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Car Insurance

Postby RagDoll » Fri Apr 24, 2009 12:02 pm

My car insurance needs to be renewed in early June, so I've just gone onto confused.com to see what kind of quotes I can expect and was shocked to find that the cheapest quote was for £403 when I paid £300 last year! I've had no claims and I'm obviously a year older, the only difference is I have moved to a rougher area. I can't believe the difference!

On top of that I need to put my car in for an MOT and tax it in July (plus, it could do with it's yearly service). Anyway, my question is, should I sell my car?! I live with boyfriend and we both have cars. He drives to work and I can walk to work at the moment, so as it stands I don't really need a car, I could just get insured on his.

My main concern is that I hate my job and am always on the look out for other opportunities and I don't want not having my own transport to greatly limit where I can apply to, or I'm even less likely to find an alternative job and I've had enough of being thoroughly miserable Mon-Fri!

Meh! :(
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Re: Car Insurance

Postby dipsydoodlenoodle » Fri Apr 24, 2009 12:10 pm

If you don't need a car then you could get rid of it. Have you thought about changing to "3rd party" insurance?

My other car (before a bus decided to write it off) was insurance, MOT and tax within a couple of weeks - I just used to put a bit of money away each month for it.

My current car is more spaced out thankfully - however insurance is due right at the beginning of January!

You can sometimes get cheaper quotes by making your excess higher. My insurance this year wasn't much cheaper than last year and I haven't moved or had any developments since last year - I think they aren't being so reasonably priced.

Do you pay for your insurance monthly or yearly? If it's yearly then switching to monthly might be an option.
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Re: Car Insurance

Postby rufio89 » Fri Apr 24, 2009 12:12 pm

It's horrendous isnt it, my boyfriend had an accident just before I met him, (so about 18 months ago), and his insurance for this year was £1000!!!! He's 28, he's been driving for 10 years and he has a ford mondeo!!
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Re: Car Insurance

Postby RagDoll » Fri Apr 24, 2009 12:16 pm

The problem is I don't need a car in the short-term, but I'm applying for jobs through-out the north east at the moment and if I limit myself to where I live I could be stuck here for years on end.

I don't really want to change to third party insurance because my car is only an 05 reg and worth a fair amount - I would do if it was an old banger lol.

It's been kind of impossible to put money away for it each month as a lot of my wages have gone towards improving our house :( Perhaps I should have been more sensible and budgeted a bit better, but it's a bit late for that now.

I used to pay it yearly when I lived with my parents, but I guess I could swap to monthly repayments, I think that's the only way I could afford to keep it. I just don't know what's best at the mo!
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Re: Car Insurance

Postby dipsydoodlenoodle » Fri Apr 24, 2009 12:21 pm

If you keep it at yearly then you can still save up yourself in a separate account and then you are still getting the few pence interest on it?

If you are struggling to pay it then I'd opt for monthly repayments.

Newer cars are generally cheaper to insure than older ones too. I found that when I switched to a newer car - same engine size and everything. As you know I'm looking into buying a house and when I'm working it out I've wrote down what I spend now, what I'd need to spend and figured what I could afford and how much I'd need to put away for my car and stuff...it may be worth now writing a list of what you need to spend i.e. Bills, then include how much you spend on pleasure and finally your car and also how much you'd like to save then from now on at least you could try and budget your car in.
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Re: Car Insurance

Postby funk33 » Fri Apr 24, 2009 12:25 pm

Could you insure the car back to your parents house? Or persuade one of your parents to be the main driver and just have you has a named driver. Could be cheaper.
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Re: Car Insurance

Postby dipsydoodlenoodle » Fri Apr 24, 2009 12:32 pm

funk33 wrote:Could you insure the car back to your parents house? Or persuade one of your parents to be the main driver and just have you has a named driver. Could be cheaper.


She could however if it got damaged at her house overnight then she wouldn't be insured. It would be ok for during the day but not overnight. I don't know if having a parent at a different address as a main driver would be allowed. It now costs me more to add my dad onto my car insurance - I used to have him on because it was cheaper - now it's more expensive (ok not much but still more expensive).

I don't think there are many options as the inurance company will be using the area rather than the people as the main cost factor.
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Re: Car Insurance

Postby crumpetsandtea » Fri Apr 24, 2009 12:36 pm

Confused.com is absolute rubbish! Try direct line, I've been with them 2 years now and they're a lot cheaper. They also offer multicar discount if you insure more than one car with them. The good thing with them is if you pay monthly they don't charge you an arm and a leg in interest. I only pay about 10% interest, whereas some charge as much as an expensive credit card. It actually worked out only £10 more than third party for me to go fully comp with them too.

