How much approximately will my car insurance go down (Assuming I don't claim)

Jlawson118

So I'm 20 and obviously car insurance is very expensive.

I passed my test May this year and bought a 1.2L, 2011 Corsa in August. The insurance for that without a box was £2600 with Admiral.

I know it's not going to go down an awful lot next year but I need to start saving soon for next year's insurance and I'm wondering approximately how much it will go down assuming I get my no claims discount? I've heard it goes down when you turn 21 and I will be 21 in July, plus a no claims discount?

DCFC79

Who knows, maybe try 1 of the comparison sites but use false data eg name etc and see what price you could pay.

Why not use this years price as a guide eg save up £2600, I cant imagine it being more next year but im not in the insurancs business.

Kim_13

Car insurance doesn't seem to go down much until 25 these days.

Superscrooge

A quick Google search suggests one years no claims discount is worth about 30% off your premium

http://moneyfacts.co.uk/guides/insurance/how-a-no-claims-discount-works/

Most websites seem to suggest that 25yrs old rather than 21, is the age when you become less risky to insure.

Don't just auto-renew when you get your renewal quote. Shop around using the various comparison sites. That is how to make the biggest savings.

Jlawson118

Kim_13 wrote: »

Car insurance doesn't seem to go down much until 25 these days.

DCFC79 wrote: »

Who knows, maybe try 1 of the comparison sites but use false data eg name etc and see what price you could pay.

Why not use this years price as a guide eg save up £2600, I cant imagine it being more next year but im not in the insurancs business.

I just did a bit of an estimate, moving my birthday back a year and the year I passed my test and got the car, and I was surprised that it went down by nearly £2000! :eek:

It's gone down from £2600 to just over £700. Definitely hoping to keep that no claims!