car insurance = headache advice welcome

bastic

bastic

bastic

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24 Jan 2008
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By Coffee cup...
Hey,
looking for a car and insurance for it....
why it is so expensive when you buy a car for the first time, even when you have many years of car driving experience ?!?!

Am in UK for 6 years now.
I do rent cars on some occasions so I know how to drive in UK.
Am on insurance policy to drive company Van.
I have driving license for 13 years now.
Only last year, finally have exchanged my EU driving license for full UK one, and on it it says I am driving from 1998.

So am experienced driver, in full time employment, car would be parked in under-building secure car park with gates and cctv.
At work it would be parked on secure (with security at gates,) property, again with cctv..

I think I wouldnt go over 5000miles a year...

The bit I dont get, that in many cases when I look for a potential car, insurance is higher then the value of the car!!! WTF!!

Why do I need to pay £1500-2000 for a car worth £1500-2000...
I even started to look for cars with 1.0l engines!!! and still insurance is crazy...


is there a way to get it lower ??( have tried different excess amounts)

am thinking of calling insurers instead of looking for quotes online...

all advice welcome
 
A lot of it will be due to your location — it really is a postcode lottery.

The other thing is No Claims Bonus — do you have any?

Do you have anyone else on the policy? Sometimes adding a spouse or older/female family member helps.

Finally, 5,000 might be too few miles a year — experiment with 8k or 10k and see if that helps.
 
Panzerbjorn said:
A lot of it will be due to your location — it really is a postcode lottery.

The other thing is No Claims Bonus — do you have any?

Do you have anyone else on the policy? Sometimes adding a spouse or older/female family member helps.

Finally, 5,000 might be too few miles a year — experiment with 8k or 10k and see if that helps.
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I never owned a car in UK...never needed one...

am not able to add any members of my family to policy as I dont have anyone living in UK.

and will have a go with more miles.
 
bastic said:
Am on insurance policy to drive company Van.


So am experienced driver,
Click to expand...

The van driving will not help as being on the road more means your in more of a risc of having an accident. It knocked almost £200 off my insurance when I stopped driving the companies vans and lorries.

As for an experienced driver, unless you have built up the NCB as said you are classed as a new driver.
 
Finglonga said:
The van driving will not help as being on the road more means your in more of a risc of having an accident. It knocked almost £200 off my insurance when I stopped driving the companies vans and lorries.

As for an experienced driver, unless you have built up the NCB as said you are classed as a new driver.
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hmmm I think Ive checked few quotes with and without company van ( which I dont drive daily, maybe once a month if not less)

and it is bit silly that without NCB you have to pay so much money and are not considered as experienced driver :(
 
It's the only proof they've got you aren't a crash magnet. Plenty of "experienced" drivers about who are absolutely shocking drivers
 
Milkybk said:
Just because you can drive in your own country "safely" doesn't mean you can here. If you don't have any NCB then there's no way of telling if you're a safe driver or not.
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I do understand, but will never understand why sometimes premium is higher then value of the car...
 
bastic said:
I do understand, but will never understand why sometimes premium is higher then value of the car...
Click to expand...

Because you can crash a £500 Fiesta into a £60,000 Porsche and cost the insurance company a lot of money.

It's not just your own car they have to insure against, they have to cover the damage you can cause with it.
 
Kenai said:
Because you can crash a £500 Fiesta into a £60,000 Porsche and cost the insurance company a lot of money.

It's not just your own car they have to insure against, they have to cover the damage you can cause with it.
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...

so they assume that newer the car, I will be driving it me carefully ( premiums are lower then on old corsa, lupo etc) ??
 
bastic said:
...

so they assume that newer the car, I will be driving it me carefully ( premiums are lower then on old corsa, lupo etc) ??
Click to expand...

No, they base the risk on a combination of yourself and the car you choose. Currently being a foreign driver with no NCB built up, you pose a huge unknown and likely fall into a high risk category of driver.

Just because your car is cheap, doesn't mean you can't cause expensive accidents in it, that's why premiums can be more expensive than the car. Buying a more expensive car won't really change this though, as this aspect is based more on the fact that you pose a high risk to them of being a crap driver at the moment than anything particularly related to the car.
 
Kenai said:
Just because your car is cheap, doesn't mean you can't cause expensive accidents in it, that's why premiums can be more expensive than the car. Buying a more expensive car won't really change this though, as this aspect is based more on the fact that you pose a high risk to them of being a crap driver at the moment than anything particularly related to the car.
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in the past Ive checked premiums for around 4 year Audi's and old Fiestas and premiums for Fiesta was more expensive... safer car lower premium? less pollution from it ?
 
bastic said:
in the past Ive checked premiums for around 4 year Audi's and old Fiestas and premiums for Fiesta was more expensive... safer car lower premium? less pollution from it ?
Click to expand...

Could be a huge variety of things causing the difference, not as simple as newer = cheaper.
 
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