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Car insurance

(21 Posts)
ineedamum Thu 15-Aug-19 20:55:21

I haven't a clue about any of it!! What are the different types of insurance and how can I make it cheaper?

The car (I picked a random one) is £2500 and the insurance is 750 pa? Surely this cant be right?

tanith Thu 15-Aug-19 21:03:07

The price will depend on lots of things, your age, area you live, the make and size of engine.

There is comprehensive insurance which means you are covered for your car as well as the other party.
Third party means your own car isn’t covered just the other person in an accident usually bought for a car that isn’t worth too much.

Go to a comparison site and put all your details in to see all the different company and they’re prices based on your information.

tanith Thu 15-Aug-19 21:03:59

their prices

HootyMcOwlface Thu 15-Aug-19 21:11:07

Martin Lewis (money saving expert) says don’t assume 3rd party is always cheaper, sometimes comprehensive is the same price or a bit cheaper, so would be good to check it out.

Willow500 Thu 15-Aug-19 21:13:23

Mostly it depends on your age, length of time driving and the area you live in. Get quotes from different companies via one of the comparison sights.

Willow500 Thu 15-Aug-19 21:14:32

sites

Charleygirl5 Thu 15-Aug-19 21:21:43

Even where one parks can affect the insurance rate. Also medical problems, past, present and ongoing. Also the number of people insured to drive the car and their occupations.

annodomini Thu 15-Aug-19 21:42:53

If this is your first car, you won't have a no-claims discount which you will accumulate after a number of years, depending on having no claims, of course. I always take out no-claims discount protection. I've been driving for almost 60 years, most of them as an owner-driver.
Do shop around. I decided that I was being quoted a premium well over the odds and found another at about a third of the amount.

quizqueen Thu 15-Aug-19 21:49:03

My car insurance is less than £200 on a 6 year old Corsa, fully comp, no claims protected, kept on drive over night and I'm 67.

mumofmadboys Thu 15-Aug-19 23:36:16

Direct -line is good

WOODMOUSE49 Thu 15-Aug-19 23:56:53

You haven't said if you have any No Claims Discount. This makes a huge difference. If you have the full amount for a long period and had no claims + get at least 3 quotes it will bring the insurance down. As will how many miles you do. I halved my mileage this year and saved £30 (same company)

I have full no claims (Protected), full breakdown cover, not garaged. Fully comp my Suzuki Jimny 1.3 is £236.00 I'm 69 and husband drives it as well, he's 70.

Tell other companies what you have been quoted - they will try to beat it!.

Coolgran65 Fri 16-Aug-19 00:12:41

Here in NIreland our car insurance is higher than on the mainland because payouts are bigger.

For a Toyota Yaris 1200cc value £7k my comprehensive insurance is £310. It is higher this year because I am now 70. The insurance includes protected no claims, home start recovery. Legal cover, lost keys. I t also includes a few to have dh as a named driver.

My dh pays much the same for a Toyota Rav value £18k. He is 65. He had a reduction of £30 when he added me as a named driver.

A friend pays only £230 for her Corsa, same cover as me, but she is under 70.

nightswimmer Fri 16-Aug-19 00:55:03

May be worth using a broker, they can shop round for you for quote, you may be able to breakdown cover for a competitive rate as well.

Pantglas1 Fri 16-Aug-19 06:30:55

I’m in north Wales and I only pay £135 fully comp for a 1000cc car with DH as my named driver and full NCD, both driving for 45 years.

Bordersgirl57 Fri 16-Aug-19 07:30:35

Message withdrawn at poster's request.

Coolgran65 Fri 16-Aug-19 07:37:58

I always shop around. First I Got the ‘cheapest’ my present company could offer. Made a few phone calls and then went back to present provider with the cheapest. They matched it. They always do.

Davidhs Fri 16-Aug-19 08:46:41

Shop around cost will depend on your age and experience, the car, it’s value and where you live. The big cost to insurers is personal injury claims not damage to vehicles or property, so a young or inexperienced driver will have a high premium even on a cheap car.
My 17 yr old grandson was quoted £4000 for a £1000 car!

ineedamum Fri 16-Aug-19 19:10:42

Thanks x

I passed my test 10 years ago and have never driven since so the no claims doesn't really kick in.

Im considering a small run around- 10 years old?

The area I live is safe- 100m from a great area but the postcode is a cheaper one! So my insurance will be higher due to that.

M0nica Fri 16-Aug-19 19:41:34

If you are coming to the market for car insurance, having never driven before, then you are in exactly the same position as an 18 year old who has just passed their test, yes, they may make a slight reduction because they hope you are older and wiser, but they may also feel that at your age you may not be as quick at judging situations.

Always check what insurance group any car you buy falls into and look for one falling into insurance group 1 or 2. Car insurance groups are based on engine size of car and the insurers experience of accident claims in cars in that Group.

The motor insurers idea of a good or bad area is based on the number of claims they receive from people in that area and their value and can vary from company to company. It doesn't necessarily mean, big houses, fewer claims. Those with money are more inclined to buy big expensive cars that are very expensive to repair if damaged and attract car thieves. A less affluent area of young families, may be 'better' because parents with children in the car are extra careful drivers, run unremarkable cars, and the cost of individual claims is lower.

Tangerine Fri 16-Aug-19 19:45:50

LV are very good.

MamaCaz Fri 16-Aug-19 20:07:04

As others have said, a lot of factors affect the cost of insurance, and you should definitely put your details into a comparison site, but don't forget to try companies who don't use those sites too (I think Aviva is one of those, and I have often found them very competitive).

Even though I had passed my test in my twenties, and been a named driver on OH's car for most of that time, I didn't have a car of my own and insurance in my own right until nine years ago, when I was 49.
As far as the insurance companies were concerned, I might as well have been a hew driver. However, without any years of no claims behind me, I still got insurance for under £300. That is obviously way cheaper than any young driver could hope get, so age alone must have worked in my favour!

Will you be the only person who ever drives the car? Having a low-risk second driver on the policy can make quite a difference.