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My 3.2 Jag XJ40 was 4 times CHEAPER to insure than my current Volvo 940 2.3 turbo, despite both cars being very close in age and value, the Jag can go on a cherished car policy but the Volvo can't. Try Peter Best for the Volvo, i have a 2000-W Volvo on a cherished policy with them for peanuts! Anyway, a lot of insurance companys like certain cars so can be competative on those, they might be happy with a modern ish Fiesta, not so keen on the older Escort. So even though they will cover you, they try to discourage it knowing that infact you WILL insure that car cheaper elsewhere. |
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ScORTED
Part of things
ITBs = Bwaaaarp
Posts: 427
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insurance is mental, to go from my 1.25 fiesta ghia (75bhp) to an mx5 - 98-02ish my insurance are giving me £30 back... and i only paid about £300 to begin with
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"In engineering there is an answer to everything, It's just that we're usually too ignorant or too dim to see it." Keith Duckworth If you'd binned it into something that either didn't move, or survived intact (like I did, well, technically I landed on top of it, skillzorz... |
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Uncle Silvia
Posted a lot
Datsun Club UK & South West Retro Rides Admin
Posts: 1,492
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Just to make you all feel sick...... I know a 23 year old who pays £1300 Fully Comp on.................... Yes one of these!!!   His 21 year old mate does pay £35000+ Fully Comp on a Zonda tho lol   (Not actual cars but identical to theirs tho!) |
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 1981 KE70 Corolla 1978 B310 Sunny Coupe 1977 Pink Clubman Mini Shorty 1998 Subaru Domingo |
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Uncle Silvia
Posted a lot
Datsun Club UK & South West Retro Rides Admin
Posts: 1,492
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Also my 19 year old friend pays £1800 on a boyracer EK Civic but he fancied something cheaper and RWD. I suggested looking at a grandad spec Volvo 340 or 360 as my 18 year old mate got a £800 quote for one........... he got £2760 with a clean licence?  ? Makes no sence to me??? |
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1981 KE70 Corolla 1978 B310 Sunny Coupe 1977 Pink Clubman Mini Shorty 1998 Subaru Domingo |
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The insurance game is fun,but not in a good way, trying to help my stepson find his first car after passing first time.
17, and desperate to drive, he can't find anything under £6k for insurance. Bit silly really. You price people out of the insurance, then moan that they drive uninsured.
Maybe it is time for the government to bring in basic insurance, like it did with basic bank accounts, forcing the industry to offer affordable minimal cover, minimal liability cover.
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Maybe it is time for the government to bring in basic insurance, like it did with basic bank accounts, forcing the industry to offer affordable minimal cover, minimal liability cover. That surely can't work. Fair enough if a 17 year old crashes their 500 quid car the insurers could save 500 quid by not paying out. They'd still have to pay to fix the brand new merc they'd crashed into though. |
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I've got Rovers.
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most of the classic stuff seems to be fairsly straight forward which is why I tend to stick with that and not mess about with anything which needs an "insurance group" to insure it as it all goes mad then. Some insurers are naturally more expensive than others anyway. The thing to remember is that last year the British insurance industry paid out £14bn in motor claims which is £233 for every man, woman and child in the UK. If even a half of us have car insurance policies that's £466 per policy paid in payments. I've no idea what the cost of admin is before profit but even if its not much you can see its got to be clocking on £600 a year average policy with taxes for them to make even a trickle of profit. As I pay £200 a year or so for my insurance someone has to pay £1000 to balance that out. You know what, that actually makes a whole heap of sense when you put it like that. Does that £14bn include personal injury payouts as well? Or is it just fixing broken cars... That's what needs to be clamped down on really. "Oh no! My neck hurts! *wink wink* A nice cheque will fix it, rubbing money onto sore body parts is a great painkiller.  " |
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that is total payments from motor insurance policies so that's damage, personal injury, theft and all that
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Last Edit: Feb 8, 2012 11:53:46 GMT by akku
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
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Del
South East
Posts: 1,450
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I'm not sure I understand the OP. You were looking to change from a 1.3 fiesta to a top of the range 1.6 escort and the price went up... Isn't that what you'd expect? A 1998 Fiesta and a 1986 Escort, which are both worth roughly the same (and the 1.6 has about the same power). And even if I did expect the price to go up, I certainly wouldn't expect it to be more than double! I'm 42 and been driving for nearly twenty years, I'm not some wet-behind-the-ears lad. |
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'I come not from Heaven, but from Essex'.
The Retro Rider formerly known as Silvermac.
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I'm 38, have been driving 21 years and have 12 years no claims; I've never made a claim, I just didn't have a car 13 years ago.
I'm married, non-smoker, father, live in an ok area, commute off-peak, drive a 12 year old Fiat that's almost worthless, I've got a clean licence (and I've only ever had 3 points - speeding, long since expired)
And my insurance is going to be £600 + come renewal time.
A friend's partner has a new-ish car that replaced one she wrote off a few months ago, worth 4 times as much as mine, and when she re-insured (because, remember, she wrote her last car off) her quote went down to under £300.
So, in summary, there is no logic. Insurance companies just hate me, for some reason.
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You get quoted £1600 to insure an old Escort and you're 42? What did you do? Bum-rape the head of the ABI's wife or something?
Everything in my sig is insured and it costs me about £240 fully comp for the lot.
