Best Way to make insurance cheap

3Dshay

Hello,

Would you please let me know what is the best way to make the insurance as cheap as possible?
What is a second driver ?

Thanks.

BeenThroughItAll

3Dshay wrote: »

Hello,

Would you please let me know what is the best way to make the insurance as cheap as possible?
What is a second driver ?

Thanks.

There is no magic formula. Everyone is different, but you need to be old but not too old, experienced, have not crashed, not been convicted of a crime, live in a nice area, have a car that no-one would want to steal, keep it safe, do low mileage and have whichever job title that particular insurer likes.

There's no easy way out of this other than ringing around the insurers until you get a decent quote, which will differ for every single set of circumstances.

A second driver is, not surprisingly, a second person named on the policy who can drive the car...

jimjames

3Dshay wrote: »

Hello,

Would you please let me know what is the best way to make the insurance as cheap as possible?
What is a second driver ?

Thanks.

Be old(ish), drive a garaged classic car with limited miles policy with 2 drivers.
My car insurance was £96 per year.

dannyrst

Top tip. Some insurers charge more if your car is in a garage than on a driveway.

daveyjp

And they sometimes charge more if your car is in a driveway and not parked on the street.

BeenThroughItAll

And some will charge more if it's not on the driveway, or the street, but in a private car park. Or if it's Tuesday. Or if you live in a house with a blue door.

That's the wonder of insurance quotes!

OP, you may not be finding all our answers helpful - but that's kind of the issue here. There is no right or wrong way to make your insurance cheaper.

dannyrst

daveyjp wrote: »

And they sometimes charge more if your car is in a driveway and not parked on the street.

They definitely charge more if you intend to park in Liverpool.

Ebe_Scrooge

Cheapest way is not to have insurance. If you get away with it then it's cost you nowt. If you get caught then it's a £100 fine, which is still cheaper than buying insurance.

That's how it seems to work, judging from the many "Police Interceptors on the job" type programs on TV :mad::mad::mad:

But seriously, as others have said, there are a multitude of variables, and different insurance companies give different weightings to each one. But generally, insurance is lower if you live in a statistically low-crime area, are a more mature driver with lots of years of accident-free driving, have no motoring offences recorded, drive a car that is low-powered, cheap to repair, not attractive to thieves, not favoured by boy-racers, you have a job that makes you seem "sensible" ( e.g. a teacher is, rightly or wrongly, seen as a safer risk than a film star ).

Whatever you do, though - don't be tempted to lie on the application form to bring the cost down. If you ever need to make a claim, then best case scenario your claim will be refused. Worst case, your insurance will be cancelled, meaning any future premiums will sky-rocket, and you may even be done for fraud.

What you can do to reduce costs is volunteer for a higher excess. This means that if you need to claim, you pay the first, say £200, out of your own pocket. Usually a higher excess means a lower premium, but you have to accept that you'll be paying a portion of the repair bill yourself.

Adding other drivers to the policy can often bring the price down, so long as they themselves are a "low-risk" driver. Recently my son turned 17, so I added him to my policy as a learner and my premiums went up 5-fold. I shopped around and found a policy that was only 3 times my existing renewal, but it's still a bit steep.

( I dread to think what's it's going to cost when he passes his test and wants his own policy !!! ).

3Dshay

Thanks a lot people, you are helping me a lot .

BeenThroughItAll : second driver sound's good to me, I am 32, never had an accident and drove for 10 years, but in my country not here . no crime nothing .

Jimjames : would you please explain a bit about drive a garaged classic car with limited miles policy?

Ebe Scrooge : thanks for your detailed comment, what cars are usually low-powered, cheap to repair? ford focus, Citroen c4, any ideas? higher excess is a good ideas as well as second driver, Thanks for letting me know

Thanks everybody :money:

Gloomendoom

Even driving an ungaraged classic will save you money on insurance. I pay about 80 quid a year for mine, fully comp.

Classic motoring isn't for everybody though.

moneysavvy35

You could try getting a black box ...(it monitors your driving) this may offer you cheaper insurance...