Any of you 17 and insured?

Janesy B said:
Buying a new car to save on insurance. loleconomics.
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Great summary there, can you point to where I said I'd bought a new car purely to save on insurance? That wasn't even a consideration when I bought it. I really don't get people's attitude sometimes :rolleyes:
 
SlyReaper said:
Not everyone lives near a multi-lane NSL dual carriageway. Those that don't will have a great deal of difficulty when they start driving on motorways.
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Oh no a motorway! I only passed my test 2 years ago so can remember fine and motorways were a piece of **** straight off the bat. If you know how to check a blind spot and indicate then there is nothing scary about motorways.
 
They should ask more questions of the 17 year olds they're insuring and put them into two groups:

1) Normal people who happen to be 17, don't drive like spackers and don't want to show off.

2) Chavvy ****s who wear 'sporty' clothes, attend a sixth form college to get EMA and listen to **** music too loudly.

Then rerun the statistics. I'm willing to bet that group 2s premiums will reflect the number of accidents they cause, and group 1s premiums will be relatively normal.

I'm 18, I'm a workaholic, I drive a boring family hatchback and do hundreds of miles on motorways every month. I have never had an accident. Yet I have to pay a ridiculous sum of money because of ********* who think der well wikid innit in der saxo.

:(

Luckily I can afford it. If you can't though, tough luck.
 
Cyanide said:
Cheap, 'twas on offer with a subsidised 3%apr. I've sold it on for profit now though :)
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How on earth did you manage that then?

In the current market, I cannot think of many cars you'd be able to made a profit out selling, let alone a brand new mass produced Peugeot.
 
Joshy said:
How on earth did you manage that then?

In the current market, I cannot think of many cars you'd be able to made a profit out selling, let alone a brand new mass produced Peugeot.
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Financed it on the cheap at 3%. Cost £10k, paid off £4k with the deposit and the last 24 months worth of payments leaving £6k outstanding. Sold it for £7000. Kerching :D
 
I love motorways and dual carriageways.
I've been known to take dual carriageways for no reason at all, even if it's the long way, just so I can get some over a ton ahem 70mph thrills.

Loved them when I was a learner, I don't get this big thing with motorways tbh, as has been said if you learned to drive on dual carriageways (decent instructors will do this to get you used to speed, not to mention it'll sometimes be included in the test), motorways are no big thing.
 
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Joshy said:
*Facedesk*

I'd personally ignore all the doom and gloom spouted in this thread, get him the back pages of a 'specialist' motoring magazine and a phone.

And what is with the suggestions of the young driver using his mother's car? Spend £1,000+ to be named on a policy where he gets limited use of the car and zero NCB? Makes very little sense to me.
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:s I am 17 and am an additional driver on his car which was 2l peuog for £430. So the sense behind it is spend £1000 on own car + £1300 min on insurance + petrol + mot/tax/ repairs etc. I may not get to use the car when ever I want but rather pay £430 and have money left over to spend on holidays and going out with mates then on a car. Sense behind it is you save a shed load of money. Two friends have own cars wish they did what I have done.
 
Cyanide said:
Financed it on the cheap at 3%. Cost £10k, paid off £4k with the deposit and the last 24 months worth of payments leaving £6k outstanding. Sold it for £7000. Kerching :D
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Am I being dumb or has it still cost you £4k? Meaning no profit?

Sorry if I'm wrong, it's still early. :p
 
iaind said:
Exactly. I don't get why people turn 17 and decide they can't possibly live without a car. Yes, I've been there - its really exciting to be able to drive but if you can't afford it, you can't afford it. You just have to wait until you've either got more money or become a lower risk,
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But part of the method of becoming lower risk is gaining more experience and building up some NCB's, and if you can't get the ball rolling by paying the astronomical cost of car insurance when young, it's difficult to do.

My brother passed his test and got a car when he was 17, he had to pay something like £1300 insurance a year for a 1.0 metro. I passed when I was 21, and paid £800 for insurance on a 1.4 Rover 25. I don't really understand why I paid so much less considering at both points my brother and I had 0 "real world" experience, obviously my age came into the equation but that doesn't seem completely fair to me, just because someone is a bit older doesn't make them less of a risk with the same amount of driving experience.
 
Cyanide said:
Financed it on the cheap at 3%. Cost £10k, paid off £4k with the deposit and the last 24 months worth of payments leaving £6k outstanding. Sold it for £7000. Kerching :D
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Err, that's not a profit

It's no different from buying a £5000 car and selling it for £2000

!
 
Janesy B said:
You paid 10k for the car and you got 7k for it. That's a £3,000 loss.
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I suppose if you look at it that way... :p

Still, £3k for 2 years motoring in a brand new car isn't bad going.

[edit] And that also includes the cost of buying and insuring my Prelude
 
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Hyper said:
I have recently got insured with morethan as the policy holder with no named drives on a Clio 1.2 16v (2001) for £1450.

Its only 3rd party fire and theft but has the advantage of £50 excess.

I have just passed my test a month ago and turned 19.
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A fifty pound excess and your 19? There is a young drivers compulsory excess of sometimes £400 which i think you may have missed, there arent many insurance companies that will give a 50 quid excess to anyone never mind a 19 years old with 0ncb, i would check your policy.
 
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