Fazer Owners Club - Unofficial
General => General => Topic started by: Lazarus on 17 January 2013, 10:38:00 pm
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My daughter (last year) came of the age that she wanted to learn to drive (oh dear god I silently said) but ew changed out car in September from an '04 Corolla 1.4 to an '07 Corsa 1.2.
I added her to the insurance as a Provisional License holder at the cost of £464. We have a multi car insurance with Admiral.
When I was on the phone changing the insurance, I also asked about the cost of insurance when she had her full license - the difference was an additional ~£120 (over and above the £464)
Today she passed her test (second time around) and I phoned Admiral to change the insurance to reflect her full license, credit card in hand waiting for the magical sentence " You owe £120(ish) pounds".
I just about choked on my haggis when the guy asked for £794.92
So, from September 2012 to early January 2013, the insurance premium has risen almost sixfold.
Tried talking to the persons manager - they werent interested. Not interested in adjusting the values, nor holding onto existing customers.
what a F**KING ripoff.
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In these austere times and rip-off merchants selling us insurance, expect more uninsured drivers on the road.
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Think yourself lucky. My son insured his own w reg first 1.2 for £1000 as a provisional driver in December 2011. Passed his test in August 2012 and had to pay £1600 more to cover himself till December 2012!
With a years no claims he is now paying £1400.
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And another thing. Last month it became illegal to give girls cheaper insurance based on gender.
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And another thing. Last month it became illegal to give girls cheaper insurance based on gender.
I'd like to know who decided to challenge this and why? It's just a matter of time until someone claim the current system is ageist and we're all completely screwed.
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And another thing. Last month it became illegal to give girls cheaper insurance based on gender.
I think thats the telling factor BBROWN. And as usual, instead of trying to strike a balance the insurance companies simply hike the prices up to maximum benefit (theirs of course)
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Either way Laz, you still got it feccin cheap in comparison. My boy only got the price down to £1400 for renewal because of a tracker device. Next quote was £2500.
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from the OTHER side of the coin, your daughter has now become the maximum risk (ie newly qualified) and therefore a corresponding rise in premium will be due.
however that IS TTP.
i beleive that is admiral's way of saying we don't want your (her) business
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Yup - understand that the premiums vary across the board depending on multiple factors.
The main thing that pisses me off totally is that the quote for her insurance back in September (with a Full License) was only an increase of ~£120. 4 months later its up to almost £800 extra (and no change to any of the other named parties)
did a comparison site for insurance - Asda were asking for £13,000 for insurance - not THATS a statement saying we dont want your business!!!!
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depends a lot on what you do....my eldest daughter insured her first car at 18 a citroen saxo for £500 :) .....shes a nurse :) :) :) ......second daughter is 18 and just started lessons , had quotes of £3 / 4000.......shes a college student :eek :eek :eek
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As a guess Laz, the original quote was wrong. At one point, with a 15 year old Shogun that I had, worth £1000, they wanted £21,000 to insure my son on it. The Mondeo I had was £12,000 and the Mrs 1.6 Focus was £6000.
He did his homework and worked out the Fiesta was the cheapest car for him to insure so we bought that. It wasn't the car he wanted but the one he was most likely to be able to afford to insure.
BTW, the £1400 quote he got increase when we added named drivers. £200 more to add me and £700 more to add the Mrs.
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Red, how many years ago was that?
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My first car cost £140 in 1982 IIRC. An old banger too! Dunno what that would be in today's money, but £700+ I guess.
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My first insurance was damn expensive, that was £1700~ for a 1.5 Diesel Pegeuot 106 - it may have been a 1.5 but most Petrol 1.2's had more power than that gutless thing :P
My current car, an MG ZS (2.5 V6) is a bit of a wildcard so far... I've had quotes as low as £600 back in September, then in December it was £2,000 with no change in circumstances. Needless to say, I'm not looking forward to my renewal in April...
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Admiral use to be competitive, but now they are just greedy. When my lad changed his car one month after renewing with Admiral, it was cheaper for him to pay a cancellation fee and insure with someone else than to pay admiral for changing the details to the new car!! Also they are the company who ask if you have been on a Speed Awareness Course and penalise you accordingly.
