Insurance - argh!

Vanilla_Ice · 23 Mar 2006 at 21:16

Hi,

My current policy runs out about 10 days before my 25th birthday. What should I do?

a) renew policy when it runs out

or

b) get a cover note and start new policy when I'm 25

I'm thinking "b" as insurance drops down quite a bit when you turn 25, and should out weigh the cost of the cover note.

Opinions please.

ICE

vanandjuanunited · 23 Mar 2006 at 21:18

Mine never dropped at 25. In fact its usually always around £500 and I have been driving for 17 years.

-westy- · 23 Mar 2006 at 21:19

Run a couple of quotes to see the difference - if its significant, maybe you could find other modes of transport for 10 days

[TW]Fox · 23 Mar 2006 at 21:20

How do you intend to just 'get a cover note'?

ajgoodfellow · 23 Mar 2006 at 21:29

Perhaps use Day Insure?

They'll cover you for £10 a day so it'll cost £100

If you save more than £100 on your insurance when you're 25 then go for it. As above try some quotes either way and see what happens

Slime101 · 23 Mar 2006 at 21:30

[TW]Fox said:
How do you intend to just 'get a cover note'?

Take out insurance for a year, cancel within first month or so and get a full refund with exception of days covered

Vanilla_Ice · 23 Mar 2006 at 21:32

[TW]Fox said:
How do you intend to just 'get a cover note'?

On my parents insurance?

ICE

-westy- · 23 Mar 2006 at 21:37

Vanilla_Ice said:
On my parents insurance?

ICE

that'd mean they'd have to take out a new policy on the car for 10 days...kinda pointless.

50/50 · 23 Mar 2006 at 21:49

just buy the insurance through someone like admiral, and cancel within the 14 day cooling off period... perfectly legal.

Fireblade2K4 · 23 Mar 2006 at 21:52

Some insurance companies may allow you to take the policy based on a premium for you being 25 as it is only 10 days, that is something you'd need to check though really.

I've also found it best to actually phone insurance companies as well as opposed to doing online quotes, they have never been very accurate for me really....always had a better deal on the phone, maybe because I play off about 5 different companies at a time, one against another to beat my quote down

Stu

Vanilla_Ice · 23 Mar 2006 at 22:20

-westy- said:
that'd mean they'd have to take out a new policy on the car for 10 days...kinda pointless.

Err - isn't that the whole point of a cover note? :confused:

50/50 said:
just buy the insurance through someone like admiral, and cancel within the 14 day cooling off period... perfectly legal.

They've given me the best online quote so far if i was to renew straight away.

Fireblade2K4 said:
Some insurance companies may allow you to take the policy based on a premium for you being 25 as it is only 10 days, that is something you'd need to check though really.

I've also found it best to actually phone insurance companies as well as opposed to doing online quotes ....

I'll see what admiral say.

Cheers,

ICE

[TW]Fox · 23 Mar 2006 at 22:24

Vanilla_Ice said:
Err - isn't that the whole point of a cover note?

A cover not simply proves you are insured whilst your certificate is sorted..

Vanilla_Ice · 23 Mar 2006 at 22:33

So Day Insure aside, there are no other ways of obtaining temporary insurance without taking out a full years policy and then prematurely terminating it?

WTF???

ICE

Morba · 23 Mar 2006 at 23:08

have you rang any companies and asked what difference 10 days will make?

Von Smallhausen · 23 Mar 2006 at 23:27

I was 30 really before I got low insurance.

Audi A4, TDi P reg. £319 fully comp.
Toyota MR2 Turbo. £ 409 fully comp. ( restricted mileage-4k )

KASM · 24 Mar 2006 at 07:58

Ring a few brokers and during the quote mention that you'll obviously be 25 within a few days and is there anything they can do to take that into account, a decent broker will quickly work out if there is a relevent discount and offer it, we used to do it all the time; in fact we were trained to look out for it and often used it to close the sale.

saitrix · 24 Mar 2006 at 08:35

To use dayinsure for 10 days it will cost you around £55 as after the 2nd day it goes down to like £4 a day.