Quote:
Originally Posted by RossDagley
Where'd you get that figure from? I had to work to get my insurance on my gti (group 13) DOWN to under £500. And thats with 5+ years NCB, and at the age of 30+.
Below is a 25 year old, good postcode (AL7), zero NCB, group 13 (106 gti) car valued at £2000, no mods, parked on driveway, no accidents or convictions, 12,000 miles a year, SDP+C policy, TPF&T, £250 excess. Paying annually.
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This is exactly my point. If you shopped around then you could have got that policy for £845 (25 year old, goodish group C postcode (AL7), 0 years NCB, group 13 (106 gti) car valued at £2000, no accidents or convictions, 12,000 miles a year, SDP+C policy, TPF&T, £250 excess. Paying annually.)
So, if as you say you have got your policy now for under £500 - thats a £300 difference to someone with 0 years NCD.
So you pay £300 extra now when you can afford it, which is better than paying £1000+ per year extra when your 17/18.
And for every year that goes by now, the difference will get smaller and smaller until you pay the same. Using basic maths you could work out that paying £300 extra in year 1, £250 extra year 2, £200 extra year 3, £150 year 4, £100 year 5, £50 year 6, £20 extra year 7, same £~ year 8+ = £1070 = the total amount extra you've been ripped off by.
Now in your own name, if you say that you have paid £1000 extra in year 1, £800 extra in year 2, £600 in year 3, £400 in year 4, £200 in year 5 = £3000 = the total amount extra you've been ripped off by.
As you can see, however you try and word it - paying more to insurance companies in your own name does not work out cheaper in the long run. At all.
As already said - if insurance companies where that concerned and voided every claim by named drivers, why wouldn't they just not allow them?
Still got to disagree on the word 'illegal'. Adding your self as a named driver when you are the 'main' driver may be dishonest but how can it be illegal when there is no definition of 'main'?
As I say - insurance companies can say what they like and try win a Civil case if they wish (which would cost thousands - possibly more than the claim its self.)
This is like saying if you drive with any defect on your car, such as no MOT, you will be also convicted of driving with no insurance because your policy will say in the small print that your vehicle must be kept in 'roadworthy condition' - the difference is the definition of 'roadworthy condition' is defined in the terms.