Insurance amount (your profession and the worth of a car)

tomasireland91

Hi there,

I am Thomas, I am 30. I will have my first driving license ever next year. I am thinking of buying a cheap car, maximum £1000. I did an online quote with Liberty, it offered £2550...
That moment I started to think of getting a 50cc moped instead but then I found that forum and registered with boards ie.

I tried 123 insurance and they quoted me only £1240. Did Anyone of you (first time drivers only) got anything less than £1000. Possible or not?


Now the questions in the title - how does your profession matter, I cannot figure that out... Do they require proof of your employment? How about proof of address? Can you lie about where you work or where you live to get cheaper insurance?

Personally I live in terraced house, so I have only small carpark in front. Then I work 10km away from home so I would probably had to 'admit' that I have to do at least 20km a day... Is there any way round that? Tell them that you are unemployed and you just want to use your car to visit friends or do the shopping, something like this?

Then the value of a car, how they can really verify that? Will they do their own assesment? And is the value the price that I paid for it? I said I dont want to go higher than £1000.

The car that I put for free quote was some Nissan Micra 2004 from Donedeal . ie
I see that Micra is one of those small and cheap cars you can get. What other models I should look for?

Is being the named driver of someones car will help me? Or will having a named driver on my police help (once I get my own car)? I will not have a license until March 2022 or later. Have at least 9 months.

I wish the insurer could go lower than those £1200. Is it possible?

Sam W

They would not ask for any proof when you pay for your insurance. However, they can carry out an audit at any time during the policy period, in which they will ask you for proof of anything that you declared. I was audited twice in the last 10 years.

It would be extremely dangerous and irresponsible to lie about where you live, your profession and your driving distance. This is your first ever insurance. If for whatever reason you need to use your insurance, they will find out whether you have lied about anything, and you risk getting your insurance cancelled, and that would have a long lasting effect on your driving life for the foreseeable future.

My missus had her first licence last year and was quoted 2100 euro for a new CLA200 from Liberty. This is the cheapest she could get and the only alternative was Allianz with 2400 euro. Most others don’t want to insure a new decent car for a new driver. There is no way around it.

If you are young enough, there are a few insurers who have young driver insurances, who require a monitoring device to be installed or an app being activated every time you drive. My first 2 years were with BoxyMo and I think my first year for a 20k car was about 1000 euro, which isn’t that bad.

JustAThought

Hi Thomas. When you say you will have your first ever drivers license next year do you mean a full one, or a provisional?

Insurance is even more expensive if you (only) have a provisional.

Irish car insurance has been an expensive bag of poison for decades - no-one will take them on.

To answer - if you say your car will be used mostly for social and recreational and to and from work : this is the norm & you shouldn’t be peanilised for it. 20k to and from work isn’t too bad - some people do serious mileage for a commute but yours sounds pretty standard.

When asked Your car will be parked outside your house. Its more expensive if its just on a busy public road or down the road somewhere out of sight at someone elses house. Keep to this.

Some professions are weighed - there is no official list. If you drive for a living ( eg salesman) or keep product in your car it will add to your bill. Some nocturnal professions are deemed riskier & priced higher - eg DJ.

IF you crash or have a claim this is where they will catch you and screw you over of you lied. They will say your insurance was invalid & refuse to pay out. So driving as a ‘learner’ on a provisional license with no competent driver ‘in charge’ will invalidate your policy. Expensive & not fun & long term consequences if criminal conviction.

There is a book rate for value of cars. Another scandal. They will refuse to pay out more than their ‘book rate’ if the car is written off - bit will point blank refuse to tell you what this is. They ask you the value of your car. And if you say a high price your premium is higher but they won’t then honour that if they come to crash evaluate it & decide its worth less to scrap it than to pay for it to be fixed

First world problems !! ˜—

tomasireland91

Sam W wrote: »

If you are young enough, there are a few insurers who have young driver insurances,

MAybe I made mistake with that £1260 quote from 123 because I have chosen young driver option. Maybe it was for under 25. I am 31 next year...

tomasireland91

JustAThought wrote: »

Some nocturnal professions are deemed riskier & priced higher - eg DJ.