Trying insuring one of your parents as a named driver on the car, I don't know how but sometimes if you insure someone older on your car as a named driver with experience and a good no-claims it brings the premiums down. This is actually legal (unlike doing it the other way round), even if they never drive the car.
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Re: Car Insurance

Postby funk33 » Fri Apr 24, 2009 12:40 pm

The over night thing isn't always a problem. I was living in a rented house and had my car smashed in to (and was still insured to my parents), I just told the insurance company that my parents house was my main house and that I only stayed in the rented house on an adhoc (spelling?) basis to see my girlfriend. Admittedly it isn't the most morally correct way of doing things but when times must!
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Re: Car Insurance

Postby dipsydoodlenoodle » Fri Apr 24, 2009 1:22 pm

funk33 wrote:The over night thing isn't always a problem. I was living in a rented house and had my car smashed in to (and was still insured to my parents), I just told the insurance company that my parents house was my main house and that I only stayed in the rented house on an adhoc (spelling?) basis to see my girlfriend. Admittedly it isn't the most morally correct way of doing things but when times must!


Oh if that works thats fine however one of the guys at work saw a crash and the insurancers were viewing it and they wouldn't pay out the full cost of the car because it had a modified steering wheel and they'd said there were no modifications. I assumed if they were fussy over that then a different address would be worse. It's worth looking in to thought :)
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Re: Car Insurance

Postby RagDoll » Fri Apr 24, 2009 1:33 pm

Thanks for the responses everyone.

I have considered lying about where I live as it would make it cheaper, however, I would be worried that I would somehow get caught out which would mean my insurance would be null and void. I'd rather do it all above-board if I can.

I have also tried putting my Dad on the insurance as a named driver (obviously he's had his licence for God knows how many years and has no convictions) but it didn't make any difference.

I haven't tried any other websites yet, I intend to when it gets a bit closer to the time (June), I just wanted to get an idea of how much it might cost me. I thought confused.com might be a good website to use as it's a price comparison one. I will try some others though.

My boyfriend has offered to pay half of my insurance for me (his Dad pays his for him, so he doesn't have such an expense to deal with) but I would feel bad agreeing to that!

Hmmm... decisions, decisions.
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Re: Car Insurance

Postby crumpetsandtea » Fri Apr 24, 2009 1:35 pm

I insure my car at my dad's address because he lives on a quiet road in the sort of area where you could literally leave your TV on the front lawn and no one would nick it, so the premiums are about 25% cheaper.
No one would nick my car anyway though! haha!

Do try directline, you can get a quote off their website. Me, my dad, my boyfriend, my mum and her partner all switched to them and found them a lot cheaper than any price we found on confused.com.
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Re: Car Insurance

Postby dipsydoodlenoodle » Fri Apr 24, 2009 2:38 pm

I've found confused.com do show me at least the cheapest options. I had an accident a couple of years ago - a bus drove into me and wrote my car off and because I've had a none fault accident with no pay out from my insurance company (the other company sorted it) I am un-insurable (by a few copmanies anyway)! What I used to do was get the quote off confused.com and then go on their individual sites and type it in - it used to be cheaper to do that but this time and the time before the prices have been the same.
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Re: Car Insurance

Postby bellajennie » Sat Apr 25, 2009 12:44 pm

I am an advocate of comparison websites, but as mentioned they do not include companies like direct line. If you use them for an example, you can get extra money off for buying online. You could do that first to get a quote, and if it is cheaper than the one on confused.com brilliant. If not, give them a ring, tell them you've been offered £??? (cheapest quote - £50) by whatever company is the least and they will usually give you a better deal. In this market everyone is trying to get their customers. Phoning a few and bargaining will considerably reduce your premiums, you might even get extras that you are paying for elsewhere such as free travel insurance.

Another idea may be to use one of these companies to get all your insurance from. If you have home insurance etc with another company, they may give you discount to insure everything with them.
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Re: Car Insurance

Postby dipsydoodlenoodle » Mon Apr 27, 2009 9:13 am

bellajennie wrote:not, give them a ring, tell them you've been offered £??? (cheapest quote - £50) by whatever company is the least and they will usually give you a better deal.


I did this with my old insurance company - I phoned them said I wouldn't be renewing because I'd been offered over £100 cheaper else where - want to know what they offered me?....ONE FREE night in a hotel for me and a guest (they didn't mention which chain of hotels but I assumed it was more Holiday Inn rather than the Hilton).
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