First time driver Insurance group 49

Scottland · 15 Jul 2014 at 13:57

A quick google has also turned up this place:
http://www.quantumplc.com/aboutus.php

pioneer2000 · 15 Jul 2014 at 13:57

lol, the mind boggles at anyone who considers paying over a max of 1k on insurance.

What are you earning to justify paying north of £1.5k and a 3k excess on one of 2 pretty boring cars?

Sasso · 15 Jul 2014 at 13:58

so does this mean you passed the test and looking to or already purchased the car? if so, congratulations on passing

(well.... passing again but in the UK

)

got any family you can put on the insurance to try and lower it?

surprised you're getting quotes as low as £1,400 to be fair.... even with that insane excess

but at the end of the day if those are the going rates of all the decent insurers then you don't have much choice but to just get it and hope that in a years time they drop your premium and excess

but then.... if you're going for those cars and got the cash, a k or two on premium with the possibility of having to pay £3k (if you're at fault

so try not to be.... or just don't have an accident at all

) shouldn't be that much of an burden

xsnv · 15 Jul 2014 at 14:57

Bunka said:
Are you happy with such a high excess? On a car of the value you're looking at, you'd blow through the excess easily and have to fork out £3k for a few replacement parts.

To be fair though, I'd expect that to drop quite significantly after a year or two of driving so play it safe if it's going to hurt your wallet!

I'd rather not to be honest but it appear to be the market value of my risk perception. If it was a reputable insurer then I wouldn't mind as much but i'm not signing up for a £3K excess with dodgy a shop.

Scottland said:
Chris Knott and Sky Insurance have always been good brokers for me, albeit completely different situation you to yours - at least you can actually speak to someone to ask them what they can do for you.

Just tried Chris Knott, will try Sky Insurance shortly after.

tcfreer said:
If you have a local newsagent, then I would suggest looking for the likes of Performance BMW, BMW world, or Mercedes Owners etc magazines and then speaking to the companies in the back of those

Or as a off the wall suggestion look on the actual Brands website for there own insurance companies - they actually exsist, normally backed by someone else and they seem to be really good, competative and priced well

its not the same league but my old Puma was insured with Food (backed by RSA) and at about £90 quid elss then anyone else
Just a suggestion for you?

Thanks for the tip. I did try BMW insurance (I got my complimentary 7 day insurance from them) but they considered me 'uninsurable'.

xsnv · 15 Jul 2014 at 15:03

Scottland said:
A quick google has also turned up this place:
http://www.quantumplc.com/aboutus.php

Had a look on the website. I think they're more focused on portfolio insurance for the rich and wealthy. I'll give them a ring regardless but I'm not optimistic.

pioneer2000 said:
lol, the mind boggles at anyone who considers paying over a max of 1k on insurance.

What are you earning to justify paying north of £1.5k and a 3k excess on one of 2 pretty boring cars?

"Enough" to afford to justify that much on a 'boring' car. Now imagine what i could spend on an exciting one

Sasso said:
so does this mean you passed the test and looking to or already purchased the car? if so, congratulations on passing (well.... passing again but in the UK )

got any family you can put on the insurance to try and lower it?

surprised you're getting quotes as low as £1,400 to be fair.... even with that insane excess but at the end of the day if those are the going rates of all the decent insurers then you don't have much choice but to just get it and hope that in a years time they drop your premium and excess but then.... if you're going for those cars and got the cash, a k or two on premium with the possibility of having to pay £3k (if you're at fault so try not to be.... or just don't have an accident at all ) shouldn't be that much of an burden

I did pass! Just me i'm afraid so no gains with family. As with all things you just have to start somewhere. I'm not oblivious to the costs and have factored them into my purchase economics. The figures aren't helped by BMW's over inflated RRP's for the 6 series.

DJ_Bucho · 15 Jul 2014 at 15:04

Have you tried giving an insurance company a ring and speaking to them on the phone, it might be worth doing that and explaining your situation. You might be surprised by what they quote you.

kaptainmarc · 15 Jul 2014 at 15:12

I paid 1200 with an 800 excess on a civic type R with 3 year N/C

1500 for that level of car seems pretty reasonable for a new driver.

RedvGreen · 15 Jul 2014 at 15:34

xsnv said:
I'd rather not to be honest but it appear to be the market value of my risk perception. If it was a reputable insurer then I wouldn't mind as much but i'm not signing up for a £3K excess with dodgy a shop.

Just tried Chris Knott, will try Sky Insurance shortly after.

Thanks for the tip. I did try BMW insurance (I got my complimentary 7 day insurance from them) but they considered me 'uninsurable'.

