Insurance prices = WOW :|

Wizzkidy said:
Lame. you expect to get insured on one of those cars at your age without paying a fortune?

Buy yoursef a 1.0L Corsa and spend a few years running around in that and dont smash it up then get cheap insurance

I never understand these young lads who want to buy a super duper car when they have had hardly any experience on the road.
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Whilst I do think that his current circumstances dictate he should buy something modest his age isnt the problem - I was 6 months older than him when I insured my 530i for the first time.
 
insurance groups only come in to play a little bit, its more the underwriters you should worry about, a group 29/30 is grouped in the same catagory as a group 15/16 with the admiral group so its worth doing quotes.
 
SGWills said:
insurance groups only come in to play a little bit, its more the underwriters you should worry about, a group 29/30 is grouped in the same catagory as a group 15/16 with the admiral group so its worth doing quotes.
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It's an OcUK myth that insurance groups dont matter. They do. There will always be anamalies but generally speaking the higher the insurance group the more expensive the insurance - I've found it to be almost completely proportional at times.

Also Group 29/30 is Group 29/30, it isnt 'grouped in the same category' as 15/16. You are confusing the fact that under the old system there were only 20 groups and Group 15 under the old system often translates to around 29-30 in the new system.
 
Does insurance really comes into play here when he is thinking about dropping 1.5k on an Alfa? Granted, my knowledge about cars are laughable compared to some of you guys, but even I can tell that the first major problem with the Alfa he is looking at a bill in excess of a grand.

Perhaps advice him on a sensible car choice first.
 
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Peerzy said:
Post code you can't change no, but your post code might be a high risk one. I'm simply saying that might be why your getting high prices.
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So he should move? I'm not sure that is a cheaper option tbh :p
 
[TW]Fox;18147119 said:
It's an OcUK myth that insurance groups dont matter. They do. There will always be anamalies but generally speaking the higher the insurance group the more expensive the insurance - I've found it to be almost completely proportional at times.

Also Group 29/30 is Group 29/30, it isnt 'grouped in the same category' as 15/16. You are confusing the fact that under the old system there were only 20 groups and Group 15 under the old system often translates to around 29-30 in the new system.
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didnt say they didnt matter, i said it only one part it plays as a guideline.

what about groups 31-35 ? seeing as group 1 - 8 is the same as group 21, 9 - 12 is the same as 22 to 25, 13 - 14 is the same as 26 - 29 and 15 - 16 is the same as 29 - 30.

so yes i can see the old vs new groups but its still the underwriters that determine what they class as a high risk and what they will rate higher upon
 
-westy- said:
Wouldn't MEng be a Masters anyway? It'd be a BEng first..

Just to be picky :p
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Actually, you would generally just do a MEng these days, it's an undergraduate degree. If you do a BEng now, you struggle to get chartered status without having to then go back to uni again and doing a MSc.
 
Lucero said:
I was under the impression that students are a low risk group.
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Students are one of the highest risk groups. I think only Journalist, Unemployed and Musician are higher. moneysavingexpert.com has a handy tool for tweaking your occupation to get a lower category (for example software engineer is £5 lower than computer programmer despite them being the same thing!)

As for the OP I see several risk factors

Fancy car
Fancy car insured TPFT (this is a big no-no)
Bradford
Mechanic related profession
21

Tweak your occupation and get a comprehensive quote to bring the price down.


Oh and the reason mechanics and related professions are high risk is because they do know enough to tinker with their cars themselves. They'll also often just bodge it since they can't be bothered to do it properly after a full days work, and then drive within the limits of that bodge, which does increase the risk of accidents.
 
I'd spend £1k on an old car, and then expect to pay £1k on insurance, presuming you've made a sensible choice.

You're 21, male, looking at typical "young person" cars - of course it's going to be expensive! I have to say though, looking at your prices in the OP, I'd say you can definitely pull those down if you shop around, unless you have some negative legal or medical history we're not aware of.

An Alfa is not a choice I'd usually associate with a first car...
 
Jokester said:
Actually, you would generally just do a MEng these days, it's an undergraduate degree. If you do a BEng now, you struggle to get chartered status without having to then go back to uni again and doing a MSc.
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Oh yeah, I understand that, that's my intention too (I'm in the first year of an FdSc Mech Eng, I intend to continue through to MEng) - but most people would consider a BEng or BSc to be the degree, and MEng to be the postgraduate.
 
Jokester said:
Actually, you would generally just do a MEng these days, it's an undergraduate degree. If you do a BEng now, you struggle to get chartered status without having to then go back to uni again and doing a MSc.
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If you have the experience you will not have trouble getting your Ceng through your chosen body, The engineering council states that if you do not have a masters then you can take the technical report route, which if you have the knowledge is it a lot quicker than going back to do the masters, unless of course you would like to do the masters but then that is different!
 
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