Young insurance tips
Discussion
As I recall from other threads, there are some young pettrol heads amongst us. Many of which will be familiar with this sort of quote:
I got my current insurance pretty cheap by using some perfectly legit tactics which other people have now benefited from:
Add other 2 drivers(Older, preferably women, 15+ years driving, No accidents or convictions in 5 years)
Try the quote with street parking, it was £200 cheaper than garage and driveway for me.
Elephant, Admiral and Bell tend to be very competitive in the younger market.
I'm now looking to change car to something with the same level of performance (Fabia vRS - Scirroco) but the quotes I'm getting are £2000+ on top of what I pay at current.
Does anyone else have any tips, I've often seen in other threads young people having BM's, TVR's etc at reasonable prices. Are there any other insurance companies to try other than the mainstream ones with online quoting tools?
I got my current insurance pretty cheap by using some perfectly legit tactics which other people have now benefited from:
Add other 2 drivers(Older, preferably women, 15+ years driving, No accidents or convictions in 5 years)
Try the quote with street parking, it was £200 cheaper than garage and driveway for me.
Elephant, Admiral and Bell tend to be very competitive in the younger market.
I'm now looking to change car to something with the same level of performance (Fabia vRS - Scirroco) but the quotes I'm getting are £2000+ on top of what I pay at current.
Does anyone else have any tips, I've often seen in other threads young people having BM's, TVR's etc at reasonable prices. Are there any other insurance companies to try other than the mainstream ones with online quoting tools?
Don't get bent over a barrel just so you can drive around in a Fabia or a Scrirocco it ain't worth it.Not good enough!
I managed to get my current insurance at a decent price and I wish to continue to drive a quick car. I'm willing to pay the premium, so long as its not too excessive.
I've seen some ridiculous insurance prices for young people on here!
I wouldn't have a problem if I could even get the quotes down to £2k!
I managed to get my current insurance at a decent price and I wish to continue to drive a quick car. I'm willing to pay the premium, so long as its not too excessive.
I've seen some ridiculous insurance prices for young people on here!
I wouldn't have a problem if I could even get the quotes down to £2k!
I would also wait. You might be able to get a reduction but no way will you get an acceptable price (my definition) until you've built up your no-claims. Save £2K per year for 4 years and that's the difference between a knackered heap and a Megane F1, not to mention you'll also have saved £4K on running costs. The only way would be to look into owning a classic but for most people that's not an option because you normally need a garage, limited mileage, etc. Insurance for young people is massively expensive and that's the way it is. If I was in that position today I'd get the bus and save up, honestly. I didn't, back in the day, only because insurance cost virtually nothing (literally nothing for the first year as they gave it away free with the car plus a full-no claims at the end of the year - unimaginable now).
Do remember that once everybody starts using "money saving options" the statistics will start to reflect the increase in accidents.
I.e. everybody used to put down their car was garaged even when it wasn't as such the statistics for accidents for people who garaged cars increased and made it a higher risk, and because so few people actually put street as where it's kept at night the number of claims were lower than garage.
I.e. everybody used to put down their car was garaged even when it wasn't as such the statistics for accidents for people who garaged cars increased and made it a higher risk, and because so few people actually put street as where it's kept at night the number of claims were lower than garage.
A friend and fellow member on here has a audi a4 (i think, forgive me sam) with a v6 under the lid and pays a very reasonable price for insurance.
Give that as well as other fast saloons a pop.
Sometimes the model with the biggest engine is the cheapest to insure as its never been crashed by a rep or young man with huge testes and a woman to impress.
Give that as well as other fast saloons a pop.
Sometimes the model with the biggest engine is the cheapest to insure as its never been crashed by a rep or young man with huge testes and a woman to impress.
ZOLLAR said:
Do remember that once everybody starts using "money saving options" the statistics will start to reflect the increase in accidents.
I.e. everybody used to put down their car was garaged even when it wasn't as such the statistics for accidents for people who garaged cars increased and made it a higher risk, and because so few people actually put street as where it's kept at night the number of claims were lower than garage.
Best advice PH has ever given me, this knocked off £130 off my quote, see my threadI.e. everybody used to put down their car was garaged even when it wasn't as such the statistics for accidents for people who garaged cars increased and made it a higher risk, and because so few people actually put street as where it's kept at night the number of claims were lower than garage.
ZOLLAR said:
Do remember that once everybody starts using "money saving options" the statistics will start to reflect the increase in accidents.