Thats why I shouldnt tell them that I finish my shift at 2:00 morning...

con747

tomasireland91 wrote: »

Thats why I shouldnt tell them that I finish my shift at 2:00 morning...

You lie, your policy is invalid and you will not be covered in the event of an accident. Tell the truth and do what the rest of us do and pay your insurance based on that. Get plenty of quotes and see if having a full licence holder as a named driver brings the cost down.

punisher5112

Ok hold on are you in UK or Ireland market????

Ireland is euro so €1200 or whatever...

You are best getting your full licence before trying to get insurance on a learner permit.
If you have a foreign licence toy would swap this for Irish if possible.

In Ireland to her the best rate possible you would want to get a named driver on such as a dad or mum with a full licence, a car under 10 years old, worth over €5k and so on.....
Also what will help is the likes of boxymo as they track your speed on GPS so tend to have lower premium.

Don't lie, they will find out if needs be....

The older a car in near 100% cases this means higher premiums, say where you live and our usage at low if only doi for. low mileage....

tomasireland91

punisher5112 wrote: »

Ok hold on are you in UK or Ireland market????

Ireland is euro so €1200 or whatever...

Now I wish I could find Euros sign on my keyboard... I do live in Ireland

punisher5112 wrote: »

You are best getting your full licence before trying to get insurance on a learner permit.

I never said that I am buying a car before getting full license. Thats why I said its gonna be 2022 already.

punisher5112 wrote: »

a car under 10 years old, worth over €5k and so on.....

I said £1000 maximum. What is the point of paying another £4000. Even if you get £500 cheaper insurance a year, then £4000 by 500 is 8... 8 years (assuming amount doesnt change) to get the input back. The math cannot lie.

Atlantic Dawn

Some basic insurance points:
Unemployed will be one of the highest risk ratings. Profession matters for risk, if you are an office worker doing 9-5 you will generally be less risk than a pub/hospitality worker doing mad late hours.
Each NCT the mileage is recorded so if you are saying you only do 3k a year they will know.
At your age if you can get a quote below €2k jump at it.
Any lies which are found out will invalidate the policy and insurer likely to chase you for any claims.

Henry Ford III

tomasireland91 wrote: »

Thats why I shouldnt tell them that I finish my shift at 2:00 morning...

You are obliged to tell the truth in any insurance proposal.

If you don't and omit something "material" it might invalidate your cover.

paul71

tomasireland91 wrote: »

Now I wish I could find Euros sign on my keyboard... I do live in Ireland



I never said that I am buying a car before getting full license. Thats why I said its gonna be 2022 already.



I said £1000 maximum. What is the point of paying another £4000. Even if you get £500 cheaper insurance a year, then £4000 by 500 is 8... 8 years (assuming amount doesnt change) to get the input back. The math cannot lie.

€ = ctrl alt 4

punisher5112

tomasireland91 wrote: »

Now I wish I could find Euros sign on my keyboard... I do live in Ireland



I never said that I am buying a car before getting full license. Thats why I said its gonna be 2022 already.



I said £1000 maximum. What is the point of paying another £4000. Even if you get £500 cheaper insurance a year, then £4000 by 500 is 8... 8 years (assuming amount doesnt change) to get the input back. The math cannot lie.

Chillax.....

Say you buy a fiesta or whatever, enter the value at €5k or above, this can sometimes bring the premium down, obviously the car could only be worth €1500 say, so what happens is if you claim you would only get what the market value is, not your value that is way too high....
Do you get me now???

tomasireland91

I just called 123 insurance. They agreed I can use 123go and black box although I am 30. The cover for 2007 small car would be £1260 if bought online (after 10% discount). Cannot be older than 2007.