OK with the arrival of the dog, I'm thinking of buying a runaround, old ford fiesta type thing, £1500 knock about. Insurance... Whats the best way to approach this because my NCB will be against the Z, and without NCB on the knockabout its going to be silly money... is the likes of Admiral the only way with their multicar business?
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Buying a runaround - How to insure?
- Thread starter Maniac
- Start date
I'm not sure the lack of NCB will make a huge difference. I'm insuring my daily with 0 NCB came out at £410, versus £335 with 6 years NCB. Would be nice to have the £75 extra but hardly silly money imo.
The admiral multicar isn't always the cheapest as they don't offer any discount against cars which they match to their own single car offers on comparison sites (i.e. insuring two cars with Admiral through a comparison site, will be cheaper/ the same as going direct to admiral for a multi-car policy)
Seeing as Swiftcover came in cheaper for me for the daily admiral's best efforts weren't great even with 6 years NCB on both cars.
Basically what I'm saying is don't rule out the 0 NCB route.
The admiral multicar isn't always the cheapest as they don't offer any discount against cars which they match to their own single car offers on comparison sites (i.e. insuring two cars with Admiral through a comparison site, will be cheaper/ the same as going direct to admiral for a multi-car policy)
Seeing as Swiftcover came in cheaper for me for the daily admiral's best efforts weren't great even with 6 years NCB on both cars.
Basically what I'm saying is don't rule out the 0 NCB route.
Multicar policy, most big players (Direct Line, Aviva, Admiral) all offer it
My Z4 is insured with BMW. They also took over my Ford Focus runaround and offered "Mirrored No Claims" this is not the same as Admiral multicar. What I did was switch the Focus 8 years protected no claims to the Z4, BMW insurance then mirrored this no claims on the focus although it is unprotected for this year. At the end of the year I will have seperate 8 years no claims for the focus which can then be protected. BMW were slightly more expensive than Admiral on both cars, however they paid the cancellation fee from Hasting on the existing Focus policy so it all balanced out. Next year I'm free to insure them together or move one or both to another company or each to different ones both with 8 years (9 by then) no claims.
I maybe wrong here but I think one of the issue with Admiral multicar is all cars share the same no claims so one at fault accident (if not protected) and that no claims gone for both cars.
I maybe wrong here but I think one of the issue with Admiral multicar is all cars share the same no claims so one at fault accident (if not protected) and that no claims gone for both cars.
Direct line isn't a multicar like admiral- they do two seperate policies. Try admiral, we have multi car for the z and beetle cab, rang yesterday and to add the x5 I potentially will be getting only added 200 to the total policy! Currently 600 for the z and vw.
StevenH72 said:I'm not sure the lack of NCB will make a huge difference.
We're talking Manchester... everything here is stupid money. A 1.4 Fiesta 2004 is £800 a year without NCB. Stupid.
I'll try the multicar people and see what I get... Just tried Churchill, entered all the usual crap, and it gave me a quote on the Z not a million miles from the price I pay now... but nowhere to add in a second car! On a multicar quote page!?!
TitanTim said:See what your existing insurers says, they may do a discount for a second car insured with them as I have both Zeds with Adrian Flux.
Also if its a cheapie car would you want to insure it comprehensively?
Tim.
Bizzarely third party only insurance can sometime be more expensive than fully comp. See http://www.moneysupermarket.com/c/news/why-more-car-insurance-can-cost-less/0009690/ for a good explanation why.
Sometime the insurance market baffles me though, it's cheaper for me to ensure my cars with my wife as a named driver than just me on my own.
I transferred all the NCB from my existing Fiesta to the Z4 when I bought that and cancelled my old policy. I looked at multi-car policies against single policies and it never added up for me personally.
I then took out a 10mth policy with 0 NCB for the Fiesta through Elephant which wasn't much more expensive than with 9yrs NCB. Worth looking out for 10month policies as this allows you to build a NCB quicker on another car if you are in for the long haul... Just more food for thought...
I then took out a 10mth policy with 0 NCB for the Fiesta through Elephant which wasn't much more expensive than with 9yrs NCB. Worth looking out for 10month policies as this allows you to build a NCB quicker on another car if you are in for the long haul... Just more food for thought...
Sketchley said:TitanTim said:See what your existing insurers says, they may do a discount for a second car insured with them as I have both Zeds with Adrian Flux.
Also if its a cheapie car would you want to insure it comprehensively?
