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Insurance tips/tricks?

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TREACLE
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2008/05/12 14:35:10 (permalink)

Insurance tips/tricks?

I passed my practical driving test today (first time, 2minors) and am trying to find cheap as chips insurance.

I've got an old Corsa, only worth £200 ish. Any tips/tricks for lowering my insurance quote, before i ring up.
post edited by Jake - 2008/05/12 14:40:00

Nothing contributes so much to tranquilizing the mind as a steady purpose - a point on which the soul may fix its intellectual eye.
#1

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    AJ85
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    RE: Insurance tips/tricks? 2008/05/12 14:41:09 (permalink)
    nothing out of the ordinary but:

    limit mileage to around 10k
    make sure the vehicle is standard not modified!
    add a parent as a NAMED driver
    get pass plus (made mine 150 cheaper)
    live in a decent low risk postcode and park on the drive or in a garage!
    don't take out the break down cover etc (get it independently if you'll need it)
    once you've got a couple of quotes, play the companies off against each other
    raise your excess and it reduces the premium

    post edited by AJ85 - 2008/05/12 14:42:19
    #2
    TREACLE
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    RE: Insurance tips/tricks? 2008/05/12 14:46:28 (permalink)
    Thanks mate! Shall i just go for 3rd Party Only cover? The cars only worth £200, no point having fully comp.

    Any insurers that you reccomend?

    Nothing contributes so much to tranquilizing the mind as a steady purpose - a point on which the soul may fix its intellectual eye.
    #3
    187
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    RE: Insurance tips/tricks? 2008/05/12 15:01:13 (permalink)
    me personally i would never have 3rd party fire and theft ever again.
    after having my massive crash i had to fight to get my money for 3.5 years... if i was fully comp i would have been in a much better situation.

    but, having said that it all depends on your financial situation and how much of a risk you believe yourself to be in, or are willing to take.

    same goes with the excess, its alright having a high excess to bring the premium down but if you have a crash your screwed AND your most likely to have a crash in the first 2 years of driving. (hence why premiums are so high for first time drivers).

    tips for reducing policy:
    bend the description of what you do for a living. Publishing etc have a high premium for some reason according to a mate that works at fc magazine.
    say it will be on a driveway at night.
    keep mileage down.
    higher excess (but more to pay if you have a crash - or any other claim)
    third party only (if its £200 why worry about theft?) - again risk of crash etc.
    keep the car standard.
    pick a car 1.2 or smaller.
    adult as a named driver (that has been driving a long time etc)
    pass plus test.

    not much else to be done really.
    #4
    beef_pumper
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    RE: Insurance tips/tricks? 2008/05/12 15:05:03 (permalink)
    Yeah, just get third party, if the car is only worth £200 then you will end up paying out more in excess should you have a crash.
    post edited by beef_pumper - 2008/05/12 15:06:05
    #5
    leerc
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    RE: Insurance tips/tricks? 2008/05/12 15:09:30 (permalink)
    ORIGINAL: Jake

    Thanks mate! Shall i just go for 3rd Party Only cover? The cars only worth £200, no point having fully comp.

    Any insurers that you reccomend?

    direct line were and still are he cheapest for me when i first passed.i paid just short of 1600 for my 1st year(cinquecento sporting) with them and others wanted over 2 grand so i saved a few quid
    post edited by leerc - 2008/05/12 15:10:25

    started at 68kg
    PB,s
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    deadlift: 5 reps 245kg 1RM 260kg @knee height
    squat: 200 kg 2 reps
    clean and press 100kg 2 rep 110 1RM
    weight:108kg bf 14%~
    #6
    TREACLE
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    RE: Insurance tips/tricks? 2008/05/12 15:14:22 (permalink)
    Im not payin over £500 for 3rd party only, on a **** car, **** that!

    Nothing contributes so much to tranquilizing the mind as a steady purpose - a point on which the soul may fix its intellectual eye.
    #7
    leerc
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    RE: Insurance tips/tricks? 2008/05/12 15:16:09 (permalink)

    ORIGINAL: Jake

    Im not payin over £500 for 3rd party only, on a **** car, **** that!

    how old are you

    started at 68kg
    PB,s
    bench: 170kg 3 reps cg 155kg single
    deadlift: 5 reps 245kg 1RM 260kg @knee height
    squat: 200 kg 2 reps
    clean and press 100kg 2 rep 110 1RM
    weight:108kg bf 14%~
    #8
    TREACLE
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    RE: Insurance tips/tricks? 2008/05/12 15:23:36 (permalink)
    21 in two weeks.

    Nothing contributes so much to tranquilizing the mind as a steady purpose - a point on which the soul may fix its intellectual eye.
    #9
    leerc
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    RE: Insurance tips/tricks? 2008/05/12 15:32:02 (permalink)

    ORIGINAL: Jake

    21 in two weeks.

