Car insurance

stephen.cal87 · Post by **stephen.cal87** » 01 Jan 2018, 21:43

Bit of a random one.

But since we drive royal mail vans, would they be classed as company cars excluding social? Im shopping around for my personal car insurance & adding the company car use onto in considerably reduces the premium. Just wondering has anyone used this before or have got cheaper car insurance through royal mail??? Cheers

doorstepped · Post by **doorstepped** » 01 Jan 2018, 22:35

yes, put that you have use of another vehicle and it's a company one.

Post by **wacko74** » 02 Jan 2018, 04:02

I always assumed that answering yes to the ''use of another vehicle'' question would actually increase your premium, wouldn't the insurance companies consider you a higher risk if you do high miles using multiple vehicles? Isn't it generally the case that anyone who has a driving occupation will face higher personal car insurance premiums?

doorstepped · Post by **doorstepped** » 02 Jan 2018, 17:08

no, because if a company wants you to drive their vehicles then they would make sure you are a decent enough driver before letting you do so.
( except in RM's case as any old numpty can drive the vans )

My daughter saw her insurance come down when she worked as an asda delivery driver.

Post by **TrueBlueTerrier** » 02 Jan 2018, 17:16

wacko74 wrote:I always assumed that answering yes to the ''use of another vehicle'' question would actually increase your premium, wouldn't the insurance companies consider you a higher risk if you do high miles using multiple vehicles? Isn't it generally the case that anyone who has a driving occupation will face higher personal car insurance premiums?

Actually, the reverse is true. The more you drive the more experience you gain and the less of a risk you become. Also if you have access to another vehicle that is not insured by them, that reduces their risk of you claiming.

Post by **wacko74** » 02 Jan 2018, 17:44

TrueBlueTerrier wrote:
wacko74 wrote:I always assumed that answering yes to the ''use of another vehicle'' question would actually increase your premium, wouldn't the insurance companies consider you a higher risk if you do high miles using multiple vehicles? Isn't it generally the case that anyone who has a driving occupation will face higher personal car insurance premiums?

Actually, the reverse is true. The more you drive the more experience you gain and the less of a risk you become. Also if you have access to another vehicle that is not insured by them, that reduces their risk of you claiming.

I agree with you that in theory the more you drive the less risk you should be, but insurance companies and the algorithms they use to calculate risk tend to be rather counterintuitive and contradictory (that's the polite way to describe them!) If the more you drive makes you a lower risk then how come limited mileage policies work out cheaper? And how come mobile DJ's and on call doctors are considered very high risk policy holders?

Post by **TrueBlueTerrier** » 02 Jan 2018, 18:07

Its not your overall risk they are looking at its the risk to the people insuring you.

The more you drive (overall) the more skill you gain, hopefully, therefore the less likelihood of making a claim. But if all the driving was under their insurance the greater the risk - in this case, its a balance issue.

However, if you are still driving, but not under their insurance, then there is less chance of you making a claim, but you still receive the benefit of the extra driving increasing your skills and lowering your risk.

On the reduced mileage insurance, again this is a balance of the fewer miles you drive the less chance of having an accident but the less your skill and experience will improve.

At a guess, mobile DJs are high risks because of the time of day they generally drive, at night, the risk potential is higher. For Doctors, its just down to them, historically as a profession having more accidents than average http://www.telegraph.co.uk/finance/pers ... rance.html" onclick="window.open(this.href);return false;

Janet Brum · Post by **Janet Brum** » 02 Jan 2018, 18:36

My car`s insurrance dropped from £600 + / year to £230/year after I declared that I`m driving a company car for bussines purposes.
And what others said previously is true and logic, it would decrease the premium.

stephen.cal87 · Post by **stephen.cal87** » 03 Jan 2018, 18:34

Cool thanks for everyone’s input! I just wasn’t sure if we could use Royal Mail driving for this purpose. It definitely reduced my quotes by a few 100 quid!

Celgar · Post by **Celgar** » 05 Jan 2018, 19:12

Be aware that if you have a blameworthy accident, or even one where it is not your fault, in a RM van the insurance company for your personal vehicle will be informed. Your personal insurance costs and NCB may/will be affected by the accident.

Redvannon · Post by **Redvannon** » 06 Mar 2018, 18:45

Celgar wrote:Be aware that if you have a blameworthy accident, or even one where it is not your fault, in a RM van the insurance company for your personal vehicle will be informed. Your personal insurance costs and NCB may/will be affected by the accident.

Your personal NCB wouldn't be affected surely? Granted you'd have to tell your personal insurance company you'd had a bump but the claim would go against the RM insurance. Plus RM don't know my personal numberplate or insurance company so they'd have a bit of a job telling them lol

Post by **fb1969** » 06 Mar 2018, 19:59

Your personal NCB wouldn't be affected because there but wouldn't be a claim against your policy.

But you are required to notify your insurance company of any accident/incident while driving and your premium could be increased as a result. Your NCB gives you a percentage discount against the initial premium, the premium can go up with discount staying at the same percentage - meaning you will pay more. Protected NCB is the same, you protect the percentage discount but not the premium.

All insurance claims and incidents are recorded on a central database, called CUE. Information about you could be added through your name/address/post code/NI number etc. If you don't tell your insurance company and they find something on CUE it can cause big problems for non-disclosure.

MissKazzyB · Post by **MissKazzyB** » 06 Mar 2018, 22:46

I didn’t realise that this would bring our premiums down on our own personal insurance :-))

Now I have this information, should I ring my insurance company & inform them that I drive a company car or shall I just wait for my renewal??

Janet Brum · Post by **Janet Brum** » 07 Mar 2018, 20:32

Better use gocompare and find wich insurrance company is the cheapest :)