Van's private tax and insurance?

Trd lad

Well people, I'm 17 years old and I have 6 driving lessons done still on the provisional and I naught a 1.3 xli corolla for going to work at the weekends and that but getting ridiculous quotes of 5/6 grand on insurance I wanted to know if I got a van 1.9 berlingo or a 1.4 206 and tried to tax and insure it privately would it be cheap to insure as it has only 2 seats and would only be used for going to work school and going shooting on a Sunday? All help is muchly appreciated thanks

Cass

Your age, lack of experience, and then the size of the engine will be key factors. Value will be the next thing.

IOW no matter what you buy you are going to pay a high price for your insurance. Having a two seater van is not going to help. It also raises issues of carrying anyone in the back (this will void your policy and is illegal). I paid £2,500 for my first policy when i was 17 (20 years ago). Each year it got less, but it took till i was 26 or 27 until i noticed a significant drop. By then i had full no claims bonus, no accidents, etc.

It takes time to build up this so be patient. One piece of advice. Be careful about companies offering really cheap insurance. I have my fair share of these when i was going through it. One company offered me insurance for £650. Great i thought until i seen the excess was £7,500. Meaning i pay the first £7,500 in the event of an accident. I'd have been better off with no insurance and just get a loan if i had an accident (joking).

guil

Cass wrote: »

Your age, lack of experience, and then the size of the engine will be key factors. Value will be the next thing.

IOW no matter what you buy you are going to pay a high price for your insurance. Having a two seater van is not going to help. It also raises issues of carrying anyone in the back (this will void your policy and is illegal). I paid £2,500 for my first policy when i was 17 (20 years ago). Each year it got less, but it took till i was 26 or 27 until i noticed a significant drop. By then i had full no claims bonus, no accidents, etc.

It takes time to build up this so be patient. One piece of advice. Be careful about companies offering really cheap insurance. I have my fair share of these when i was going through it. One company offered me insurance for £650. Great i thought until i seen the excess was £7,500. Meaning i pay the first £7,500 in the event of an accident. I'd have been better off with no insurance and just get a loan if i had an accident (joking).

Could be wrong but I'm nearly sure an excess is only payable on claims made by you, ie. Fully comp claims?

Cass

Really? Never had to find out, but when i first started driving i was advised not to be fooled into the cheap policies with huge excesses.

I suppose the OP could go for third party only, but the most basic of cover just for the sake of a disc on your window is not real protection. Also i cannot see it being magically cheap. IOW he'll pay for insurance no matter the cover simply because of his age, driver's license status, etc.

guil

Yeah any mention of excess only mentions claims you make.

goz83

Trd lad wrote: »

Well people, I'm 17 years old and I have 6 driving lessons done still on the provisional and I naught a 1.3 xli corolla for going to work at the weekends and that but getting ridiculous quotes of 5/6 grand on insurance I wanted to know if I got a van 1.9 berlingo or a 1.4 206 and tried to tax and insure it privately would it be cheap to insure as it has only 2 seats and would only be used for going to work school and going shooting on a Sunday? All help is muchly appreciated thanks

If you only have a learner permit, you can't drive unless you have a fully licensed driver to accompany you. Plenty of people seem to disregard this law, but it's certainly worth thinking about. Get the full license and take the plunge. Your insurance will be high, no matter what. To help keep it lower, keep the engine size at 1.4, or lower and try get something younger than 10 years old. Stay away from boy racer cars and anything "sporty", or modified. Something like a polo, or astra should be ok. My insurance was €4,700 in 2003. I was 19 and had a provisional. It dropped to €2,700 the next year and kept going down each year for several years.

goz83

guil wrote: »

Yeah any mention of excess only mentions claims you make.

XS are out of the market now. I don't know any other insurers or brokers offering cheap quotes with massive excesses. And yes, the excess is only on claims the policy holder makes. A third party claim requires no excess payment.

To Elland Back

guil wrote: »

Could be wrong but I'm nearly sure an excess is only payable on claims made by you, ie. Fully comp claims?

You can have a 3rd party excess. The 3rd party gets paid in full but they recover that amount from you. Totally impracticable and not available with the majority of insurers

godtabh

To Elland Back wrote: »

You can have a 3rd party excess. The 3rd party gets paid in full but they recover that amount from you. Totally impracticable and not available with the majority of insurers

What's the point of insurance then?

The excess is to deter regular and/or 'fake' policy holder claims. Third party claims are totally different

Shemale

godtabh wrote: »

What's the point of insurance then?

The excess is to deter regular and/or 'fake' policy holder claims. Third party claims are totally different

The excess is to ensure you are not wreckless, it generally is only an issue if you crash and safer drivers dont.

Agree to be wary of large all section excesses, its very harsh on fire/theft but in all other claims only you and the people you let drive your car/ van are responsible.

My advice would be if the increased excess is Accidental Damage and Third Party & Third Party Property Damage take it for a lower premium if you are a good driver.

My advice would be get quotes with and without a large excess, calculate the difference abd compare it to the increased excess.

Say you get a quote of €1000 with €5000 excess and quote of €3500 with €500 excess if you are confident you can go 2 1/2 years without a claim then the low premium is the way to go. Each year shop around to see if you can get lower premiums and excesses.

