Insurance price. Where do you personally draw the line?

I paid £450 for a 335i, 28, 7yrs no claims. Recently been looking at prices for a few different cars and a legacy 3.0 came back at £675 which I thought was too much, strange because 3/4 years ago I was happily paying around 1k
 
I would normally have said £350-£400 but I must admit I am getting dangerously close to my limits lately.

I really am struggling to keep the cost down and have no idea why. I am 41, full NCB, no claims, no points, live in a rural area etc etc.

I get the odd calls from my insurer badgering me to have a box fitted which I decline. They claim it is becoming the only way to keep the costs down and premiums are set to rise further for those who decline.
 
I don't want to ever pay more than I currently do (around £400), however I need a car, and my current premium is only by virtue of a set of stats which could change anytime, so if I'm unfortunate enough to have a fault accident the premium will be what it is and I'll suck it up.
 
Third Opinion said:
I get the odd calls from my insurer badgering me to have a box fitted which I decline. They claim it is becoming the only way to keep the costs down and premiums are set to rise further for those who decline.
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The trend towards boxes is rather worrying. I have no issue with encouraging safe driving, but none of them seem keen to release information on what is safe! Are you going to get penalised for doing 80 on the motorway, accelerating hard on a sliproad, or driving safely and legally, but enthusiastically, on a fast b-road?!
 
Up to £500. My bike is £100 now and a car would be easily £700 which is one of the big reasons I don't own a car as well. A little bit of rain and sometimes inconvenience for an extra £600+ in savings isn't bad :)

But thinking about it, it kind of depends. If I did stuff every day that required a car, or disliked biking then I'd HAVE to get a car and so would be forced to pay £700+.
 
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1K :eek:

Am moaning enough about having to pay £500 for my RX8 insurance..

But I can get it at lest 20% cheaper if I change it to the place where I have my motorbike insured with...(I just been to lazy to change :o)
 
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ZeeWrath said:
I paid £450 for a 335i, 28, 7yrs no claims. Recently been looking at prices for a few different cars and a legacy 3.0 came back at £675 which I thought was too much, strange because 3/4 years ago I was happily paying around 1k
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I guess your expectations change as you get older - when I got my 530i on a policy taken out at 21 it was £1k which I thought was a bargain and I was more than happy to pay it.

Whereas now I'd be outraged if I had to pay even half that.
 
[TW]Fox;27215425 said:
I guess your expectations change as you get older - when I got my 530i on a policy taken out at 21 it was £1k which I thought was a bargain and I was more than happy to pay it.

Whereas now I'd be outraged if I had to pay even half that.
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Not sure it's so much your expectations, more that £1k for a 530i at 21 is an actual bargain (I say bargain, but what I mean is it's less than you'd normally expect them to scam you for for that sort of car). Beats rolling around in a crappy sub 100bhp 1l car which cost you the same in insurance.
 
Insurance prices are a bit crazy.

Mines dropped by about £250-300 going from a Vauxhall Astra to a Clio 182 when I was 24. 27 now and I pay £250~ but I did add fully comp for other cars which is very handy and was only £25 extra for the year.

I think now I'd be unhappy to pay more than £500, but for a normal car (something more normal than the Clio anyway) I'd want it to be less than I'm currently paying.
 
1.5% of vehicle value is about where I'd draw the line for exotics..

I've been pleased to have achieved 1% with Agreed Value on the F40
 
Would be interested to hear whether insurance cost influences choice of car for experienced/older drivers (it clearly does for youngsters) i.e. would you discount a particular car because it had a relatively high premium cost compared to alternative models? The impression I get is most people just get whatever they want for their purchase budget, unless the insurance is completely outlandish (meaning in relation to this thread the 'line' might be drawn at say >50% more than an alternative choice of comprable performance etc).
 
HangTime said:
Would be interested to hear whether insurance cost influences choice of car for experienced/older drivers (it clearly does for youngsters) i.e. would you discount a particular car because it had a relatively high premium cost compared to alternative models? The impression I get is most people just get whatever they want for their purchase budget, unless the insurance is completely outlandish.
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I don't even think about insurance now - I guess I probably would if I was about to buy an M5 or something but otherwise no car I'm likely to buy is going to be expensive to insure so it simply doesn't factor into the decision making process and hasn't really since I stopped being early 20's.
 
I can't say it does impact the decision process very much anymore. Total costs over the past few years have been over £1000 per month, so insurance doesn't really get a look in.
 
My 1st year at 17 was in a 1.6 Astra cost my £2,200. Now at 21 (well I was at the time of starting the policy), I pay £700 on the same car but with a list of mods and engine conversion running 350bhp.
 
No lookin at all now for any vehicle for me, even a 6L W12 Bentley continental comes in at around £400 tops. Total non issue now that I am nearly 30
 
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