Quick insurance question
Discussion
Probably a stupid question but never seems safe to assume anything when insurance companies are concerned!
I've noticed that when getting insurance quotes, if you ask the cover to start a month away, instead of the next day for example, the quote becomes quite a lot cheaper. When filling in the form, I always put the same details i.e. how long I have held a licence for, NCB etc. My question is, when answering these questions do you answer them from the perspective of when the cover starts. For example, if I'd had my licence 8 months today, but when the cover starts I'll have held it for 10 months, do I put 10 months or 8 months in the form? If you always answer based on the day you are booking the cover rather than the day the cover starts, I guess that would explain why it's cheaper to book in advance as if you answer 8 months licence on the form, you'll have had your licence for 10 months when the cover starts, and therefore be a lower risk.
Or am I totally wrong, and you should answer based on how long you'll have held your licence when the cover starts?
Thanks
(Just read that back and I haven't really explained it very well, sorry!)
I've noticed that when getting insurance quotes, if you ask the cover to start a month away, instead of the next day for example, the quote becomes quite a lot cheaper. When filling in the form, I always put the same details i.e. how long I have held a licence for, NCB etc. My question is, when answering these questions do you answer them from the perspective of when the cover starts. For example, if I'd had my licence 8 months today, but when the cover starts I'll have held it for 10 months, do I put 10 months or 8 months in the form? If you always answer based on the day you are booking the cover rather than the day the cover starts, I guess that would explain why it's cheaper to book in advance as if you answer 8 months licence on the form, you'll have had your licence for 10 months when the cover starts, and therefore be a lower risk.
Or am I totally wrong, and you should answer based on how long you'll have held your licence when the cover starts?
Thanks
(Just read that back and I haven't really explained it very well, sorry!)
Well the only thing I'm thinking is that because I've held my licence for a very long time I wouldn't worry about putting down 8 or 10 months on a form. I'd just choose 9-years+ or whatever the form allows me to choose for maximum.
I take it that logic does not work for you?
In which case I don't see why you shouldn't try to make the insurance cheaper for yourself by stretching every figure to its sensible limit.
The big NO NO is telling outright porky-pies. You have to judge it on the basis that you might have an accident and that somebody might want to verify your details. So to address your question specifically. If you were involved in an accident 1 day after setting up your new policy then it would be a good idea to have declared actual time holding licence to within 1 month of actual time holding license.
I take it that logic does not work for you?
In which case I don't see why you shouldn't try to make the insurance cheaper for yourself by stretching every figure to its sensible limit.
The big NO NO is telling outright porky-pies. You have to judge it on the basis that you might have an accident and that somebody might want to verify your details. So to address your question specifically. If you were involved in an accident 1 day after setting up your new policy then it would be a good idea to have declared actual time holding licence to within 1 month of actual time holding license.
ejenner said:
Well the only thing I'm thinking is that because I've held my licence for a very long time I wouldn't worry about putting down 8 or 10 months on a form. I'd just choose 9-years+ or whatever the form allows me to choose for maximum.
I take it that logic does not work for you?
In which case I don't see why you shouldn't try to make the insurance cheaper for yourself by stretching every figure to its sensible limit.
The big NO NO is telling outright porky-pies. You have to judge it on the basis that you might have an accident and that somebody might want to verify your details. So to address your question specifically. If you were involved in an accident 1 day after setting up your new policy then it would be a good idea to have declared actual time holding licence to within 1 month of actual time holding license.
For most people I agree that it makes very little difference, but as a new driver, even a couple of months can knock several hundred off my premium. Totally agree with you about lying to them, which is kind of why I'm asking this question. Having seen the consequences of people lying on insurance forms, there's no way in a million years I'll be doing that!I take it that logic does not work for you?
In which case I don't see why you shouldn't try to make the insurance cheaper for yourself by stretching every figure to its sensible limit.
The big NO NO is telling outright porky-pies. You have to judge it on the basis that you might have an accident and that somebody might want to verify your details. So to address your question specifically. If you were involved in an accident 1 day after setting up your new policy then it would be a good idea to have declared actual time holding licence to within 1 month of actual time holding license.
abbotsmike said:
The details need to be correct at the time the cover starts. They don't care when you get the quote, just as long as you give them accurate details for the start of the cover.
Brilliant, that's what I was hoping to hear. Will definitely be applying for insurance in advance then.Gassing Station | General Gassing | Top of Page | What's New | My Stuff