IAM, does it actually effect insurance?
Discussion
I am 19, and considering doing IAM, to improve my driving ability, but mainly to decrease my £1350 insurance quote...
Does anyone have any direct experince of IAM and insurance prices? Does it actually make that much difference? (Im most likley going to be going with direct line)
If its going to cost me 5-£600 to get the IAM, then I would imagine that its not going to save me anywhere near that much on the insurance...
Anyone know?
Does anyone have any direct experince of IAM and insurance prices? Does it actually make that much difference? (Im most likley going to be going with direct line)
If its going to cost me 5-£600 to get the IAM, then I would imagine that its not going to save me anywhere near that much on the insurance...
Anyone know?
tegwin said:
If its going to cost me 5-£600 to get the IAM, then I would imagine that its not going to save me anywhere near that much on the insurance...
Woah!It's currently £85 for Skill for Life (this includes everything, except your petrol). Under 25 and you'll get £10-20 off that too.
From Feb. it's going up to £99, but still with £20 off.
Don't expect too much if any discount off insurance. The "new" IAM Surety policies expect you to have 4 years no claims.
But for 65 quid and a few hours of your time, it's well worth doing.
It may be that some insurers will give cheaper insurance for IAM. However, they are not that likely to be giving the best quote for your circumstances so you are unlikely to reap the benefit. Unfortunately I suspect there are no stats around that would satisfy the actuaries that IAM drivers are substantially safer.
Bert
Bert
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