Insurance price. Where do you personally draw the line?

For me it's one element of a much bigger picture.

I'd happily pay up to £1,000.00 if I were saving somewhere else (VED, fuel, finance, lack of repairs) etc. However this tends to not be the case.

I'm currently paying £400 which is thanks to 7 years no claims, my postcode and my girlfriend being on the policy. In a couple of months I turn 25, I've been running some dummy insurance quotes and an M3 will be cheaper than my current policy is to insure a 330Ci. I'm alright with that.

I paid £1,200 for the first year of driving, out of necessity however. It had 45bhp :(
 
This thread makes me cry but it's self inflicted.

1.4 Almera £900 on a 10 month policy. May have been £1000 but can't remember.
2.0 Almera Gti £930 upfront
2.0 Almera Gti with a 1k claim £900 upfront
1.6T Astra Sri £150 ontop of the £900.

Quotes for the new year with my claim + 6 points + 1 year NCB £944 upfront.

Some of them go to £1600 if monthly which is crazy, thankfully I have a 0% CC.

The APR seems to change based on the initial sum too. A £700 quote could be £850 monthly but once nearer a grand they hit you hard.

So to answer the question. A grand is about what I could stomach. I'm starting to resent it but even a basic Focus is £600 odd so it's worth paying more for more power.
 
I pay well under £200 for my daily, Fully comp, protected NCD etc.

My daughter who is 17 is paying around £2,000 for her first car and my son, with a years NCD is now paying `only` ~£700. Way more than a 30% discount for that first claim free year.

There are SOME advantages to being an old git :D


And yes, we have spent hours and hours finding `cheap` quotes for them. Sensible car but a newly qualified driver has to pay quite a lot to get insurance...
 
Depends on the car as quote on some cars such as EVOs still come in at over a grand. Unless it was something particularly special then I'd draw the line at £1k which still leaves me in a position to insure plenty of interesting cars for under that.

Fwiw at 23, 3 years no claims quotes on a 2.5TT Soarer are just over £600
 
Never stops amazing me that at 26 with 7 years NCD I've only just managed to get insured for a price I consider reasonable (£512) while people several years younger with less NCD get quoted the same or better. My post code must be absolutely awful for insurance.

Last year I paid £750 and the year before probably close to £1000 on a Civic Type R, however looking back Id probably not be happy paying anymore than £600 nowadays and even less soon when I move to a better area.
 
Considering I'm in the highest risk postcode and only been driving 4.5 yrs I would go upto to £2000 for the right car as my 1st year was 1.7k 2nd 1.4k 3rd 1.1k and I'm still paying that now as I went from a focus to a ST220.
I never understand why so many people always say "oh I couldn't afford to insure that car" then go and blow there whole budget on the newest , small engined poverty spec hatchback they can find:confused: it baffles me.
I had 4.5k to spend so instead of buying another 1.6 focus just cos it's got "08 or 09" in the reg i got a better more faster car and paid 3.5k for a 04 ST220 and then paid my 1.1k insurance outright so Its all paid for.
If u can afford more than a few grand on a car then I dont see how u can worry about insurance being a few hundred quid more per year for better more sportier models
 
Jez said:
Nothing i ever seem to quote on is ever that expensive, although obviously expensive is relative.

For example i think the insurance element for my 500HP Merc is around £350-400. Much more and i am not sure that i would consider it great value.

Insurance for "normal" cars, such as (for example) a 2.2 Auto Vectra which we have is around £200, thats around where i feel a normal car should be and i would be slightly miffed at paying much more.
Click to expand...

This, the man talks sense.

I've owned heavily modified rb26's with all mods declared that have been around £800 a year with a clean ticket and no claims but with a agreed value of around 20k. The best bang for buck was a charged EP3 Type R for £500 with a 6 point speeding infraction and a written off E46 M3 cab against me. At the time I was pretty chuffed with the price but I got it through my insurance broker along with my business and public liability - self employed.

33 now, nice area in the southwest, garaged vehicle and a focus estate diesel family wagon - protected ncb £346 per annum.

If your claim is being assesed it will certainly have an effect on your renewal though, I waited three weeks for my write off to get finally settled and it dropped my premium by £200 - Adrian Flux.
 
Last edited:
My m135i renewal has just come in at £280, I'm 30 with 8 years ncd and in a decent postcode area.

I think it get a bit angry if I was paying over £400 now I have reached 30 with a clean driving history.
 
Around £1000.

23 but with No NCB and a 3 accidents in 3 years.

(one black ice based write off, 2 where I was driven into but went 50/50 so still counted against me)
 
FinglisHobbit said:
That was my previous bill before my smash last December. It jumped up £150+ as soon as my no claims went down the pan :(

It might improve again when they finally decide the blame on my accident. My insurance take my side and are trying to recoup costs and remove any blame from me but its dragging out.
Click to expand...

And this is why when you have a non fault accident you do not go through your own insurer!

I'm 23 and if I paid more than £600 I'd be quite annoyed now, too used to £350 or less on the old MX5.
 
Freefaller said:
Including modifications £500 FC with £0 voluntary excess would be my limit.
Click to expand...

This pretty much.

I do find it amusing how older members and/or ones living in decent areas say "£XXX is too much, I pay £xx", good for you but unfortunately not everyone's insurance risk is the same especially so if they don't live in a great area (an no "well move then" is not an answer to that).
 
My 530d costs me around £250 to insure. But I would happily pay £1000, or more, for the right car. Although with my age and location, I am unlikely to have to pay anywhere near that on anything I'm likely to buy.

For example, I just ran a quote for myself on compare the market, to see what I would likely pay on my realistic "dream" car, a Aston Martin DB9, and it came back at £500.

Funny that my "dream" Range Rover costs £100 more to insure than a DB9 though.
 
Last edited:
xs2man said:
My 530d costs me around £250 to insure. But I would happily pay £1000, or more, for the right car. Although with my age and location, I am unlikely to have to pay anywhere near that on anything I'm likely to buy.

For example, I just ran a quote for myself on compare the market, to see what I would likely pay on my realistic "dream" car, a Aston Martin DB9, and it came back at £500.

Funny that my "dream" Range Rover costs £100 more to insure than a DB9 though.
Click to expand...

Cos of theft, you might think Im making numbers up (I am but about right from what I hear) but a range rover is about 999 times more likely to go walkies! I had an insurance guy with us (work) on Wednesday and the stories were insane!
 
I don't want to pay more than say £400, that said, it varies massively on where you live.
My current e46 325i Touring is about £350 f/c yet at my previous postcode it's only £270.

I'm getting some odd quotes at the moment, for example, I've been quoted £440 f/c at my current address to insure a 51 plate e38 740i yet an e39 M5 of the same year (and higher value) comes back at £390 f/c!
 
£350, I'm 62 with 7 yrs NCB, previously company car driver.

It is the business use and miles that bumps it up. Currently Civic 2.2 but I would not want to pay much more for any vehicle, certainly < £500.
 
InvaderGIR said:
This pretty much.

I do find it amusing how older members and/or ones living in decent areas say "£XXX is too much, I pay £xx", good for you but unfortunately not everyone's insurance risk is the same especially so if they don't live in a great area (an no "well move then" is not an answer to that).
Click to expand...

If I insured a small fiesta size car, which is totally undesirable it is around £170 even in SE London. It just depends on what you're willing to pay for what sort of car you want. :)
 
You must log in or register to reply here.
Back
Top Bottom