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Hi everyone I seem to have got myself in a pickle and I was wondering if anyone had some advice / recommendations. For the last 2 years, I've happily driven round in my 1985 Corolla with a commute of 8 miles a day. Come Mon 4th Jan, I've got a new job with a hefty 60 mile a day commute. Not practical to work the Corolla into the ground trying to perform this everyday and prob not safe either (motorway + no airbags = !). I want to keep the Corolla as I heart it and in the next few weeks, I'll be buying a workhorse diesel. I can't find insurance for the Corolla which isn't extortionate. I thought I'd easily be able to get it insured on the cheap as an additional car. The problem is that a lot of the classic car insurers won't touch it because it isn't parked in a garage overnight (in fact, it's parked on the street in a not too amazing area). I have no access to a garage or even a driveway (I can't even declare it SORN!) An additional problem is that as I have only ever been insured on one car since I've been driving (5 years) and have never been another named driver on someone elses car. Therefore, I have to take my 4 years NCB with me to the diesel hence the Corolla effectively being zero years NCB. Yikes. The cheapest I've found so far is £405 for the Corolla and then just a continuation of my current policy for the diesel (£290). However, £700 to insure two cars for a year which are worth £1500 between them seems excessively steep in my opinion. I'm in a bit of a catch 22. Any thoughts, suggestions, comments, opinions, recommendations? L PS My dad uttered the words "corolla" and "scrappage scheme" in the same sentence which led to me nearly putting the phone down on him. This car holds a massive amount of sentimental value for me. PPS If you are wondering how I already know all these prices, it's cos I prempted this situations by buying an old Rover for the first few months of the commute. Unfortunately, 6 weeks into owning it the fuel tank started leaking. I'm taking it to the breakers tomorrow.
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how old are you if you don't mind me asking? it goes down alot at 25.... I'm 22 and ive just payed 310quid fully comp, european cover too for my mk2 bready which is covered for commuting and everything, parked on the street... thats with zurich connect... seem to be realy good....
what year is the corolla? might have a major play on weather getting it insured as a classic or standard car is better....
ive asked alot of these questions recently so its all from what ive learnt realy.....
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Option one would be to get in in a garage, I know it's stating the obvious. If you are not using it daily that opens up the possibility of storing it a little distance away, maybe with friends, relatives or someone on here who is local?
If it's insured for fire and theft only, then the insurers main concern and hence loading should be theft (age and experience aside).I don't know what they cost but have you inquired about what the cost would be if you had an immobiliser fitted.If you plan to keep the car then it may pay for itself over time and give you peace of mind.Sorry I can't be more help.
Good luck
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You haven't said how old you are, but 2 cars parked on the road in a not too amazing area insured for £700 would be a situation a 22 year old man with a heavily modified Volvo and no NCB would be well chuffed with ;D
Have you looked at multicar policies? Or appropriately reducing the declared mileage for the Corolla since it's now a weekend car? Since it's now 25 years old you may also be able to put it on a classic insurance policy
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...proper medallion man chest wig motoring.
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Find a company that will mirror your no claims bonus onto the other car.
To be honest, if you are under 25 then those quotes don't seem too bad considering the amounts I see others paying on here? Unless you can get a garage for free then the extra rent for the garage will far outweigh any saving on your insurance. Sure it'll be nice to have it 'indoors' but will the additional cost (£360 a year if paying £30 a month) be worth if if the costs are already too much for you??
As well as finding someone who will mirror the no claims, make sure you list the Corrolla as a limited mileage (2,000, 3,000??) which should make things cheaper again.
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ChrisT
Club Retro Rides Member
Posts: 1,669
Club RR Member Number: 225
Member is Online
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Option one would be to get in in a garage, I know it's stating the obvious. If you are not using it daily that opens up the possibility of storing it a little distance away, maybe with friends, relatives or someone on here who is local? Agreed I'm guessing you live in town (no driveway or garage- I've got the same problem) - try the local council, see if they've got any garages to rent in the area. Didn't realize how many there were until I started looking and they were suprisingly quick about finding me one too. I'm only paying £6 a week for mine which is nothing. If it's garaged then at least you can sorn it if you feel like or even not insure it.
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Blimey - cheapest garage I could find around here was £45 per month (most are £50+!!)
£6 per month is a bargain and if you can get one for that....take it. Don't hesitate - bite their bloomin arm off!!!!!!
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we rent 2 council garages ...just over a £1 per day here
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91 golf g60, 89 golf 16v , 88 polo breadvan
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ChrisT
Club Retro Rides Member
Posts: 1,669
Club RR Member Number: 225
Member is Online
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£6 a week, not month - still well cheap at £24 a month though - was paying double that for a privately owned garage previously. bear in mind though that council garages are small (not much room to work on the car) and don't have power
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Last Edit: Jan 2, 2010 9:40:09 GMT by ChrisT
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Sorry - my bad! Need to read more carefully
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robg2
Part of things
Posts: 815
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To be honest I'd keep looking for classic policies for the Corolla. I really would have thought that you'd get something for less than £405. As mentioned, keep the costs down by making it very low limited mileage and possibly even consider third party only (without the F&T bit). As far as I'm aware, insurers don't really honour no claims bonuses when preparing quotes on classic policies, so don't worry if you receive a quote stating 0 years NCB - there's more to it than that.
