but you will never recoup that wasted money
oh wait it's only £200 a year
Found out last week that our trainee IT Tech who is 17 and been driving for 6 months is paying a wedge for his insurance.
Driving his mums 1.4 focus as a named driver is costing him...
'How much are you paying, if you don't mind me asking'
'Seven'.
'That's not too bad'
'Grand'
''
He's obviously doing something very wrong but is adamant it's as cheap as he can get.
[TW]Fox;21004764 said:He wont recoup it and it IS a waste of money. He's 34 years old, there is no way that the extra year of NCB he is earning will be worth £240. The more NCB you earn the less marginal difference the extra years make.
The point I was making was the 900% increase, I am not 900% likely to reoffend.
Without the ban the insurance quote is still more than double what I was paying 2 years ago
I'm not dong it to save money. I'm doing it for peace of mind. If I suddenly need to drive someone elses car, I can.[TW]Fox;21004764 said:He wont recoup it and it IS a waste of money. He's 34 years old, there is no way that the extra year of NCB he is earning will be worth £240. The more NCB you earn the less marginal difference the extra years make.
[TW]Fox;21000618 said:Well no, as even at 19 I paid £1200 to insure a Mondeo in the same postcode area that now yields me 350 quid premiums on my 530i.
Very much the exception not the norm, £1400 MR2 Turbo quotes for 18 year old.