How Can I Make Insurance Cheaper?
Discussion
Got offered a mint condition Golf GTI Mk4 for a price that I really can't turn down, but insurance is pulling my pants down. Best offer I've had is an £800 deposit with 11 payments of £630 a month. Even with the insurance in my dads name with me as a named driver it's around the same price.
Interestingly I was looking at getting a 1.8 Corsa SRi which is faster and newer than the GTI, yet it almost three times less to insure. How does that work?!
Any advice would be helpful as I don't want to turn this offer down.
Interestingly I was looking at getting a 1.8 Corsa SRi which is faster and newer than the GTI, yet it almost three times less to insure. How does that work?!
Any advice would be helpful as I don't want to turn this offer down.
Statistics unfortunately, and with your age (I presume the '95' in your username refers to your birth year) without being patronising, you're fighting a losing battle. A few things can help, but you'll still be looking at a hefty premium to insure anything remotely performance related at 19 years old.
This may/may not help;
-Move; postcode has a massive bearing on risk
-Pay in one lump for 12 months; interest rates from insurers are usually ridiculous
-Add a parent/low risk driver on as a named driver
-Limit mileage (only if you can actually do this!)
-Do an advanced driving course
-Buy a more insurance friendly car. Not what you want to hear, but risk profiles often aren't far from the mark, and the insurers are quoting silly money because there's more risk involved.
This may/may not help;
-Move; postcode has a massive bearing on risk
-Pay in one lump for 12 months; interest rates from insurers are usually ridiculous
-Add a parent/low risk driver on as a named driver
-Limit mileage (only if you can actually do this!)
-Do an advanced driving course
-Buy a more insurance friendly car. Not what you want to hear, but risk profiles often aren't far from the mark, and the insurers are quoting silly money because there's more risk involved.
1. Fronting is bad ok?
2. You are young (I'm guessing 19) and regardless of how good/safe you are other 19 year olds have a reputation for being in expensive accidents.
3. It's not the value of your car it the value of everyone elses - see thread about the chap who's had his GTR crashed into.
4. Buy a snotter or something unusual and insure that and build up a NCB.
2. You are young (I'm guessing 19) and regardless of how good/safe you are other 19 year olds have a reputation for being in expensive accidents.
3. It's not the value of your car it the value of everyone elses - see thread about the chap who's had his GTR crashed into.
4. Buy a snotter or something unusual and insure that and build up a NCB.
Al U said:
Increase the excess, add older drivers with no claims or points. Btw price aside what is it about the golf you desire? Probably other cars with cheaper insurance that will be better.
The price is a huge factor. Plus it's fairly quick with a lot of tuning/modification potential. Remaps completely change the car. Plus I've wanted a GTI for a few years now.Bullett said:
1. Fronting is bad ok?
2. You are young (I'm guessing 19) and regardless of how good/safe you are other 19 year olds have a reputation for being in expensive accidents.
3. It's not the value of your car it the value of everyone elses - see thread about the chap who's had his GTR crashed into.
4. Buy a snotter or something unusual and insure that and build up a NCB.
I've got a 1.2 Corsa at the moment which I'm using to build up some NCB with, yet even after 1 years NCB, the GTI insurance quotes barely move. 2. You are young (I'm guessing 19) and regardless of how good/safe you are other 19 year olds have a reputation for being in expensive accidents.
3. It's not the value of your car it the value of everyone elses - see thread about the chap who's had his GTR crashed into.
4. Buy a snotter or something unusual and insure that and build up a NCB.
Ahhh a fellow teen. Best thing to do is settle for a car thats not gonna hurt you on insurance as much. As above.
I started fronting when i first passed at 17(I'm 19 now ).Bad i know, but was possibly the only way to get insured. I was desperate to get on the road. However, as soon as i could, i got onto my own policy after a year of driving a 1.25 fiesta. I moved to the 1.6 Zetec S and saved for a long time. Paid £1,112 for my own policy through diamond. Only third party fire and theft with annual mileage at 6k. Told the company i had it on a driveway (which i had) and put both my mum and dad as name drivers.
Its so frustrating at our age when you want to go for something that little bit quicker. But we can't. Due to other peoples foolishness im afraid, its the way it has to be until you get yourself some no claims. Best of luck!
I started fronting when i first passed at 17(I'm 19 now ).Bad i know, but was possibly the only way to get insured. I was desperate to get on the road. However, as soon as i could, i got onto my own policy after a year of driving a 1.25 fiesta. I moved to the 1.6 Zetec S and saved for a long time. Paid £1,112 for my own policy through diamond. Only third party fire and theft with annual mileage at 6k. Told the company i had it on a driveway (which i had) and put both my mum and dad as name drivers.
Its so frustrating at our age when you want to go for something that little bit quicker. But we can't. Due to other peoples foolishness im afraid, its the way it has to be until you get yourself some no claims. Best of luck!
Petrolhead95 said:
The price is a huge factor. Plus it's fairly quick with a lot of tuning/modification potential. Remaps completely change the car. Plus I've wanted a GTI for a few years now.
When I was 19 I had a lupo gti and my friend had a mk4 golf gti. It used to infuriate him watching a shoebox pull away from him. Before I got the lupo I drove his car and not only did it feel slow but it was quite a pudding in the twisties. Have you driven one? How cheap are we talking?Petrolhead95 said:
The price is a huge factor. Plus it's fairly quick with a lot of tuning/modification potential. Remaps completely change the car. Plus I've wanted a GTI for a few years now.
