Insurance Win

Peerzy

Peerzy

Peerzy

Soldato
Joined
9 Nov 2008
Posts
7,150
Every year I read of people struggling with insurance quotes, prices rising, people being unable to insure cars etc.... Yet every year I manage to get a final quote that is much better than I could have even hoped for.

It all started in 2007 when I first passed my test and purchased my 1.2 W reg Punto from my parents. As a 17 year old with 0NCB I was able to get insured fully comp with a £500 excess for £750.

Roll on a few years and I get a Fiat Bravo 1.4 Tjet, rated at 150bhp and I'm now 19 with 1year NCB, even once I had added mods (remap, induction and exhaust) the price was £830.

Jump forward another 2 years and I'm now 21 and buying my Porsche Boxster S. I'm back down to 0NCB due to a smack and with a £1400 excess get insurance for £1250, rather happy.

Now to today, renewal time is upon me and I hope for a figure around £1000 (taking into account I'm now 22 and have 1year NCB, keeping the same excess etc...). I do a few quotes and manage to finally take out a policy on Saturday for £640, with a £900 excess.

Now that to me is crazy, £640 to insure a 22 year old on a Boxster S with only 1 year NCB. They must really trust me :eek:

My post code has always been GU21 till this year, when it has changed to GU24. I only do 6k a year so my mileage is low and obviously my excesses has been high (£900 this year though is only £500 voluntary, £150 standard and an extra £250 for being under 25). Till this year I've always had my 51 year old mum on the policy but she's come off it now as she was pushing the price up. Halfway through last year I added my 28 year old partner and it didn't effect the cost at all. She's still on it this year.

I also went onto her insurance and I didn't add anything to her £350~ she pays for her Polo.

Annoyingly the 1 car I actually dream to own (Ford Mustang) I can't get touched on for insurance due to it being LHD.

Interestingly only Admiral, Bell and Elephant are below about £5000 for the Porsche (this year and last) and all are within about 50p of each other; I know they are all the same company.

There isn't really a massive point to this thread, other than my insurance is always miles cheaper than I expect. At 22 with 1year NCB I struggle to find any car that will cost me more than £1000 to insure.

tl:dr - I got insurance for £640. Share your insurance wins/woes.
 
Your excess is the main reason why your insurance is lower.

Personally I think you're mad having excess that high, but maybe that's just me.

p.s. Who are you actually with for insurance? Unless I missed it I only saw you mention Admiral, Elephant etc but didn't say who you're with :D
 
I made a mess in my pants when I put insurance in for a Type R on confused.com and it come back at £790, then clicked on it and seen the £3000 excess.

VXR come in at £1011 I think, shot up to £1600 when putting business insurance on it...
 
£550 fully comp on a Corvette at 21 :p

I pay £220 for my '68 Firebird currently, all mods declared, 450bhp, full UK breakdown cover, European travel & breakdown cover, fully comprehensive, unlimited mileage, social, domestic and commuting use as well. 25 now and I use no no-claims bonus on that policy. :D

Even the M5 was only ~£250. Not bad going at all (same policy otherwise).

Just depends on the car, person's history and - of course - the location...
 
My quote for when I will be insuring my MX5 in June is £750 fully comp.

I'm 20, a student (probably not a good job for quotes), with 2NCB, 1 fault accident and a TS10 traffic offence.

If I didn't have the accident and the offence it would be under £500. Less if I were still at home as BS postcodes are higher risk than NR.

That's with a £250 excess, by the by.

Not paid over £800 for insurance, even when 17.

All specialists and the like I've called have been in total disbelief that Elephant have quoted me that, Sky didn't even bother starting a quote when I mentioned the price I'd been given.
 
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I was surprised with the insurance for my MX5 with a supercharger added on. I was expecting people either to tell me to sod off, or to quote well over a grand. Managed to get it for £780 in the end, which was about 20 quid more than what Admiral(who were the cheapest before) were wanting without the supercharger!
 
I've pretty much always had this, living in an LL33 post code in North wales is pretty low risk. I had a jap import group 20 at 22/23 no worries. Think i paid about 800 for that.

Now got a subaru impreza STi, got that when i was still 24 and paid about the 800 mark aswell, now paying less as its not my main car so got pretty low annual millage on it. My missus had a fault claim on her insurance which does push it up a bit as she needs to be insured on both of my cars, but even so ive never had the ZOMG insurance is ridiculous! experience.
 
Addicted said:
Your excess is the main reason why your insurance is lower.

Personally I think you're mad having excess that high, but maybe that's just me.

p.s. Who are you actually with for insurance? Unless I missed it I only saw you mention Admiral, Elephant etc but didn't say who you're with :D
Click to expand...

Punto 2007 £700 Norwich Union (Now Aviva)
Punto 2008 £500 Unknown
Bravo 2009 - £830 Direct Line
Bravo 2010 - £700 Swift Cover
Porsche 2011 - £1250 Elephant
Porsche 2012 - £640 Admiral

I don't think £900 is that bad an excess, considering the car is worth £15k+

£400 of it is something I would have to pay no matter what and with a £0 voluntary excess insurance this year went up from £640 to £1400.
 
