Hey there! Sign in to join this conversationNew here? Join for free
x Turn on thread page Beta

Insurance - Stop being lazy and you wont get ripped off. watch

    • Thread Starter
    Offline

    16
    ReputationRep:
    I've got a new car arriving in a couple of weeks so I've been doing the usual insurance hunting.

    First of all I did the usual hunting around the comparison sites.
    Prices were between £7,000 and £946. No wonder people whinge about insurance being to high.

    I tried another comparison site and that came up with a best result of £3200 down to £462.

    Getting there, but still too much.
    That's where most people seem to stop for some strange reason.

    Then I went round the usual specialist dealers and did what alot of people seem afraid to do - I picked up the telephone!

    As a result, my new car will cost £147.32 or £32 down and £11 a month. That's fully comp with an agreed value of 10k on the car, 5k miles a year (I've got 2 cars so that gives me 10k to play with between them) and an excess of £350.


    So what's the point of this thread? Broadly, I'm bored of reading about how expensive insurance is. Fact is it isn't if you can be bothered to ring around. Pick up the phone and talk to a human being! Whist the average person on here isn't going to get anything close to what I've found because of the type of policy, there is no reason why anyone should be paying over a grand on a hatchback. Heck, a new 911 is only £1200 for me on the comparison websites!
    Offline

    0
    ReputationRep:
    (Original post by JC.)
    I've got a new car arriving in a couple of weeks so I've been doing the usual insurance hunting.

    First of all I did the usual hunting around the comparison sites.
    Prices were between £7,000 and £946. No wonder people whinge about insurance being to high.

    I tried another comparison site and that came up with a best result of £3200 down to £462.

    Getting there, but still too much.
    That's where most people seem to stop for some strange reason.

    Then I went round the usual specialist dealers and did what alot of people seem afraid to do - I picked up the telephone!

    As a result, my new car will cost £147.32 or £32 down and £11 a month. That's fully comp with an agreed value of 10k on the car, 5k miles a year (I've got 2 cars so that gives me 10k to play with between them) and an excess of £350.


    So what's the point of this thread? Broadly, I'm bored of reading about how expensive insurance is. Fact is it isn't if you can be bothered to ring around. Pick up the phone and talk to a human being! Whist the average person on here isn't going to get anything close to what I've found because of the type of policy, there is no reason why anyone should be paying over a grand on a hatchback. Heck, a new 911 is only £1200 for me on the comparison websites!
    how old are you?
    Offline

    0
    ReputationRep:
    Yeah, how old are you, occupation and gender, otherwise you are wasting your time preaching to the uninsurable?
    Offline

    14
    ReputationRep:
    are you 17 years old?
    did you only just recently pass your test - and therefore have no ncb?
    do you live in a high-risk area?

    because i'm thinking for you, the answer to all three of these questions is no.
    most of the threads i read to do with prohibitively-priced insurance are posted by people who fulfil these three criterion - and don't forget, that when you were 17 years old some 8 years ago, insurance didn't cost anywhere near as much as it does today.

    good job with making a thread that's both a waste of time/space, and unhelpful, grandpa.
    Offline

    18
    While the situation JC has might not be the same as the people who make threads complaining about quoted premiums here, his point is valid all the same. Everyone says 'oh yeah I checked confused.com and comparethemarket.com and the best quote was £5000!!!!111' when in fact you'll probably find 50 companies on the list have been unable to give you a quote, but if you phone them up you'll find they probably will and ti will be cheaper than you expect. Don't rely on the internet to get you the best prices because it won't work. Insurance companies know younger people are getting lazy and are afraid to use the phone, and so exploit that by bumping premiums up a wee bit (and they need to cover the cost of being listed on comparison websites too).

    So don't write the thread off because JC has been driving for a fair few years. The point is still the same. Yes, it's expensive, and it doesn't help so many people are driving uninsured/having their insurance illegally fronted by parents. But if you phone around and bite the bullet you'll find it so much easier when you get that first years legitimate no claims bonus.
    Offline

    1
    ReputationRep:
    (Original post by JC.)
    I've got a new car arriving in a couple of weeks so I've been doing the usual insurance hunting.

    First of all I did the usual hunting around the comparison sites.
    Prices were between £7,000 and £946. No wonder people whinge about insurance being to high.

    I tried another comparison site and that came up with a best result of £3200 down to £462.

    Getting there, but still too much.
    That's where most people seem to stop for some strange reason.

    Then I went round the usual specialist dealers and did what alot of people seem afraid to do - I picked up the telephone!