Tim.
Bizzarely third party only insurance can sometime be more expensive than fully comp. See http://www.moneysupermarket.com/c/news/why-more-car-insurance-can-cost-less/0009690/ for a good explanation why.
Sometime the insurance market baffles me though, it's cheaper for me to ensure my cars with my wife as a named driver than just me on my own.
Yeah that one has always confused me too... When my missus had two claims on her insurance it still made my insurance (with zero claims) cheaper...
:headbang:
Maniac said:I thought NCB was against the person and not the car? So you can have more than one NCB build up?
I thought that too, but according to Elephant you can do it... I suppose the same rules are applicable in that you have to notify in the event of an accident etc.
Maniac said:I thought NCB was against the person and not the car? So you can have more than one NCB build up?
I think it is against the policy and main driver. My wife had 9 years no claims, when I wanted multi-car with the Z they wouldn't insure me at first as I was coming from a company car with 0 NCB and they wanted 3 yrs NC to insure me on a 'performance car'. Put the Z on the existing policy with me as main driver, then had to start a new policy for the Honda, 0 NCB for the wife... First year was £1,200 !! Then £600 the next, and will hopefully be less this year... She will now also have 2 years NCB as main driver in the Honda. I think Direct Line will give you some kind of no claims credit for being a named driver on another car, but I'm not sure. To be honest this whole business confuses the hell out of me :dizzy:
I was seriously pissed when I realised it was still two policies, because it makes it harder to move - my assumption is that if I cancel one (not had to yet as they have been ok at renewal) then the other will get jacked in price as it is no longer multi-car.
I'm in the same position ...... I want to insure a winter beater this year ......so tried Go Compare for a quote on the Z ......£331 full comp, protected nc , then phoned Adrian Flux who offered to mirror my ncb and insure the Z for £281 but only tpft thus allowing me to put the beater on my existing policy with E Sure ( why would anyone want to insure a Z tfpt and insure a winter beater fc)
Sketchley said:Insurance makes not a lot of sense.
a brand new £45k Z4 costs £450 fully comp with european and legal cover but my 10 year old focus without europe or legal and worth sub £1k is £300.....
You can kill someone or damage third party goods just as easily in an old Focus as a brand new Zed.
The element of repairs to your own car is only a small part of the cost of the policy - look at how little fully comp is over thirda party F&T.
Experience shows the Focus is far more likely to be driven badly, crash, etc.
Simples really
I have my 5 series and the zed insured with Swiftcover. They give me the NCB for BOTH cars. So the Z costs me just £200.
Also worth stipulating the mileage - if you're only going to do, say £5k miles, this will bring the price down. One good thing I find with Swiftsure is that you can make adjustments to the policy cover on-line, to see what difference it makes, before committing - i.e. 'play around' with the cover to see the outcome.
Also worth stipulating the mileage - if you're only going to do, say £5k miles, this will bring the price down. One good thing I find with Swiftsure is that you can make adjustments to the policy cover on-line, to see what difference it makes, before committing - i.e. 'play around' with the cover to see the outcome.
cj10jeeper said:Sketchley said:Insurance makes not a lot of sense.
a brand new £45k Z4 costs £450 fully comp with european and legal cover but my 10 year old focus without europe or legal and worth sub £1k is £300.....
You can kill someone or damage third party goods just as easily in an old Focus as a brand new Zed.
The element of repairs to your own car is only a small part of the cost of the policy - look at how little fully comp is over thirda party F&T.
Experience shows the Focus is far more likely to be driven badly, crash, etc.
Simples really
Absolutely, as frustrating as insurance seems to be at the end of the day it's a free market where competition is rife. Insurers have a set risk matrix to set prices. Just because we may not be risk assessment practitioners and hence don't understand how insurance premiums work doesn't make them stupid/ irrational/ a rip-off/ illogical.
It's a f'ing con !
I'm in the same boat. In the process of getting a Suzuki Vitara.
I always thought the no claims was against the person but it seems that you can only use it against 1 car.
Insurance for me on a 1.6 Vitara is £550 (0 NCB). That's with Admiral who my Z4 policy is with too.
I'm in the same boat. In the process of getting a Suzuki Vitara.
I always thought the no claims was against the person but it seems that you can only use it against 1 car.
Insurance for me on a 1.6 Vitara is £550 (0 NCB). That's with Admiral who my Z4 policy is with too.
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