Car Insurance For A Brand New Older Driver - baffled and confused!

twinklyspangle · 18 April 2019 at 11:38AM

Hi! I passed my driving test yesterday - at 35, I can't tell you how chuffed I am to finally have this under my belt! I have a car that my parents have gifted me, a 2017 plate Hyundai i10 SE.

I am utterly baffled by insurance. I have a few questions and I would love to know if anyone can help me - a lot of the information online is tailored towards new drivers under 24 or older, experienced drivers and I'm really struggling to find info that suits me.

1. I was under the impression that Fully Comprehensive was more expensive that Third Party, or TPFT. Is this still the case and what do I want? I have literally got no idea at all. My main goal is keeping the cost down for the insurance and I'll be driving carefully and not long distances for the first year until I can get a better price for my insurance without a huge excess.

2.How do I know how many miles I am going to do?

3. Does the fact that I am currently classed as unemployed, but I am working on setting up my own business have a significant impact on the cost of my insurance? Should I 'bend the truth' and put myself down as what I hope to become?

4. Is there a site that specialises in this type of insurance for a new driver like me? I'm getting quotes of over 1,300 on compare the market and slightly lower on go compare. Is there a site or trick I am missing here?

Thank you so much for your help in advance x

csgohan4 · 18 April 2019 at 12:21PM

https://www.moneysavingexpert.com/car-insurance/

mostly all you need to know, Just average your mileage a week and x by 52.

You can try a car insurance broker to try and get a cheaper premium but ensure they are registered as such, you want to avoid ghost brokers, we had one the other day who got ripped off as soon as they had an accident

twinklyspangle · 18 April 2019 at 12:23PM

I have zero idea how many miles I would even do in a week as I have never had a car before!!

Quentin · 18 April 2019 at 12:28PM

twinklyspangle wrote: »

Should I 'bend the truth' and put myself down as what I hope to become? …...

Never lie to an insurer. You agree you have told the truth when applying for cover

If you need to claim or someone makes a claim against you then they will find out (if not before!) because what you told them will be thoroughly checked up on.

A discrepancy allows them to void/cancel your policy, reject your claim, and in the case of a third party making a successful claim against you deal with it but then come after you to reimburse them!

(Think bankruptcy should you injure someone!)

If you think premiums are high for novices, wait to see what you would have to pay with a cancellation in your history!

[Deleted User] · 18 April 2019 at 12:29PM

twinklyspangle wrote: »

I have zero idea how many miles I would even do in a week as I have never had a car before!!

Well where are you planning on driving to? To the shops and back a few times a week? To visit far-off family every week?

It'd be worth factoring in the miles you would expect to do in your new business venture i.e. would you be driving to difference places then?

Quentin · 18 April 2019 at 12:29PM

twinklyspangle wrote: »

I have zero idea how many miles I would even do in a week as I have never had a car before!!

So estimate!

No-one is 100% accurate

If you end up wildly out during the year you can amend the original guess

waamo · 18 April 2019 at 3:02PM

twinklyspangle wrote: »

I have zero idea how many miles I would even do in a week as I have never had a car before!!

The insurance company will understand this. A rough guesstimate is fine.

D_M_E · 18 April 2019 at 4:20PM

You must tell the insurance co that you are currently unemployed but are working on your business with a view to increase activity on it.

Try getting insurance as an unemployed driver then contact insurers a few days later and advise them of this and ask for commuting to be added and see what they say.

Or find an independant insurance broker and explain your circumstances to whoeveritis you find and see what they can do/find for you.

Above all be honest with your insurer, tell them everything and don't give them any reason to void or cancel your policy.

Aretnap · 18 April 2019 at 7:26PM

TPFT is sometimes cheaper than comprehensive, but not always. Get quotes for both and see what the difference is.

If comp is cheaper then it is a no brainer. If TPO or TPFT is cheapest then think carefully about the fact that buying it means you will have no cover for damage to your car in the event of an accident. (If the accident is someone else's fault them you might be able to claim against their cover, but only if you can find them, they have insurance and you can prove that it was their fault). Only you can decide whether this is a risk worth taking. If your car is an old banger worth a few hundred quid you might decide that it is - of it's a brand new car which you could not possibly afford to replace it of your own pocket then maybe it isn't.

Mrs_Ryan · 19 April 2019 at 1:03AM

As it’s a newer car I would suggest looking at comprehensive cover.
Definitely tell them you’re unemployed, this can increase your premiums however once your business is up and running you may find yourself with a refund. You may not but it just depends on the risk factor.
As for the mileage, I would say probably slightly overestimate than underestimate. However if you’re slightly out it won’t matter- although if you said you were doing say 5,000 a year and ended up doing 20 there might be an issue but if you said 5,000 and ended up doing 5100 there’s not going to be a problem.
You could try a Black Box policy but they’re not for everyone.
Finally I’m just slightly older than you and I’m learning currently- fortunately I used to work in insurance until very recently so I know my way round but I would Very much agree that it’s more tailored to either the very young or more experienced and there’s not much of a happy medium!
Good luck x

mustiuc · 19 April 2019 at 7:49AM

I think you are lucky getting 1300 a year being unemployed and new driver. I paid £107/month on my first 1.2 engine having my driving license for 6yrs at 27yo. After less than a month someone hit my car in the Tesco car park and I was classed as risk. Next year, my premium wasn't changed too much (86/month with max discount from aviva drive). Only after two years my premium started to be like others (@35-40/mth) and everytime I make a quotation I got quite the same prices.
Bear in mind I ALWAYS kept the same info, never changed anything "just for fun" and I never make too many quotations. Quotation websites/insurers collect and hold all the data and if they noticed "too many" requests/changes they tent to put the prices up. It happened to me and friends many many times.
I dont agree telling them you are unemployed. Why would you say that? Do you have a qualification/degree something? Car insurance companies are not god on earth to know everything you do every hour a day. You migh change jobs, quit for a while, take a few months break. Would you call them to let them know you want a two months break and stay at home without job? They will put your premium up in 1st second.
If with parents as named drivers, small engine low group car, 35y/o, low mileage (I wouldn't put more thank 6k/yr) you're getting 1300 a year, then you don't have what to do elso to pay it, build your first NCB, next year will go slightly down and so on. There is nothing you can do.

Car Insurance For A Brand New Older Driver - baffled and confused!

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