Author Topic: Insurance  (Read 404 times)

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Offline nctami72

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Insurance
« on: March 25, 2018, 07:15:52 PM »
Ok. I'm starting to look at insurance rates to see if it is even affordable for me to buy a car.

These quotes are based on a reg from a 2006 Nissan Micra.

I don't know what any of this means on these quotes. I've seen from £300-£3000 so I'm lost. Aviva was £1200.



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Offline ksand24

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Re: Insurance
« Reply #1 on: March 25, 2018, 07:24:59 PM »
Okay, I have a 2004 Nissan Micra, and my car insurance is somewhere around £450 a year, I think. However, that's with having held a UK licence for more than 9 years, plus 7 years no claims bonus. I also have my parents as named drivers which brought down the cost a bit.

It's fully comprehensive insurance, with £75 compulsory excess for Window Glass and £150 voluntary excess for all other claims. It also includes legal protection, breakdown cover and replacement car cover.

Having said that though, I do have a DUI on my record and when I first took out the insurance in 2010 (2.5 years after it had happened), it was closer to £1,000 (whereas before the DUI, my insurance had only been £350 per year)... it gradually decreased to £450 over the next few years as I built up the no claims bonus and the DUI became spent.
« Last Edit: March 25, 2018, 07:26:18 PM by ksand24 »

Online KFdancer

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Re: Insurance
« Reply #2 on: March 25, 2018, 07:39:46 PM »
Okay, plain English:

Admiral is saying the annual premium would be £305.76.  That’s if you pay a lump sum.  It’ll be probably £75 more per year if you want monthly payments, so approximately 😜£30ish a month.

Your excess, or deductible, would be £400 in the event you needed to make a claim.

Lowering the excess will increase the premium.

Offline nctami72

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Re: Insurance
« Reply #3 on: March 25, 2018, 07:50:46 PM »
Okay, plain English:

Admiral is saying the annual premium would be £305.76.  That’s if you pay a lump sum.  It’ll be probably £75 more per year if you want monthly payments, so approximately £30ish a month.

Your excess, or deductible, would be £400 in the event you needed to make a claim.

Lowering the excess will increase the premium.
That's what I was looking for.  Lol.

The compulsory is the deductible.

What is voluntary?

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Offline ksand24

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Re: Insurance
« Reply #4 on: March 25, 2018, 08:04:40 PM »
The compulsory is the deductible.

What is voluntary?

The compulsory is how much you HAVE to pay before the insurance kicks in, while the voluntary is an extra amount you can choose to pay on top of the compulsory deductible. Usually, the more voluntary excess you pay, the lower your overall annual insurance premium... but then again, if you make a claim, you have to pay out that voluntary amount before your insurance will kick in, so it can be a bit of a balancing act - deciding how much you'd be willing to pay out, vs. how much your insurance will cost.

Offline Eh127929

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Re: Insurance
« Reply #5 on: March 26, 2018, 07:23:38 PM »
CALL! I used online quotes then I called around. Admiral gave me a quote for about 600 less than all of the online quotes. I didn’t think I’d be able to afford it before.


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Offline jimbocz

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Re: Insurance
« Reply #6 on: March 27, 2018, 11:48:58 AM »
Agreed, Direct Line don't appear on those comparisons and can be way cheaper with pretty good service. 
Also, don't EVER accept the renewal without doing a whole nother round of comparisons as they will rip you off mercilessly at renewal time.

Online KFdancer

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Re: Insurance
« Reply #7 on: March 27, 2018, 01:10:48 PM »

Also, don't EVER accept the renewal without doing a whole nother round of comparisons as they will rip you off mercilessly at renewal time.


This.  A million percent.

Offline jimbocz

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Re: Insurance
« Reply #8 on: March 27, 2018, 04:11:46 PM »
Hey Tami, I just noticed that some of those quotes require a black box to be installed in your car to be sure you aren't driving like Daisy Duke.  You might want to be careful if you do actually drive like a nutter. 

Offline nctami72

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Re: Insurance
« Reply #9 on: March 27, 2018, 04:50:27 PM »
Hey Tami, I just noticed that some of those quotes require a black box to be installed in your car to be sure you aren't driving like Daisy Duke.  You might want to be careful if you do actually drive like a nutter.
What the What?

Definitely don't want that. Thanks for pointing that out. I didn't even realize that was an option here so something to keep an eye on in the future.

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Online larrabee

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Re: Insurance
« Reply #10 on: March 27, 2018, 05:29:52 PM »
Black boxes, smart meters... how much longer until they are chipping us?  ::)
March 28th 2013-Moved to UK, husband on spouse visa.Oct 20th 2015-Applied by mail for FLR(M).Feb 1st 2016 FLR(M).March 7th 2018 ILR. YAY! March 21st NCS&JCAP appointment.

Offline jimbocz

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Re: Insurance
« Reply #11 on: March 28, 2018, 10:11:13 AM »
What the What?

Definitely don't want that. Thanks for pointing that out. I didn't even realize that was an option here so something to keep an eye on in the future.

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That's what telemetrics is and some people want it because it can lower the price for inexperienced drivers by a lot.  You might even have to agree to a curfew, meaning you can't drive after 9 pm or something. 

Offline jfkimberly

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Re: Insurance
« Reply #12 on: March 28, 2018, 01:22:23 PM »
Black boxes, smart meters... how much longer until they are chipping us?  ::)

It's not that I have anything to hide.  I just don't trust the regime in charge to always be the same, or benevolent.  I may conform to the current societal structure, but what happens when it changes, and my views no longer fit in?  What then?

Also, I am not good at monitoring my speed whilst driving.  I had multiple speeding tickets before I learned about cruise control.  I don't think I'll be able to afford a car with cruise control when/if I finally get one, so I can NOT have a black box!  They would raise my premium even if I never got caught by the police.  :/
9/1/2013 - "fiancée" (marriage) visa issued
4/6/2013 - married (certificate issued same-day)
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8/5/2018 - ILR in person -- approved!

Online larrabee

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Re: Insurance
« Reply #13 on: March 28, 2018, 01:26:59 PM »
It's not that I have anything to hide.  I just don't trust the regime in charge to always be the same, or benevolent.  I may conform to the current societal structure, but what happens when it changes, and my views no longer fit in?  What then?

Also, I am not good at monitoring my speed whilst driving.  I had multiple speeding tickets before I learned about cruise control.  I don't think I'll be able to afford a car with cruise control when/if I finally get one, so I can NOT have a black box!  They would raise my premium even if I never got caught by the police.  :/

I drive carefully, I really don't need the hassle of getting a ticket so I do all I can to avoid getting one. Doesn't mean I'm going to let them put a box in my car though!
March 28th 2013-Moved to UK, husband on spouse visa.Oct 20th 2015-Applied by mail for FLR(M).Feb 1st 2016 FLR(M).March 7th 2018 ILR. YAY! March 21st NCS&JCAP appointment.

Offline jfkimberly

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Re: Insurance
« Reply #14 on: March 28, 2018, 01:30:05 PM »
I drive carefully, I really don't need the hassle of getting a ticket so I do all I can to avoid getting one. Doesn't mean I'm going to let them put a box in my car though!

Amen!  It's all about future regimes.  Once the data is collected, how can we be certain it's safe in future hands?  What will they know about us?
9/1/2013 - "fiancée" (marriage) visa issued
4/6/2013 - married (certificate issued same-day)
5/6/2013 - FLR(M)#1 in person -- approved!
8/1/2016 - FLR(M)#2 by post -- approved!
8/5/2018 - ILR in person -- approved!