Ways to bring car insurance down

TomC5

forgotmyname wrote: »

Grow old without crashing or claiming, Keep a clean licence and your insurance will get cheaper.

Living on an island with on your own will get a really cheap quote.

Hmm, interesting idea, does Martin have a guide for buying your own tropical island on the cheap?

dacouch

jaydeeuk1 wrote: »

Oh dear. Unfortunately thats how insurance companies (and TV/Internet/phoneline comps) work. Get new customers in at a low price, and hope they're too busy come renewal time to check.
I can't imagine that anyone has ever had a renewal quote that is cheaper than a quote for same comp if they were a new customer.

Just read Martin's guide

It used to be that existing customers renewals would be circa 10% cheaper than new customers, the advent of the internet / comparison sites put paid to that.

Antispam

Often new customers get better deals even when you use same insurance company to renewal with. I use various insurance companies for quotes and comparison sites to get a idea then go to topcashback and get cashback.

My insurnace last year was £270 plus £45 cashback this year its £206 plus £47 cashback same company. I got for no frills though and £ 225 + £125 voluntary excess. I do have over 10 NCD protected

TomC5 wrote: »

Wow that's crazy, did you phone them up and ask why its cheaper on line than what they sent you I presume in the post.

forgotmyname

Lowering the value of your car each year may have the opposite effect.

I paid £2300 for my car, Similar cars with lower mileage were fetching much more. £3000 - £4000.

I put £2300 and some insurers wouldnt quote, Put £3000+ and more insurers were quoting in the comparison site.

fivetide

I always tell existing company to foxtrot oscar if they try to price match with a polite note to try again next year, not to try and rip me off first. If they can match the price they could have offered me that price in the first place.

On reducing values, sometimes best not to use whole numbers as (for example) saying £1000 will put you in a the £1000 to £2000 category while saying £995 will get you in a lower band.

Also, according to a lass at work who used to work for one of the insurers low miles can be as bad as high miles when estimating annual mileage. They like to see you are a regular driver but not a rep.

5t.

note_2

i passed last year (19 years of age) and was looking at running a car, cheapest i found with group 1 insurance cars was about £3000. one year on i did another price comparison and cheapest is £1400. did another one for when i'm 22 (just by putting my DOB as a year earlier) and it drops to £750.

by the way thats with all the tricks (2 parents on policy, high excess, social use only).

so the moral is dont get a car until you've had your licence for at least 2-3 years.

strange how if i get a car at the age of 22 i wouldnt have driven for 3 years but i'm thought of as lower risk? i'd say i'm much more likely to be nervous driving and therefore more accident prone than a few months after passing my test!!

Dave_C_2

forgotmyname wrote: »

Grow old without crashing or claiming, Keep a clean licence and your insurance will get cheaper.

Curses! Beaten to it - must be old age setting in .

Dave

jaydeeuk1

If you have an identical twin and two identical cars, you could halve your insurance cost. My only hope is if Deidre Barlow needs a quote.

mikey72

Choose the right car.
I've been through dozens for my daughter trying to find one to learn in, then one I can use as a second car when she has passed.

Clear winners for my 17 year old daughter are classic mini, and Fiat 126. Fictious details, but if no ncd, and passed the test last week, as main driver, both parent named drivers, they come in less thasn £1000, on mainstream insurance.

As a second car for me, (on the grounds I won't fit into the first two) the Mk1 Fiesta, Fiat 127, Panda, and Mk1 and Mk2 Polo are about £400 a year more for her to insure. My 80's Renault may have to go! (that's over £2000 if she insures it)

mikey72

ruby321 wrote: »

Too bad the classic mini is very expensive to buy and I can't find a fiat 126 on any used car sites...

As a 19 year old I payed £1600 on a nissan micra, but if I had bought a vauxhall corsa instead my insurance would be £1100! Insurance companies apparantly keep in mind how cheap it is to fix a car (parts etc.) if involved in an accident so go for really popular cars.

My first daughter has a classic mini, it took me about 6 months to find a decent one for a good price.
It's her everyday car, and has so far cost less than £600 a year to insure, even when she was 17. MOT's are a couple of balljoints or similar. Drives the length of the country in it.

There are a couple of 126's on ebay I'm looking at, as I reckon I'll be wanting one of those in a few months.