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Cheaper car insurance when you turn 21 watch

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    I will be doing a student placement starting this July and I need a car to commute to work. But I turn 21 in August and so I was just wondering whether or not my car insurance price will go down when I turn 21 if I take it out when I'm 20?
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    Nah, not really. Mine did a little, but if you have no "no claims bonus" it won't be that cheap.
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    (Original post by slipend)
    Nah, not really. Mine did a little, but if you have no "no claims bonus" it won't be that cheap.
    I have 1 years no claims bonus. Would there be much advantage to changing insurance when I turn 21, would other companies maybe give me a better deal once I turn 21?
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    change it as often as you can....there will always be deals for new customers
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    Turning 21 didn't make a massive difference for me. Under the age of 25, all they really care about is NCB.
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    (Original post by biffyclyro27)
    I have 1 years no claims bonus. Would there be much advantage to changing insurance when I turn 21, would other companies maybe give me a better deal once I turn 21?
    well, if you terminate your insurance and change before the year is up you will lose your NCB that you would have building up during that year, and turning 21 wont make it go down that much, better to build up your NCB to get cheaper insurance
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    (Original post by fosters88)
    21yo starting a policy thus no NCB.... NO
    21yo obtaining 4th year NCB.... YES

    edit:
    jump ship every year to the cheapest company, it may involve jumping back to a previous Insurer a year later when they offer the cheapest. If there is no/very little difference in price still jump ship / go for the cheapest, do not fall into the 'loyality' bracket as thats what companies/brands count on.
    You will find if you stick with one company the renewal will either be increased by e.g. £30, static or lowered by e.g. £10 though these 3 points to be fair are more so the case once you have built up your NCB and have it protected.
    If you process a quote with that same company you tend to find its cheaper than the renewal they have sent out, so always jump ship!

    Mean when you get new drivers asking the typical question on this forum "whats the best and/or cheapest insurer", there is no such thing. One insurer may be good to person X but crap to person Y. You gotta shop around and you gotta jump ship each year.
    As you get older it does go down.

    Same car, for me with 0 NCB... £2k

    My dad putting him in as 0 NCB... £350
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    MIne went from £3800 to £1100
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    it does, but it tends to make a difference on bigger cars that are higher to insure more than anything

    from me turning 21:

    MG ZS 180 went down from £1800 to £890 best quote

    Modded Soarer - costs me £760, similar setup to my supra which cost me £3600 and at one point £4100 when I was 18

    MGF would have cost £1500 pre 21, cost me £680 after.

    all with no ncb. it does make a difference if you look around. most of those pre 21 prices were high because certain insurers wouldnt touch me on the cars until 21 so it was either go without or swallow the premium..

    like for like though, a ford puma 1.4 went from £990 to £680 or so
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    TBH the myths about massive insurance drops at 21, 25 etc are just that.

    Its NCB thats key.

    The problem theyve had is high insurance for newbie drivers means later on they buy a fast car and crash it in late 20s rather than late teens :lol:
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    best bet is to do some quotes on confused etc and check it out thinking about it..
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    I'm 21 and I pay about £350 on a 2006 1.6 Astra with no no claims bonus..
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    I own a £7000 car am 21, driving for 4 years, 2 years no claims, £1020 im paying
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    Well yes infact there is. My friend joined his first insurer for a 1.2 for only £1,200 at the age of 20. Now he will pay no more then 900 for his next payment, with 1yncb.

    So yes, 1 years claim bonus is a big bonus, thats if you have a smaller car.
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    (Original post by Cessie)
    I'm 21 and I pay about £350 on a 2006 1.6 Astra with no no claims bonus..
    I call B.S. My old mans been driving for 20 years with his max reaching 15 years no claims bonus and he still pays £250 for his 1.8 car.

    You mean £350 a month right?
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    (Original post by Mrvn)
    I call B.S. My old mans been driving for 20 years with his max reaching 15 years no claims bonus and he still pays £250 for his 1.8 car.

    You mean £350 a month right?
    (Original post by fosters88)
    that is cheap, that car would be worth approx £4800 and car value does add to the premium.


    What you have not confirmed is are you a Main or Named driver?
    Another factor would be how long have you held a full licence for it you are 21yo and aquired a full licence at 17yo, that may have impact.


    1) A car owner does not nessarily have to be the main driver... you can own a car and be a Named Driver and someone else can be the Main Driver if in reality the driving usage fits what you claim! If you fit this then it is quite possible that you do have a premium of £350.
    2) If in reality the driving usage makes you the Main Driver and you claim you are the Named Driver, this is called 'fronting' and is illegal. This would be another possibility that would reflect the premium of £350.
    3) Or perhaps you are simply paying the difference (£350) to be a Named Driver. It could be your policy (and the MD is paying their bit) or someone elses policy (and you are paying your bit as a ND)!


    The majority of 21year olds, with no NCB, owning a 1.6 car that has a value of approx £4800 on their own policy as the Main Driver would be paying a lot more than £350!

    edit:
    Suppose a 21yo on an older worthless banger can get cheap insurance, but then again the Insurer is more interest in what other cars are out on the road which have value that you can have a fault accident with!
    Lol, why would I lie? I pay £350 a year as main driver, I took the policy out recently and have no no claims bonus as I have previously been on my Mum's insurance as a named driver.