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Last Edit: Feb 8, 2012 13:50:37 GMT by akku
1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1994 Ford Fiesta
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A friend's partner has a new-ish car that replaced one she wrote off a few months ago, worth 4 times as much as mine, and when she re-insured (because, remember, she wrote her last car off) her quote went down to under £300. So, in summary, there is no logic. Insurance companies just hate me, for some reason. Seems logical to me: old cars are easier to nick and less likely to be driven carefully. If had a newer and more valuable car (but not fast or sporty) I'd imagine your insurance would cost less. As I'm sure you understand, the major cost in insurance payouts these days is personal injury and legal costs. This makes the value of the car small fry compared to the likelihood of it giving someone whiplash. Statistics can be counter intuitive on some levels. |
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I've got Rovers.
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A friend's partner has a new-ish car that replaced one she wrote off a few months ago, worth 4 times as much as mine, and when she re-insured (because, remember, she wrote her last car off) her quote went down to under £300. So, in summary, there is no logic. Insurance companies just hate me, for some reason. Seems logical to me: old cars are easier to nick and less likely to be driven carefully. If had a newer and more valuable car (but not fast or sporty) I'd imagine your insurance would cost less. As I'm sure you understand, the major cost in insurance payouts these days is personal injury and legal costs. This makes the value of the car small fry compared to the likelihood of it giving someone whiplash. Statistics can be counter intuitive on some levels. This seems true enough, but doesn't seem to take into account the actual driver sufficiently to me - on the one hand you have me - I've owned, insured a driven a puny RWD Viva, a normal Ka, a SportKa, an almost new 156, an old Mondeo and now this old Multipla. Never crashed any of them. Never hit anything, Never contacted my insurance company at all apart from change of address or to pay them 15 times. And on the other hand we have someone who has been driving a few years and has already written off one car. A system that makes the latter cheaper to insure isn't giving sufficient weighting to the data about the actual driver in my opinion. I did enquire about one of those 'black box' insurnace schemes where they monitor your driving, but they're even more expensive. |
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Ah, I don't disagree with you there. It certainly isn't fair and in your example the weighting seems to be far more on the car than the driver. I can't provide an explanation for this I'm afraid.
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I've got Rovers.
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Just for a laugh I've just done an online quote using the Delica I used to own in the UK , & paid £156 F/comp. for.
Being completely truthful & using same details as before, I.e. business use 40k/year,spanish licence & only back in UK for 1 month , with 40yrs+ncb from UK & abroad ( 10 here . & they took the full ncb from the UK policy )Best I got was £407.97 , which I didn't think was out the way or £460.82 with full breakdown cover. Mind you the worst was ££8,479.15 !!!! Don't think they wanted me !
I suppose with inflation & the fact that I've been abroad for years raises it .
Spanish insurance was about 3-4 times uk rates when I moved here , now it's on par or cheaper +breakdown is included & a 12 month green card !!
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Todos con Lorca
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rob0r
East of England
Posts: 2,743
Club RR Member Number: 104
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For the people saying the cheaper cars are more expensive to insure, it's because Insurance companies see cheaper cars as higher risk. Say we have two Fiestas, one's worth is declared as £350, and the other is a minter and declared at £2K. To them the £350 Fiesta is classed a higher risk as the people driving them are more likely to treat them like a banger... I found this out the hard way when trying to get insurance for a few of my BMWs. I tend to get good deals on BMWs and I always used to quote their value as what I paid for them (sub £500). I struggled to get insurance until one told me that low value = high risk. I've not had that problem since  . FWIW, I'm 26 driving a modified manual BMW E32 735i on a daily policy for 8K miles, 4 years NCB, no accidents, no points. I pay around £550, which I feel is on the high side, but I'm tied into a multicar policy so I didn't have much choice. My previous car on the policy was a Land Rover Defender and I was only paying £350. |
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E30 320i 3.5 - E23 730 - E3 3.0si - E21 316 M42 - E32 750i
ETC
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I don't get insurance. The only factor I've thought might influence my insurance is that I am self-employed, but I've just been chatting to a friend who is also self employed. He's older than me, but I'm almost 40 so I don't think age is a factor. He pays about 2/3 what I pay.
I suppose my car might be easier to steal, but it has an alarm,. central locking and immobiliser. And I don't think there are many people who want to steal a Multipla, are there? Not exactly appealing to the ram raider (short bonnet, quite unusual, made of tin) or the joy rider (rolly-poly, ugly, slow) or the 'steal-to-order' brigade (too limited a market for parts)
It's not even that with 6 seats there are more potential whiplash claims because I'm paying more than a lot of other Multipla drivers too.
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my sister just brought a Nissan Figroll (Figaro) For anyone unsure of what they are  SHOCKINGLY expensive to insure! My sister is twice my age, married, home owner, mother of 3. On classic insurance (that does use NCB), one years NCB, limited 3000 miles a yr, and aslong as she fits a cat 1 security system it's around DOUBLE what I pay for both my Fiesta and Sierra with unlimited miles, all mods declaired, rented flat, not married, no kids etc! However I have heard since Dec 2011, 9 Figrolls have been nicked! Seems they're a target for crooks! |
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Last Edit: Feb 8, 2012 16:28:24 GMT by Deleted
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Figaro is an import isn't it? I don't think they were sold in the UK anyway. Hence expensive parts and demand always outweighing supply, more expensive to repair, more likely to get nicked and stripped.
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Del
South East
Posts: 1,450
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You get quoted £1600 to insure an old Escort and you're 42? What did you do? Bum-rape the head of the ABI's wife or something? Everything in my sig is insured and it costs me about £240 fully comp for the lot. Exactly my point  And yet, if you can insure eight cars, most of which are at least ten years older than that Escort, at under a fifth of the cost, surely the system is out of whack. |
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Last Edit: Feb 8, 2012 17:24:27 GMT by Del
'I come not from Heaven, but from Essex'.
The Retro Rider formerly known as Silvermac.
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