Comments on: Can you explain car insurance system in the UK, how it works? http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/ An Information Site About Buying a Car the Smart Way Fri, 11 Jun 2010 18:11:59 +0000 http://wordpress.org/?v=2.9 hourly 1 By: anne w http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-188 anne w Wed, 03 Mar 2010 18:03:45 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-188 I think they calculate the risk of your having an accident, in such a powerful car as near certain. They will have to pay for the 'third party' damage that you do in the process. By the way, it is illegal to drive a car under the pretence that it belongs to someone else ( your mum) and be a named driver when in reality you are the only, main driver. Just thought I'd add that. You could try upping the 'excess' to several thousand,[the amount you promise to pay of the total claim] but they may feel you would be unlikely to be able to meet that sort of commitment and so would be liable if they were unable to get you to pay that at the time of an accident and they would need to sue; expensive. I think they calculate the risk of your having an accident, in such a powerful car as near certain. They will have to pay for the ‘third party’ damage that you do in the process. By the way, it is illegal to drive a car under the pretence that it belongs to someone else ( your mum) and be a named driver when in reality you are the only, main driver. Just thought I’d add that.
You could try upping the ‘excess’ to several thousand,[the amount you promise to pay of the total claim] but they may feel you would be unlikely to be able to meet that sort of commitment and so would be liable if they were unable to get you to pay that at the time of an accident and they would need to sue; expensive.

]]> By: manxbiker http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-187 manxbiker Wed, 03 Mar 2010 16:27:25 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-187 it would help if she had a UK licence not just an EEC one to put it simply i would say that you are to big a risk for the insurance companies if you do manage to find an insurance it will be Very expensive and at a guess would probably cost more than the car is worth by law you need a minimum of third party insurance cover if you are not insured and get caught the car will be taken off you there and then you will have I think it is 14 days to get it back and that will cost a lot and you will need to prove you have insurance also you will have to go to court and will at the very least get points on your licence and a fine it would help if she had a UK licence not just an EEC one to put it simply i would say that you are to big a risk for the insurance companies if you do manage to find an insurance it will be Very expensive and at a guess would probably cost more than the car is worth by law you need a minimum of third party insurance cover if you are not insured and get caught the car will be taken off you there and then you will have I think it is 14 days to get it back and that will cost a lot and you will need to prove you have insurance also you will have to go to court and will at the very least get points on your licence and a fine

]]> By: LondonGuy http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-189 LondonGuy Wed, 03 Mar 2010 16:05:38 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-189 You are correct that 3rd party insurance will reduce any potential insurance payout because you would have to pay for your own repairs etc. But try looking at this from the insurance company's perspective - which is all about statistics. (a) New drivers of any description are significantly more likely to have an accident. (b) Younger male drivers – you – are even more likely to have an accident. (c) Why would you only want 3rd party risk for a car costing £15k? (d) The higher the engine cc, the faster it accelerates/goes and the more chance of an accident even with an experienced driver and (e) You can still injure someone else just as easily in a cheap or expensive car. But see point d - personal injury claims can cost significantly more than getting the other car repaired. Finally, think carefully about insuring the car in someone else's name if you will be the main driver. The insurance industry call this 'fronting' and they are very aware of it. If there's not a claim, they are happy to take your money and who cares? But make a claim and they will do all they can to evade a payout - this could be their perfect opportunity! You are correct that 3rd party insurance will reduce any potential insurance payout because you would have to pay for your own repairs etc. But try looking at this from the insurance company’s perspective – which is all about statistics. (a) New drivers of any description are significantly more likely to have an accident. (b) Younger male drivers – you – are even more likely to have an accident. (c) Why would you only want 3rd party risk for a car costing £15k? (d) The higher the engine cc, the faster it accelerates/goes and the more chance of an accident even with an experienced driver and (e) You can still injure someone else just as easily in a cheap or expensive car. But see point d – personal injury claims can cost significantly more than getting the other car repaired.

Finally, think carefully about insuring the car in someone else’s name if you will be the main driver. The insurance industry call this ‘fronting’ and they are very aware of it. If there’s not a claim, they are happy to take your money and who cares? But make a claim and they will do all they can to evade a payout – this could be their perfect opportunity!

]]> By: andy w http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-190 andy w Wed, 03 Mar 2010 10:22:50 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-190 Firstly, there are no (or very few) insurance companies in the UK who will insure a uk registered car to a non UK license holder. This is even less likely when they want a named driver who only has a provisional license and the car is worth 15k. It is all about risk and reward - there is way too much risk and unlikely to be much reward. It is not a case of new drivers not allowed to drive luxury cars - I know of quite a number who have have high powered or luxury cars but they are UK license holders and residents. Also they pay thousands for the insurance. Live with it. Buy a smaller car. It is just how it is. Firstly, there are no (or very few) insurance companies in the UK who will insure a uk registered car to a non UK license holder.
This is even less likely when they want a named driver who only has a provisional license and the car is worth 15k.

It is all about risk and reward – there is way too much risk and unlikely to be much reward.

It is not a case of new drivers not allowed to drive luxury cars – I know of quite a number who have have high powered or luxury cars but they are UK license holders and residents. Also they pay thousands for the insurance.

Live with it. Buy a smaller car. It is just how it is.

]]> By: sn0zb0z http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-185 sn0zb0z Wed, 03 Mar 2010 09:47:11 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-185 It is probably down to the fact you are a new driver and wanting to drive a 5 litre engine car. Most people don't drive more than 3 litre engine cars and after just passing their test most people drive 1.2 or 1.4 litre engine cars. As a provisional license holder it is a bad idea to start learning in such a powerful car. The fact it is only a provisonal would certainly make the price of insurance go up as well. There is nothing to stop you driving a big/luxury car, but I think you need to find one with a smaller engine. Surely a 5 litre engine is not needed. It is illegal to drive without insurance though It is probably down to the fact you are a new driver and wanting to drive a 5 litre engine car. Most people don’t drive more than 3 litre engine cars and after just passing their test most people drive 1.2 or 1.4 litre engine cars.

As a provisional license holder it is a bad idea to start learning in such a powerful car. The fact it is only a provisonal would certainly make the price of insurance go up as well.

There is nothing to stop you driving a big/luxury car, but I think you need to find one with a smaller engine. Surely a 5 litre engine is not needed.

It is illegal to drive without insurance though

]]> By: Shambles http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-186 Shambles Wed, 03 Mar 2010 09:42:20 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-186 You are a very inexperienced driver trying to insure a high performance car. Most insurance companies would not insure you because you are high risk. If any will, the chances are that the insurance is going to cost you as much as the car is worth or more. You are a very inexperienced driver trying to insure a high performance car. Most insurance companies would not insure you because you are high risk. If any will, the chances are that the insurance is going to cost you as much as the car is worth or more.

]]> By: Good Night Loving Trail http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/comment-page-1/#comment-191 Good Night Loving Trail Wed, 03 Mar 2010 08:55:48 +0000 http://carbuyingblueprint.com/77/car/can-you-explain-car-insurance-system-in-the-uk-how-it-works/#comment-191 You want help? Insurers who refuse you a cover are helping you already. Enough said. You want help? Insurers who refuse you a cover are helping you already. Enough said.

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