Funny things which affect insurance
Discussion
Hey guys,
I'm 17, tryna get insurance, blah blah blah, high prices on crap cars, etc etc. Anyway, base price for me as a 17yr old living in North London (N3 Postcode, D* rated) on my own on a 1.2 Corsa C was £9,000. The Corsa C is the cheapest car I can get quoted for and am willing to actually own. Interesting discoveries on an Admiral single car policy quote;
Adding my two sisters as provisional license holders took £4,000 off my price.
Adding my mother with a 15+yr license took a further £500 off
Saying I was a charity worker instead of student took £500 off
Saying street parked instead of driveway'd took £100 off (Yes, you read that right, street parked is cheaper; presumably people have trouble parking in drives without spontaneously combusting?)
Going to Third Party took £300 off from a £1,000 excess Fully Comp. Fire & Theft costs £20 more than just 3rd party.
Going from a 12 month to a 10 month policy took £500 off
Going from 2000 to 3000 miles a year took £70 off. Going to 5000 miles was the same price as 3000.
Saying the car had a tracker as well as immobiliser (As opposed to just an immobiliser) ADDED £500
Any value more than £3,000 made the quote more expensive, chaning from £0-£3,000 made no difference (No of course I don't think a Corsa C is worth £3,000, I was just experimenting)
Going from a 2003 to a 2004 Corsa C of the exact same spec added £10, with no other changes. Going from a 2003 to a 2006 Corsa C of the same spec added £50.
Going from a 1.2 to a 1.4 added £500. A MKIV Fiesta 1.25 costs £600 more to insure.
Changing the age of my sisters from U21 to 30+ made no difference to the price, nor did any employment changes or time license had been held for.
Changing the "Best previous quote" made no difference, so I am assuming this is for advertising (We beat most quotes by x amount) rather than price matching.
Final quote was £2,931, which believe it or not is pretty good for me.
Thats about it, thoughts/comments? And maybe any tips on getting a better quote?
I'm 17, tryna get insurance, blah blah blah, high prices on crap cars, etc etc. Anyway, base price for me as a 17yr old living in North London (N3 Postcode, D* rated) on my own on a 1.2 Corsa C was £9,000. The Corsa C is the cheapest car I can get quoted for and am willing to actually own. Interesting discoveries on an Admiral single car policy quote;
Adding my two sisters as provisional license holders took £4,000 off my price.
Adding my mother with a 15+yr license took a further £500 off
Saying I was a charity worker instead of student took £500 off
Saying street parked instead of driveway'd took £100 off (Yes, you read that right, street parked is cheaper; presumably people have trouble parking in drives without spontaneously combusting?)
Going to Third Party took £300 off from a £1,000 excess Fully Comp. Fire & Theft costs £20 more than just 3rd party.
Going from a 12 month to a 10 month policy took £500 off
Going from 2000 to 3000 miles a year took £70 off. Going to 5000 miles was the same price as 3000.
Saying the car had a tracker as well as immobiliser (As opposed to just an immobiliser) ADDED £500
Any value more than £3,000 made the quote more expensive, chaning from £0-£3,000 made no difference (No of course I don't think a Corsa C is worth £3,000, I was just experimenting)
Going from a 2003 to a 2004 Corsa C of the exact same spec added £10, with no other changes. Going from a 2003 to a 2006 Corsa C of the same spec added £50.
Going from a 1.2 to a 1.4 added £500. A MKIV Fiesta 1.25 costs £600 more to insure.
Changing the age of my sisters from U21 to 30+ made no difference to the price, nor did any employment changes or time license had been held for.
Changing the "Best previous quote" made no difference, so I am assuming this is for advertising (We beat most quotes by x amount) rather than price matching.
Final quote was £2,931, which believe it or not is pretty good for me.
Thats about it, thoughts/comments? And maybe any tips on getting a better quote?
Edited by Gooly on Saturday 28th January 22:11
iva cosworth said:
Gooly said:
Saying I was a charity worker instead of student took £500 off
Well lieing is never a good idea.HTH
mrmr96 said:
Seems like you've been pretty thorough with what you've tried out. What's the lowest you've got it to so far?
Also, try:
i) specialist brokers, not just meerkat crew.
ii) Try "odd ball" cars which don't have a "young person" image.
iii) Try pass plus and/or IAM.
