Insurance address questions

GeorgePowerFinch

Evening everyone,

So I'm moving out (currently living with mum, but moving in with my GF) in a few weeks.

My new address is literally a 1 minute drive away but I've just done an insurance quote and my address now its going to be £800, the new address is £1200+, so it's a £400 difference for being 1 minute away. Infact Admiral who came up cheapest at my mums address went up to £2385 for being 1 minute away!! Car will still be parked on the drive same as my currently address yet its a massive hike in price. My questions is why? And second questions is, can I still be registered at my mums address even though I'll be living with my GF? Sounds cheeky but I'd rather leave my car on my mums driveway and save £400 instead of keeping it at the new address.

wongataa

The risk rating for the postcode of your new address must be higher than for your mum's address. You won't be able to find out the details so just accept it.


You can keep the car at your mum's if you want. As long as you tell the insurance company where it is kept it doesn't matter if you live there or not. Of course there could be premium adjustments if you don't live where your car is kept. Get a quote and see what difference it makes.

dacouch

It's possible with some Insurers to have a correspondence address eg your letters go to your GF house and a risk address where the vehicle is kept.

Be aware that in your circumstances there is a higher chance your Insurers will check especially if you have a claim.

The various quotes you have raised will be logged by Insurers and some will cross check these. Some will also have alerts built in that will alert them to people who obtain quotes on different addresses and then plump for the cheapest.

So if you go down this route you need to make sure you are telling the truth to avoid problems

[Deleted User]

dacouch wrote: »

It's possible with some Insurers to have a correspondence address eg your letters go to your GF house and a risk address where the vehicle is kept.

Be aware that in your circumstances there is a higher chance your Insurers will check especially if you have a claim.

The various quotes you have raised will be logged by Insurers and some will cross check these. Some will also have alerts built in that will alert them to people who obtain quotes on different addresses and then plump for the cheapest.

So if you go down this route you need to make sure you are telling the truth to avoid problems

That's interesting. Is there an industry-wide database for registering this type of stuff? Maybe CUE, but I didn't think that was used to store quote details.

fiisch

johnsmith1890 wrote: »

That's interesting. Is there an industry-wide database for registering this type of stuff? Maybe CUE, but I didn't think that was used to store quote details.

They can link the various quotes you've obtained, regardless of the input information, typically using a combination of things like vehicle reg, device information and IP address.

If you've had quotes at multiple addresses, then opted for the cheapest one, it is likely that the policy will be subject to added scrutiny. They also running soft credit searches which validates whether or not someone has ties to a particular address.

What the OP is suggesting is fraud. If the vehicle is being kept at the new address, that is where it should be insured.

[Deleted User]

fiisch wrote: »

They can link the various quotes you've obtained, regardless of the input information, typically using a combination of things like vehicle reg, device information and IP address.

If you've had quotes at multiple addresses, then opted for the cheapest one, it is likely that the policy will be subject to added scrutiny. They also running soft credit searches which validates whether or not someone has ties to a particular address.

What the OP is suggesting is fraud. If the vehicle is being kept at the new address, that is where it should be insured.

No it isn't. He's suggesting parking it at his Mum's address, while living elsewhere, and stating that to the insurer.

System

It ought actually to be safer at his mother's house. The usual giveaway of the car parked on the drive will mean a thief breaks into the wrong house for the keys.

dacouch

There is the Hunter Database.

But the simplest way an Insurer knows what details you obtained quotes on is that the comparison site sends your details to each of the Insurers each time you run a quote through. Many (Not all) Insurers simply keep a database of the quotes they've run through.

Processing data is how Insurers operate

GeorgePowerFinch

Which isn’t a bad thing right? I mean, yeah I’ve moved house but I’d rather keep it 2 mins down the road and save £0000’s 😂

[Deleted User]

dacouch wrote: »

There is the Hunter Database.

But the simplest way an Insurer knows what details you obtained quotes on is that the comparison site sends your details to each of the Insurers each time you run a quote through. Many (Not all) Insurers simply keep a database of the quotes they've run through.

Processing data is how Insurers operate

Isn't that for credit application fraud? It's a big step if they're now using it also to log insurance quotes. I didn't know Hunter was used for this. Do you have a source. I had a quick look online but couldn't find anything.

paddyandstumpy

johnsmith1890 wrote: »

That's interesting. Is there an industry-wide database for registering this type of stuff? Maybe CUE, but I didn't think that was used to store quote details.

There doesn't need to be an industry wide database to store quotes. Each insurer will store their own quotes, and most insurers will now cross reference against thier own quote database when a policy is taken out.