Car insurance loopholes?

Question

What are the loopholes for lowering your car insurance? Ie. will putting the car in my parents name lower the insurance? Adding someone else on? Lowering the estimated value? etc.

Answer 1

Some companies give no-claims discount to named drivers, but you must 'sell' it to your folks - but they will have to declare the car is -USUALLY- kept at their house/driveway/garage.

Answer 2

Reduced mileage per annum.

Garaged at night.

Alarm/Immobiliser

No legal protection.

Exclude use for commuting.

You could try to negotiate so that use after midnight is forbidden,

Have a larger excess.

Have an additional mature driver named on the policy.

Answer 3

For young drivers, insuring the car in the parents name and being a named driver on the policy is one way of reducing the premium. However, you will not build up a No Claims Discount in your own name.

Lowering the estimated value would be fraud.

Answer 4

TRIED AND TESTED!

PUT AN MUM OR A DAD AS 2ND AND 3RD DRIVERS

SAY U DO 6K MILE YEAR OR LESS

SAY JUST PLEARSER

Answer 5

it is illegal to put someone else down as the main driver and owner if they are not so please dont go down that route as the insurers and cracking down on it and you could end up either in trouble or with invalid insurance.

  age, mileage, where the car is kept and the type of car all lower the premiums.

look around and get lots of quotes but make sure you are comparing like for like ie that if one has a £200  excess so does the other one etc.

Answer 6

If you put it in the name of someone with more than 5 years no claims, then add yourself as an additional driver it should be cheaper - but you wont build up any no claims.

Answer 7

usage,annual mileage,amount you payed for it,parked on or of road at night,etc

Answer 8

Lying to an insurance company is Fraud and is punishable by a prison sentence, so be careful before you tell your insurance company about these "loopholes".