I.e. everybody used to put down their car was garaged even when it wasn't as such the statistics for accidents for people who garaged cars increased and made it a higher risk, and because so few people actually put street as where it's kept at night the number of claims were lower than garage.
A good example of what happens when statistical systems are implemented without recourse to common sense or proper scrutiny.I.e. everybody used to put down their car was garaged even when it wasn't as such the statistics for accidents for people who garaged cars increased and made it a higher risk, and because so few people actually put street as where it's kept at night the number of claims were lower than garage.
HBFS said:
Not good enough!
I managed to get my current insurance at a decent price and I wish to continue to drive a quick car. I'm willing to pay the premium, so long as its not too excessive.
I've seen some ridiculous insurance prices for young people on here!
I wouldn't have a problem if I could even get the quotes down to £2k!
I think your and my view of excessive may be different.. I managed to get my current insurance at a decent price and I wish to continue to drive a quick car. I'm willing to pay the premium, so long as its not too excessive.
I've seen some ridiculous insurance prices for young people on here!
I wouldn't have a problem if I could even get the quotes down to £2k!
when I was 20 (36 now), a sx200 was 600quid fully comp, and the xr2 (a car of kings) was 400 the year before. I considered 400 to be excessive..
I'll be trying this soon. I want to downsize my car next year. I'm after something that can average 50mpg and be at least a couple of hundred cheaper to insure.
I've been playiong about on GoCompare and it turns out thata 2005 Renault megane 120DCI Dynamic is exactly the same price to insure as Saab, which is £700!!
I've been playiong about on GoCompare and it turns out thata 2005 Renault megane 120DCI Dynamic is exactly the same price to insure as Saab, which is £700!!
One that many people are unaware of is the importance of the amount of time you've owned the car. If you bought the car in question that year, it will be considerably (read: as much as 20%) more expensive for a young driver to insure than if you've owned it just one year. Cost goes down year on year.
Not something insurers check up on very often, and the question does ask when you bought the car, not when it was registered to you. Worth thinking about.
Not something insurers check up on very often, and the question does ask when you bought the car, not when it was registered to you. Worth thinking about.
McSam said:
One that many people are unaware of is the importance of the amount of time you've owned the car. If you bought the car in question that year, it will be considerably (read: as much as 20%) more expensive for a young driver to insure than if you've owned it just one year. Cost goes down year on year.
Not something insurers check up on very often, and the question does ask when you bought the car, not when it was registered to you. Worth thinking about.
This too, added £100 on when I changed it to the correct time of ownershipNot something insurers check up on very often, and the question does ask when you bought the car, not when it was registered to you. Worth thinking about.
Just come across something else that could keep premiums down, but first a little background info...
I took out my current policy about 5 months ago, when I had just started a new job so I was unsure of what my annual mileage would be.
I told the insurers 18k, despite historically doing up to 60K. But I did this with the knowledge that I could always add more miles to the policy in the future.
I sort of knew I would have to, but I was paying the premium in one go and I figured the insurance only expires once I've gone over the stated mileage. There was about £250 - £300 difference between 18k miles and 30-40k miles.
Fast forward to now, I've been thinking for the last couple of months that I need to put aside a few hundred quid so I can increase my insured mileage as I'm very close to 18k miles in 5 months!
I've just rung up now asking for a quote, and they only wanted £50 to add another 10k miles! So I went ahead with it.
Now I've just done another fresh quotation online with the same insurer and the difference between 20k and 30k miles is dead on £250!
Could be worth trying at renewal, I'll be doing it
I took out my current policy about 5 months ago, when I had just started a new job so I was unsure of what my annual mileage would be.
I told the insurers 18k, despite historically doing up to 60K. But I did this with the knowledge that I could always add more miles to the policy in the future.
I sort of knew I would have to, but I was paying the premium in one go and I figured the insurance only expires once I've gone over the stated mileage. There was about £250 - £300 difference between 18k miles and 30-40k miles.
Fast forward to now, I've been thinking for the last couple of months that I need to put aside a few hundred quid so I can increase my insured mileage as I'm very close to 18k miles in 5 months!
I've just rung up now asking for a quote, and they only wanted £50 to add another 10k miles! So I went ahead with it.
Now I've just done another fresh quotation online with the same insurer and the difference between 20k and 30k miles is dead on £250!
Could be worth trying at renewal, I'll be doing it
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