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  • FIRST POST
    • MSE Martin
    • By MSE Martin 4th Oct 03, 5:14 PM
    • 8,111Posts
    • 42,248Thanks
    MSE Martin
    Car Insurance Tips & Tricks
    • #1
    • 4th Oct 03, 5:14 PM
    Car Insurance Tips & Tricks 4th Oct 03 at 5:14 PM
    My article on Car insurance - on how to cut the cost in four steps includes a list of hints and tips as well as the main system. If you have any additional tips or tricks (legal) for reducing car insurance, please write your information and experiences here, by clicking reply

    Read the full Cheap Car Insurance guide
    Last edited by Former MSE Dan; 18-01-2013 at 5:49 PM.
Page 1
  • archived user
    • #2
    • 4th Oct 03, 8:43 PM
    Re: Car Insurance Tips & Tricks
    • #2
    • 4th Oct 03, 8:43 PM
    I am about to start shopping round again for car insurance as mine is up at the end of the month.
    Last year I found that by having my dad as a named driver on the policy brought the cost down about £20.
    I was a 26 yr old male with 4yrs no claims. I was also told that insuring your no claims bonus is a waste of time. Not sure why but I have never bothered since.
  • sukk_uk
    • #3
    • 7th Oct 03, 1:11 AM
    Re: Car Insurance Tips & Tricks
    • #3
    • 7th Oct 03, 1:11 AM
    please can you replay to my help on first time insurance.
    :-/
  • archived user
    • #4
    • 10th Oct 03, 5:40 PM
    Re: Car Insurance Tips & Tricks
    • #4
    • 10th Oct 03, 5:40 PM
    i always without fail, shop around every year 1month before expiry date.
    Last year i took out car insurance with a company who gave me an on par insurance for less with my last insurance company who was underwriting it!
    Then the previous company, sent me a questionaire why i did not take out a policy with them again!
    When i asked why i could obtain cheaper insurance with another company that they underwrite, no reply.
    No wonder Winston is turning in his grave(clue).
  • archived user
    • #5
    • 10th Oct 03, 5:42 PM
    Re: Car Insurance Tips & Tricks
    • #5
    • 10th Oct 03, 5:42 PM
    If you are a young driver, take "Pass Plus" lessons, it costs about £300, but insurance companies will, most of the time give you a 30% discount.

    They dont usually ask you if you have it, so you have to tell them about it.

    Direct Line takes 30% off for the 1st year.
  • archived user
    • #6
    • 10th Oct 03, 8:52 PM
    Re: Car Insurance Tips & Tricks
    • #6
    • 10th Oct 03, 8:52 PM
    A particularly useful tip for those of us who live in Northern Ireland - buy a Porsche! I have a classic Porsche and when I needed insurance for my wife's normal car the premium from my specialist classic car insurer was about £300 less than a quote from a mainstream company meaning I effectively insure my Porsche for free with enough left over for servicing.

    It works like this - the classic insurer assumes that since you own a classic car you must be a more careful driver than the general public, hence they are able to offer lower premiums on their "everyday" insurance policies.

    It doesn't have to be a Porsche - buy a cheap MG midget and either stick it in the garage (in which case you can get even cheaper "off-road" insurance) or enjoy yourself by taking it out a few times in the summer!
    • Andrea
    • By Andrea 10th Oct 03, 11:33 PM
    • 362 Posts
    • 293 Thanks
    Andrea
    • #7
    • 10th Oct 03, 11:33 PM
    Re: Car Insurance Tips & Tricks
    • #7
    • 10th Oct 03, 11:33 PM
    "If you are a young driver, take "Pass Plus" lessons, it costs about £300"

    I completely agree with this tip but not so sure about the cost. !When I did it 3 years ago it was basically six extra lessons at the same rate as my normal driving lessons, which I took with the same instructor after I'd passed my test so cost me around £120.

