Second car insurance woes. Any bright ideas?
Discussion
Maybe I'm missing something obvious that the power of PH can help with...
My friend wants to give me her car, an Alfa 145 Cloverleaf yay!
It's a proper shed and needs some repairs, so real world value is probably not even £200.
As it would be my second car, I need to find a cheap way of insuring it, and this is where I'm struggling. My current car is insured with Flux, and I rang today but they cannot add another car to my policy, so it entails taking out a whole new policy for the Alfa. Because I can only apply my NCD to one policy, quotes for the Alfa are coming in at about £730 for TFT with 0 no claims. Admiral multicar is over a grand - for reference, my current car is only £430 fully comp.
It's not really worth me paying well over double the Alfa's value just so I can have it. But I really want it!
Does anyone have any good ideas, avenues I simply haven't thought of etc? Insurance in my OH's name is even higher for various reasons, so I can't register it as his and use that route. Plenty of people on here have more than one car, so any ideas would be appreciated!
My friend wants to give me her car, an Alfa 145 Cloverleaf yay!
It's a proper shed and needs some repairs, so real world value is probably not even £200.As it would be my second car, I need to find a cheap way of insuring it, and this is where I'm struggling. My current car is insured with Flux, and I rang today but they cannot add another car to my policy, so it entails taking out a whole new policy for the Alfa. Because I can only apply my NCD to one policy, quotes for the Alfa are coming in at about £730 for TFT with 0 no claims. Admiral multicar is over a grand - for reference, my current car is only £430 fully comp.
It's not really worth me paying well over double the Alfa's value just so I can have it. But I really want it!
Does anyone have any good ideas, avenues I simply haven't thought of etc? Insurance in my OH's name is even higher for various reasons, so I can't register it as his and use that route. Plenty of people on here have more than one car, so any ideas would be appreciated!
Sorn it and don't insure it? If you don't have much left to go on your other car insurance then just tinker and repair it until renewal and then you can look for an insurer that will take on the new business of your current car and hopefully mirror your no claims on the Alfa or at least give you a good deal.
Thanks for the input so far.
SORN'ing it is possible, but I've only just bought the other car so a year to go until renewal!
Looks like I'll have to ring around some tomorrow. Apart from Flux, anyone else good for this sort of thing?
Addymk2 said:
Just out of interest, this Alfa isn't on black speedlines is it? W821 reg plate?
Could you not keep it for weekends on a limited use policy?
Nope, not that one. Any recommendations for a limited use policy provider? I would only use it very occasionally but so far this hasn't made any difference to my quotes. Maybe I should try a specialist?Could you not keep it for weekends on a limited use policy?
The Crack Fox said:
How old are you ? A new bare-bones third party only policy with flux with high excess and no extras might be possible for £100 ish if you're lucky ?
33, with 5 years no claims but 3 points. Thanks, I'll give them a ring.SORN'ing it is possible, but I've only just bought the other car so a year to go until renewal!
Looks like I'll have to ring around some tomorrow. Apart from Flux, anyone else good for this sort of thing?
I recently went through this but there were no supercheap answers I could come up with.
My position was I had an MX5 as my only car, I was putting too many miles on it so I then added a 728i to takeup the day to day shlep mileage and keep the 5 for weekends. I had 5 years NCD on the 5 accumulated, and was getting on towards my 6th. So... you can't 'split' NCD but I removed all the 5 years from the MX5 and switched them to my 'new to me' Beemer - which got it insured for around 450. Then when my 5 renewal came round I mitigated the increase (as it was now down to 1 year NCD) by reducing the mileage on that policy to 5k and removed commuting.
Probably not much help but its how I did it.
My position was I had an MX5 as my only car, I was putting too many miles on it so I then added a 728i to takeup the day to day shlep mileage and keep the 5 for weekends. I had 5 years NCD on the 5 accumulated, and was getting on towards my 6th. So... you can't 'split' NCD but I removed all the 5 years from the MX5 and switched them to my 'new to me' Beemer - which got it insured for around 450. Then when my 5 renewal came round I mitigated the increase (as it was now down to 1 year NCD) by reducing the mileage on that policy to 5k and removed commuting.
Probably not much help but its how I did it.
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