The car is not worth £15k +, certainly not in the eyes of your insurance anyway. The excess isn't always your call either. If you hit someone and do little damage to your car but nacker theirs and they want to go through insurance, you'll be paying out £900, there and then.

Admittedly, it's a gamble, but it's one that I don't always like the odds of :)
 
Lucero said:
The car is not worth £15k +, certainly not in the eyes of your insurance anyway. The excess isn't always your call either. If you hit someone and do little damage to your car but nacker theirs and they want to go through insurance, you'll be paying out £900, there and then.

Admittedly, it's a gamble, but it's one that I don't always like the odds of :)
Click to expand...

The excess is my call when I selected it, no matter what I was always going to pay £400, I just decided to up it to £900 to offset the premium.

I put down the car had a value of £16k, I've no idea it's actual value but to replace it (2007, 3.4S with a years OPC warranty) it would cost more than £15k.
 
I wouldn't pay over £650 a year personally, I'd downgrade my car if I had to, I can't justify anything over that
 
I had an insurance loss; moved from one of the best post codes in the south to a pretty bad one and my civic costs the same amount to insure as my old M3. Fail.
 
Peerzy said:
Every year I read of people struggling with insurance quotes, prices rising, people being unable to insure cars etc.... Yet every year I manage to get a final quote that is much better than I could have even hoped for.

It all started in 2007 when I first passed my test and purchased my 1.2 W reg Punto from my parents. As a 17 year old with 0NCB I was able to get insured fully comp with a £500 excess for £750.

Roll on a few years and I get a Fiat Bravo 1.4 Tjet, rated at 150bhp and I'm now 19 with 1year NCB, even once I had added mods (remap, induction and exhaust) the price was £830.

Jump forward another 2 years and I'm now 21 and buying my Porsche Boxster S. I'm back down to 0NCB due to a smack and with a £1400 excess get insurance for £1250, rather happy.

Now to today, renewal time is upon me and I hope for a figure around £1000 (taking into account I'm now 22 and have 1year NCB, keeping the same excess etc...). I do a few quotes and manage to finally take out a policy on Saturday for £640, with a £900 excess.

Now that to me is crazy, £640 to insure a 22 year old on a Boxster S with only 1 year NCB. They must really trust me :eek:

My post code has always been GU21 till this year, when it has changed to GU24. I only do 6k a year so my mileage is low and obviously my excesses has been high (£900 this year though is only £500 voluntary, £150 standard and an extra £250 for being under 25). Till this year I've always had my 51 year old mum on the policy but she's come off it now as she was pushing the price up. Halfway through last year I added my 28 year old partner and it didn't effect the cost at all. She's still on it this year.

I also went onto her insurance and I didn't add anything to her £350~ she pays for her Polo.

Annoyingly the 1 car I actually dream to own (Ford Mustang) I can't get touched on for insurance due to it being LHD.

Interestingly only Admiral, Bell and Elephant are below about £5000 for the Porsche (this year and last) and all are within about 50p of each other; I know they are all the same company.

There isn't really a massive point to this thread, other than my insurance is always miles cheaper than I expect. At 22 with 1year NCB I struggle to find any car that will cost me more than £1000 to insure.

tl:dr - I got insurance for £640. Share your insurance wins/woes.
Click to expand...
my quotes for a 1.3 polo are £2000:mad:
 
Peerzy said:
The excess is my call when I selected it, no matter what I was always going to pay £400, I just decided to up it to £900 to offset the premium.

I put down the car had a value of £16k, I've no idea it's actual value but to replace it (2007, 3.4S with a years OPC warranty) it would cost more than £15k.
Click to expand...

But an insurance company will never ever give you what a car is actually worth. Surely you know this? Trade, at best.
 
Lucero said:
But an insurance company will never ever give you what a car is actually worth. Surely you know this? Trade, at best.
Click to expand...

Then you argue with them.

If I write off my car, my insurance payout must by enough for me to replace the car with a very similar example. This would need to be a 3.4S (not a 3.2S).

I'm sure most people just accept the first offer but I wouldn't.
 
I'm 22 with an MR2 turbo using it for 8,000 miles annually, including business use. I've got 2 years ncb and live in an average post code. My renewal was £600 with elephant which beat everyone else by at least £150, including taking out a new policy with elephant themselves. Policy is only third party, fire and theft though, fully comp would be and extra £200. I claim insurance win :)
 
dwarf said:
I'm 22 with an MR2 turbo using it for 8,000 miles annually, including business use. I've got 2 years ncb and live in an average post code. My renewal was £600 with elephant which beat everyone else by at least £150, including taking out a new policy with elephant themselves. Policy is only third party, fire and theft though, fully comp would be and extra £200. I claim insurance win :)
Click to expand...

That is very cheap, but surely a no brainer to get fully comp?
 
My insurance renewal for my Vauxhall Monaro VXR with mods (exhaust and a 50% power increase from a supercharger) is £700.

25 years old with 4 years no claims bonus with Admiral.
 
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