Does anyone know how to cut massive car insurance quote legally?

rikgurrr

Hi all!

I'm going to be renewing my car insurance for the third time soon and my quotes are always so high. I can get it down to around £1200 at a push but usually sites quote around £2000. Admiral offer me the best price. I'm 27 with two years no claims bonus, park on the street (I have a drive but it's bumps the insurance up parking on it!) and I've added my mother as a second driver (she doesn't use the car but it brings the price down). Oh yeah and I live in Liverpool! It just seems insane to be paying this much every year, especially as I'm a careful driver and have no NCBs.

Has anyone else been in this situation? I would really appreciate any advice. Thank you.

dogbot

what is the car? Do you have any other older claim free relatives or a partner you could add? What mileage are you putting in and is it accurate? Are you recording all the security devices on the car correctly? Is your occupation correctly recorded? Have you tried a tracker policy? E.g. Insure the box, Coverbox, Ikube etc? If you are insuring TPO/TPFT at the moment, try comp, and vicaverca.

Prices have gone up a lot this year, and these have been particularly focused on areas with bad experience - liverpool suffers both historic poor crime rates and is a hot-spot for both uninsured driving and fraudulent claims activity which all drive this up.

rikgurrr

Hi dogbot, thanks a lot for the reply.
The car is a 1999 VW Polo with no alarm/security, apart from a steering lock I use which doesn't contribute to cutting any insurance costs.

Regarding the milage, I'm not sure how strict insurance companies are with this. I've been putting 10,000 miles annually. Does a lower milage make a massive difference? And what happens if I put it low them go over it? Does it void my insurance?

I do not know what a tracker policy is, but look in to it. Can you easily explain what it is?

Comp doesn't seem to be that much more than TPFT, which atleast is one good thing I guess!

It does seem a lot of people don't leally insure their vehicle, which is especially annoying when it bumps up insurance for people like me who make an effort for it to be as legally correct as possible.

dogbot

Mileage is a rating factor just like any other. You should be honest about how many miles you do though as you are declaring that it is the truth! It isn't as dramatic a rating factor for most insurers than the other key factors, mostly because people, like you, either put something low in to try and get a low price or play it safe.

The key thing is not to put something too low in, but don't go for something much higher than you are doing. If you are only doing 5000-6000 a year max, don't put in 10k, go for 6k or 7k. If you put something in lower than you are doing it could invalidate the cover. In practice it is unlikley to, but it will leave you in a sticky situation. Best to be honest.

You might want to invest in a security device for the car - a cat 1 alarm/imobilier being the best. This should help given the liverpool area.

You are quite correct, it is shocking that people lie to missrepresent their risk or just don't insure at all, but things are getting harder for them all the time, and it is being taken more seriously by the police and gov. Insurers and large brokers now all have a major focus on underwriting fraud as well as claims fraud.

Tracker policies - sorry, bit miss-leading. I mean "telematics" policies. These use 'black box' recorders installed in the vehicle to monitor your driving and send data back to the company. They vary in the parameters they use to rate - mileage and time used are currently the main only ones, but some advertise a security benifit - Coverbox for example - because they track where the car is using GPS etc.

dunstonh

(I have a drive but it's bumps the insurance up parking on it!)

That indicates that you are living in a high risk area (where house break ins have been common with the car keys taken). So, the only way you can adjust that particular point is to move house.

mikey72

dunstonh wrote: »

That indicates that you are living in a high risk area (where house break ins have been common with the car keys taken). So, the only way you can adjust that particular point is to move house.

Bell and elephant (still the same company as Admiral) can be cheaper.
A low mileage is cheaper, check if you have to amend the policy if you look like going over. Some cancel automatically, some give you a good leeway.

Play with the excesses to see if you can get a better price.
A high excess can sometimes bring the policy down by a similar amount.

Our insurance is always cheaper if we state road, even though it's in sleepy hollow, but just outside the house. The garage is the dearest place to park for us.

adamc260

rikgurrr wrote: »

Oh yeah and I live in Liverpool!

Theres your answer

student_84

A '99 polo does have an inbuilt immobiliser, the key is the transponder, remember to put this down.

rikgurrr

Thanks for all your help everyone, I really appreciate it. I will try the things suggested and hopefully from your advice I will be able to save some money! But I do think the only way I could dramatically lower my insurance is by moving away from Liverpool.