I just saved £500 on my car insurance

Before becoming an owner I ran some quick quotes to get a feel for the insurance cost. Average prices came back at around £500 (32yr old male, no convictions, etc). OK I thought, and got to work saving my pocket money.

Fast forward to January 2018 I'm days away from picking up my Mustang GT so I pull up the comparison sites again to get my insurance sorted, only to find that I was using my 10+ years no claims bonus on those original quotes, which are already in use on the family car. Without them, the best I could get was about £800 from Admiral.

I spent all morning on the phone to Adrian Flux, A Plan, Sky Insurance and none of them could get below £1000.

Tried adding it as an extra car to my current family car insurance policy... £900.
Then I randomly gave Admiral Multi-Car a try, to see if it would be worth cancelling and switching the family car policy mid-term...

£320 for the Mustang (including mods!), plus £80 to cover my family car from when the current policy expires in Sept through to Jan 2019, then they'll both renew together.

The price drop from £800ish to £320 was brill, but not even having to cancel my current family car policy was a bonus. I guess I now just have to hope the renewal price is competitive come January 2019!
Thought I'd share my story in case anyone else is in a similar situation. I'm pretty happy with the result

I had a multicar policy with admiral, until I told them to stick it last year...

They’re the only insurance Co that will load your policy for attending a speed awareness course:shrug:

I can't say enough good things about Admiral multi car.

I'm paying around £600 for My Mustang + almost £300 for my Fiesta. I'm 30, not as many years no claims - accident within the last 3 years (Oct 15).

I wouldn't be worried about next year - spend a little time on comparison websites, bend the truth a little to your advantage & challenge them to beat your best quote - they pretty much always come up better than I expect.

Worth noting - the next nearest quote I got for the Mustang was around £300 more, and I did a lot of searching!

So the question for you is - what are you spending your £500 on???

Enoch said:

I had a multicar policy with admiral, until I told them to stick it last year...

They’re the only insurance Co that will load your policy for attending a speed awareness course:shrug:

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I did see that checkbox right at the end and thought it was a bit unusual. I’ll have to be on my best behaviour this year! Hopefully 1 year NCB on the Mustang will make all the difference for renewal options come January 2019

Kristian87 said:

So the question for you is - what are you spending your £500 on???

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I like your thinking!

Probably £500 worth of fuel for when I finally collect it next week

The whole insurance industry is a joke tbh...

What difference what no claims you have on what vehicle i can never understand..! If you have driven for 20 years say, and had no claims then thats that ! no.......!

It makes even more nonsense when u own a classic stang or a hot rod, and they dont even bother asking on those policies...

Then u change yr car and u are back to square one...Its Bollox.!

It costs me more to insure my dog, than a brand new £41k Mustang !!::shrug::frusty::headbonk:

Try topcashback ...

You can get back £90 at the moment... with AVIVA too..!!

If you havent looked at that...where have u been ??
Its free to join...I have saved £600 in the last couple of years..!

https://www.topcashback.co.uk/ref/snaponpete

I was on admiral multi car while the mustang was stock and they weee super competitive. However I found them unfriendly to modifications and unwilling to cover some mods at any price sadly. What have you got listed on your policy?

v8hgt said:

I was on admiral multi car while the mustang was stock and they weee super competitive. However I found them unfriendly to modifications and unwilling to cover some mods at any price sadly. What have you got listed on your policy?

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Exhaust system (cosmetic), lowered suspension <5cm & alloy wheels, all picked from their list of options. Dash cam was on the list too, which knocked a few quid off. I decided to just stick them all on from the start to save me the admin fee later. It will also give me an excuse to get on with them!

£500 on mods then !

When it comes to renewal time, they will ramp the price up....

Wobs said:

When it comes to renewal time, they will ramp the price up....

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and then you fuck off elsewhere, and come back the year after when they've stopped wanting repeat business.

Insurance seems to be a case of catching someone for a year, than locking them in for life, which is odd, but must work as they're swimming in cash. :lol:

Worth remembering, you can split your no claims across 2 policies/vehicles. Often the biggest discount comes with the first few years. So if, for example, you had 10 years NCD, try putting 5 on each policy/vehicle. While one policy will inevitably go up, the savings on the other policy may be greater than the increase.

Whole thing is a scam though. In my view, if you have 2 cars on one policy, you should only pay the price of the most expensive vehicle (plus maybe a reasonable admin fee) as you can only drive one vehicle at once. Same goes for road tax - I'd pay that by the mile any day of the week.

jord79 said:

Worth remembering, you can split your no claims across 2 policies/vehicles. Often the biggest discount comes with the first few years. So if, for example, you had 10 years NCD, try putting 5 on each policy/vehicle. While one policy will inevitably go up, the savings on the other policy may be greater than the increase.

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I did not know this. They keep that quiet!

jord79 said:

Whole thing is a scam though. In my view, if you have 2 cars on one policy, you should only pay the price of the most expensive vehicle (plus maybe a reasonable admin fee) as you can only drive one vehicle at once. Same goes for road tax - I'd pay that by the mile any day of the week.

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Your other car could be getting nicked while you're out in the first one though. Or your wife/kids could be doing what they do in it.

jord79 said:

Worth remembering, you can split your no claims across 2 policies/vehicles. Often the biggest discount comes with the first few years. So if, for example, you had 10 years NCD, try putting 5 on each policy/vehicle. While one policy will inevitably go up, the savings on the other policy may be greater than the increase.

Whole thing is a scam though. In my view, if you have 2 cars on one policy, you should only pay the price of the most expensive vehicle (plus maybe a reasonable admin fee) as you can only drive one vehicle at once. Same goes for road tax - I'd pay that by the mile any day of the week.

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You have just jogged my memory. Admiral did exactly this for me. I had 4 years ncb on my fiesta but only 2 on the mustang, they swapped it over to bring the quote down which worked, obviously I wasn’t going to question their methods!

Need to get through to someone who knows what they are doing though...some agents are not as helpful as others, but more often than not, I found that they go out of their way to get the best premium for me.