Hi People,
Am 22 yrs old, no NCB been on parents insurance. Best quote has been £2200 FC with Elephant for stock UK TT.
I can get a good (£1300 TPFT) quote if I say the cars value is only 5000 instead of 7500. If it were stolen, would the company search for a book price on the car, or just give me the stated £5000.
Surely they cant rely on the customers valuation of their own car - can they?
Have tried almost everything but if anyones got any tricks for cheaper insurance please help!
Mike H
I think you’ll find that if you agree a lower figure, they will holdyou to that.
Be aware that is will probably come into effect in the event of any claim - normally if the value to repair is greater that a percentage (maybe 65-85%) of the stated value, it will be deemed a write-off.
Like most insurance details, you need to take account of the effect in teh event of a claim.
Check around, I am not an expert, but have had this happen to me on another car that swas stolen-recovered, and deemed damaged beyond economical repair.
Cheers,
Ewan
Hi Mike,
If you value it at 5000, that’s what will be put on the policy, and that’s what you’ll get if it’s stolen. But to be honest, with a decent CAT1 the chances of that happening are slim to none.
As for your quotes, 1300 TPFT is good as far as i’m concerned. I’m 24, 1yr ncb and paying 1850 TPFT. Mainly because of my post code. You have to remember though, that the quotes will change a lot if you get an import. If they’ll insure you at all.
The only other thing i can think of to get your quotes down, is limited milage per year, and a safe job like Computer Operator. Hope that helps
Saul
Hi mike,
Im 22 and i’m paying £1400 f/c with tesco with all mods up till now declared but i have 4yrs no claims. if i were you i wouldnt say the cars worth less then it is - could be shooting yourself in the foot!
How long have you been driving on your parents insurance? You do know how much these things cost to keep going after insurance dont you?! 
hope all goes well with your search!
Pete
try limited mileage or add an older women driver!
I found taht if i added my mum, yes, my mum to my policy as an additional driver teh insurance was cheaper?!
Hi Pete ([R]zeeck),
Well Im hoping by buying a low mileage FSH car that I shouldnt have to spend too much after fuel etc. Im just gonna put a few hundred quid a month into a savings account to cover repairs/maintainance.
Do you reckon this is enough?
Micky21
Hi Micky,
The only reason I asked if you know how much these things cost is because most people who are on their parents insurance are so because they can’t afford the car they want in their own name because of one reason or another and my way of thinking would be if you cant afford to insure it, can you afford the car in times it goes wrong?
I dont know your personal situation so i dont know if you would be fine or if youd struggle. :?
You could buy a low mileage fsh car and still get probs, you could by a cheep car with a few miles on it and have none at all, it just seems to be the way these cars are, a fsh doesnt tell you how the car has been treated other then service times, its just a good indication!! :lol:
If you have any questions just drop me a p.m and i’ll be happy to answer if i can! 
Pete
[quote]
I can get a good (£1300 TPFT) quote if I say the cars value is only 5000 instead of 7500. If it were stolen, would the company search for a book price on the car, or just give me the stated £5000.
Mike H[/quote]
If you said the car was worth £20k you would pay the premium of the £20k, then if you had an accident and they looked in the book, and your car was worth £7k then thats all you get. If you undervalue your car, your insurance maybe cheaper but again they will only pay out upto the maximum of the amount you stated.
Insurance people dont like letting money go from their hands!
E
Do you reckon this is enough?
ha ha ha no matter how much you save with these things its never enough. im 27 full ncb and pay 1200 on a 93 import but had it since i was 23 and was paying 1500 then with 3 years ncb, through adrian flux. give thema try.
Another good company is ‘A-plan Insurance’. Not sure how widespread they are but the branch in Gloucester on Eastgate St quoted me around £1300 tpft and around £2000 fc which for a 21yr old (well, i will be when i get my GTO! - only 10 weeks to go!) with 2 years NCB and thats for a 1991 GTO TT import. Not bad at all i thought, considering my 1991 Opel Omega 2.6i (imported Carlton) will set me back around £1000 tpft and that only has 150 b.h.p (small figures in this forum but you’d be surprised what fun you can have with 150 b.h.p, rear drive and not a lot of grip! :twisted: !!).
Scott
Mike,
T.P.F.T. Don’t do it mate, the end result is just not worth it. What’s the difference between that and fully comp ? £800 ish, search around and you may get a better quote.
I understand your train of thought but let’s just say that you crunch the motor within the first few weeks or whenever really, that £800 will seem like a drop in the ocean compared to the cost of replacing a complete side and a front end etc, paint job, new lights etc etc. No matter how carefully you drive, there is always something/someone out there to get you, it doesn’t even have to be your fault, a kid runs out in the road, a deer jumps in front, the list is endless but you will swerve, if you then hit a wall, truck, motor etc, who will you claim off ? I’ll bet the deer doesn’t have fully comp :lol: :lol: .
That’s a very nice motor you have there, protect it and yourself properly.
Mark.
Good point Mark, was undecided between tpft and fc until i read your last post. Thought about tpft cos if i’m stupid enough to crunch the car then i’m not experienced enough to have one but in reality there are so many reasons to claim and most aren’t through personal fault so fc is the way to go.
Scott
Crash - Also cause major problems if you owe the money e.g. bought car on loan or finance etc, you wont have a car and you will still owe the money - double problems.