $1536/year stated above was returned as $15,360/year on the comparison quote). If possible, always call the insurance company or broker, or go in person to talk to them. Sometimes that works out better for you.

    Insurance companies don't exactly hate you.... They're just not fond of people that have past driving infractions or incidents because that implies a higher than desired degree of risk (which is 0).
     
  17. TekkMarine

    TekkMarine Maha Guru

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    You could tell em that the car is escorted by two APC's and a hind gunship where ever it goes.
     
  18. allesclar

    allesclar Ancient Guru

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    NCB's are not valid for ever people, only as long as the policy underwriter states them to be valid for, typically 2 years.

    Have you tried taking people off the policy, reassessed the value of your car? Do you drive 10k miles a year etc?
     
  19. BLEH!

    BLEH! Ancient Guru

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    Of course. Easiest way will be to get a smaller, cheaper car. Looking at a reasonable hatchback, maybe 05 plate, diesel. Current car is Gp. 19 insurance, whereas a group 7 on the other hand, should shave half the bill off...
     
  20. WildStyle

    WildStyle Ancient Guru

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    So you would be saving money on insurance by spending more money on a newer car? Seems counter productive! Or were you looking to change car anyway?
     

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