I have just re insured my 3 series beemer, through the IAM for £160 fully comp. One of the few perks of old age :)
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My mate is high up in one of the big insurance company's and I was asking him about the costs for youngsters, our mutual mates boy is paying 4k for a 1.2 Clio. His reply was, get kids on scooters at 16, they have 1 years no claims and road experience, buy an old car so less to pay out if binned than a new car, get a 2 seater, if youngster then crashes they have less compensation to pay as only 1 passenger, instead of 4, also look at classics, you don't build up a no claims but your on the road and when you hit 21 hopefully got a better job and can then get what they want and pay for it themselves
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JC, that would be good advice about the scooter and no-claims if insurance companies actually took any note of it. Almost all say that it was not gained in a car and therefore not accepted. When my boy was trying to insure his 125 and then his ER-5 when he passed his test he had to phone the insurance companies to get quotes as he had no-claims but on a 125, no sir you cant have been riding a year already as your only 17 etc etc etc.
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Don't know about transferring it to a car, but I was ringing around for my son last night for his Dt125 which he has already had for a year and places were accepting that he had 2 years no claims (he had a moped at 16)
What I did find, that even without pillion cover, was that even though he has now passed his bike test I was still struggling to beat the premium he paid last year.
I can understand why the price of insurance goes up when you pass a car test, but I thought bikes might go down quite a bit. Apparently not!
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My mate is high up in one of the big insurance company's and I was asking him about the costs for youngsters, our mutual mates boy is paying 4k for a 1.2 Clio. His reply was, get kids on scooters at 16, they have 1 years no claims and road experience, buy an old car so less to pay out if binned than a new car, get a 2 seater, if youngster then crashes they have less compensation to pay as only 1 passenger, instead of 4, also look at classics, you don't build up a no claims but your on the road and when you hit 21 hopefully got a better job and can then get what they want and pay for it themselves
I reckon a 2 seater would be seen as a sports car even if it's something like a Suzuki Cappucino, old car doesn't make any difference as it's personal injury (and PI solicitors) that's jacking prices up. Year NCD would be the most valuable, but can you use NCD that you earn on a bike/scooter policy on a car?
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Mustard, my son swapped his insurance from the 125 to the 500 when he passed and paid a £100 admin fee to cover the last 4 months. Now with 2 years no-claims the quote he has for the 500 is 2/3 or less the cost of the 125 policy.
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Bbrown,
I think my lads trouble will be he wants a DRZ400sm, so it's the same sory as his Dt125sm - classed as a hooligan tool and high theft rate. Keep trying to persuade him to look at something more sensible, just like my Dad did when I was 18. I bought a 250LC though!
Lazarus,
In my experience,none of them seem to want to hold onto business, but you can always seem to get a good offer for new business!
Just a case of playing their game and keep swapping around each year. It's just difficult sometimes when your circumstances change part way through a year and they don't want to know.
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Yup - understand that the premiums vary across the board depending on multiple factors.
The main thing that pisses me off totally is that the quote for her insurance back in September (with a Full License) was only an increase of ~£120. 4 months later its up to almost £800 extra (and no change to any of the other named parties)
did a comparison site for insurance - Asda were asking for £13,000 for insurance - not THATS a statement saying we dont want your business!!!!
It's because the ruleing came into force in December, up until that point the insurers were probably using it as an excuse
JC, that would be good advice about the scooter and no-claims if insurance companies actually took any note of it. Almost all say that it was not gained in a car and therefore not accepted. When my boy was trying to insure his 125 and then his ER-5 when he passed his test he had to phone the insurance companies to get quotes as he had no-claims but on a 125, no sir you cant have been riding a year already as your only 17 etc etc etc.
I was allowed to transfer my 1yr no claims from scooter to car with direct line about 9 years ago but I had to forfeit the saving my passplus gave me.
An impossible solution would be getting through the test then staying out of driving a car for a few years to take the premiums down. Being at uni and not being able to afford a car did that for me and the next time it came to look for insurance I had a clean 5 year old licence. I doubt there's a 17 year old in the country who isn't going away to uni that would agree to this though.