    As a result, my new car will cost £147.32 or £32 down and £11 a month. That's fully comp with an agreed value of 10k on the car, 5k miles a year (I've got 2 cars so that gives me 10k to play with between them) and an excess of £350.


    So what's the point of this thread? Broadly, I'm bored of reading about how expensive insurance is. Fact is it isn't if you can be bothered to ring around. Pick up the phone and talk to a human being! Whist the average person on here isn't going to get anything close to what I've found because of the type of policy, there is no reason why anyone should be paying over a grand on a hatchback. Heck, a new 911 is only £1200 for me on the comparison websites!
    You don't buy "new cars" though, you buy cars from the stone age which come under classical insurance. Also are you not like in your mid 20's? Pointless thread.
    • Thread Starter
    Offline

    16
    ReputationRep:
    (Original post by Potential Trigger)
    You don't buy "new cars" though, you buy cars from the stone age which come under classical insurance. Also are you not like in your mid 20's? Pointless thread.

    The most i've ever paid for car insurance is £946.
    I've owned plenty of modern cars a few of them in so called high insurance groups, not least of them being a Jaguar XJ6, BMW 318Ci and a BMW MINI cooper S.
    I've probably had more cars than most people will own in a lifetime.
    Offline

    18
    ReputationRep:
    while learning (17years old, 0 NCB)i was paying £260 TPO
    now im paying £215 (18 years old, 1 NCB) with a bigger engine
    :smug:
    Offline

    1
    ReputationRep:
    I agree with you about how if you spend time looking you really can get a good deal instead of settling for something that is really expensive.

    For example im getting a new car in a few months and the cheapest fully comp insurance is £620 and im 18 years old, that it a fantastic price in my opinion. The most expensive was £12k and the majority of prices in between were at least £1.2k - £4k so yes if you shop around you will get a good deal.

    But the way you are boasting about how you have owned more cars than most people will in a lifetime only says one thing = Prick!!
    Offline

    0
    ReputationRep:
    (Original post by Boristhethird)
    while learning (17years old, 0 NCB)i was paying £260 TPO
    now im paying £215 (18 years old, 1 NCB) with a bigger engine
    :smug:
    Where do you live?

    Did you ring up?

    What insurance provider?

    BTW can you tell me some insurance companies specifically for young drivers?
    Offline

    0
    ReputationRep:
    (Original post by Potential Trigger)
    You don't buy "new cars" though, you buy cars from the stone age which come under classical insurance. Also are you not like in your mid 20's? Pointless thread.
    When I was looking for a cheap car to insure, aged 18, I got a quote of £1300 for a 1987 bmw 535i. That's a 140 mph car! (when new, admittedly)

    Likewise I've had pretty cheap offers for 2.3 turbo saabs and old volkswagens- The lesson is don't just buy a 1.1 saxo just because of the tiny engines. Try getting quotes for a car that doesn't get crashed very often; I imagine 90s rovers are also pretty cheap.

    Finally, minimum quotes can quadruple then crash again over the course of a week - I've had quotes of £1k one week then £6k next week then £1.5k the next- I'm guessing it's because competition undercutting algorithms driving the price right down then getting periodically reset to astronomical prices.
    Offline

    1
    ReputationRep:
    Irrespective of age of person and type of car, the basic principle still stands - the comparison sites suck.

    Using the comparison sites, the conventional insurers wanted over £5k to insure me on my Range Rover when I was 17. Suffice to say that after phoning round the specialists in the back of various Land Rover magazines, I didn't pay anything like that.

    If you're feeling lazy, then the easiest way of getting a few good hints is to sign up to an owner's forum - almost every car will have one. There's bound to be an insurance thread on there where people have listed decent companies and quotes specific to that model. Half the leg work is already done for you then.

    It amazes me that people are so lazy about shopping for insurance. I'd wager most people around 17-20 could save £500 off their policy were they to shop around properly. £500 for an hour or so of work isn't bad...
    Offline

    14
    ReputationRep:
    (Original post by Boristhethird)
    while learning (17years old, 0 NCB)i was paying £260 TPO
    now im paying £215 (18 years old, 1 NCB) with a bigger engine
    :smug:
    Motorbike?
    Offline

    15
    ReputationRep:
    (Original post by NOBODY MOVE!)
    are you 17 years old?
    did you only just recently pass your test - and therefore have no ncb?
    do you live in a high-risk area?

    because i'm thinking for you, the answer to all three of these questions is no.
    most of the threads i read to do with prohibitively-priced insurance are posted by people who fulfil these three criterion - and don't forget, that when you were 17 years old some 8 years ago, insurance didn't cost anywhere near as much as it does today.

    good job with making a thread that's both a waste of time/space, and unhelpful, grandpa.
    The point of this thread is not to boast about how low his insurance is, it is to show that if you actually ring up insurance companies and speak to a person rather than simply using a comparison site you can usually pick up much better offers than you get through comparison sites.

