Car insurance T1 3 years restricted driving license

[r0xereq]

Hi Guys,

Hope you are doing well.

Do you have any knowledge about any cheap car insurance companies? I'm about to buy my first car, while doing quote online to my surprise I was quoted 5000 pounds per year for 1.2 Vauxhall Corsa! Is that right or they are trying to put loads of premiums even though they should not do that?

Thanks

Bart

 

[Nicola M]

Lots of things can factor into car insurance prices although a restricted license shouldn’t be one of those factors. I’ve been driving for 4 years now and I was on a 2 year then 3 year restricted license and my insurance was no more expensive than my siblings were. My insurance now is a little more expensive but I think that’s due to the type of car I have (hybrid) and it’s a 24 plate but even so it’s not over 1000.

Have you tried the comparison websites to see if you can find anything cheaper through them?

I’d also ask someone who has purchased insurance before to go through it with you, making sure you are inputting any information correctly to get the best price you can. Insurance websites can be confusing if you’ve never done it before.

 

[searley]

My year restricted license has not affected my insurance

The license is not restricted in any way, it’s only a license with a shorter renewal date so your health situation can be confirmed

 

[Jaylee]

Hi Guys,

Hope you are doing well.

Do you have any knowledge about any cheap car insurance companies? I'm about to buy my first car, while doing quote online to my surprise I was quoted 5000 pounds per year for 1.2 Vauxhall Corsa! Is that right or they are trying to put loads of premiums even though they should not do that?

Thanks

Bart

Hi, Bart.

Welcome to the forum.

A lot of things will affect car insurance premiums.
@searley can put me straight if I’m wrong?
Stuff like age/experience, type of car, certain modifacations from OEM (used to be lowered if you had a cat 1 alarm immobiliser? Garaged? ) even the area the vehicle was kept.. Even your profession could be taken into consideration?

Diabetes shouldn’t be a factor….

5K sounds steep.
Could be worth looking on Corsa owners club forums & see what others are paying & what’s recommended?
I drive a Jap import & found the company I found very competitive compared to insurers ranked on a generic comparison website.
The last time I looked(on renewal.) it was a £700 hike compared to the proposal from my usual.. which hadn’t increased.

Best wishes.

 

[searley]

Hi Guys,

Hope you are doing well.

Do you have any knowledge about any cheap car insurance companies? I'm about to buy my first car, while doing quote online to my surprise I was quoted 5000 pounds per year for 1.2 Vauxhall Corsa! Is that right or they are trying to put loads of premiums even though they should not do that?

Thanks

Bart

I dare say age is your enemy more than anything else along with choice of car/age of car/ along with is value

I dont know your age, but as it's your first car im going to guess less than 21?? lots of insurance companies won't touch under 21's some even under 25's

sometime you are better off getting an old £500 scrapper and having just 3rd party just do you can get a years no claims bonus

in theory, diabetes shouldn't affect your insurance as thats discrimination if they do

 

[searley]

A lot of things will affect car insurance premiums.
@searley can put me straight if I’m wrong?
Stuff like age/experience, type of car, certain modifacations from OEM (used to be lowered if you had a cat 1 alarm immobiliser? Garaged? ) even the area the vehicle was kept.. Even your profession could be taken into consideration?

@Jaylee I think the single biggest factor currently is age. under 21/25's are really penalised especially the males, as such a high percentage of claims come from that category

I have a 1.8l sri and pay £200 a year fully comp most because im an old f@rt and got full no claims bonus.. even an 1800cc motorbike only costs me about £200 a year.. when I was 21 they wanted 2k a year 3rd party only on a 900cc and thats 30 years ago

 

[Jaylee]

@Jaylee I think the single biggest factor currently is age. under 21/25's are really penalised especially the males, as such a high percentage of claims come from that category

I have a 1.8l sri and pay £200 a year fully comp most because im an old f@rt and got full no claims bonus.. even an 1800cc motorbike only costs me about £200 a year.. when I was 21 they wanted 2k a year 3rd party only on a 900cc and thats 30 years ago

Boiling it down to bones.
It does sum it up…

 

[CHardy77]

Hi each,
Unsure if it’s been posted already - too many (high quality ) posts above to read through - but I do remember, and now follow, an Money Saving Expert tip explaining that, importantly, price is definitely influenced by WHEN you seek the quote.
21 days in advance of the start of a policy is the best time to obtain a quote - lots of actuarial considerations influence this, like hasty people are thought to look early and careless / less careful people to look late. Those factors are really important to the actuaries who set the rates.
You don’t need to accept the quote immediately as, typically, they last 30 days but you do need to get them in advance of the start date. Oh, and do shop around and do play insurers off against each other as they will want your business.
Hope this helps.