For something you have strong emotional attachment to, a classic policy is a good way forward anyway, as a conventional policy will consider an 85 Corolla to be skip fodder worth scrap value only. Classic policies offer things such as agreed value and salvage buy-back option.
You could also think about getting a trade policy - you don't have to be a full time trader. Just keep some evidence of cars and bits you've bought and sold.
Keep at it though!
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This is the thing that is somewhat frustrating me ---> I'm a 28 year old woman with 4 years no claims, taking me (well, I would have thought so) out of the 'risky driver to insure' category.
I should have said that I've already looked into getting a garage as the first option. I've been on the council waiting list for 2 months now and not a sniff. I've also posted a few ads locally for a private garage rental and not a sniff there either.
I've stated to all the insurance companies that the Corolla would only do about 2000 miles a year. I've also tried multi-car policies but because I've only ever been the named driver on a single car, they are classing me as zero years for the Corolla and 4 years for the diesel. The only thing I hadn't thought of is finding a policy which would mirror my no claims on a second car - I'll get onto that one.
I want it on a classic insurance policy really, as robg2 said: on a conventional policy they'll just consider it skip fodder.
Thanks for all your suggestions.
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Move to Australia, car insurance here is much cheaper! No? Okay then, I'm out of ideas.
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will
Posted a lot
Posts: 4,023
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Companys love to quote high but also want your business. MM said try to get them to mirror accross your bonus/good driving record which I did not know was an option till my last renewal. Also dare I say it, lie not in a big way that will leave you uninsured but play them off against each other. i.e so and so said they would do it for x. They often ask if you have had quotes, get in there and give them a low one to see if they can beat it
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I pay 20 a month for my nice dry garage that the glf is in,rent it off an old boy who has given up drivin and on top of that he checks it twice a week for me lol,not really necessary as the garage is attached to his house but kind of him all the same. as for my insurance i told them it was off the road at said adress in secure garage and to just leave it as it is so i can get it out any time i want,they were happy with that. its on a classic car policy tho,300 a year fully comp
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1984 Subaru GLF Hatch 1983 Skoda 120LE Super estelle 1977 Subaru DL Wagon 1978 Datsun 120Y Coupe 1995 Skoda favorit estate
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tofufi
South West
Posts: 1,458
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I'm amazed you're getting such high quotes. Which companies have you tried?
I'm 21, male and insured (edit: fully comp) on a modified 3500 V8 for around the £500 mark.
You've got many advantages over me for insurance and still getting silly prices.
Have you tried Footman James, Adrian Flux, Lancaster, Peter Best, etc etc?
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Last Edit: Jan 2, 2010 12:40:53 GMT by tofufi
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You could just tell your insurers it is garaged. However, if it then gets robbed off the street one night, you wont be covered, you would have to deal with that risk yourself with assorted anti-theft measures.
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1974 Lancia Beta Saloon 1975 Mazda 929 Coupé 1986 Mazda 929 Wagon 1979 Mazda 929 Hardtop 1982 Fiat Argenta 2.0 iniezione elettronica 1977 Toyota Carina TA14 1989 Subaru 1800 Wagon 1982 Hyundai Pony 1200TL 2-dr 1985 Hyundai Pony 1200 GL 1986 Maserati 425 Biturbo 1992 Rover 214 SEi 5-dr 2000 Rover 45 V6 Club 1994 Peugeot 205 'Junior' Diesel 1988 Volvo 760 Turbodiesel Saloon 1992 Talbot Express Autosleeper Rambler 2003 Renault Laguna SPEARS OR REAPERS
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Anything less that a tenner a week round here is cheap...... if you're offered anything for less I'd say you can't go wrong.... especially if there is room to work in there too.
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'71 Arrocuda.... '71 Sunbeam Rapier Turbo (The Grim Rapier).... '63 Hymek D7076..... Audi GT5S
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tofufi - I'm amazed too. That's why I thought I'd post on here and see if anyone had any ideas. Footman James & Peter Best both won't insure without a garage. Adrian Flux and Lancaster came in HIGHER than £405. I think it's prob to do with the semi-dodgy area I live in. I thought about lying about the garage situation. But won't there be comeback on that apart from if it was robbed off the street and I never reported it? Like say I was in a prang and needed to pay out for the other car, will some loss adjuster come sniffing round? "Oh, look, no garage" = FRAUDULENT claim reported to police?
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I wouldn't like to fib about things to the insurance, to be honest. It might wash if you do actually have a garage but don't park in it nightly, but even then I'd expect an insurance company to go over everything in the event of a claim and find any excuse not to pay out. Ain't worth the risk in my opinion. I suppose the garage stipulation is because of the area - I've been able to get insured without parking it in garage but I do pay more because of that. I don't live in a particularly great area, it's just average I suppose. Certainly my insurance went right up when I moved out of the sticks. I've heard good things about Peter James insurance, although I've not tried them yet. I intend to give them a call when my renewal comes up.
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Last Edit: Jan 2, 2010 17:51:53 GMT by BenzBoy
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