    AIT 2 WEEKS THEN TIL YOU 21 IT WILL COME DOWN A FAIR BIT

    started at 68kg
    PB,s
    bench: 170kg 3 reps cg 155kg single
    deadlift: 5 reps 245kg 1RM 260kg @knee height
    squat: 200 kg 2 reps
    clean and press 100kg 2 rep 110 1RM
    weight:108kg bf 14%~
    #10
    LMC
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    RE: Insurance tips/tricks? 2008/05/12 16:04:18 (permalink)
    Having just renewed my car insurance last week, I spent a fair amount of time on-line inputting various permutations of occupation/named driver/type of insurance/length of ownership.

    After asking a similar question a couple of weeks ago about the cheapest occupation and being advised graphic designer and risk averse accountant were the best, after trying these 2 I found out my actual occupation was the cheapest (manager)

    There was very little difference between 3rd party and fully comp.

    Changing the occupation of the named driver (my wife) had no effect.

    Owning the car for several years was cheaper than owning the car for a very short period of time.

    I suggest you go to the Tesco Comparison site:
    http://tescocompare.com/default.htm and input your details. This will bring up quotes from very cheap to very expensive, and the ones offering very cheap quotes were quite surprising (Kwik-Fit and Auto Direct)

    Spend a bit of time trying out 3rd party vs fully comp, using your mum vs your dad as a named driver, changing your occupation (well, manipulating it rather than blatantly lying) and you'll be surprised by the variance in prices.
    #11
    OTTO
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    RE: Insurance tips/tricks? 2008/05/12 16:07:48 (permalink)
    try Quinn Direct, I think they are an irish based company. No harm in getting a quote.. I was paying around £140 / £150 a month with Tesco , my Excess was £400 and then went up to £550 when I crashed.

    I got a quote with Quinn and i'm now insured for around £300, it only costs me £30.71 a month.

    bloody bargain
    post edited by OTTO - 2008/05/12 16:09:14
    #12
    TREACLE
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    RE: Insurance tips/tricks? 2008/05/12 18:23:58 (permalink)
    Quinn is the cheapest so far, £790 for 3rd Party Fire and Theft.

    Nothing contributes so much to tranquilizing the mind as a steady purpose - a point on which the soul may fix its intellectual eye.
    #13
    freak_in_cage
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    RE: Insurance tips/tricks? 2008/05/12 19:09:09 (permalink)
    3rd party

    drive as low a mileage as you can

    confused.com

    high excess- if the cars not worth much and you crash it into a tree you may not even claim off the insurance- if you crash into a BMW or something then pay the £500 excess

    consider doing "pass plus" but check with insurance companies how much of a discount you intend to do

    DONT do a 10 month po0licy/accelerated bonus thing- often they are not transferrable between insurance companies

    ppl have been telling me "at x age it will drop down"- this effect is v small IMO, but i would def wait 2 weeks as it may drop a bit when your 21
    #14
    freak_in_cage
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    RE: Insurance tips/tricks? 2008/05/12 19:18:24 (permalink)

    ORIGINAL: onion

    tips for reducing policy:
    bend the description of what you do for a living. Publishing etc have a high premium for some reason according to a mate that works at fc magazine.
    say it will be on a driveway at night.



    i disagree with this- if it gets nicked and its NOT on a driveway- or your house doesn;t even have a driveway and you crash- if they find out your insurance will be completely invalidated! Not a big deal if someone nicks your £200 car, but if you crash into someone and there is no insurance company you could get sued etc etc

    insurance companies will be getting v fussy about this in the future IMO
    #15
    Ash The Man
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    RE: Insurance tips/tricks? 2008/05/12 19:40:13 (permalink)
    There's no tips on cheap insurance now buddy, all you have to do is drive steady and avoid the speed cameras, getting a SP30 will add a few quid to your policy nowdays.
    #16
    tubbyman
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    RE: Insurance tips/tricks? 2008/05/12 19:56:00 (permalink)
    say it will be on a driveway at night


    This will get you cheaper insurance but if you claim, chances are they will send a loss adjuster type person round so if you live in a block of flats that's the last you'll see of your claim.

    The more you can make them think you sit behind a desk all day (which I do) the less you'll pay.
    #17
    LMC
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    RE: Insurance tips/tricks? 2008/05/13 08:52:39 (permalink)

    ORIGINAL: Jake

    Quinn is the cheapest so far, £790 for 3rd Party Fire and Theft.


    Did you try the Tesco Compare link I posted up?
    #18
    Aaron Hallett
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    RE: Insurance tips/tricks? 2008/05/13 09:04:43 (permalink)
    my fiesta was £720 a year, my pug was £950 a year

    now 25 with 5 years NCB i'm still paying £57 a month

    portsmouth, one hellova sh*thole to live in

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    #19
    CoNs
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    RE: Insurance tips/tricks? 2008/05/13 09:09:01 (permalink)
    my girlfriend managed to go from £700 to £350 in quotes

    all third part fire and theft, done everything as AJ85

    work with one company to start with, raise your excess, limit your miles, take out the most basic cover, then add your parent.

    then ask for a written quote, then play all the companys against each other.

    She is with Elephant.com, she has just renewed with them, but the even knocked £50 off it because she said Admiral were doing it cheaper
    #20
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