Car insurance on very old Micra?

System

25 year old Volvo estate, 2.3 litre engine, two drivers, commuting included, just renewed at £204.77 for the year.

ciderboy2009

ThinkingOutLoud wrote: »

You could try increasing your voluntary excess up high.

Probably wouldn't make much difference for a car of that value.

I recently reduced my wife's excess on her old Corsa from £500 to zero with no change to the premium - if you think about it it makes sense as they're only ever going to have to pay out a couple of hundred pounds for her car.

Quentin

ciderboy2009 wrote: »

Probably wouldn't make much difference for a car of that value.

I recently reduced my wife's excess on her old Corsa from £500 to zero with no change to the premium - if you think about it it makes sense as they're only ever going to have to pay out a couple of hundred pounds for her car.

Try it the other way.

Increase the voluntary excess as high as you can (eg £1000) and see if that reduces the premium.

macman

You don't state your age, but try adding a second named driver to it who is younger than you (but over 30) and has a clean licence and a few year's NCB. A relative?
As you can see by the marginal cost difference between comp and 3rd party cover, it's the latter that carries most of the risk.
I don't think that £200 p.a is at all ridiculous though.

lukrezia

I am 72, macman, and have been driving since the early 1970s.

I have just had a chat with them, and they have reduced my premium to £153.30, which I am paying quarterly, at no extra cost. I don't think I could get it down further than that, so I'm fairly happy. Thanks for all your helpful comments, they did help to put things into perspective for me.

One thing though, they said my premium could come down more if I put a second driver on the policy. I don't understand why this should be. In any case there isn't anyone I can nominate, so it's academic.

paddyandstumpy

Paying quarterly - Saga by any chance?!

If so, odd are you could lower that further by avoiding them.

Quentin

macman wrote: »

.....try adding a second named driver to it who is younger than you (but over 30) and has a clean licence and a few year's NCB. A relative?.....

You don't get asked about how much NCD any named driver's have.

They should ideally have no claims in their recent (last 5 years) history.

But even if they never now drive put them on if they have held their licence a while and see if the premium reduces