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One of the key things that made me get my full licence rather than ride on a CBT with a 125 was actually the cost. It cost me less to do my full test and buy and insure the Fazer (only just) than it would have been to buy and insure a 125... Even old 125's are relatively expensive because there is a large demand for them. Obviously, its sooo much nicer having a full licence and a lovely Fazer ^^
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Red, how many years ago was that?
sorry should have included that......eldest daughters insurance was about a year ago.......second daughters last week,think she might have to leave it a little while , she wont like that :(
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Go on go compare, get a cheaper quote and tell admiral. They will check and try to match it then tell em to get stuffed and cancel their policy. My daughters renewal had nearly doubled, did this and it was halved and at fully comp from third party fire and theft.
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You can get 2 seaters that are def not sport cars, a smart car for one, and the older cars make a difference because if you bump a £1000 car it will probably get written off, where as if you have a nice new fiesta or similar, bump that it might cost £5000 to fix but not enough to wright it off, therefor costing more to the insurance company, also as mentioned in my earlier post a 2 seater can only have 1 passenger so only one injury claim also cheaper. As for transferring scooter no claims it probably depends on the company.
My mates daughter had one of those trackers fitted to her car and couldn't use it after 11 pm to 5 am or thereabouts, after the first year the price went up, because she had been braking excessively hard at junctions, excessive speed around bends and roundabouts, and exceeding the speed limit on numerous occasions.
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I can't fathom why you wouldn't pay extra care and attention if you have a tracker on board, that is surely just insane!? Of course we should always pay due care and attention, but I'm sure everyone has had their odd moment of giggling like a small kid as you give it that extra bit of throttle :P
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Just stupid kids I guess, showing off
I still have moments of mega stupidity that would put any teenager to shame, usually involving a jeep or 2 wheels :lol
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You can get 2 seaters that are def not sport cars, a smart car for one, and the older cars make a difference because if you bump a £1000 car it will probably get written off, where as if you have a nice new fiesta or similar, bump that it might cost £5000 to fix but not enough to wright it off, therefor costing more to the insurance company, also as mentioned in my earlier post a 2 seater can only have 1 passenger so only one injury claim also cheaper. As for transferring scooter no claims it probably depends on the company.
It's not damage to your car that's the problem, it's personal injury. You'd have to do a lot of damage for it to cost £5k to put right (even at insurance repair prices) but a 2mph bump at the lights could quite amount to £5k+ costs per person for "whiplash".
I think the best thing to do as a new driver is get something cheap as possible and insure it TPFT/TPO. Wait a year or two if possible.
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My lad is insured through Bell Ins who are part of Admiral, 19 years old no NCD, £1920 for a 03 1ltr Toyota Yaris, with a black box installed.
The price came down by around £600 when we added myself and the Mrs and came down again when we agreed to add the wife's car in March.
This was the best price we could get so we bit the bullet, the Black Box is there to see how he drive's, you can go to a web page tells you how he's doing and if he does well, sticks to the speed limit, you get money back up to a max of £400 after 6 month, he's doing well so far.
The down side to the box is that while he's trying to keep to the speed limit people are driving right up his back bumper, not a nice experience when your in your first few month of driving or at any time come to that.
I found the biggest influence on price is your post code, if we'd put my mum's code we'd have been another £250 better off.
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did the insurance compare with just me and the missus insured : £189
Added the daughter...........£1300
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Admiral are pretty expensive, when i was 18 with them, I was paying nigh on 2k/year for my little peugeot 206. But now I'm 21, I've stayed with them and I now have a 2l turbo diesel and am insured on it for £380, that's less than me on my Fazer!
They are expensive, but with me I found them to be very competitive with a few years no claims behind you. It may be worth looking at 'accelerated no claims' I had 4 years no claims after 3 years of driving; I got a years no claims every 8 months. It's slightly more expensive, but much cheaper in the long run I found. It just takes some explaining as to how I had 4 years no claims at the age of 20!