Insurance.... yes AGAIN - Sorted :)

[macplaxton]

I'd try popping down to a local broker and dig for information?

There's a basic premium and added to it according to your circumstances are loadings and discounts.

Try and find out what the general amounts of these loadings and discounts amount to.

When I was 17 (< ), I remember my first quote was explained by a 95% age loading, which went down about 5% a year, so being 18 wasn't going to make much difference either (unless it was 18 + having a licence an extra year). Another thing was postcode. For the motorcycle, the areas were crudely divided into four areas, 1 city centre / 4 rural and the difference between 1 and 4 was 100%, therefore it was twice the money in the city compared to the sticks and this was for third-party only insurance! (on the old NU rider policy they didn't offer fire & theft until you were 28). Loading for an accident was some of the order of 35%, so avoid crashing and making a claim like the plague..(If you did a £1000 of damage, they'll have it back out of your pocket and some more over the next 3 years.)

Anyway, try and find out which bit of your circumstances is doing you over. Age you can do nothing about. Postcode, very little, unless you fancy moving out and the occupation. Being unemployed ain't good on insurance, nor is student, footballer, entertainer or publican.

[mattywatsit]

Are you ringing these companies or using bloodyexpensivecomparisonwebsite.com?

Phone quotes are always cheaper than internet quotes. Are you declaring the 440 alloys? I imagine that will be making the quote sky high, you need a super stock car when you just passed. The 2.0 isn't going to be helping, I found my 1.4 was much cheaper until I had 2 years driving down and got my first GLT.

As to whether a car is cheaper for you, in your postcode, this week, the only way to find out is ring and talk to the person on the other end of the phone. Ring specialist companies, say you are part of an owners club if you can (V3M counts for lots of companies, else join the VOC) Just spend constant time on the phone, getting reasonable insurance at your age isn't a given right, you have to put the time in.

Hi Chris - yeah most have been phone quotes! Spent the past few days just about permanently on the phone!

I haven't been declaring the wheel change - with them being actual Volvo wheels... as you say that would just boost it even higher - that is the only thing really that isn't standard on my car though.

I have called quite a few specialist companies too - but most of them wont quote due to my age the goalpost is either 21/25 whereas I am only 18. I have also been saying about being part of VOC and here, which has made a difference to a few.

Getting quite a headache now... and a phone bill to boot! Thanks for your help though.

holy cow!! I always ring the companys, I am very shocked at that price

Yeah I was quite surprised myself.... damn annoying - cheers for your help though Bud.

Try Sureterm Direct - I pay £150 a year with them for my 360 2.0. I am 41 though.......

Hi Al, We gave Sureterm a ring - but unfortunately they don't cover under 23 year olds seems an odd age too! As above though - thank you for your help and suggestions

I'd try popping down to a local broker and dig for information?

There's a basic premium and added to it according to your circumstances are loadings and discounts.

Try and find out what the general amounts of these loadings and discounts amount to.

When I was 17 (< ), I remember my first quote was explained by a 95% age loading, which went down about 5% a year, so being 18 wasn't going to make much difference either (unless it was 18 + having a licence an extra year). Another thing was postcode. For the motorcycle, the areas were crudely divided into four areas, 1 city centre / 4 rural and the difference between 1 and 4 was 100%, therefore it was twice the money in the city compared to the sticks and this was for third-party only insurance! (on the old NU rider policy they didn't offer fire & theft until you were 28). Loading for an accident was some of the order of 35%, so avoid crashing and making a claim like the plague..(If you did a £1000 of damage, they'll have it back out of your pocket and some more over the next 3 years.)

Anyway, try and find out which bit of your circumstances is doing you over. Age you can do nothing about. Postcode, very little, unless you fancy moving out and the occupation. Being unemployed ain't good on insurance, nor is student, footballer, entertainer or publican.

Hi Mac,

Thanks for all of that! It seems that the main factors making things expensive are: a) my age [18] b) how long i've held my license [3 days] and c) having no driving experience in their eyes! Obviously the fact that my car is a 360 GLT doesn't exactly help with it's 2.0i engine and insurance group 9!....

As for employment - I am employed full time in IT/Media, so hopefully that doesn't affect my quotes too much.
___________________________

I have just received a quote of £1400 for a 340 1.4 - so I am undecided whether to get a 1400cc 340 or not....

Thanks again for all of your help and as ever keep the suggestions rolling in.

Matt.

[Nimminz]

Try just putting IT or Media in as your occupation and see if either is cheaper than saying IT/Media
Buying an alarm might save you a few quid, aslong as its over the cost of the alarm you're sorted
I think Your postcode is not too bad, i know my mate who lives down the road lives in a cheaper area than me.
I take it you couldn't use that garage the car was in when i came? Or possibly rent a council garage? having it in a garage does make a difference.
Put your voluntary excess high
Pay in full rather than monthly if you can
I've done an advanced driving course and a few insurer's do give a discount for it (not CIS though )

What's your cheapest quote so far? try saying to other companys and see if they can beat it

[roadrallyliam]

i cant belive how much your insurance is.

when i just turned 19 i got a clio 182 £1200 with on NCB

i only pay £1200 for both my car nw volvo 850 r and 360 glt

im only 21 nw


have you tired an admiral multicar quote if you get all of the cars in your house on it it can reduce it down by 30% on all of them.

[Nimminz]

have you tired an admiral multicar quote if you get all of the cars in your house on it it can reduce it down by 30% on all of them.

I've heard this is good!

[CBA]

http://www.quotiva.co.uk/quote/classic/001/en wortha shot maybe

[roadrallyliam]

put it this way. when i insured my 360 for the last 5 months of last years policy they refuned me 51p

cos it reduce my mum and dads car (volvo s80 d5) and my volvo 850 r by so much that reduction in the cost for them two came to more than what they wanted for the 360 so they gave me money and i got 5 months of insurance for free .

[CBA]

Lie and say you put it in a garage even if you have no garage, you only lose the "theft" part of the insurance, but may save twice the value of the car on the insurance, some of which you can spend on a tracker

Take up a voluntary job, voluntary minibus driver, it puts you in the category of "professional driver" as you work as a driver, that can drop the premium by a LOT, its the lowest risk occupation I've found so far. In realistic terms your voluntary job can pay £8 per hour (off your insurance bill)

Limit the mileage.. the 300 speedometers only clock up miles when they feel like it anyway

[macplaxton]

If you haven't already, have a butchers at Martin's guide HERE

[mattywatsit]

Thanks for your help everyone. I now have insurance sorted, I've not been out yet though - will be using the car tomorrow though; driving alone will be strange!

Got an Ok-ish price in the end after exploring every avenue and company in the universe it feels!

As I said thanks again for all of your help

Matt.

[volvosneverdie]

Great result man. Get some miles on it.

[macplaxton]

I now have insurance sorted...Got an Ok-ish price in the end

Ah go on Matt, spill. How much?

Enjoy the maiden voyage.

[SteveP]

Who did you go with?

[Nimminz]

spot on mate!

[mattywatsit]

Who did you go with?

Kwikfit insurance

Not going to say the actual price but lets just say it was "reasonable" for my age and the GLT

Matt.