Car insurance and missing no claims

j stone watson · 2012-08-06T19:02:14+00:00

My son who is thirty years old has not had much use for a car of his own so has often used mine when needed and so has been included on my insurance. He now needs a car of his own, and when looking at the insurance costs finds he is quoted about £800 a year even for an old 2002 Honda Civic which is only worth £1300 or so. And that's looking at the cheapest quotes on the price comparison sites out of moneysavingexpertcom.He was told by one company he rang, that his premium was high since he had no 'no-claims' bonus. That's despite driving accident free since he was seventeen, but its because he had no car insurance in his own name.Is there any way that it could be arranged to try and bring his premium down? I dont mind including him on my insurance if that would help, or is there any other way that we could usefully try? Thanks.

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Chris Whelan 13 years ago

[...]

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Not IME.

But they don't. The motor insurance market is *very* competitive. Just look at the range of prices you get when you use an online service.

Since when did profit-making businesses want to be any more fair than the law requires? They are there to make money.

Someone who is over thirty, and a new driver, will still pay less than a youngster. Someone who is over thirty, with a *verifiable* history of 'clean' driving will pay less again. It would seem your son has no recognisable way of verifying his driving history, so how can an insurer take that into account?

You are talking like the insurance companies are privately owned by individual people; I'm pretty sure that's not the case.

Chris

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Simon Finnigan 13 years ago

My renewal quote is regularly impossible to beat. And it's regularly £200-£300 cheaper than the next cheapest alternative. I can get them to reduce it slightly by calling them up at renewal time, but I quite simply can't beat my renewal quote. And that's with a normal job, home, car, added driver with 2 no fault and 1 at fault claim.

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Chris Whelan 13 years ago

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Yep, I've just had a renewal in that's a tenner less than last year, at a time when the press is predicting a 30% rise in premiums. As a bonus they are throwing in no loss of NCD for uninsured driver damage, or vandalism.

Chris

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David 13 years ago

How our experiences vary....

Since I first took out car insurance in 1984, without exception, it has been cheaper to shop around for car insurance come renewal time.

I have always found that the Ins Co gives an intorductory discount to new customers.

But, the experiences I have had over the last three years with brokers (shudder), leaves me willing only to deal with the Company directly.

David

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Chris Whelan 13 years ago

[...]

I've sometimes had that (since the first time I took out motor insurance in 1962 ;-)), but more recently the renewals have been lower or close to what shopping around gave. I think it's quite competitive now.

Chris

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Simon Finnigan 13 years ago

Everyone I tell about my experience has difficulty believing it. My wife has the same thing, the only way to beat the quotes we get is to ring the insurance co and try to haggle them down a bit more.

I don't understand why this one company consistently produces lower quotes

- they've always been ok to deal with when accidents have happened. Well, except once when the solicitor for the wife's (actually legitimate) personal injury took well over a year to settle the case. And when we complained, they gave us the £150 we asked for to avoid making it a formal complaint.

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tony sayer 13 years ago

Well we're with 4 Counties of St Ives Cambs and year in year out the times I have checked them no ones been better!...

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David 13 years ago

I'm sorry, I did not mean to infer disbelief. If it works for you, carry on, and good luck.

All my life, I find most other people's experiences are the polar opposite to mine....

It might be something to do with me being Autistic.

David

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David 13 years ago

I'm glad you've found one that suits your needs best.

David

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anonymous 13 years ago

An insurance specialist recently said that if you stay with a home or car insurance company for more than two years, you'll be missing out on better deals elsewhere.

It's worth pointing out that you pay tax to the government on your insurance premiums, plus a £30-£40 surcharge for uninsured drivers, plus the same again because of the amount of fraud eg deliberate accidents and bogus whiplash claims.

If true that's rather interesting. It's well known that the older you are before you start to learn to drive, the more lessons you will need on average. Logically there should be some sort of trade-off between the longer reaction times etc of older first-time drivers against the impetuosity and temptation to show off of younger first-time drivers.

Perhaps they themselves are Bankers - direct Line and Churchill, for example.

Adrain

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Duncan Wood 13 years ago

On Tue, 14 Aug 2012 11:52:16 +0100, john woods wro= te:

It's not the same premiumeither, try insuring a new driver & you'll pay = =

even more.

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Car insurance and missing no claims

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