    Andrea !
  • archived user
    • #8
    • 10th Oct 03, 11:40 PM
    Re: Car Insurance Tips & Tricks
    • #8
    • 10th Oct 03, 11:40 PM
    After shopping around, I've found that Sainsbury's motor insurance was the cheapest. If you have a Reward Card they give you 1000 points for signing up, plus if you pay with a Sainsbury's Visa card you'll get double points. My son who is 26, single & lives at home drives a Ford Zetec Fiesta was with Tesco but Sainsnbry's beat their price by a mile!
  • archived user
    • #9
    • 11th Oct 03, 2:39 AM
    Re: Car Insurance Tips & Tricks
    • #9
    • 11th Oct 03, 2:39 AM
    If you (any age) don''t have a no claims discount then try the Co-operative Insurance Society (CIS). They won't come up on all internet searches because they only quote over the phone (or so they told me) but they give an introducttory 45% NCD to new customers
  • gmelton
    Online vs Renewal Prices
    Here is some madness.

    I received my NU Direct renewal at a price of £425. I decided to check this online with NU Direct, and with the same criteria the quote was £315.

    I rang NU Direct to ask why, and was put through to an Indian call centre. I was asked to give all my details of insurance again (which took 27 minutes!!!!!!!) and even then the quote was over £400. Nobody could tell me why there was this huge difference between online price and renewal price (they suggested it was due to the 5% online discount ???). Nobody would even call me back to explain why. >

    I ended up taking up the online NU Direct quotequote. :-/

    Incidentally, the nearest Tesco quote was £333 and I am told by NU Direct that they underwrite the Tesco policies.
  • norman
    Re: Car Insurance Tips & Tricks
    Sorry Martin, but did we not go through ALL this in May or April? IE ALL cut to the bone-- no curtesy car,no foreign travel, no legal exps,car in drive, EXACT mileage declared, spouse on as second driver etc etc £150.00 excess etc AND IT COMES BACK to good ol` Ryl & Sun All. now called MoreThan WAS nr end of Yell. Pages
    @ 5/01 they saved me £69.00 @5/02 they cut ANOTHER £22.00 OFF & @5/03 ANOTHER £29.00 , ALL without being asked!! AND for the last 3 yrs Tesco AND Sainsburys have been more expensive. NOW on 65% NCD GUARANTEED FOR LIFE.
  • archived user
    Re: Car Insurance Tips & Tricks
    ???One trick I have heard of to reduce car premiums for prospective new drivers is to take out insurance for a moped or scooter when 16, even if you have not quite bought it yet!!!!! Then when you are old enough to drive a car at 17 you will already have some no claims bonus. The cost of the moped insurance can be considerably less than the savings of your no claims discount on car insurance.
    • lisyloo
    • By lisyloo 14th Oct 03, 11:41 AM
    • 22,855 Posts
    • 11,413 Thanks
    lisyloo
    Re: Car Insurance Tips & Tricks
    I didn't think that no claims on bike insurance could be used for cars.
    I certainly been told that in the past.

    Has anyone done this recently?
  • archived user
    Re: Car Insurance Tips & Tricks
    Dirty trick for insuring older cars and vehicles with lower market value, basically anything you would normally insure under Third Party Only:

    Find a company that offers DOC extension to basic policy. DOC stands for "Drive Other Cars", it's a clause to normal policy which extends the third party cover for you to drive any other car that is not owned, registered, or being hired to you.

    In practice what it means is that you get insurance (and DOC extension) for Insurance Group 1 dirt cheap Fiat Panda and drive Insurance Group 16 class car, be it 2.6 litre Ford Mondeo Ghia X or BMW Z3 Convertible as long as the car you drive is owned by your wife (and vice versa) and you're fine with the fact the car is covered TPO.

    Obviously it would be insane to use it for new cars but if you drive a car like Mondeo, big Citroen, Cavalier or any vehicle with sky high depreciation and market value lower than accident repair costs (especially in urban areas with risk zone factor 5 or 6) then £1,500 quote could suddenly become £400, all legal and in accordance with terms and conditions...
    • ikr2
    • By ikr2 23rd Oct 03, 2:17 PM
    • 145 Posts
    • 26 Thanks
    ikr2
    Re: Car Insurance Tips & Tricks
    I have a tip for saving money but only if you pay in monthly instalments.

