<rant> Insurance </rant>

[413x]

insurance is crazy from company to company

my s2000 with me being 26 and having 3 years no claims with 0 accident history [has been in a field though!) ranges from 800 with protection with admiral to about £3k ish for some of the expensive ones, aviva etc is about 1500+ last time i looked

 

[spookywillow]

i get my insurance from tesco now, was with hastings but they wouldn't give me a quote on my new car due to me only having a licence for 6 months.

hastings = vauxhall zafira, V reg, worth £600. fully comp £1800
tesco bank = citroen grand picasso, 07 reg, worth £6500 fully comp £1200

 

[ng93]

I can insure an e39 M5 for pretty much what I currently insure my 528iSE for, despite it being worthless!

I knocked £50 (12%) off my insurance by tripling the value of my car

 

[pepsilol]

Proper supplier can fit you Vreds for about £145 fitted.

 

[[TW]Fox]

It makes you wonder!

I can insure an e39 M5 for pretty much what I currently insure my 528iSE for, despite it being worthless!

Because you are old enough that whatever you drive the risk to the insurer is negligable.

 

[[TW]Fox]

Proper supplier can fit you Vreds for about £145 fitted.

Thats nice but what does it have to do with insurance

 

[Joshy]

Sadly I think I'm just about at the point where I have been priced off of the road, and I don't know when I'll be able to have a car again. Since December of last year my quotes with admiral literally tripled out of the blue, and even then still no one is competitive.

I insured a Soarer two years ago for a little over £2000 at 18 with a single year's NCB. It went down to £900 on renewal the next year where as now an identical car is £3,000.

Even on non imported, big engined, turbocharged stuff it is silly. £2,400 to insure an old M Reg 1.8 Audi A4 or £2,200 for a 1.6 MX5 or 1.6 205 GTI. I struggled to justify that sort of money at 18 to drive a car that I desperately wanted to own, let alone at 20 for a car that I consider only vaguely more interesting than the train...

What really stings is that I'll almost certainly be losing my NCB next year after paying a considerable premium for having a policy in my own name in my first two years on the road in hopes that it made a considerable difference to my premiums now

And people wonder why so many people drive uninsured? If I didn't need my license for my job and didn't live in a city with such good transport links so that I "needed" a car I'd be considering it.

 

[[TW]Fox]

So you think the fact 20 year olds cannot afford to insure performance cars is a reason to consider driving without insurance?

To be honest GTi's and Audi's have historically never been insurable at 20 anyway! What level of risk is your postcode?

If your NCB expires next year does that mean you've been without a car since 2011?

 

[Frozennova]

Sadly I think I'm just about at the point where I have been priced off of the road, and I don't know when I'll be able to have a car again. Since December of last year my quotes with admiral literally tripled out of the blue, and even then still no one is competitive.

I insured a Soarer two years ago for a little over £2000 at 18 with a single year's NCB. It went down to £900 on renewal the next year where as now an identical car is £3,000.

Even on non imported, big engined, turbocharged stuff it is silly. £2,400 to insure an old M Reg 1.8 Audi A4 or £2,200 for a 1.6 MX5 or 1.6 205 GTI. I struggled to justify that sort of money at 18 to drive a car that I desperately wanted to own, let alone at 20 for a car that I consider only vaguely more interesting than the train...

What really stings is that I'll almost certainly be losing my NCB next year after paying a considerable premium for having a policy in my own name in my first two years on the road in hopes that it made a considerable difference to my premiums now

And people wonder why so many people drive uninsured? If I didn't need my license for my job and didn't live in a city with such good transport links so that I "needed" a car I'd be considering it.

Not considered a classic policy joshy, 205s and soarers and mx5s will be all insurable under classic limited mileage policies, halved my first years insurance that way. I fwiw I'm the same age as you with 1 yrs ncb and had quotes last month of £1200 on an e39 523

 

[pepsilol]

Thats nice but what does it have to do with insurance

Yep, moving over one tab, see you there with your 2007 comment!

 

[Joshy]

So you think the fact 20 year olds cannot afford to insure performance cars is a reason to consider driving without insurance?

You know precisely what I meant. Insurance prices on run of the mill cars have increased to prohibitive/unjustifiable premiums, not just performance stuff.

To be honest GTi's and Audi's have historically never been insurable at 20 anyway!

And yet I've managed to insure more powerful in the past for similar/less money with a fraction of the driving experience. I paid a little over £2,000 for my 205 GTi... That's when I was 17 and declared it had an engine conversion!

What level of risk is your postcode?

High risk, but that has not stopped me in the past. Regardless, looking to move to a far lower risk area and the price difference is negligible.

If your NCB expires next year does that mean you've been without a car since 2011?

That's correct.

 

[Joshy]

Not considered a classic policy joshy, 205s and soarers and mx5s will be all insurable under classic limited mileage policies, halved my first years insurance that way. I fwiw I'm the same age as you with 1 yrs ncb and had quotes last month of £1200 on an e39 523

I did manage to get quotes of around £2,000 a MK3 Supra with some extensive mods (rollcage, harnesses, coilovers, that sort of stuff) from some specialists which I didn't find too terrible. I'm going to try getting some quotes from them on some less extensively cars and fingers crossed, I may be lucky enough to pay just £1500 for insurance this year .

If not I'm giving up, losing some weight and getting a bike... providing insurance isn't ridiciolous on those either now

 

[Scania]

Because you are old enough that whatever you drive the risk to the insurer is negligable.

If thats the case, why, in the same quote searching session, I was quoted more to insure a e38 750i than an e39 M5? - I'd have thought a 400bhp speed orientated saloon a higher risk than a V12 engined wafter yet the insurers think different, the declared value of the M5 was higher than the 750 too!

Also, some insurers give me a huge discount for being an accident free professional driver, others seem to load my premium because I'm a professional driver!


There seems to be little logic to our insurance industry at times....;

 

[SGWills]

there is no logic its all stats based hence why so people get annoyed with insurance

 

[Martynt74]

There seems to be little logic to our insurance industry at times....;

I agree, we currently pay £850 for a 5yr old 1.9 120bhp diesel Vauxhall Astra (best on comparison sites at the time)

We're now looking at a 6 month old 2.0 170bhp Alfa Giulietta worth 3 times the price for about £440