Car Insurance - Credit Report Please Help Me... :(

R_4M

Hi

I currently been searching for Car Insurance, Im 22 Years Old coming on to 23, I have one years no claims and No points or tickets on my Name.

Ive noticed that my Car Insurance is so HIGH I have friends paying only £800 a Year, And When I do my quote on same car or car with a 1.0cc engine its coming out to £5,000 this is the same car company as my friend.

I just like to know whats happening ? Im going to file for a credit report and have a closer look Ive used confused website to do most of my car insurance searches to find that cheap quote.

At this rate I can never have a car Im also working part time so I have money coming into my bank, I have no claims I pay all my bills on time.

What could it be ? Any Ideas.

MoneySaverLog

The area, young male drivers under 25 are penalised. How long have you been driving, 1 years no claims is nothing, how long have you had a license. what type of car are you looking to insure, what's it's value. where will it be parked overnight, what will the car be used for business, pleasure, are you looking for fully comprehensive, what was the cheapest quote you got. How do you and your friend compare on these points.

I don't believe it's down to the credit report necessarily as you say nothing bad should be recorded worth checking though.

R_4M

MoneySaverLog wrote: »

The area, young male drivers under 25 are penalised. How long have you been driving, 1 years no claims is nothing, how long have you had a license. what type of car are you looking to insure, what's it's value. where will it be parked overnight, what will the car be used for business, pleasure, are you looking for fully comprehensive, what was the cheapest quote you got. How do you and your friend compare on these points.

I don't believe it's down to the credit report necessarily as you say nothing bad should be recorded worth checking though.

Had my license for 3 Years, 1 Years No Claims Bonus.
I want to get Insurance for Corsa 973cc - Fully Com - £500 Excess

My mate has 2 Years No Claims, And driving for 4 Years Maybe, His same age

£4000 Is the Lowest Im getting, 2 months ago when I did insurance check on confused it was Only £1600, Now Its turning into £4000,£5000 I have no idea why..

jodiej1987

i think there is definitely something wrong there. im driving a 1.1 rover 25 with no NCB and had my licence 3years as well as having a crash in 2008 i have to declare. all my quotes are coming back at around 1300, i got 1100 with tesco the other day which i didnt think was bad at all. especially as ive added my partner whos also had a crash in 2009.

EDIT: just to mention aswell ive not long turned 24 so about the same age as you

girlingreen

R_4M wrote: »

Had my license for 3 Years, 1 Years No Claims Bonus.
I want to get Insurance for Corsa 973cc - Fully Com - £500 Excess

My mate has 2 Years No Claims, And driving for 4 Years Maybe, His same age

£4000 Is the Lowest Im getting, 2 months ago when I did insurance check on confused it was Only £1600, Now Its turning into £4000,£5000 I have no idea why..

It could be your postcode- try doing a quote with all the same details but from a friend's address before you pay out for a credit report (obviously don't falsify your insurance though!). Insurance premiums can triple even if it's just the difference of a street away.

bouncydog1

jodiej1987 wrote: »

i think there is definitely something wrong there. im driving a 1.1 rover 25 with no NCB and had my licence 3years as well as having a crash in 2008 i have to declare. all my quotes are coming back at around 1300, i got 1100 with tesco the other day which i didnt think was bad at all. especially as ive added my partner whos also had a crash in 2009.

EDIT: just to mention aswell ive not long turned 24 so about the same age as you

But you don't know where the other person lives - there is a massive difference between postcodes and the rating will depend on the individual insurer's claims for a particular area. So your statement of "definately something wrong" is rather misleading.

OP - go see a good local broker - try the usual cost cutting tips outlined in the insurance for young driver threads. Try a less attractive vehicle - hyundai getz/skoda/ volvo etc. Something seriously uncool will likely get you a better quote. If that doesn't suit the choice is pay up or walk!

System

Im 21 and my insurance is £280. Try Elephant, add female drivers, increase excess.