    Most insurers charge an APR if you pay them monthly rather than annually. Check the APR for this - they could be ripping you off! We checked our two companies last May when renewal was due and found the APR was 18% and 10% respectively!

    So we paid them in a lump sum from a credit card (in this case Smile at 9.9%). That saved is £40 on two policies that cost us £900 between them.

    I was then lucky enough to get the 0% Barclaycard and transferred this balance across. This means I now save £130 compared to if I'd paid monthly direct to the insurerers.

    You do have to be disciplined and pay off the card within 1 year but we just pay the same payments by Standing Order to Barclays and are looking forward to clearing the balance a month early in April - leaving us with an extra £130 to spend/save during that month!

    Ian Ridley
    • MSE Martin
    • By MSE Martin 23rd Oct 03, 2:22 PM
    • 8,111 Posts
    • 42,248 Thanks
    MSE Martin
    Re: Car Insurance Tips & Tricks
    Ian, thats a superb trick, and one I should have thought of. (all the best ones are obvious once you think of them). Ut hmmm...... it may just appear ini my book
    • ikr2
    • By ikr2 23rd Oct 03, 3:15 PM
    • 145 Posts
    • 26 Thanks
    ikr2
    Re: Car Insurance Tips & Tricks
    Ian, thats a superb trick, and one I should have thought of. (all the best ones are obvious once you think of them). !Ut hmmm...... it may just appear ini my book !
    Of course it's better if you can afford to pay the premium in one go without borrowing on a credit card.

    If you do follow my idea you can shuffle the balance to 0% introductory offer cards or one with a low rate for life for balance transfers. This will be almost as good as the Barclay card offer.

    A few things I'm not sure about:
    • I pay my House insurance in instalments too but am not sure if there is an APR associated with this.
    • Does the consumer lose out by paying the premium in one go if they want to amend/cancel the policy? (I don't think so but people thinking of saving money this way should perhaps check)

    Ian
    • payless
    • By payless 23rd Oct 03, 4:05 PM
    • 6,585 Posts
    • 2,342 Thanks
    payless
    Re: Car Insurance Tips & Tricks
    One very large insurer dropped interest for monthly payments - they now add what they call an admin fee
    strangely from the renewals (i'm a broker) I see this admin fee varies - directly in relation to the the premium-
    I calculate at a rate similiar to 12% APR
    - but of course they don't quote an APR as its a admin fee.

    Some comanies don't charge extra for monthly premiums (although you could say they don't offer discount for annual)

    CARE some brokers now selling home & car insurance on annual basis - funded by credit finance (effectively a loan) - some cases the interest charged is higher than that offered by the insurers own monthly plan!!!

    I prefer monthly (if no extra cost) for my clients as usually if no claim !that year the company will not charge any penalty (you just cancel DD) rather than trying to get a rebate from the insurer ! -

    I advise on home insurance - rather than motor !- but
    I believe that in the Motor Ins world the rebates on a cancelled policy are less if its the first year you have been insured with them.
  • archived user
    I discovered something that saved 11%
    My car insurance is up for renewal and Iíve been shopping around. During the year we had 2 incidents where our car was damaged but we werenít driving it at the time. The first was caused when nieghbour left his handbrake off and his car rolled into our garage door pushing it into the car inside Ė this was fully reclaimed from his insurer we didnít even have to find and reclaim the excess. The second incident was caused by a kid on a pushbike crashing into the car on our drive, we had to pay excess (the claim was nearly £1000!) but we have protected no claims.



    When entering quote details on Elephant I put one incident under my name and one under my wifeís (second named driver and a housewife). My wife also has a speeding conviction. Not happy with the initial quote of £862 I put all incidents under my wifeís name and the premium reduced to £768. Since no driver was involved in either indecent I assume that this is acceptable.



    Does this make sense?



  • jimbob
    Re: Car Insurance Tips & Tricks
    i have a number of tax exempt cars (ie pre 1972) that i drive regularly. Mostly these have been insured at the most basic level through Tesco's but i now want to move to fully comp - trouble is that i cant find any way to either find all the companies that offer classic car insurance, or to compare the quotes

    does anybody know of any good websites out there that will do this or can recommend a particular company?
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