CAR INSURANCE - look at this

leeds6lad

Dunno if this helps anyone, but recently, I was trying to renew my car insurance and wanted to work out how much of a saving I would make by altering bits here and there. Here is the result. I hope it helps some of you at the very least just to help you focus on where the biggest savings lie and what doesn't affect your premium much at all.....

Ram, Leeds


1st Column = Condition
2nd Column = Cost
3rd Column = XTRA £££ from baseline (in Red)
4th Column = XTRA £ when compared to previous row

10 000 miles £418
11 000 miles £426 +8 +8
12 000 miles £433 +15 +7
13 000 miles £440 +22 +7
14 000 miles £448 +30 +8
15 000 miles £455 +37 +7
20 000 miles £490 +72 +35
Most people do around 10-12 000 miles per year. Don’t over estimate what you do!


social/pleasure use £418
social/pleasure +business use £418 +0 +0
:T Looks like mixed business/social use doesn’t add that much onto your premium BUT if you never declared it in the first place, it could invalidate your insurance. Double check this one.... depends how much business use I suppose.

£250 XS £418
£500 XS £355 -63 -63
£700 XS £332 -86 -23
£1000 XS £323 -95 -9
:rolleyes: Is there any point going about £500 XS? It seems like you save very little but would have to fork out lots if the unfortunate ever happened (?too high a risk)

£500 XS £355
Adding 1 accident - me to blame
£373 +18
Adding another accident – me NOT to blame
£373 +0
Adding 3 convictions (of which one has expired)
£460 +87
Adding 2 convictions still live (but not adding the one which has expired) £460 +87 +0
:beer: If insurance companies ask you for all motoring claims even where you were not at fault, it is unlikely your premium is going to be affected by the “no blame ones”; only the “blame” ones should affect it.

:rotfl: If insurance companies ask you for all convictions in the last 5 years (even those that expire after 3 years), it is unlikely your premium will be affected by the expired items.

MarkyMarkD

Useful information, leedslad, but it would help if you said which insurer.

And to generalise about how all insurers will treat specific underwriting aspects, based on a sample of one, is probably misguided. Some companies really hate convictions, others don't give a stuff.