car insurnce nightmare!!

marishabickersteth

right ok heres the deal....
i passed my driving test in october last year and have brought myself a cheeky little vw polo 1.0L R reg (1996/1997) i paid £380 for the car as its my first didnt want to spend loads!!
HOWEVER......
Insurance is ABSOLUTLEY RIDICULOUS
i am currently a stay at home mum and am struggling as it is without paying £1935 for car insurance which is £160 per month.
some people will say if you cant afford it dont use it,
my childrens school is an hour each way walk away and no there arent any closer schools with places for both children aswel as the nursery 2 mins from my home which my 2 year old attends.
the main reason i use my car is for the school run as i have a child with "special difficulties" and walking an hour down one of the biggest main roads in birmingham actually turned into some sort of suicide mission!!!
ANYWAY...
how can i get around this ridiculous insurance "scam" paying nearly 7X my cars value for car insurance is really crippling me... most insurers wont even give me a quote!! i am 27 with 3 dependants, how on earth short of giving up my car can i get around this??

HELP!!!!!

Cpu2007

I completaly understand you, I my self am struggling to find a good price. if you find something at the price of 1400, people say your lucky but the fact is that it is still very expensive.
I don't understand why insurance over here are ridiculously higher and less beneficial then in many european country where the car is what you insure and everyone can drive.
At this point i think insurance sholdn't even be compulsory by law as the damage caused in general by an accident is less expensive then what you pay to the insurance.
Back to your point.
Have you tried moneysupermarket car insurance comparison site? they do compare many companies and give you the best quote. So far it has been the site which has given me the best quote.Plus once you got the best quote check the company directly and see if getting a quote directly from the company gives you any discount.

Is any in your family, mom, dad got license with no claim bonus? if yes make them the named drivers and this will reduce the insurance alot.

marishabickersteth

i have tried all manner of things close enough to call fraud!!! all the comparison sites are giving me the best price of 1700 but the catch is a 300 deposit!!!so it really is 2k!! diamond are offering insurance at 144 a month totalling 1700 i could budget for 100 a month or 1200 a year NO CHANCE!! YET... IF I LIVE LESS THAN A MILE UP THE ROAD AT MY MUMS THE BEST QUOTE I GOT WAS £845 A YEAR no wonder people commit insurance fraud, my excess is 650 so if my car gets stolen im at a loss anyway!!

marishabickersteth

as for the no claims i am going round in circles as u can only use no claims on one vehice?? wel so iv been informed anyway and would that be their own??

Cpu2007

So if you put the address of your mum you get £845 a year ? I think if you live close by you should consider that I know it's wrong but you don't live far and i'm in no position to say something in this case,let's say if someone else can give you a better advice.

The reason seems to be your area. I don't know if you answered it properly, but did you put your name under mum insurance?how much was it?
Try another thing, if you are a good driver put the voluntary excess to £1000 and that will reduce it alot.

Cpu2007

marishabickersteth wrote: »

as for the no claims i am going round in circles as u can only use no claims on one vehice?? wel so iv been informed anyway and would that be their own??

yes your right you can use noclain only on one car, but you can round it.

if you mum is already using all the claims and if you got some NCB then what you got to do is put your self as a policy holder and add a driver which will be your mum and make her the main driver; in this way your NCB will be used and she will be the main driver which will reduce the price alot if she had the licese for a longer period.

marishabickersteth

i put myself as rig keeper policy holder and owner just changed my address to my mums, we both have a b45 postcode!! i have no no claims yet as i only passed last october i have been with admiral for 3 months but am paying £161 a month (£1935ish a year) i hardly even drive the car which is the best thing i cant evn get a cover box or smart box because my car is apparently to old!!! im at a loose end and can only see 1 option and that is to basically lie to the insurance company!!! same person driving but living in a different adress.... silly really, plus if my car was stolen my excess is currently 650 and car is worth less than 400 so would be no point!!!

Mrs_Money

Would it be cheaper to use one of the new Pay as you Drive insurances? Co-op do one, but you have to be under 25 and Coverbox do one - you have a tracker box installed and it tracks how far you drive and when- may be worth a look?

Edit: be careful about using other people as main drivers - I believe this invalidates your insurance in the case of a claim. But, you can sometimes save money if someone older with a clean driving record is a named driver on the policy.

madmish00

It is a complete joke. My partner is 27 and has a clean licence and 4 years no claims and they still wanted £900 to insure him. He added me to his policy as a named driver (and I have a claim) and it came down to £650! In reverse I have just had a quote and adding him to the policy made it cheaper!

I really don't think there is anyway to figure out insurance companies. My insurance was £569 last year with one claim and I got quotes in early March for £729 for this year. By the time my renewal came due on 4th April they were quoting me £948 and there was no change of circumstances in that time (luckily for me the quote I did in March was valid until 5th April and i managed to get it at £729)


The only thing I would say about adding your mum on the insurance is that she would have to notify her insurance that she was a 'named driver' on another policy as most insurance companies ask about 'access to other vehicles'. You don't want ot in any way invalidate your mum's insurance by adding her onto yours! With regards to the address the main issue is declaring where your car will be kept overnight. If you say home address and your car is stolen and it then transpires that it was not at the 'declared home address' you may find it difficult to claim. That said it would probably be cheaper to buy another car than pay the excesses anyway!

bouncydog1

What you are missing is that the cost of your vehicle is irrelevant - the big risk for insurers is that you have an accident where the third party is severly injured but not killed. Recent awards have been several million pounds.

If you lie to insurers about where you live, who the main driver is etc. then in the event of an accident they will find out and there is a very good chance that you could be prosecuted for fraud. You will also have your policy cancelled, and although insurers would have to pay a third party claim, there is a real chance that you would be sued by them for their outlay.

Not scare tactics but reality.

Everybody's insurance costs are rising and new drivers, who are likely to have the most accidents because of their inexperience are being hit most of all.

You could try putting an older, experienced driver on the policy to bring the cost down, but don't try and get your mum to insure the vehicle with her as the main user as this is known as fronting. The way that the insurers word their application forms will also identify that this is what is being attempted.

Have you tried quotes from companies that don't use aggregator sites such as NFU, Co-op etc. Also have a read of the young drivers thread as the information in there might help you save a little. At the end of the day the premium is what it is and you have the choice to take it or leave it.

Blue_Max

Mrs_Money wrote: »

Would it be cheaper to use one of the new Pay as you Drive insurances? Co-op do one, but you have to be under 25 and Coverbox do one - you have a tracker box installed and it tracks how far you drive and when- may be worth a look?

Edit: be careful about using other people as main drivers - I believe this invalidates your insurance in the case of a claim. But, you can sometimes save money if someone older with a clean driving record is a named driver on the policy.

I got a quote from Coverbox and it turned out to be much more expensive.
It may be that price of the trackerbox inflates the premium!