    Obviously your insurance will be higher than his because you're younger, with very little, or possibly zero, no claims bonus, but that isn't the point of this thread.

    I agree 100% with the OP that the best way of getting a good price on insurance is to ring the insurers and speak to a person on the phone.

    When I was getting quotes on my new current motorbike my best offer from online quotes was around £1500 TPF&T, so I made a list of bike only insurers and spent an afternoon ringing around. After a couple of hours I had found a quote for the following:

    £500 TPF&T
    £175 excess
    Unlimited mileage
    TP insurance to ride any bike
    Keycare & helmet & leathers cover included (essentially if I lose my keys or trash my helmet & leathers then they are insured up to the value of £1000 each)

    *EDIT* Also, I'm technically a very high risk person to insure, I've got 3 points, 2 claims in the past 2 years and 0 years no claims bonus.

    That quote beat every single quote I had received online in every possible way and I only got it because I got off my arse and put in the effort to ring around the insurance companies.
    Offline

    15
    ReputationRep:
    (Original post by Fuzzed_Out)
    Motorbike?
    I can answer this for Boris, yes it is on a motorbike!
    Offline

    15
    ReputationRep:
    PEOPLE, READ THIS NOW

    The fact that JC is older than most people on here and was talking about insuring a classic car in his first post is not relevant.

    The point of this post was that EVERYBODY stands a much better chance of getting a good quote if you ring up the insurance companies and speak to a person, rather than just chucking your details into a price comparison website.

    Most of the time, when you put your details into a price comparison site you will find a huge number of companies won't give you a quote because your details don't exactly fit what they need, but if you ring them up you will find that they can offer you a quote. Also, when you speak to a person you can usually haggle a bit. You can usually tell them that you have been made an offer of a couple of hundred less than what they are offering and ask if they are prepared to beat it and frequently the answer will be yes.

    You also have the ability to ask them how changing various details will change your quote. For example, what difference would a voluntary excess make, would dropping your annual mileage from 10k miles to 8k miles make much of a difference, etc...

    So, I go back to my first point, the fact that JC's situation is different to virtually everybody else on this forum does not matter. What matters is that he is showing that by ringing up the insurers and speaking to them in person you are far more likely to find a good offer than if you simply chuck your details into a price comparison website.
    Offline

    18
    ReputationRep:
    (Original post by Fuzzed_Out)
    Motorbike?
    yup
    much more fun too
    Offline

    18
    (Original post by Boristhethird)
    yup
    much more fun too
    Must be great trying to ride in the heavy rain and snow
    Offline

    15
    ReputationRep:
    (Original post by FXX)
    Must be great trying to ride in the heavy rain and snow
    Heavy rain is no problem, most motorbike clothing is waterproof, you've just got to be more careful on the corners.

    As for snow, even driving in the snow isn't fun! All you do is leave the bike in the garage and get the bus, or simply call work/college and say you're stuck at home because of the weather!
    Offline

    0
    ReputationRep:
    (Original post by mackemforever)
    PEOPLE, READ THIS NOW

    The fact that JC is older than most people on here and was talking about insuring a classic car in his first post is not relevant.

    The point of this post was that EVERYBODY stands a much better chance of getting a good quote if you ring up the insurance companies and speak to a person, rather than just chucking your details into a price comparison website.

    Most of the time, when you put your details into a price comparison site you will find a huge number of companies won't give you a quote because your details don't exactly fit what they need, but if you ring them up you will find that they can offer you a quote. Also, when you speak to a person you can usually haggle a bit. You can usually tell them that you have been made an offer of a couple of hundred less than what they are offering and ask if they are prepared to beat it and frequently the answer will be yes.

    You also have the ability to ask them how changing various details will change your quote. For example, what difference would a voluntary excess make, would dropping your annual mileage from 10k miles to 8k miles make much of a difference, etc...

    So, I go back to my first point, the fact that JC's situation is different to virtually everybody else on this forum does not matter. What matters is that he is showing that by ringing up the insurers and speaking to them in person you are far more likely to find a good offer than if you simply chuck your details into a price comparison website.
    You do realise when you ring them up...

    And they ask you name, age, and stuff. They're filling in the EXACT same thing, except they're doing it for you instead?
 
 
 
Poll
Are you going to a festival?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.