insurance costs - what the hell is going on !!
Discussion
ZOLLAR said:
Have you tried to see what "Consultant" would be rather than "company director"?.
If you have qualifications, put the basic job, not the LEVEL. I'm the MD and a Consultant, but my core JOB is Manufacturing Engineer, so I always put Chartered Engineer, as you find Engineers are very boring and sensible.
New POD said:
If you have qualifications, put the basic job, not the LEVEL. I'm the MD and a Consultant, but my core JOB is
Manufacturing Engineer, so I always put Chartered Engineer, as you find Engineers are very boring and sensible.
I get the point about the job title but I can't help but suspect they could use this against you when making a claim. I could think of dozens of labels that I could apply based on the services I perform, but strictly speaking my employment is as Director of my company. I know, I know - the shame of only holding one company directorship.Manufacturing Engineer, so I always put Chartered Engineer, as you find Engineers are very boring and sensible.
theboss said:
mrmr96 said:
Can I add HRH Queen Elizabeth II as a named driver do you think?
If she has a driving license and you know all the relevant details then you can certainly have a go 
She may have relinquished the HGV (she is 86!!) but she certainly still drives cars. Can be seen on the roads around Balmoral when she's there in a Land Rover Defender.
But insurers do not like celebrities so I don't think adding her on to your policy will do you any favours.
ZOLLAR said:
Have you tried to see what "Consultant" would be rather than "company director"?.
Knocked about £70 off the £850 or so quotes I was getting with the OP's car and age, but my address. Travelling salesman produced the same as company director.I've always thought the "company director" job title is very random for insurance puposes as it's so meaningless.
U T said:
The Queen used to hold a full HGV licence as well as a car licence. She drove lorries and military vehicles durting the last war, in the Land Army I think.
She may have relinquished the HGV (she is 86!!) but she certainly still drives cars. Can be seen on the roads around Balmoral when she's there in a Land Rover Defender.
But insurers do not like celebrities so I don't think adding her on to your policy will do you any favours.
She is often spotted driving her Range Rover around the grounds of Windsor Castle tooShe may have relinquished the HGV (she is 86!!) but she certainly still drives cars. Can be seen on the roads around Balmoral when she's there in a Land Rover Defender.
But insurers do not like celebrities so I don't think adding her on to your policy will do you any favours.
Deva Link said:
Cheapest is Broker King (never heard of them) at £660 (£400 total x/s). Chaucer Direct at £702 (£300 x/s).
Cheapest recognisable name is Admiral at £835 (£150 x/s).
Clearly you need to get a bit older. What happens if you put 1957 as your date of birth?
I think broker king has some association to Quinn insurance. My insurance docs from them look like photocopies of a fake...Cheapest recognisable name is Admiral at £835 (£150 x/s).
Clearly you need to get a bit older.
What happens if you put 1957 as your date of birth?Edited by Deva Link on Monday 28th November 17:01
16v stretch said:
I think broker king has some association to Quinn insurance. My insurance docs from them look like photocopies of a fake...
I'd be a bit cautious of Quinn. Massive financial issues and I remember when the Independent went under, we had instances where our customers (I worked for an insurance broker at the time) had damaged vehicles awaiting repair for some time. Luckily for me I left that company 2 weeks after Indy went under but I do know it was a nightmare for those insured by them. May be different now however.Are you in the UK or Ireland?
daivdkoulakis said:
erm ... how do they know what mileage YOU drive ?
even if they checked MOT's how could they prove YOU drove all those miles in the car
Who else is insured to drive the car for a large number of miles? If there's no other policies on the car then it can only be by "Driving other cars" cover, which isn't intended for huge miles.even if they checked MOT's how could they prove YOU drove all those miles in the car
A lot of the theories on this thread are nonsense, namely the table of insurance postcodes and the idea that the cost of parts of a car influences premium.
I think the main factor here is the mileage, followed by the car being a 7-series (not the cost of parts,but the individual model may have a statistically bad record, without trying to make broad-brush inferences about the type of people who drive a 7-series).
Try Aviva - I recently insured the Ferrari with them and was surprised by how cheap the price was (£310) - in fact it was cheaper than the cost for our "daily" worthless Mazda. I liked them because they didn't ask what your occupation was (they just had a list of stuff you weren't allowed to do, such as taxi or delivery driver), they also didn't ask about alarms or modifications to the car - in fact an altogether refreshingly simple quote process.
I think the main factor here is the mileage, followed by the car being a 7-series (not the cost of parts,but the individual model may have a statistically bad record, without trying to make broad-brush inferences about the type of people who drive a 7-series).
Try Aviva - I recently insured the Ferrari with them and was surprised by how cheap the price was (£310) - in fact it was cheaper than the cost for our "daily" worthless Mazda. I liked them because they didn't ask what your occupation was (they just had a list of stuff you weren't allowed to do, such as taxi or delivery driver), they also didn't ask about alarms or modifications to the car - in fact an altogether refreshingly simple quote process.
GreigM said:
A lot of the theories on this thread are nonsense, namely the table of insurance postcodes...
I think they granulate down a lot more than that table shows.But I did a comparison for someone on one of the Mercedes forums using all my details except I used his Leeds LS1 xxx postcode and the quotes more than tripled.
Re Aviva - I found going through RAC (who until recently were owned by Aviva) produced lower quotes than Aviva direct, but still dearer than I could get elsewhere.
Update - I renewed with Direct Line for the time being at £852.
Interestingly they class the 3 points as 'pending' and do not change the premium until my license is endorsed - at which point the premium is going to increase by £300 (I asked them to check).
