Advanced Drivers

S

S1ght

Expert Member
Joined
Jan 23, 2006
Messages
3,301
Reaction score
27
Location
Berlin
Hey forum,

So with the whole financing a new vehicle I obviously had to look at insurance but a number of factors mean my premium is going to rape me at this point in life, namely:

- My license will only be 5 years old in September
- I'm under the age of 25
- I have never had insurance for a car so therefore 0 years of claim

So now I'm looking at any options to help me out here. So my first idea is to get my advanced drivers license, does anyone know if this is worthwhile to lower my premium? Cause as it stands, the lowest premium they could quote me was R1600 a month :/

Thanks in advance,
S1ght
 
I did the Advanced driving courses at Killarney, and I suppose it does help lower it, but not by much.

What does lower the cost is having a paid off car - no idea why.
Being over 25.
Keeping your car in a locked garage at night.
Your area.

I'm over 25, and pay R413 a month for a car valued at R200 000 at Mutual and Federal.
I claimed twice in the last 3 years, once for R18000 and once for R9000.

Outsurance wanted me to pay R743 a month.

Shopping around for better quotes is a good idea.
 
alf101 said:
I did the Advanced driving courses at Killarney, and I suppose it does help lower it, but not by much.

What does lower the cost is having a paid off car - no idea why.
Being over 25.
Keeping your car in a locked garage at night.
Your area.

I'm over 25, and pay R413 a month for a car valued at R200 000 at Mutual and Federal.
I claimed twice in the last 3 years, once for R18000 and once for R9000.

Outsurance wanted me to pay R743 a month.

Shopping around for better quotes is a good idea.
Click to expand...

xrapidx said:
Probably because the bank can afford better lawyers than us.
Click to expand...

i think the difference is what value it is insured at, a financed vehicle needs to generally be insured higher than market etc due to interest charges.
 
S1ght said:
My financial knowledge is hugely lacking so forgive me here but what does a broker do in this situation?
Click to expand...

a broker is say a consultant, i.e they can work with single or multiple insurance companies to negotiate packages for their clients.

i.e a broker will say back with auto and general and you actually pay the broker for your insurance but in fact your insurance is with auto and general, he just facilitates everything. generally means a better rate and service.
 
I did mine through VW. It is valid for a year and only some insurance companies accept it. Being under 25 probably wont make a difference to them anyway and the discount they give is not all that much.

But doing the Advanced Drivers is something you have to do. I mean, who else is gonna give you a GTI/R to drive around Kayalami for about 20 laps :)
 
Hamster said:
I did mine through VW. It is valid for a year and only some insurance companies accept it. Being under 25 probably wont make a difference to them anyway and the discount they give is not all that much.

But doing the Advanced Drivers is something you have to do. I mean, who else is gonna give you a GTI/R to drive around Kayalami for about 20 laps :)
Click to expand...

or revving the kak out of someone elses bmw and spinning it farked on the skid pan :D
 
there are a lot of things that can hike your premiums, like the type of car, driving history, etc.

You will have to start sooner or later, and this is the unfortute reality of it. You can try through a broker, and although it might be a little bit cheaper, it will still be a lot more than othe rpeople pay. You have to start building a good reputation at some point, no use in putting it off.

And I don't think the advanced drivers will help much with the premium, but it is a good idea to do, even if it is just for the sake of being a better driver.
 
I did a view advanced driving courses from BMW and Volkswagen, None of these made a dent in my insurance...

S1ght said:
Hey forum,

So with the whole financing a new vehicle I obviously had to look at insurance but a number of factors mean my premium is going to rape me at this point in life, namely:

- My license will only be 5 years old in September
- I'm under the age of 25
- I have never had insurance for a car so therefore 0 years of claim

So now I'm looking at any options to help me out here. So my first idea is to get my advanced drivers license, does anyone know if this is worthwhile to lower my premium? Cause as it stands, the lowest premium they could quote me was R1600 a month :/

Thanks in advance,
S1ght
Click to expand...
 
Santam wanted R1500 from me for my Corsa when I was under 25. So I put it under my dad's portfolio. Iow, insurance was on his name even though the car is in mine. Insurance went down to R1k. They paid me out no questions asked after I rolled that car.

After that I went to Outsurance who asked R915 after I had a tracker installed.