When I was 19 I had a lupo gti and my friend had a mk4 golf gti. It used to infuriate him watching a shoebox pull away from him. Before I got the lupo I drove his car and not only did it feel slow but it was quite a pudding in the twisties. Have you driven one? How cheap are we talking?Al U said:
When I was 19 I had a lupo gti and my friend had a mk4 golf gti. It used to infuriate him watching a shoebox pull away from him. Before I got the lupo I drove his car and not only did it feel slow but it was quite a pudding in the twisties. Have you driven one? How cheap are we talking?
I'd rather be slower and have a Golf, can't stand the Lupo. Got offered it for £500. Currently looking at somewhere to store it until I have a years NCB in April.Petrolhead95 said:
He's only selling it that cheap because it's me. Buying it and selling it on would be a bit cheeky.
Just do that, the Mk4 GTI is a terrible car anyway. You would just be wasting money to insure a sh*tbox to drive around.Best option is to be main driver and ad an older (usually 40+) named driver. Even if you're named driver on an elder policy holder it will calculate the premium based on you as the highest risk driver.
Also if you're a student and work, put your job down instead of student.
Petrolhead95 said:
The price is a huge factor. Plus it's fairly quick with a lot of tuning/modification potential. Remaps completely change the car. Plus I've wanted a GTI for a few years now.
Unfortunately modding it is the last thing you want to do to make it cheaper to insure. The only real way given you've shopped around is to grow older!Things that will increase the price in my experience, change as many of them as you can:
Your age (big impact), only just bought the car (or not bought yet) (big impact), your postcode (potentially), not been driving long (big impact), no NCD (small impact).
Put 2 added drivers on who fit into the middle aged, clean licence held for years, low risk jobs category if you can. If you own or have access to another car make sure to put that.
You might have better luck with a non mainstream insurer like adrian flux. The only other alternative is to just wait a few year as hard as it may sound that's what we all had to do! (unless you get a 20 yr old car and insure it on a classic policy!)
Your age (big impact), only just bought the car (or not bought yet) (big impact), your postcode (potentially), not been driving long (big impact), no NCD (small impact).
Put 2 added drivers on who fit into the middle aged, clean licence held for years, low risk jobs category if you can. If you own or have access to another car make sure to put that.
You might have better luck with a non mainstream insurer like adrian flux. The only other alternative is to just wait a few year as hard as it may sound that's what we all had to do! (unless you get a 20 yr old car and insure it on a classic policy!)
my tip would be learn how the websites work and change see what details you can legitimately change.
the main ones i would look at are valuation and estimaded mileage.
The valuation one is a scam from insurance companies as far as i am aware, on the form it will ask you how much you think the car is worth, When i last did my insurance, the quote was actually cheaper the more i valued the car until i got to £5000 when the price stopped dropping. so i left it at that, my dc2 type R wasnt worth £5000 but considering insurance companies will specifically say if your car is written off they will only pay market value anyway, so this question on the form is redundant and if anyone asks i really like my DC2 and feels its worth £5000,
The same goes for mileage. insurance was cheaper for the more miles i said i would drive uptil a certain point, The answers on the form were "upto xxxx miles"
1000 miles PA is technically upto 8000 miles, its a fair way off but its still upto 8000 miles, and how will they check how many miles i will drive, what if something happens and i dont drive the 8000 miles i claimed i will drive upto? again another redundant question but it made my quote cheaper so i took advantage of it.
Obviously I would not recommend changing any details which will get you in a lot of trouble, years held license, hiding points etc.
but I hold a strong opinion that the way car insurance works is extremely unfair and companies get away with not offering you the best price for what is a legally required policy.
the main ones i would look at are valuation and estimaded mileage.
The valuation one is a scam from insurance companies as far as i am aware, on the form it will ask you how much you think the car is worth, When i last did my insurance, the quote was actually cheaper the more i valued the car until i got to £5000 when the price stopped dropping. so i left it at that, my dc2 type R wasnt worth £5000 but considering insurance companies will specifically say if your car is written off they will only pay market value anyway, so this question on the form is redundant and if anyone asks i really like my DC2 and feels its worth £5000,
The same goes for mileage. insurance was cheaper for the more miles i said i would drive uptil a certain point, The answers on the form were "upto xxxx miles"
1000 miles PA is technically upto 8000 miles, its a fair way off but its still upto 8000 miles, and how will they check how many miles i will drive, what if something happens and i dont drive the 8000 miles i claimed i will drive upto? again another redundant question but it made my quote cheaper so i took advantage of it.
Obviously I would not recommend changing any details which will get you in a lot of trouble, years held license, hiding points etc.
but I hold a strong opinion that the way car insurance works is extremely unfair and companies get away with not offering you the best price for what is a legally required policy.
Having just spent a few days with a top insurance aggregation company, they say that the top 6 main factors for insurance are:
Fully comp can be better than 3rd party (due to those people driving with more care, or at least put more care in their insurance)
Excess can work
Named drivers who are more experienced - can work.
Mileage - can work.
If you can change some of the main factors then you maybe in luck.
- Post Code
- Price of car
- Age
- Convictions
- Length you have been driving/Experience
- Disabilities
Fully comp can be better than 3rd party (due to those people driving with more care, or at least put more care in their insurance)
Excess can work
Named drivers who are more experienced - can work.
Mileage - can work.
If you can change some of the main factors then you maybe in luck.
And it gets worse when you say a £500 outlay. Gassing Station | General Gassing | Top of Page | What's New | My Stuff