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.blue
Original Poster
410 posts
49 months
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As I'm nearing the end of uni and have convinced myself that I'm overall sensible enough for a sporty-ish car, I started undertaking research on a monumental scale, using whiteboards, spreadsheets, Evernote - the lot - all to keep track of insurance prices. I won't be wasting more than £1000 on insurance. Budget for the car is £3000.
The dream would have been a Prelude but this is way too much to insure. MX-5's too are surprisingly overbudget on the insurance front.
So, any other ideas? Pretty much anything goes but please avoid posting useless comments saying this is impossible - I know it's going to be hard.
Ideally looking to hear from people of a similar age (21 with clean history and 2yrs NCB) who have actually found something fun and insurable at a relatively reasonable cost.
Cheers.
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samdale
1,909 posts
53 months
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I'm 23, 1yr NCB, I pay £550-ish fully comp on my MR2 N/A. Was quite a bit more to insure a turbo mind.
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Farmboy UK
176 posts
52 months
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I'm 21 with 1 years NCB and my 1.8 MX5 Mk1 costs £600 to insure....
Edit: I actually had zero NCB when I took out the insurance!
Edit 2: And a non-standard exhaust
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kiethton
1,737 posts
49 months
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BMW 320i coupe - Friend got one for £1900 (2002 SE) a few months ago at 22 and it costs him £450 to insure, I can believe it as my 335i cost me £850 at 21, although is now £900 at 22 although out of budget.
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mullerrice18
192 posts
58 months
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I'll be 21 soon and insurance quotes on an mx-5 have come in at £700 for me.
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samdale
1,909 posts
53 months
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I'm 23, 1yr NCB, I pay £550-ish fully comp on my MR2 N/A. Was quite a bit more to insure a turbo mind.
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Farmboy UK
176 posts
52 months
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Are you trying to insure a Eunos or a UK MX5. An import would explain why your quotes are so high
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Agrispeed
722 posts
28 months
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Buy the car the MX-5 was apparently based on, a Spridget or Spitfire (yes, i would say that - I own one!  ) but the insurance is silly low, and zero road tax, if you can live with a classic...
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dabofoppo
480 posts
40 months
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I'm 21 with 2 years no claims an mx5 (mk1 1.8) is about £6-700 iirc. 106gtis are cheap as are saxo VTRs all Honda vtecs are above 1k. If you really want rwd then try e36 BMWs.
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MonkeyMatt
4,740 posts
76 months
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DanDC5
6,909 posts
36 months
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Shop around with more specialist insurance companies. You should be able to insure a prelude or mx5 easily for that money.
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jimslops
6,419 posts
23 months
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Tried footman James/ other classic policies?
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.blue
Original Poster
410 posts
49 months
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That's crazy! What insurers are you lot with?
I just re-ran a quote and got £1,700... (for both mk1 and mk2 1.8l, 1.6 is slightly cheaper but still too much) I'm stuck with Admiral because I've already built up half a year of NCB which I can't afford to lose by changing insurers mid-way through the policy.
Looking only at UK models, not Eunos/imports.
Edit - this is crazy... the cost to insure my car has gone up 1.5 times compared to what I actually paid 6 months ago. Ugh!
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Typhoon2
77 posts
31 months
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.blue said: That's crazy! What insurers are you lot with?
I just re-ran a quote and got £1,700... I'm stuck with Admiral because I've already built up half a year of NCB which I can't afford to lose by changing insurers mid-way through the policy.
Looking only at UK models, not Eunos/imports. I'm 20, 3 yrs NC, with Admiral (They matched an elephant quote but it's the same company) paying £750 for my MX5. Have you tried adding parents? Lowering mileage? Raising the excess? Post codes can change insurance a lot as well, so it could be your area? Check this to see- http://www.motorcarinsuranceuk.co.uk/post-code-rat...
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.blue
Original Poster
410 posts
49 months
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Typhoon2 said: I'm 20, 3 yrs NC, with Admiral (They matched an elephant quote but it's the same company) paying £750 for my MX5. Have you tried adding parents? Lowering mileage? Raising the excess? Post codes can change insurance a lot as well, so it could be your area? Check this to see- http://www.motorcarinsuranceuk.co.uk/post-code-rat...£350 voluntary excess (going up to £1000 doesn't affect premium), both parents on policy, the optimum mileage in my experience is 6000 for Admiral. Changing from garage >>> driveway knocks off a few hundred pounds. Changing from E rated postcode to C rated postcode also does not affect premium...
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Conor D
1,835 posts
44 months
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.blue said: That's crazy! What insurers are you lot with?
I just re-ran a quote and got £1,700... (for both mk1 and mk2 1.8l, 1.6 is slightly cheaper but still too much) Check out Flux direct, try a quote for a 1.6 Eunos Roadster. I've found them good on the Eunos.
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Baked_bean
1,013 posts
61 months
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Have you tried sky insurance? Through mx5nutz i got insured for 800 on an eunos. i am 22.
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Addymk2
177 posts
41 months
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Proton satira gti. The misses is 19, she picked one up for £990 with fsh and 60k on the clock.
Personlly I think it's an awesome steer! Handles well and with a decent panel filter sounds good too!
Edit: she's paying £900 to insure it through admiral
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bicycleshorts
1,557 posts
30 months
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.blue said: I just re-ran a quote and got £1,700... (for both mk1 and mk2 1.8l, 1.6 is slightly cheaper but still too much) I'm stuck with Admiral because I've already built up half a year of NCB which I can't afford to lose by changing insurers mid-way through the policy. Search gocompare and look at what Diamond/Bell/Elephant are quoting. Admiral will price match these since they are in house. A Eunos will be substantially more than a UK model.
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aka_kerrly
4,776 posts
79 months
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Clearly your problems is that you think you are stuck with Admiral. When you say you cannot afford to lose the no claims discount have you actually calculated it?
Say for instance you paid £1k to insure your current car and halfway through the policy you now want to change to a MX5 you have been quoted £1700 so you'd have spent £2700 for 12months insurance but have 1 years no claims discount.
If you cancel your policy with Admiral after 6 months you won't have 1 years no claims, you will get some of the original £1k back and if you opt to use a specialist insurer you really should be able to insure a 1.6 UK spec MX5 for under £1k in less you live in a war zone.
This means you could potentially have a full 12 months of insurance for less than what 6 months will cost with your existing insurer and the penalty will be loss of 6 months no claims.
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