Car Insurance Article Discussion

baxter234

Hi people -

I'm a student trying to find a reasonable insurance quote for my vw polo. The trouble I'm having is with the portion of the quote forms that ask the postcode of where the car is kept overnight (I'm studying in south east london which, for obvious reasons, puts the price up by often more than double when I put in my london postcode...).
My question is - is the purpose of providing the overnight location simply in case of theft from that location? For example, if i were in an accident which was my fault and someone claimed against my insurer, would they still not pay out simply because I wasn't entirely truthful about the overnight location of the car, or would they ignore that portion of my details because they have no bearing on the accident itself?? I.e I could just accept the risk of theft, and if it were stolen, that would be it and I would lose the car (its fairly low value anyway). I'm afraid the answer might be simply that if any incorrect detail is found they will use it to try and avoid paying - any thoughts??

Thanks in advance!

Jamescuck

A little over a decade ago, the Insurance Institute complained that none of the 11 top-selling small cars merited a "good" rating in its

Peter_Lanky

At the moment I'm trying to think ahead as to when my daughter, who is currently aged 19 should start to learn to drive and eventually buy a car (buy it herself as opposed to me buying one) from an insurance perspective. I would appreciate any input from people who have bought insurance and their experience.

1) Does insurance drop when the driver is over 21? I'm sure it did when I was young, but it's too long ago to remember.

2) Are there any car models that are particularly known to have less expensive insurance associated with them? No point looking at a particular model and then finding it to be expensive.

3) What effect does adding other drivers to the policy have?

4) Anything else I should be considering?

RobertinHerts

baxter234 wrote: »

Hi people -

I'm a student trying to find a reasonable insurance quote for my vw polo. The trouble I'm having is with the portion of the quote forms that ask the postcode of where the car is kept overnight (I'm studying in south east london which, for obvious reasons, puts the price up by often more than double when I put in my london postcode...).

I'm afraid the answer might be simply that if any incorrect detail is found they will use it to try and avoid paying - any thoughts??

The insurance companies are in business to make a profit. They can refuse to pay on anything that does not match the entire wording of the cover. Delibrately giving wrong information is a definite no, no. The classic in your situation would be putting a parent as the main driver when it's not true, they are clamping down on this one.

Consider the additional cost as part of the rent when comparing property rental prices.

Robert

eljmayes

Peter_Lanky wrote: »

At the moment I'm trying to think ahead as to when my daughter, who is currently aged 19 should start to learn to drive and eventually buy a car (buy it herself as opposed to me buying one) from an insurance perspective. I would appreciate any input from people who have bought insurance and their experience.

1) Does insurance drop when the driver is over 21? I'm sure it did when I was young, but it's too long ago to remember.

2) Are there any car models that are particularly known to have less expensive insurance associated with them? No point looking at a particular model and then finding it to be expensive.

3) What effect does adding other drivers to the policy have?

4) Anything else I should be considering?

1- Typically insurance premiums drop once you are over 25- however even over that age the first years premium will always be pricey (£1000 plus).

2- Cars are given a 1-20 group rating, the higher the rating the more expensive the car is to insure. Be sure to pick a car lower than a group 10. Choose the smallest engine size you can as this will save on insurance and on the road tax. There won't be much price difference between particular models at the same engine size unless it's a prestigious make. Buying an old banger and insuring it third party would be the best way build up a no claims bonus.

3- Adding an experienced driver (5 years no claims bonus/no convictions) will likely reduce your premiums by 10-20%.

4- Apply for your provisional licence as soon as possible- it can make a difference with certain insurers even if you don't pass your test for years.

Get plenty of quotes and haggle.

Only pay for the extras you need, for example do you really need a hire car or could you endure public transport for a few days?

Hope this helps.

dave8syl

hi, all
hope this post is in the right place any advise welcomed

my wife had fullcomp with 3 yrs protected i was a named driver driver 9yrs protected

the front bumber/fogs/trims stolen while parked in a road

the insurance renewel as trebled ? whats the use of no claims protection

? why did they take it as my wife was the driver who parked it

? is there a social fund, for victims of theft where we can claim money's for the hike up in
insurance

! wish i just got second hand parts and donne it myself

astroman

Hi All,

The wording on my comprenensive policy states that I may drive any car not owned by or hired by me with the consent of the owner, giving 3rd party cover.
I have been given the use of an older car by my father (probably worth no more than £250) as he has now purchased a new car.
My question is, does the old car have to be insured (by my father) in order that the clause in my policy is effective?
If not then can I tax the car on this basis, I suppose I would be the registered keeper rather than the owner of the vehicle.

Thanks,

Chris

Quentin

Unless your policy says otherwise, then any "other car" you drive using your driving other cars cover would not need to be insured. (Though that means you could never leave it parked on a public road).

You would not be able to use your driving other cars cover to tax it - it would need insurance in its own right for that. (Though that could of course be cancelled as soon as the tax was bought).

mikey72

If you're going to argue you are the registered keeper, but your dad is the owner, I don't think you would win this one.
The other clause is you still have to own the car you policy is valid for, or your "other car" use is invalid.

JamesEv_2

I’d like to throw something into the mix for your thoughts, if I may?

I work for a company that have just launched a revolutionary new way of learning to drive called Drive iQ PRO – the idea is to teach far beyond the required test standard in roughly the same amount of time as it would take to get through a test (30-40 hours on average). We’ve bolted on some post-test coaching on motorway and night driving, plus a few hours of online coursework which also serves as Theory and Hazard Perception test revision.

It only launched last month, but our pilot project saw a doubling of first time pass rates against the national average and a massive reduction in claims. Off the back of this we have negotiated a fixed ratecard with a UK underwriter that rewards Drive iQ PRO students and graduates with significantly cheaper insurance. The average saving is about £400-£600 but only yesterday I spoke to a father who had saved over £2,700 on his son’s first year’s insurance!

The course replaces the conventional way of learning to drive and can only be delivered by a Drive iQ PRO coach (an instructor who has undergone specialist training). We have over 1,200 currently trained and the AA recently signed-up to adopt Drive iQ PRO and train their instructors to be able to deliver it. The course is accredited by EdExcel and everyone who goes through it will automatically receive a BTEC Level 2 Award in Driving Science.

It costs £150 to enrol (to cover EdExcel certification, training and monitoring of coaches and development of the online coursework). More information and examples of the insurance savings can be found on the drive iq website.

We DON’T believe in restricting new drivers using black box technology. If you learn to drive rather than learn how to just pass a test, then you solve two big problems – 1) young drivers crashing. 2) crippling insurance premiums.

For more info visit the website or call the office 01483 604010. I’ll happily answer any questions you may have