    It is with elephant.co.uk. This was a few hundred cheaper than the next best price on the comparison site I used. Admiral quoted me the same price as elephant (they are part of the same company).

    I am main driver, I have my Dad on as a named driver.

    And the car is worth more than £4500... more like £6000.
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    My car insurance plummeted when I turned 21, from £800 to £400. Was awesome! That was with 1yr NCB, but been driving since I was 17.

    Then when I turned 22, it went down to £300. This is on Seat Ibiza 1.4 and it is £330 on a Jaguar V8.
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    (Original post by fosters88)
    postal code
    Yup, thats the main factor. When I lied and said I lived elsewhere (richest private parts of London) I got a 400 discount
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    OK guys, I've been conducting tests for the past two hours just for you! (well I wanted to know too so here it goes
    The subject in question is a 19 year old male, living in the "red" zone (South East London) wanting to insure a 1.4 litre 1999 Golf.

    elephent.co.uk gave me the following results:

    1) If your car is worth £1,000, the price of insurance is around £200 more then it would have been if your car was worth £900.
    2) If you have held your "license" for 1 year and 1 month, the insurance is £500 more then it would have been if you owned it for under a year.
    3) If you have 1 years no claims bonus, the insurance is around £300 more cheaper.
    4) If you have held your license for 2 years, and have 2 years no claims bonus, then your insurance would be £1,000 cheaper.
    5) Claiming you live somewhere else (for example a friends house in a very good neighbourhood) the insurance fell £250 for me.
    6) Claiming that you've owned the car for longer will also help. For the golf that I purchased in 2010 the insurance was £3,190, if I purchased the car in (2009) the insurance would have been £2,820.
    7) Claiming "upto" 1000 miles a year will also reduce the cost of insurance.
    8) Claiming you have access to another car (for example your friend drives you to work) will reduce the insurance by upto £50.
    9) For some, strange... STRANGE reason, saying you have NO alarm, imobiliser or tracker could reduce your insurnace by upto £100. (please note, it could have been the car I was trying to insure. This may not apply to everyone.)
    10) Parking on the "Street" in a decent neigbourhood will reduct the insurance by upto £100 opposed to locking it away in a garage.

    PLEASE NOTE: This test was conducted on the terms of a 19 year old male, trying to insure a 1.4 litre 1999 golf S hatchback. By filling out my real information, I was quoted beyond £4,500 for third part only (1000 miles annually) Living in South East London.

    By skimping on some info, and claiming my car was £900 in value, that I've held my license for 1 year, living in a good neighbourhood and that I bought it in 2009 the insurance fell to £2,250. Then I I claimed I had 2 years no claims bonus + 2 years license and that I live in a good neighbourhood (postcode) the insurance fell to £1,050. So, my conclusion is as follows:

    - Yes, the longer you've held your license, the cheaper. (upto £1000 cheaper.)
    - Yes, owning a car under the value of £1,000 will be cheaper to insure.
    - Yes, living in a good neighbourhood will cheapen the premium even more.
    - Yes having owned the car from the year before uninsured (09) will cheapen the premium. (upto £500.)
    - Yes, parking the car on the street of a good neigbourhood will be cheaper then locking it away in a garage.
    - Yes, if a car has NO alarm or tracker, for some odd and strange reason the insurance is around £100 cheaper.
    - Yes, owning more then 1 years no claims bonus will cheapen the premium a hell of a lot more.
    - Yes, being a female makes a big... BIG difference (even though they cause all the accidents. )


    I hope that sums everything up. Now go enjoy lying on your application forms!!! (just kiddin' )
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    (Original post by Mrvn)
    OK guys, I've been conducting tests for the past hour just for you! (well I wanted to know too so here it goes) I was checking elephent.co.uk just like someone here mentioned and heres what I found:

    1) If your car is worth £1,000, the price of insurance is around £200 more then it would have been if your car was worth £900.
    2) If you have held your "license" for 1 year and 1 month, the insurnace is £500 more then it would have been if you owned it for under a year.
    3) If you have 1 years no claims bonus, the insurance is around £300 more cheaper.
    4) If you have held your license for 2 years, and have 2 years no claims bonus, then your insurance would be £1,000 cheaper.
    5) Claiming you live somewhere else (for example a friends house in a very good neighbourhood) the insurance fell £250 for me.
    6) Claiming that you've owned the car for longer will also help. For the golf that I purchased in 2010 the insurance was £3,190, if I purchased the car in (2009) the insurance would have been £2,820.
    7) Claiming you will do "upto" 1000 miles a year will also reduce the cost of insurnace, seen as they have no way or proveing how much you've done, its all good.

    PLEASE NOTE: This test was conducted on the terms of a 19 year old male, trying to insure a 1.4 litre 1999 golf S hatchback. By filling out my real infomation, I was quoted beyond £4,500 for third part only (1000 miles anually) Living in South East London.

    By skimping on some info, and claiming my car was £900 in value, that I've held my license for 1 year, living in a good neighbourhood and that I bought it in 2009 the insurance fell to £2,250. Then I I claimed I had 2 years no claims bonus + 2 years license and that I live in a good neighbourhood (postcode) the insurance fell to £1,050.

    I hope that sums everything up.
    Then do those sames tests with a differerent range of insurers and then see the results vary wildly!
 
 
 
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