I had a black box insurance policy and went 50% over the speed limit; the next day I received a call to notify me that my insurance was to be cancelled. I am 18, held my licence 8 months, and I live in a high risk postcode. I'm ****ed.
Obviously my main goal is to get back on the road asap, but despite the various options that I've thought about, nothing seems like a good idea lol.
1. Declare cancellation, pay (reasonably?????) higher rate, get 100% legit cover and get on with life. Unfortunately this is impossible. Declaring my cancellation returns me 0 results on any comparison website, and even the (very limited range of) specialist cancelled policyholder insurance providers will not give me a quote due to my age. I'm willing to pay up to £3,000 this year for insurance.
2. Don't declare cancellation, pay 'normal' rate, get non-legit cover. The penalties for being caught deliberately not disclosing a cancellation are baddd - fine, points and insurance void from inception are the minimum penalties. The only reason i listed this is because so many people have encouraged me to do so - as if its my only option - and to be honest, if i knew for certain that I could definitely get away with it, i would most likely do it.
Whilst I was on the phone to an insurer (premium insurer for celebrities, and luxury performance cars) the guy on the phone literally told me to just not disclose my cancellation with another insurer - he even told me that there is no database for cancelled policies, and that an insurer can not check for them (which seems very unlikely, as insurers seem to be able to check everything - but then again, no where explicitly states that cancellations are recorded on the MIB or CUE, unless a different database holds this information instead).
Also, my older brother got his first policy cancelled too (he got played hardd by his insurer - but that's a story for another time), and he took out insurance without declaring the cancellation - and somehow didn't get caught throughout the duration of the policy (he declares his cancellation these days, as he has a ncb to counteract it)
When I went to get a new car, the salesman said that I should not declare anything (he said he did the same), and my boss also told me that he doesn't declare any of his points (9!!), or his 2 previous driving bans (Which i thought were recorded stricter than cancellations).
As you can see, the personal anecdotes that people have shared with me are the opposite from what you'd expect with the information that insurers, and the internet, tell you - and this tempts me the most.
3. Get a motorbike - it's summer, they're a lot cheaper, and they can be fun (I actually used to own a moped, however it got stolen without theft insurance). Setting aside the different pros and cons of driving a car, or riding a scooter, I would still have to declare my cancellation, and I have no idea how much this effects bike insurance (hopefully not as much as car insurance!!).
What would you do in my situation? Please no comments about it being my own fault, or deserving it. Thanks. Also sorry for poor formatting and structure, i'm very very tired.