A third party policy isn't going to cost £2k. Even if he wasn't covered for theft and ended up getting the £50 car stolen. He'd still save more than buying and running a reasonably priced car on a fully comprehensive insurance policy. I think that's the point Sonny is trying to make.
1.2 Punto, £24 grand for insurance.
- Thread starter Aeleys
- Start date
A third party policy isn't going to cost £2k. Even if he wasn't covered for theft and ended up getting the £50 car stolen. He'd still save more than buying and running a reasonably priced car on a fully comprehensive insurance policy. I think that's the point Sonny is trying to make.
Caporegime
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it's not throwing it away though is it, when he is 20, he will have saved thousands in bills, he will also have 3 years NCB, he can now afford a much better car with a much better engine.
also he will save thousands not hundreds, if a 20 year old with zero NCB tried to insure a 1.8 or even a 2 litre compared with a 20 year old insuring the same car with 3 years NCB, im sure most of that 5K will get recouped within a year.
exactly, a £50 car with next to zero bills and a few years really cheap insurance, or buy a crappy £4K car to use with many bills and a lot higher insurance?
surely with such high premiums, my method will work out a lot cheaper and you could afford a much better car in 3 years time?
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Really don't understand insurance in europe. I was paying around 65 usd a month for my 170hp civic at 16 years old and am now paying 95/month for my 2006 wrx...fully comp and 500 dollar deductible.
Surely there can't be more accidents in europe, I mean I'd imagine there would be less actually as not as many people drive and you start at 18 instead of 16 or 15 1/2
Surely there can't be more accidents in europe, I mean I'd imagine there would be less actually as not as many people drive and you start at 18 instead of 16 or 15 1/2
You think the difference between 0 NCD and 3 years NCD at the age of 20 is going to be £5k?
I'm still amazed that anyone can honestly believe that buying a car and keeping it insured, MOTed and taxed without even ever using it is ever going to be a good idea, or is some how going to save you money while you're still using public transport for everything.
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sorry to clear up some confusion im 22, almost 23. have added a named driver with over 30 years NCB and seems like im not gunna get anything for what my budget will allow (around 1 grand for insurance,rest for mot/tax etc)
best i could get with another few hours looking around was £1,680.
best i could get with another few hours looking around was £1,680.
Caporegime
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right go away and come back with a quote for a 20 year old, first named driver, with 0 years and then again with 3 years NCB on a 2 litre golf which is 4 years old.
and as stated before it will be nowhere near £5K i would imagine to insure a £50 car under the cheapest policy possible for 3 years, hell you could even choose a £1000 excess charge, as you know you would never ever be using it.
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Im in simmilar position ( high quotes) 32old 0NCB london and most quotes are around £2k.
By checking quotes Ive found that it may drop to £1k if you get newer car...dont remembsr what cars Ive checked by one of them was audi for aroind £5-6 k .
Of course you have to splash out more for a car... no wonders people use their mates addresses to insure cars and foreginers insure back home as you can get full comp for around £100 a year...
By checking quotes Ive found that it may drop to £1k if you get newer car...dont remembsr what cars Ive checked by one of them was audi for aroind £5-6 k .
Of course you have to splash out more for a car... no wonders people use their mates addresses to insure cars and foreginers insure back home as you can get full comp for around £100 a year...
Caporegime
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your 32 that should make a big difference imo, check the same car for a 17-20 year old and you wil be shocked. but obviously NCB makes a much bigger difference.
Caporegime
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lol, so it looks like my whole theory of buying a banger and letting it sit on your driveway whilst you collect NCB could be a winner, obviously it doesn't help that you can't use it, but in the long term it should help save money.
Thought the same and was compelled to do some googling
http://www.ikubeinsurance.com/About-iKube/About-the-iKube-box/
Surely you can remove this 'black box' ?
'It's discreet - it's fitted out of sight so it won't cramp your style'.
Not at all, having to rush home before 11.00 like Cinderella will look really cool.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
This is a very silly idea. It would likely save very little money once you take into account the cost of actually doing it - and thats before you consider the futile pointlessness of a taxed, insured and MOT'd car sitting on your drive way rotting. I mean why? And you'd need to MOT it to tax it, and it must be taxed if its insured. So it needs to pass an MOT every year and how does it do that if its a complete nail? So a £50 car probably wouldnt even suffice.
