Buying a new car, cost of insurance?

st999

I am thinking of buying a new car, though undecided as to which and was wondering if I put my details into comparison sites repeatedly, with different cars each time, to find out how much the insurance might cost, if it will cause any problems when I finally decide what to buy?

Obviously if one car costs £100 to insure and another £1000 I would pick the car that would cost £100.

forgotmyname

I have never had any issues, Ive gone through pages and pages of cars on ebay looking for a first car for a young driver.

I think the only issues are when you start including accidents and points. When you finally take out the policy they may match it to previous quotes where you declared points or accidents.
Then with the actual policy your all clean.

InsideInsurance

In theory it can so you could of course try and get quotes for a fictitious person that is only a days different DOB etc and see how things turn out for them.

Ultimately insurers can change their pricing at any time and some do use CRA data in their pricing and so you may not get identical values but it should be enough to tell you if a Fiat 500 or Ferrari 458 is going to be cheaper for you.

Nasqueron

When I was looking for a new car and I had narrowed it down to a couple of choices I simply rang up my current insurer and asked them what each would cost - I assume "new car" means replacing an old one so just ring the insurer and you get an idea. If it's a new car and you have never driven before it might be prudent to pick an insurer with a freephone number and get some sample quotes rather than using the web which can cause issues if they see you tweaking stuff

InsideInsurance

Nasqueron wrote: »

it might be prudent to pick an insurer with a freephone number and get some sample quotes rather than using the web which can cause issues if they see you tweaking stuff

They have the same issue over the phone.

The problem of picking an insurer is that every insurer independently prices their products and so getting only one or two different companies views may give you a very poor representation of what is achievable.

Looking at my insurance quotes this year for my car:

Aviva - £450
Tesco - £750
Admiral - £800
QuoteMeHappy - £1,200
Performance Direct - £4,000
Insure2Drive: £7,500
InsureWiser: £15,500
Axa - Decline
Coop - Decline
Churchill - Decline
eSure - Decline

Pretty much anyone else you can name declined too

So randomly pick one or two and you will get potentially very wrong opinion.

r2015

When does your present insurance run out?


When I bought a brand new Hyundai to replace my old banger of a Micra my then insurer was Swindle, they wouldn't insure me, I don't know why, and actually wanted the cashback back that they had given me 5 months previously and a cancelation fee to cancel the insurance.


They actually wanted more to cancel the insurance than it cost me.


I just let it run until it expired.


I now know to buy a new car when my current insurance is about to expire.

InsideInsurance

r2015 wrote: »

I just let it run until it expired.

This creates three issues:

1) You cannot use your NCD until the old policy expires as its tied to the old policy still

2) If your insurers find out you have sold the car and not informed them they will void your policy which then has to be declared for life

3) If the new owners of the vehicle had an accident then your insurance is still liable to any third parties and have a right of recovery from you personally after settling the claim. This risk is low as hopefully the new owner buys insurance for it so no one checks whos the vehicle insurers but given the millions at risk its a gamble.

REDDDRAGGON

When I got a new car 3 weeks ago, AXA wouldn't insure me on it (not enough NCB (infuriatingly 4 months short) for the model apparently), so they allowed me to cancel the policy without a fee and gave me a pro rata refund.

Nasqueron

InsideInsurance wrote: »

They have the same issue over the phone.

The problem of picking an insurer is that every insurer independently prices their products and so getting only one or two different companies views may give you a very poor representation of what is achievable.

Looking at my insurance quotes this year for my car:

Aviva - £450
Tesco - £750
Admiral - £800
QuoteMeHappy - £1,200
Performance Direct - £4,000
Insure2Drive: £7,500
InsureWiser: £15,500
Axa - Decline
Coop - Decline
Churchill - Decline
eSure - Decline

Pretty much anyone else you can name declined too

So randomly pick one or two and you will get potentially very wrong opinion.

I suppose you could do quotes through a proxy or TOR it to reduce the trace but I kinda assume if they have 2 cars they could just compare the insurance group and go from there

r2015

1) You cannot use your NCD until the old policy expires as its tied to the old policy still

That never caused a problem I still got my NCD with my new insurer.

2) If your insurers find out you have sold the car and not informed them they will void your policy which then has to be declared for life

I told them, that's why they wanted their cashback back and cancellation fee,


This was all explained to my new insurer.

3) If the new owners of the vehicle had an accident then your insurance is still liable to any third parties and have a right of recovery from you personally after settling the claim. This risk is low as hopefully the new owner buys insurance for it so no one checks whos the vehicle insurers but given the millions at risk its a gamble.

The car was traded in as scrap.

Is it not the person who drives the car that is insured to drive the car not the car?

r2015

(not enough NCB (infuriatingly 4 months short)

I have over 40 years no claims, I've been driving since 1963