Insurance pricing me out of an M4 at 29 YRs old??
Discussion
Mr Tidy said:
James6112 said:
thebraketester said:
How much did you expect it to be? What's a reasonable amount in your opinion?
£500 a yearI was paying nearly that to insure a 2.8i Capri when I was 29, and that was in 1988!
I was completely gutted in all honesty at the time, and I ended up in a 2.9 Sierra XR4x4 instead. Don't get me wrong I loved the XR4x4(and it had 150bhp in fairness), however the Fiesta RS Turbo was the car that I really wanted though for sure at the time.
I genuinely feel for the younger generation nowadays though, because how the hell do they get into anything quick now?
Mr Tidy said:
cerb4.5lee said:
I genuinely feel for the younger generation nowadays though, because how the hell do they get into anything quick now?
I don't really!They get there by giving up other things like I had to.
Everything seems to be a given now I reckon. Gosh we're old farts!
cerb4.5lee said:
Mr Tidy said:
cerb4.5lee said:
I genuinely feel for the younger generation nowadays though, because how the hell do they get into anything quick now?
I don't really!They get there by giving up other things like I had to.
Everything seems to be a given now I reckon. Gosh we're old farts!
AyBee said:
SuperPav said:
£200 a month/£2k a year does not strike me as a ridiculous insurance cost for an M4 for a sub-30 year old..
Maths/reading not your strong point? £230/month and there are 12 months in a year - £2.8k!Shiv_P said:
I think it is very largely postcode & job description dependent
I've always worked in IT and regardless of sectors I've not noticed any changes, but I'm sure jobs make a difference. One thing I did realise was post code. Chap on another forum was saying how much his insurance was on something like an E63 AMG and blamed his postcode. I was skeptical so did a price comparison and despite me living on the edge of a London Borough/Surrey it was half a quote using his postcode which was Manchester. I had no idea premiums were that hugely affected by it.
I can't grumble too much, I just bought a Saab 9-3 admittedly it's hardly a rocket ship (although 280bhp/4WD) and definitely not a theft magnet but Esure were willing to match my 13 years no claims on another car I have and it came in at £220 for the year.
Mr Tidy said:
cerb4.5lee said:
I genuinely feel for the younger generation nowadays though, because how the hell do they get into anything quick now?
I don't really!They get there by giving up other things like I had to.
The OP is looking at a car which goes better/faster/further than anything that was available in the late 80s when we were paying £500 (£1800 in todays money) to insure some stbox that managed half the performance with half the comfort, half the economy (ok that mattered less at under a quid a gallon ), with a tenth of the toys and would fold up like a paper bag when we stacked it .
But it was fun, and no speed cameras .
OP, I would say the same as others have, look at a 718 Cayman. Not as many ponies but a much more special car and a lovely thing to own .
cerb4.5lee said:
I remember not even being able to afford to insure a Fiesta RS Turbo back in 1993...all 130bhp of it!
.....
I genuinely feel for the younger generation nowadays though, because how the hell do they get into anything quick now?
In fairness just about any 1.6t hatch of today would wreck most "quick" everyman cars from 20-30 years ago, and most working 20-somethings can cover such an expense. .....
I genuinely feel for the younger generation nowadays though, because how the hell do they get into anything quick now?
We're not talking about quick cars, we're talking about a near £100k, near 500hp machine that would have been a supercar slayer not many years back. Expensive for someone under 30 insure? And in other news...
alscar said:
Donbot said:
Seems mad to be paying insurance monthly on a £30k car. It's often around 30% APR.
I thought only desperate people do that.
Agree. Just checked my Chubb policy renewal and for 12 instalments ,overall premium increases by 4% - APR for such is 7.6%. I thought only desperate people do that.
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