This isn't entirely inconsistent with other insurers who have recently been quoting £200-250 extra.
This will be the only conviction I've ever had (no other points on license, ever) and it doesn't seem very reasonable to me... I've spoken to a few others in the office who have picked up 3 points in the past and state that it hardly made a difference to their insurance costs.
I'll have to cross that bridge when I get to it - I expect I'll be cancelling the policy and going elsewhere. The absolute cheapest I've been able to get quoted so far with the 3 points declared is about £950.
Interestingly they class the 3 points as 'pending' and do not change the premium until my license is endorsed - at which point the premium is going to increase by £300 (I asked them to check).
This isn't entirely inconsistent with other insurers who have recently been quoting £200-250 extra.
This will be the only conviction I've ever had (no other points on license, ever) and it doesn't seem very reasonable to me... I've spoken to a few others in the office who have picked up 3 points in the past and state that it hardly made a difference to their insurance costs.
I'll have to cross that bridge when I get to it - I expect I'll be cancelling the policy and going elsewhere. The absolute cheapest I've been able to get quoted so far with the 3 points declared is about £950.
theboss said:
This will be the only conviction I've ever had (no other points on license, ever) and it doesn't seem very reasonable to me... I've spoken to a few others in the office who have picked up 3 points in the past and state that it hardly made a difference to their insurance costs.
Might depend on the policy - LV's old policy didn't even require you tell them about speeding points, they were only interested if a single offence resulted in a ban. There was no mileage limit, foreign cover and courtesy car was included etc etc.One year I did a requote as a new customer and the price was quite a lot cheaper. When I queried they pointed out that new quotes are done on the new policy and the rating criteria are much tighter. Not at all obvious until I asked.
You have to watch these things - I switched house insurers recently and buried in the new policy it says all windows have to be locked shut when the house is empty - a right pain as we're an "open window" household. The old one never said that.
The woman on the policy discount really boils my p**s.
A few years ago I was insuring my car and it was cheaper by £100 on a £400 policy to have my wife on.
At the time she had 9 points qualifying for Insurance declaration (6 points for top up) and a car write off 2 years previous. I had 12 years no claims, no convictions no accidents.
She would never ever ever drive the car in question as she is an appaling driver.
A few years ago I was insuring my car and it was cheaper by £100 on a £400 policy to have my wife on.
At the time she had 9 points qualifying for Insurance declaration (6 points for top up) and a car write off 2 years previous. I had 12 years no claims, no convictions no accidents.
She would never ever ever drive the car in question as she is an appaling driver.
sparkyhx said:
The woman on the policy discount really boils my p**s.
A few years ago I was insuring my car and it was cheaper by £100 on a £400 policy to have my wife on.
At the time she had 9 points qualifying for Insurance declaration (6 points for top up) and a car write off 2 years previous. I had 12 years no claims, no convictions no accidents.
She would never ever ever drive the car in question as she is an appaling driver.
My wife isn't quite that bad but, similarly, she has had several minor accidents in the past (including driving into the back of someone) and would happily tell you herself that she's a worse driver than I am. In my case adding her has made a real £200 difference to the premium, despite the fact that she will almost certainly not drive the car. It's a load of crap isn't it, but I guess all you can do is play them at their own game. Interestingly though, when I did tried to add my mother to the policy in the past (she's 53 and has a clean driving license) they wanted quite a lot of money to do so.A few years ago I was insuring my car and it was cheaper by £100 on a £400 policy to have my wife on.
At the time she had 9 points qualifying for Insurance declaration (6 points for top up) and a car write off 2 years previous. I had 12 years no claims, no convictions no accidents.
She would never ever ever drive the car in question as she is an appaling driver.
blindswelledrat said:
Theboss: That quote doesn't sound too bad to me, but one thing I thoroughly recommend is getting a quote from money supermarket or go-compare.
Having high value premiums that keep getting put up ludicrously I tend to find that I save between 30-40% by doing this each year.
I did do a Moneysupermarket quote as well as compare.com and there was a wide range of prices, the only one to quote marginally less than DL was Tesco, however some were right up around the £1700 mark.Having high value premiums that keep getting put up ludicrously I tend to find that I save between 30-40% by doing this each year.
I also checked with the broker who saved me 30% on my wife's last insurance policy (thepolicyshop.co.uk) but they were coming out at about £1200 for me.
I've generally found DL to be very competetive and have used them for a number of years - I think the prices I'm facing are a reflection of general industry trends - it just seems perverse that having reached a 'responsible' age with no history of claims/accidents I'm being forced to fork out more and more.
As far as I can tell its gone like this:
2 years ago - £550 (approx) - 530d and 30k/annum - the pinnacle of cheap insurance for me it seems
1 year ago - £730 - much newer 330i and 18k/annum - premiums were widely known to be rocketing last year and I was conscious this was a big increase
now - £850 - older 730d and 24k/annum. To rise to ~£1150 on receipt of 3 points which are pending.
Will it ever end?!
Edited by theboss on Wednesday 30th November 12:48
blindswelledrat said:
Theboss: That quote doesn't sound too bad to me, but one thing I thoroughly recommend is getting a quote from money supermarket or go-compare.
Having high value premiums that keep getting put up ludicrously I tend to find that I save between 30-40% by doing this each year.
I would also suggest using the comparison sites to find who is the cheapest for your "profile", but then go to their site direct and re-enter all the details - you may find it comes down even more as the questions asked are more specific to their own "system" rather than than the set used by the comparison sites - I got my price down 25% from the comparison site value by doing this.Having high value premiums that keep getting put up ludicrously I tend to find that I save between 30-40% by doing this each year.
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