Short Term Car Insurance - Under 21?

Short Term Car Insurance - Under 21?

Author
Discussion

Conor D

Original Poster:

2,124 posts

174 months

Friday 14th January 2011
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I've found a car on eBay that is cheap, cheap enough that I could probably take a bit of a risk with it. If I go for it, I'll have to get it home somehow and by home I mean Northern Ireland. I'm based in Liverpool at the minute, but I have nowhere to park a car here and parking in the city is about £6 a day+.

The Insurance is the big issue, there is Temporary Car Insurance (Day Insurance) but you need to be over 21. I could get my brother to drive it home, although I don't think he would be too interested in it. Under 21 I can get Temporary Monthly Insurance (Which I think is similar to the Temp Day cover) but for a month it was something like £900.

The other option I can think of is taking out a full 12 Month Insurance Policy, paying monthly, get the car home and then cancel the Insurance. This waya I would be doing the driving.. Are there any issues with doing this? Obviously if I have an off and have to claim I'll be required to pay the full amount. Is it wise to consider it, or should I just go with a different option?

Diabolik

1,222 posts

160 months

Friday 14th January 2011
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Looking at buying a car this weekend and would also like to know.

Paul Drawmer

4,865 posts

266 months

Friday 14th January 2011
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Conor D said:
...The other option I can think of is taking out a full 12 Month Insurance Policy, paying monthly, get the car home and then cancel the Insurance. This waya I would be doing the driving.. Are there any issues with doing this? Obviously if I have an off and have to claim I'll be required to pay the full amount. Is it wise to consider it, or should I just go with a different option?
Check the company's cancellation penalties. If your original contract was for a year, they may insist on a cancellation fee.

brillomaster

1,242 posts

169 months

Friday 14th January 2011
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£900 a month?!? what on earth are you looking at!

presuming you're doing the trip in one day, have you got a mate over 21 you can pay for the day? someone would do it for £10 an hour - but if it saves you £800 in insurance, it makes sense!

Matto20vt

84 posts

191 months

Friday 14th January 2011
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Take out an annual policy and cancel it within 14 days, check the terms and conditions to see what the cancellation period is, it's 14 days on mine.