After your first year of driving, how much did your insurance increase/decrease by?Watch
cannot remember but there is no need to ask just run through an online insurance quote.
first quote as normal
second quote implying you held your full licence for at least 1 year, have 1 years NCB, no accidents/claims or convicitons.
then note the difference in price
change of car may or may not have had something to do with it, with first year being for a mid-90s peugeot 205, and second year being for a 2008 fiat 500.
thanks forgot to mention age; mind you I never intended to type about what to fields to update as I do not like stating the obvious.
I passed my test at 18
year 1 (aged 18-19) approx £1500
year 2 (aged 19-20) with 1 NCB approx £800
year 3 (aged 20-11) with 2 NCB approx £650
and so on; my insurance is around the £300 mark now.
I know people who passed at aged 17 half and at the end of year 3, their renewal with 3 NCB at aged 20 is around £600 mark.
Indeed age is a factor but NCB is the biggest factor alongside legnth held full licence.
I wish people will stop implying that insurance is expensive upto 25 years old and that 25+ is a bench mark for low insurance, if people read their insurance documentation or what Insurers offer they will note that most companies significantly reduce the compulsory excess at age 25+ has nothing to do with low premiums. If you pass your test at 25 years old you will stil have very high insurance premiums because you have not held your full licence for a long period of time nor hold NCB. run run through an online quote and see!
That is what I've seen from doing comparing as I am now + an extra year with no claims obviously.
So around £480 less on my second year.
That is if I don't have a crash in the next 6 months.
£800 first year, £500 second year with NCB.
These prices were for when I was 17 (first year price) and 18 (second year price), both in a London postcode.
The company I was with sent me a renewal notice for £600 more, so had to spend ages trying to find it cheaper elsewhere.
Now with Direct Line, who this year (3rd year driving) actually gave me a renewal quote cheaper than anything I found online. Still unbelievable though at £500 though with no points or accidents.