I've had 4 BMWs so far, and BMW Insurance have been ridiculously overpriced. Most insurers were offering me £300-£450, whereas BMWI were wanting the best part of £1800. I understand that there are benefits such as like-for-like replacement/hire car, but that is not worth 4x the cost.

pioneer2000 · 15 Jul 2014 at 17:35

xsnv said:
"Enough" to afford to justify that much on a 'boring' car. Now imagine what i could spend on an exciting one

Just give a ballpark if you don't want to quote the exact amount...

I personally can't see the justification of paying 1.5k on insurance. Say on £70k p/a that's still approx. 3.5% of your annual earnings.

Sin_Chase · 15 Jul 2014 at 18:59

pioneer2000 said:
Just give a ballpark if you don't want to quote the exact amount...

I personally can't see the justification of paying 1.5k on insurance. Say on £70k p/a that's still approx. 3.5% of your annual earnings.

1.5k is not THAT ludicrous :confused:

I paid £1,300 at 18 back in 2003 for a bloody 1.8 Ford Focus, which was the best price I could find at the time. It went down significantly the years following.

Type_R · 15 Jul 2014 at 19:13

I would give Sky Insurance a call. I have been with Greenlight before, not had any issues but for the last few years Sky have been able to beat the best quote I have had on the M3.

Obviously my situation is quite different to yours, 9 years protected NCB but even then always found them to be able to get the best price.

Also AF were a complete waste of time for me, even when I had my slightly tuned Golf GTi their quotes were far from competitive.

snapdragon69 · 15 Jul 2014 at 19:15

http://www.legislation.gov.uk/ukpga/1988/52/section/144

144. Exceptions from requirement of third-party insurance or security.

"Section 143 of this Act does not apply to a vehicle owned by a person who has deposited and keeps deposited with the Accountant General of the [Senior Courts] the sum of [£500,000], at a time when the vehicle is being driven under the owner’s control."

bazzabear · 15 Jul 2014 at 20:06

That's interesting. I knew it was possible to put aside the money instead of having insurance - but I didn't realise there was a stated amount. I would have expected it to be bigger to be honest.

miniyazz · 15 Jul 2014 at 20:08

snapdragon69 said:
http://www.legislation.gov.uk/ukpga/1988/52/section/144

144. Exceptions from requirement of third-party insurance or security.

"Section 143 of this Act does not apply to a vehicle owned by a person who has deposited and keeps deposited with the Accountant General of the [Senior Courts] the sum of [£500,000], at a time when the vehicle is being driven under the owner’s control."

Yeah but the interest lost on that would easily be £10k/year

novaenough · 16 Jul 2014 at 09:31

bazzabear said:
That's interesting. I knew it was possible to put aside the money instead of having insurance - but I didn't realise there was a stated amount. I would have expected it to be bigger to be honest.

I'd heard of this too but I'd also thought it would be much higher, easily into the millions.
Not that it matters as I don't have a spare £500k at the moment!

Deleted member 66701 · 16 Jul 2014 at 09:40

snapdragon69 said:
http://www.legislation.gov.uk/ukpga/1988/52/section/144

144. Exceptions from requirement of third-party insurance or security.

"Section 143 of this Act does not apply to a vehicle owned by a person who has deposited and keeps deposited with the Accountant General of the [Senior Courts] the sum of [£500,000], at a time when the vehicle is being driven under the owner’s control."

Even though you've done that, you can still be sued for a higher amount if the damages exceed £500k.

Princey · 16 Jul 2014 at 09:49

Sky Insurance were good for me, on a modded Monaro VXR, insurance group 50 and at 23 it was just £750.

bazzabear · 16 Jul 2014 at 10:49

amigafan2003 said:
Even though you've done that, you can still be sued for a higher amount if the damages exceed £500k.

Yeah, that makes sense. I guess the theory is that if you can afford to put £500k aside, then you actually have much more than that.

It's not so much the cost of repairs that made me think it should be higher, it's medical and legal liability.

Freefaller · 16 Jul 2014 at 12:28

pioneer2000 said:
Just give a ballpark if you don't want to quote the exact amount...

I personally can't see the justification of paying 1.5k on insurance. Say on £70k p/a that's still approx. 3.5% of your annual earnings.

To be fair that's none of our (your) business. Don't be upset/envious - if he can afford it then good on him.

pioneer2000 · 16 Jul 2014 at 14:05

Freefaller said:
To be fair that's none of our (your) business. Don't be upset/envious - if he can afford it then good on him.

LOL. Personally I think salary should be disclosed within the workplace. It's only people who are being paid more than they honestly think they should be that have a problem disclosing it.

I'm distraught that someone is going to waste their money on expensive insurance for a car that nobody else will care about, just so he can sit there thinking people care. More fool him!

First time driver Insurance group 49

Deleted member 66701

Deleted member 66701