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Cheaper to park on-road than in locked garage???
KG
Posts: 333 Forumite
I have been using the tips on the main site to get quotes to renew my car insurance. I have a clean licence, have had it for 14 years, drive a 1 litre daihatsu charade, cover less than 8000 miles (social, domestic and commuting), park the car in a locked garage every night / in the secure work car park every day and work on websites (I used the 'job picker' to find the best job title for what I do). I haven't had any accidents in the last 5 years (and none at all that were my fault) but only have 2 years NCB due to being out of the country (and not driving) for a few years.
I was a bit disheartened to get a lowest quote of £408 (before taking into account any cashback) but then my aunt suggested I should try and see how much it would be if I parked my car on the driveway at night instead. I thought this would bring in a higher quote but, to my surprise, the lowest quote dropped to £368.
Following this train of thought I decided to see how much it would be if I parked on the road at night instead and, to my surprise the quote came down to £361.
This seems to defy all logic so I thought I would post it here to:
1) let others know to try using the different parking options if you have them and not just assume that a locked garage is going to be cheapest.
2) check if anyone knew why insurance companies follow that system.
3) ask if anyone had any stories of similar anomolies.
Ta
KG
I was a bit disheartened to get a lowest quote of £408 (before taking into account any cashback) but then my aunt suggested I should try and see how much it would be if I parked my car on the driveway at night instead. I thought this would bring in a higher quote but, to my surprise, the lowest quote dropped to £368.
Following this train of thought I decided to see how much it would be if I parked on the road at night instead and, to my surprise the quote came down to £361.
This seems to defy all logic so I thought I would post it here to:
1) let others know to try using the different parking options if you have them and not just assume that a locked garage is going to be cheapest.
2) check if anyone knew why insurance companies follow that system.
3) ask if anyone had any stories of similar anomolies.
Ta
KG
0
Comments
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Driveway - Can hit walls/gates/carports.
Garage - Can hit the garage
Both are possible, remember settling claims for both before.
However, in certain areas with higher crime you may notice Garages lower the premium.0 -
However, in certain areas with higher crime you may notice Garages lower the premium.
Yeah, that's why I am quote surprised. Don't get me wrong, I like the area I live in but it's not the 'most desirable' neighbourhood. In fact, just last night someone put a brick through my neighbour's windscreen...
KG0 -
Driveway - Can hit walls/gates/carports.
Garage - Can hit the garage
Both are possible, remember settling claims for both before.
However, in certain areas with higher crime you may notice Garages lower the premium.
Not only that. Park a car in the street and noone know who it belongs to. Park it on the drive and a thief knows which house the keys are in
Science adjusts its views based on what's observed.
Faith is the denial of observation, so that belief can be preserved.
:A Tim Minchin :A
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mildred1978 wrote: »Not only that. Park a car in the street and noone know who it belongs to. Park it on the drive and a thief knows which house the keys are in
I've seen that before.
But how many people do you know who don't park in front of their own house?0 -
I've seen that before.
But how many people do you know who don't park in front of their own house?
Lots. I live in a cul de sac. We have a double garage, and a double driveway. 3 cars: 1 in garage, 2 on drive.
Neighbours have same garage and drive. They have 4 cars and 1 van. Nothing in garage, so they squeeze 2 cars and the van onto the drive and the other 2 cars park either outside another house or at the bottom of the street (not visible from any of the houses).
Several neighbours have single drives but more than 1 car so they end up parking anywhere they can. Cars are rarely in front of the homes they belong to.Science adjusts its views based on what's observed.
Faith is the denial of observation, so that belief can be preserved.
:A Tim Minchin :A
0 -
Must be a "nice" neighbourhood.
Most would torch your car, and possibly your house, if you park in "their" spot.0 -
Must be a "nice" neighbourhood.
Most would torch your car, and possibly your house, if you park in "their" spot.
It is, but inhabited by normal folk. We've even been known to let others park on our drives while away on holiday, or lend each other cups of sugar (shock horror!!)!!Science adjusts its views based on what's observed.
Faith is the denial of observation, so that belief can be preserved.
:A Tim Minchin :A
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mildred1978 wrote: »It is, but inhabited by normal folk. We've even been known to let others park on our drives while away on holiday, or lend each other cups of sugar (shock horror!!)!!
Shouldn't do that, they may never leave.0 -
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There are some postcodes where a relatively new style of crime is rife. It is where they break into the house and steal the keys to the car. So, where a car is kept in the drive or garage, the criminal is able to see which house to break into to get the keys. Whereas on the road they cannot.
This type of crime was publicised on a a number of daytime shows telling the criminals who handnt already worked it out, what they needed to do.
However, the bottom line is, that in some post codes, the risk of driveway/garage can be greater than parking on the road.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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