I'm well over 25 now and back with Santam via broker @ R 650 p/m for car + R120k household. Cancelled the tracker before moving to Santam.

Brokers are awesome. Any changes/issues/queries and I just phone my broker for 5mins. They sort out all the paperwork and email it back to me once processed. Same broker did my med aid & pension funds.
 
srothman said:
there are a lot of things that can hike your premiums, like the type of car, driving history, etc.

You will have to start sooner or later, and this is the unfortute reality of it. You can try through a broker, and although it might be a little bit cheaper, it will still be a lot more than othe rpeople pay. You have to start building a good reputation at some point, no use in putting it off.

And I don't think the advanced drivers will help much with the premium, but it is a good idea to do, even if it is just for the sake of being a better driver.
Click to expand...

True story unfortunately. I'm finding this out with anything I want to do because at the moment I pretty much don't exist when it comes to finance due to my lack in credit rating or anything similar etc.

Which advanced drivers would you guys recommend? The BMW 1?
 
Voicy said:
Santam wanted R1500 from me for my Corsa when I was under 25. So I put it under my dad's portfolio. Iow, insurance was on his name even though the car is in mine. Insurance went down to R1k. They paid me out no questions asked after I rolled that car.

After that I went to Outsurance who asked R915 after I had a tracker installed.

I'm well over 25 now and back with Santam via broker @ R 650 p/m for car + R120k household. Cancelled the tracker before moving to Santam.

Brokers are awesome. Any changes/issues/queries and I just phone my broker for 5mins. They sort out all the paperwork and email it back to me once processed. Same broker did my med aid & pension funds.
Click to expand...

Is that not a bigger risk though? Cause while you got lucky and they paid you out, is there not always that chance that they decide not to because you are not the regular driver?
 
I've done the BMW and the Audi one, and both are excellent. I really want to do the VW as well. Looking at the prices the VW isn't all that bad. They have a defensive driving one, and if anything will count in your favor, it will probably be that... as opposed to the performance driving one, I'm guessing. (The latter, I'm sure, will be more fun though).

Check it out http://www.vw.co.za/en/volkswagen_world/volkswagen_drivingacademy.html
 
S1ght said:
Is that not a bigger risk though? Cause while you got lucky and they paid you out, is there not always that chance that they decide not to because you are not the regular driver?
Click to expand...

No dude, the car is in my name, but it was included in my dad's portfolio as I lived with him. On santam's records it showed me as the owner and obviously the regular driver.
 
that is an option. Ask you parents to put it on and then specify you as the regular driver. it might drop your costs a bit, and although not ideal, it will start building your portfolio as a safe and responsible driver (provided of course you are).
 
Voicy said:
No dude, the car is in my name, but it was included in my dad's portfolio as I lived with him. On santam's records it showed me as the owner and obviously the regular driver.
Click to expand...

I see, how would this work in the situation where I will be moving out in the beginning of April because obviously the insurance looks at the area you're in and whether it is in a locked garage? Would I still be able to be under my dad's portfolio then?

srothman said:
that is an option. Ask you parents to put it on and then specify you as the regular driver. it might drop your costs a bit, and although not ideal, it will start building your portfolio as a safe and responsible driver (provided of course you are).
Click to expand...

Ha, don't worry I am indeed a safe and responsible driver, 5 years now with only 1 parking fine :p
 
S1ght said:
Is that not a bigger risk though? Cause while you got lucky and they paid you out, is there not always that chance that they decide not to because you are not the regular driver?
Click to expand...

S1ght said:
I see, how would this work in the situation where I will be moving out in the beginning of April because obviously the insurance looks at the area you're in and whether it is in a locked garage? Would I still be able to be under my dad's portfolio then?



Ha, don't worry I am indeed a safe and responsible driver, 5 years now with only 1 parking fine :p
Click to expand...

Your car can be on your parents portfolio with you as a regular driver and I don't think you even have to live at the same address
 
Things that effect your insurance:
Age - 25 younger pay more
the time you've had your DL
have you had insurance before
Accidents before
male/female. male= generally pay more
the type of car
advanced courses could help but insurance looks at nany factors...
engine capacity. rather go for a 1600 or lower engine. 1800 is a grey area. 2l & higher is considered as high performance.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X