Buying a 1999 Toyota Corolla - how can I reduce my insurance?

I am 24 year old female and I have recently been offered a 1999 Toyota Corolla by a neighbour who is looking to buy a new car. It has 48,000 miles on the clock and has only one owner.

I would like to know if you think this is a worthwhile car to purchase? I have looked online and it appears to be a reliable car, but I am conscious of its age and potential problems that may come with this.

I passed my driving test six years ago (driving a manual car), but have not driven much since and so therefore I have been unable to accrue a no claims bonus. I have looked into insurance quotes (based on comprehensive cover, being the only named driver on the insurance, and parking the vehicle on the road outside of my house in central London) but the lowest quotes I have found are for £700 but I was wondering if there is a way I can reduce this?

Asked on 12 March 2014 by awoolf

Answered by Honest John
It's a 15 year old car originally built to last seven years. It may run a few more years reliably, but if anything major goes wrong, it's instant scrap. Could be that black box telematics insurance will reduce your premium. At the bottom of this list:
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