I cant believe still trot out what us the point of insurance, the largest part of the premium is the compulsory third party cover. On private motor insurances companies can pay up to €30,000,000 for third party property damage (hitting a building, bridge etc) there is no limit on what they can pay when a person gets seriously injured, if you didnt pay insurance and were liable for a serious injury to someone you would be working for the rest of your life for free to pay the claim

Your average premium on a 5 year claims free policy is about €450 and I have seen injury claims settled for €10,000,000, for this claim alone they need at least 28,000 policyholders not to have any claims, throw in all the more minor injury claims, average whiplash claim €10,000 and all the damage to cars in crashes, thefts and windscreens and you see the point.

To Elland Back

godtabh wrote: »

What's the point of insurance then?

The excess is to deter regular and/or 'fake' policy holder claims. Third party claims are totally different

Everyone thinks they are a good driver. This way you put your money where your mouth is. Personally, I couldn't risk taking a high excess.

corktina

safer drivers don't crash? what if an unsafe one forces them to crash?

Shemale

corktina wrote: »

safer drivers don't crash? what if an unsafe one forces them to crash?

If they are forced to crash its not their fault, there doesn't need to be impact for it to be your fault

Trd lad

Thanks for the advice but can someone just tell me can you tax and insure a van like a berlingo or caddy privately as it will only be used for hunting and fishing not commercially?

corktina

Shemale wrote: »

If they are forced to crash its not their fault, there doesn't need to be impact for it to be your fault

regrettably, unless you can prove it was another car made you crash (which is near impossible) you'll be claiming on your own policy

Shemale

Trd lad wrote: »

Thanks for the advice but can someone just tell me can you tax and insure a van like a berlingo or caddy privately as it will only be used for hunting and fishing not commercially?

A van has to be taxed as a commercial vehicle, in relation to the insurance your primary occupation would have to be one where the norm would be that you use a van, being an individual isn't the issue. If you work in an office, shop etc then you will really struggle even though you say it's for hunting and fishing you probably wont be able to.

My advice would be try to get quotes before buying, you don't want to buy a van and not be able to insure it.

Shemale

corktina wrote: »

regrettably, unless you can prove it was another car made you crash (which is near impossible) you'll be claiming on your own policy

I don't know many people who would see someone getting forced off the road or into another car and wouldn't at least give a phone number to the driver.

There is also the MIB which deal with claims where the third party who cause cannot be identified/ traced or is uninsured, you could put a Comp claim in and wait for the MIB or you can wait for the MIB to pay which could be a few years.

corktina

not so. You have to have the identity of the other car/driver to claim from MIB and in the case I quote, it wasn't involved in an accident at all. It's still a claim n your own policy

Shemale

corktina wrote: »

safer drivers don't crash? what if an unsafe one forces them to crash?

corktina wrote: »

regrettably, unless you can prove it was another car made you crash (which is near impossible) you'll be claiming on your own policy

corktina wrote: »

not so. You have to have the identity of the other car/driver to claim from MIB and in the case I quote, it wasn't involved in an accident at all. It's still a claim n your own policy

None of this makes sense.

I have worked as an insurance broker including claims for 14 years, insurance underwriter for 3 years, a claims auditor(auditing brokers) for 2 years and a reinsurance underwriter for 2 years.

I suggest you read this instead of misinforming people about facts and contradicting someone with bags of experience and knowledge who is trying to help people with their queries:

http://www.mibi.ie/index.php?id=uninsured-unidentifi

I won't be responding to anymore of your posts as it is clear you are here to have an argument even though you clearly don't understand the subject.

To Elland Back

For property damage only claims, you have to be able to identify the 3rd party who caused the damage as being uninsured to involve the MIBI

Henry Ford III

To Elland Back wrote: »

For property damage only claims, you have to be able to identify the 3rd party who caused the damage as being uninsured to involve the MIBI

This.

I was the victim of a hit and run a few years ago. Managed to see and record the reg. number of the offending car.

My comp. cover paid for the repair, but we were able to recover the costs through MIBI.

corktina

thanks for that fellers, and In the case of a no damage accident (ie if you go off the road allegedly due to someone crossing your path, you would have no claim at all on the MIBI and a lot of difficulty claiming fro the driver of another car. It's one reason why you have insurance yourself.

Anyway that's way off topic.

Shemale

To Elland Back wrote: »

For property damage only claims, you have to be able to identify the 3rd party who caused the damage as being uninsured to involve the MIBI

I am not sure how posters here still don't get this, as I stated and as per the link I posted above if it was too much hassle to click, their website states:

MIBI compensates victims who have been involved in an accident caused by uninsured or unidentified vehicles.

Henry Ford III wrote: »

This.

I was the victim of a hit and run a few years ago. Managed to see and record the reg. number of the offending car.

Irrelevant as you would have got paid by MIBI reg or not. I am glad your policy wasn't affected.

Quite a number of my clients over the years have had claims paid by MIBI in cases where they have been parked on a road / in car park and they come out to find their vehicles damaged.

Like in Henrys case if the damage is sizeable I would recommend comp first as you could be two years waiting for MIBI to pay out.

To Elland Back

Seriously Shemale. Read your own link regarding property damage only claims, there's a good lad

Where the offending vehicle is not identified there is no provision in the 1988 or the 2004 MIBI Agreements to recover losses for vehicle or property damage.

To Elland Back

Shemale wrote: »

Quite a number of my clients over the years have had claims paid by MIBI in cases where they have been parked on a road / in car park and they come out to find their vehicles damaged.
.

I don't think that happened,. Like I say, you have to identify the wrongdoer as being uninsured. Otherwise we would all be queuing up for the dings and scrapes that happen in car parks, let alone the stuff we do to our on cars ourselves. You could say it was a hit and run rather that put it through your own insurance