TPFT on higher value cars

I do not think anyone here would be happy losing 5k, but some might take that risk. Surely FC cant be THAT much more expensive.

Tends to indicate to me its a JDM import?
 
So it's an Integra?

The UK models tend to be cheaper to insure, but many of the places like Adrian Flux etc now only cover 25+
 
[TW]Fox;15326093 said:
He can yes ;)

Like most of us here £5k is a lot of cash. If it was pocket change he'd just pay whatever it was for comp insurance.

I'd be devestated if I lost £5k.
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Have to agree with the above. From a personal point of view when I killed my MK5 Escort (hit a deer) it was only insured TPFT. The car itself was only worth around the £500 mark and it really wouldn't have been worthwhile insuring fully comp.

If you can afford to replace the car should the worse happen (like I had to) without being too much out of pocket the I'd say yes, insure it TPFT. However, on a newer more expensive (5K+) vehicle I'd be inclined to go fully comp just for my own peace of mind.
 
Obvious thread is obvious. But obviously obvious thread obviously isn't obvious to obviously large numbers of obvious posters.

Damn, now I can't figure out if I spelt obvious right or not. ;)
 
Well, from my mates experience:
He bought a 740i when he was 19. Could only get TPF&T insurance. He got hit by someone who left the scene and was in a stolen car. 740i was totalled (bent chassis) and my mate was £10k out of pocket.
I think he made something like 4k back from selling salvagable parts.

He says that if he could change one thing about his teenage years it would have been to either wait a couple of years before buying the 740i or to have bent over and taken the cost for comp insurance.
 
topbanana said:
Why not get a cheaper car? You can pick up an early WRX for £2k. TPF&T on that would make sense
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I looked at getting TPF&T on a cheap UK turbo Impreza and the quote came out more than if I chose the FC option. Don't know why.

I think the comments about if he can't afford proper insurance he can't afford the car is cobblers. How many of us can honestly say that we can easily afford a major failure with the car they own? i.e. a £2-3K engine failure or say a £1-2K gearbox.
 
EddScott said:
I think the comments about if he can't afford proper insurance he can't afford the car is cobblers. How many of us can honestly say that we can easily afford a major failure with the car they own? i.e. a £2-3K engine failure or say a £1-2K gearbox.
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I'm not entirely sure how thats even approaching the same thing?

Nobody is saying if you cannot afford to replace the car in its entirity you cannot afford the car. Merely the insurance angle.

And surely most poeple with half a brain don't buy a car with potentially ruinous running costs without ensuring they have a reserve to run it?
 
mr tommo said:
Insurance can't be THAT much surely??
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I think its more of a case that most insurers refuse to offer a comprehensive policy on a Type R, not that he simply cannot afford it. He'd probably pay £2k for his insurance but nobody is offering him the opportunity.
 
A 1.8IS MX5 will feel plenty fast, with the added fun of RWD too. Whats he driving at the min, 1.2 Clio/fiesta?
 
Personally I think he would be mentalling insane to buy a 5-6k car and only insure it TPFT, specially a high performance one which no matter who you are at 20 you will get a little heavy footed from time to time.

If he can wait till he is 21, prices should drop fairly drastically. Going from a 70bhp to 150bhp+ isnt major if your a sensible driver, don't think i could trust a 20 year old to be resposible enough.
 
If the purchase price is an amount that he would be devastated in losing, then its a no brainer not to bother. As with Rilots story above, it doesnt have to be your fault for a total loss which would not be covered, there is nothing any of us could do to prevent a situation as he describes (and incidently is why i will never drive a car using the useless DOC cover which is peddled by various companies).

I say either pay the comp price, whatever that may be, or wait until comp is available. I would also say that a Type R Honda is an absolutely stupid idea if insurance is the issue, there will be other better faster cars available without the insurance stigma of Type R honda's.
 
Fox, upon looking through the Insurance forum on itr-dc2 (sign up required)

It seems anyone under 21 gets quotes of £2000-3000 for fully comp

Even at 24, it was still high for me, but once I hit 25, it came right down (didn't get it until I was 25)
 
If the TPFT policy is say, a grand, and the fully comp, £2k, just tell him not to crash for 5 years then he will have saved money :p
 
Don't have time to read the rest of the thread, but what does he drive already?

Something like a 318iS might well feel like a performance car too him. Definitely worth him at least test driving something at the lower end first before spanking 5-6k on something he's got a chance of writing off.
 
Tell him to get something like a Clio 172/Mx5 instead for 2-3k and then insure it FC, run it for a couple of years until hes a little older and I cant see it losing massive amounts of money.... and then he can buy a more expensive car...?
 
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