Lowest insurance paid

[FreeLitres]

I am always keen to learn, so here is a question to all those that pay tiny insurance premiums: How on Earth do you do it?!?

I always check all the comparison websites and manage to convince my current insurer to match the cheapest price I find (as the renewal price seems to jump ever year). So how do you get such cheap premiums?

Use obscure companies not listed on comparison websites?
Go for a massive excess?
Fronting

Please share!

[JamesNotJim]

Most I've paid is £1183 for my first car at 22, that was a Focus ST170.
This year I paid £675 for a Mk4 Golf 1.8AGN GTi.

Pretty fair tbh, I cant really complain.

What I cant get over is my little brother, passed his test Sept 2010. Bought a little fiesta 1.2zetec, bought insurance through admiral. (By far the cheapest)
Premium £2.3k, paying just over £220 a month. His missus' insurance ran out Dec2010. So they try the multicar policy.... £1.4K for his car and hers... How the knob do they work this st out?

[Blue32]

Paying £730 inc breakdown and personal accident cover for a supercharged MKIV R32, 32 years old. 9 years NCB, no points or convictions.

Just been quoted £701 TPFT(same insurer as the golf) to insure a 1.9D Berlingo van with about 400bhp lass then the Golf.
Have got it down to £395 via gocompare, guess my current insurer don’t want me to use 2 cars

[Andy Gardiner]

Cheap insurance, how to do it (ignoring car / age / driving history.)

1. Check out the comparison sites and note the cheapest.

2. Check sites such as Aviva and Direct Line who don't use comparison sites.

3. Go back to the cheapest comparison results, and check their sites directly, they are sometimes cheaper. (For instance comparison sites ask for last 5 years history, some directly only ask for 3 or 4 years history. That accident can go away quicker and save you £££'s)

4. When you have your cheapest quotes use a cashback site (I use Quidco) and check the premium through them. Aviva are paying £60 cashback at he moment, but not all insurance companies use them.

5. Before you commit, try a local broker, they may pull a weird and wonderful company out of the bag.

Good luck.

[Richardsix]

I pay the extortionate sum of £105.00 a year for my Tiger super six, no no claims bonus, limited to 3k a year mileage.

[philmh]

My 16 y/o s1 106 rallye last year cost £330 fully comp. I have 3 points, sp30 from september 07, but 13 years no claims now. Renewal due end of January. Oh, and i'm 32 now.

Edited by philmh on Thursday 6th January 00:22

[Darlo74]

blugnu said:

Darlo74 said:

Can't work out insurance companies... when I bought the Boxster new I paid around £800 fully comp, full NCB, no accidents or convictions etc, I then proceeded to have 2 fault claims in the first year (not my finest hour!) and was terrified of the renewal price as I hadn't protected my NCB. Anyway, with the 2 fault claims I managed to renew fully comp with 1 yr NCB for around £700... WTF?!

Cheapest I've paid is just over £200 fully comp for a Pug 206 and about the same for the focus.

Now paying just under £500 fully comp (incl. business) for the 335i, which I'm happy with...

You don't get it? I don't get it! The more I read this thread the more annoyed I am! I presume from your username you are the same age as me. And your costs to insure a £30k car, with your two fault claims, is a mere £50 more than it is for me to insure my £500 car to the same level, and I've never made a claim in 17 years of driving. How does that work?

It almost seems that the insurance companies can't believe I've never claimed and so keep adjusting my policy expecting me to crash. I don't think I've ever paid less for insurance than the year before. The guy I just spoke to says that as a whole the insurance industry is paying out £1.20 for every £1 it receives in premiums, but that doesn't seem plausible.

I can understand your frustration! My claims are now expired as they were over 5 years ago so I've got a clean record (no claims or convictions) which is why it's fairly reasonable to insure. Also, insurance companies have certain overheads that apply regardless of the value of the car so if you have a cheaper car you're starting from a disadvantageous position.

To be fair I shop around a lot when I renew, I think I used "Beat That Quote" this year and managed to get my insurance through LV=. I had tried direct with LV= before I went to the comparison site and they wanted 50% more... so insurers will pay to get the business through a comaprison site... again very strange as I'd assume these people are more likely to shop around the following year.

So, definitely shop around and be cheeky if you speak to them and ask for their best price... they want your business.

[robsco]

I provisionally bought a 1990 Alfa 33 1.7ie a few weeks ago, subject to insurance to sit alongside the 156. This cost the grand sum of 200 pounds. The cheapest quote I could get, with dad as a named driver and mileage of a stonking 2k miles per annum, was a shade under 3k, or in other words just under double what I pay for the V6. Safe to say I didn't end up buying it.