Insurance doubled if changing address?

Barthanes

Hi all,

I am just looking for some information and advice.

I had recently moved into my own house from my parents. I had renewed my car insurance with my old address as I was still living there. Since my move I thought I'd update the policy address.

I assumed there would be no issues with that, but it turns out my premium would double because I've changed address which is less than 5 minutes walk from my previous address.

Is this right? I was shocked when I heard it.

Just wondering what your thoughts are.

Notmyrealname

Yep. Some postcodes are higher risk areas than others. Have a central Bradford BD4 one and hardly any insurer will want to know. Move just up the road to BD5 and its medium risk.

Have a look at the postcode ratings for car insurance here:
http://www.motorcarinsuranceuk.co.uk/post-code-ratings.php

Lum

If it's only 5 minutes walk away, can you keep your car at your parents place and walk the last 5 minutes?

Barthanes

Notmyrealname wrote: »

Yep. Some postcodes are higher risk areas than others. Have a central Bradford BD4 one and hardly any insurer will want to know. Move just up the road to BD5 and its medium risk.

Have a look at the postcode ratings for car insurance here:

Thanks for the link, my Postcode is still within the same category as my previous address.

Lum wrote: »

If it's only 5 minutes walk away, can you keep your car at your parents place and walk the last 5 minutes?

Yep, that's what I told the lady, I said that leave the address and I'll just leave my car parked at my parents.

I have just noticed that my address has been updated online now even though I told her to leave it. The premium hasn't went up, but if it does then all hell will break loose!

Lum

Just make sure you do actually "keep" the car at your parents place most of the time, where keep loosely means where you park it overnight. If it ever gets stolen or vandalised from outside your place questions are going to be asked.

It's fine to park directly outside your house if you're just popping in, e.g. to pick up your phone that you forgot.

dacouch

Notmyrealname wrote: »

Yep. Some postcodes are higher risk areas than others. Have a central Bradford BD4 one and hardly any insurer will want to know. Move just up the road to BD5 and its medium risk.

Have a look at the postcode ratings for car insurance here:
http://www.motorcarinsuranceuk.co.uk/post-code-ratings.php

That's not actually for car insurance, it's from Aviva's rating for motorcycles from about eight years ago, it had very little relation to car insurance then and is even more irrelevant now days

londonTiger

Barthanes wrote: »

Thanks for the link, my Postcode is still within the same category as my previous address.



Yep, that's what I told the lady, I said that leave the address and I'll just leave my car parked at my parents.

I have just noticed that my address has been updated online now even though I told her to leave it. The premium hasn't went up, but if it does then all hell will break loose!

when you do that you have to change the parking location from "street in front of house" to "public road away from home". That will increase the premium anyway.

People sometimes do take chances and not tell insurerss the full story. That's another issue altogether. But since you've notified them now, any attempts at a reversal will be highly suspect.

londonTiger

dacouch wrote: »

That's not actually for car insurance, it's from Aviva's rating for motorcycles from about eight years ago, it had very little relation to car insurance then and is even more irrelevant now days

thives and bad drivers are the same, they don't just go after one or the other. bad drives don't just crash into bikes, they'll crash into both.

So vehicle crime, accident rates will be consistent for cars and motorcycles

mikey72

https://forums.moneysavingexpert.com/discussion/comment/55704525#Comment_55704525

follow the advice here and post back.

dacouch

londonTiger wrote: »

thives and bad drivers are the same, they don't just go after one or the other. bad drives don't just crash into bikes, they'll crash into both.

So vehicle crime, accident rates will be consistent for cars and motorcycles

Motorcycle Insurance is massively different too car insurance, the cost of causing injury to others is massively lower something which has a huge impact on car insurance premiums. Motorcycle premiums then were predominantly driven by theft costs.

The rating areas for motorcycles has changed considerably since then let alone car insurance.

Car Insurance is rated considerably differently to motorcycle insurance and currently would have circa 30 rating areas to the links seven areas. It would also be rated on sector eg the first letters, numbers along with the next number.

It's affected by a many different issues than motorcycle theft eg affluent sectors being affected by break ins too steal executive cars. It can also be affected by areas that have a higher than normal amount of claims management companies.

Motorcyclists crashing tend to damage their bikes which can generally be replaced for a few thousand with perhaps a small amount of cost for repair to another vehicle, cars crashing generally include the cost of replacing / repairing the car @ a few thousand, often another vehicle again a few thousand and now days a personal injury claim at probably £4k

The link even refers to motorcycles and then the next sentence has been edited to mention car insurance

Barthanes

Lum wrote: »

Just make sure you do actually "keep" the car at your parents place most of the time, where keep loosely means where you park it overnight. If it ever gets stolen or vandalised from outside your place questions are going to be asked.

It's fine to park directly outside your house if you're just popping in, e.g. to pick up your phone that you forgot.

I will keep that in mind! However I am pretty sure nothing will happen to my car outside my house as it is a residents only car park filled with others in the block.

mikey72 wrote: »

https://forums.moneysavingexpert.com/discussion/comment/55704525#Comment_55704525

follow the advice here and post back.

I have done that and my insurer were unable to provide a quote, however I have obtained other quotes and they are only an extra 30-40£ on my total premium. So worst case scenario I'll cancel and go somewhere else.