You wont save thousands of pounds by having more NCB. NCB is just part of a range of factors which contribute to lower insurance. NCB alone does not shave thousands of pounds off your quote. Soon after I got it for example I had to insure my 530i with no NCB *and* a claim. It was £300 more than the previous year...
Rubbish. At 19 I was paying £1k not £5k to insure a 2 litre modified Mondeo. Prices have risen since then but not 5 fold.
Except the bills like tax and getting it through an MOT, right?
You wont get 'really cheap insurance' at 17 on any car.
And there we have it - proof you've no idea what you are talking about. Do you even run a car? You can't whack up the excess on a TPFT policy with most insurers. It's fixed?
[TW]Fox;20994555 said:
It has at least doubled I think, I come into contact with a lot of 18 year olds and none of them seem to be getting any where near the quotes I got on a 1.6 Fiesta or MX5 when I was their age, including the girls now!
To the OP, the most helpful thing you can do is probably sign up to the local communist party and violently over throw the wealthy elite, murder some rich people or something.
Good luck.
Caporegime
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also it was £5K over 3 years not 1, and i stated it would be lower than £5K, if you chose 3rd party, etc.
so the whole 5 times figure your saying is completely wrong.
how much does 1 years NCB make to a premium on a 2 litre car for a young driver? say if you just bought a car for £50 with an MOT and did my idea for 1 year instead of 3
so the whole 5 times figure your saying is completely wrong.
how much does 1 years NCB make to a premium on a 2 litre car for a young driver? say if you just bought a car for £50 with an MOT and did my idea for 1 year instead of 3
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Associate
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I find it a bit crazy that everyone thinks 3rd party insurance is that much cheaper than fully comp. Because the fact is it really isn't at 17-19.
Ive had 30-40 quotes on various cars since passing my test 2 years ago now and I haven't found a 3rd party quote thats more than £200 cheaper. Usually they are more expensive.
And it would be expensive afterall because they insurance companies dont give a damn about the damage you do to your £250 snotter, they care about the damage you do to that nice new 3 series you just t-boned at a junction for not paying attention etc etc etc.
Ive had 30-40 quotes on various cars since passing my test 2 years ago now and I haven't found a 3rd party quote thats more than £200 cheaper. Usually they are more expensive.
And it would be expensive afterall because they insurance companies dont give a damn about the damage you do to your £250 snotter, they care about the damage you do to that nice new 3 series you just t-boned at a junction for not paying attention etc etc etc.
Where are these cars for 50 quid with MOT?
It's the first year that makes the biggest difference ncb wise anyway.
Once you have bought this cheap car why not simply... Use it?
Buying a cheap car as a new driver to drive in is something I very much agree with.
Caporegime
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how about buy shed with MOT for £50, insure with cheapest quote, third party, etc, wait til MOT runs out if it passes continue, otherwise scrap and buy new shed? or even just do it for 1 year? or insure a SORN car, if that works.
can anyone give me the rough cost, including depreciation of buying a car which will pass its MOT for 3 years with small bills, insurance, and running it for 3 years (tyres, fuel, tax, etc) doing say 30 miles x 4 days per week.
and then my idea which will cost less than £5K over 3 years to get 3 years NCB and say traveling using public transport 4 days per week (allowing for holidays) at £3.50 per day over the course of 3 years.
or do all of the above for 1 year, see if it works out cheaper, to get 1 years NCB, remember depreciation of the car has to be taken into account.
can anyone give me the rough cost, including depreciation of buying a car which will pass its MOT for 3 years with small bills, insurance, and running it for 3 years (tyres, fuel, tax, etc) doing say 30 miles x 4 days per week.
and then my idea which will cost less than £5K over 3 years to get 3 years NCB and say traveling using public transport 4 days per week (allowing for holidays) at £3.50 per day over the course of 3 years.
or do all of the above for 1 year, see if it works out cheaper, to get 1 years NCB, remember depreciation of the car has to be taken into account.
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