Best of luck.
I have tried specialists, yet to find one that is cheaper or will even quote me unfortunatly. This has been *by far* my cheapest quote. Majority of people have told me Admiral group is cheapest for young drivers.Also, try:
i) specialist brokers, not just meerkat crew.
ii) Try "odd ball" cars which don't have a "young person" image.
iii) Try pass plus and/or IAM.
Best of luck.
Odd ball cars, I've tried alot, a generic eurobox like a Corsa C was my last choice on my list, but it has worked out to be cheapest.
I have Pass Plus as well, I should see how much more expensive my quote would be without it.
mrmr96 said:
I think he was just trying stuff out. It goes without saying that you MUST NOT lie on the insurance application, and I'm sure the OP is well aware of that.
I agree with trying oddball cars. When I first passed, it was £2,000 cheaper to insure myself on a 92' xj than a 1.2 Corsa
Not sure what the situation is now though, was 3 years ago.
gtidriver said:
Im sure i read on here that vans are cheaper to insure. Try an astravan or corsavan makes a bit of sense in that you'll only ever carry one passenger.
To be honest, it's the four seats that are part of my motivation for getting a car right now in the first place, so a van wouldn't cut it for me. If I was looking at 2-seaters I could probably get some nice quotes on classic roadsters and the like, but four seats is pretty much a necessity.Plus I won't be doing many long journeys so an oil burner wouldn't really appeal to me.
inman999 said:
You can send yourself insane playing around with the online quotes, I've always assumed the idiosyncrasies were due to whatever algorithm the insurance companies use. My brothers insurance is similar for his 300 quid vectra as it is for his Noble.
Part of it is based on risk potential but part is based on past history of that particular car as well. I'm guessing a higher percentage of Vectras have been wrecked compared to Nobles since the Noble would more likely be driven by enthusiasts who take a bit more care in driving. Which is also why you get stories of young drivers getting insured on quite nice cars for cheaper than Corsas or Feistas and the like; typical student spec euroboxes will be crashed more because of their popularity. Just a shame the same didn't apply to me. If I could find a decent classic car policy that would insure me then I would love an E30 2dr (They count as classics now), or a MKIII Capri, or something like that, but I had no luck.Good on you for trying these out, there seems to be loads of tricks for lowering insurance. The ones that were best for me (that didn't involve me lying about my situation) were:
Adding family members & OH as named drivers knocked around £400 off
Having access to other vehicles around £100 off
And the biggest surprise was when I was ready to pay for the policy and the guy asked, "on the off chance are you living with your partner who is also a named driver?" further £250 off
Adding family members & OH as named drivers knocked around £400 off
Having access to other vehicles around £100 off
And the biggest surprise was when I was ready to pay for the policy and the guy asked, "on the off chance are you living with your partner who is also a named driver?" further £250 off
Gooly said:
Adding my two sisters as provisional license holders took £4,000 off my price.
Adding my mother with a 15+yr license took a further £500 off
Changing the age of my sisters from U21 to 30+ made no difference to the price, nor did any employment changes or time license had been held for.
any tips on getting a better quote?
You could try learning how to spell LICENCE. They might give a discount for that!Adding my mother with a 15+yr license took a further £500 off
Changing the age of my sisters from U21 to 30+ made no difference to the price, nor did any employment changes or time license had been held for.
any tips on getting a better quote?
Edited by Gooly on Saturday 28th January 22:11
In my youth (few years ago), I found that the big name insurers couldn't give me good quotes. All the ones you see advertised on TV would either quote me stupid amounts or not quote me at all. Try ones that tend to cater to younger drivers. I'm from east london, and had significantly cheaper quotes from the likes of Quinn Direct and Adrian Flux. with the latter me using for afew years.
From an insurance discount point, Pass Plus is a total waste of time.
Very few companies give a discount and those that do it is usually around 5%
Do pass Plus for the added knowledge and guidance of how to deal with situations you might not have encountered in your 'L' test training, for this it can be very useful, though some instructors are FAR better than others at this.
But as an insurance saver it is dead in the water.
Very few companies give a discount and those that do it is usually around 5%
Do pass Plus for the added knowledge and guidance of how to deal with situations you might not have encountered in your 'L' test training, for this it can be very useful, though some instructors are FAR better than others at this.
But as an insurance saver it is dead in the water.
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