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alfabadass
1,587 posts
68 months
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I'm surprised it's that expensive for you!
You have no choice and look at it long term. I'm 31 now, 5 years no claims and paying £420 on an Audi TT. Never thought I'd see the day I'd have any car insurance for under £500 never mind a supercar!
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MissChief
1,099 posts
37 months
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FunkyNige said: What law is it actually breaking? I've never seen it mentioned on my documents that the policy holder has to do more miles than the additional drivers. But the 'Main' driver is assumed to be the person driving the car most often and named drivers are only really there as they may drive the car occasionally. If someone is going to drive the car most often then they should be the ones that have the insurance.
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clarkey328is
2,072 posts
43 months
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MissChief said: FunkyNige said: What law is it actually breaking? I've never seen it mentioned on my documents that the policy holder has to do more miles than the additional drivers. But the 'Main' driver is assumed to be the person driving the car most often and named drivers are only really there as they may drive the car occasionally. If someone is going to drive the car most often then they should be the ones that have the insurance. Either way, it's usually the same price whoever is the main driver nowadays, as the insurance companies have wised up to it and base their premium on the highest risk. You might as well rack up the no claims bonus if it's the same price, or even within a couple of hundred quid as it makes a massive difference next year.
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Robb F
3,838 posts
40 months
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FunkyNige said: TheTurbonator said: Don't put your parents down first and then add yourself as a named drive because that is illegal and is fronting. What law is it actually breaking? I've never seen it mentioned on my documents that the policy holder has to do more miles than the additional drivers. http://www.pistonheads.com/GASSING/topic.asp?h=0&a...
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TheTurbonator
1,694 posts
20 months
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FunkyNige said: TheTurbonator said: Don't put your parents down first and then add yourself as a named drive because that is illegal and is fronting. What law is it actually breaking? I've never seen it mentioned on my documents that the policy holder has to do more miles than the additional drivers. Fronting is Fraud and under the 2006 Fraud Act "Fraud by false representation" is defined by Section 2 of the Act as a case where a person makes "any representation as to fact or law ... express or implied" which they know to be untrue or misleading.
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Fantuzzi
1,429 posts
15 months
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Pass plus was a waste of time for me, no one seems to care about it.
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Raize
1,052 posts
48 months
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Fantuzzi said: Pass plus was a waste of time for me, no one seems to care about it. Pretty much. And motorways are 90% the same as dual carriageways, and night driving is something you should have learned during private practice and iirc that's pretty much all that pass plus is about...
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LoonR1
12,483 posts
46 months
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matthias73 said: I don't agree with people driving uninsured, but the amount of money we have to pay blows my mind. The fact that a ferrari driver probably pays less than a tenth of what a 19 year old pays on a corsa, also gripes. I understand that you've earnt the no claims bonus, and your less likely to crash it, but it still gripes. The only compulsorty part o fmotor insurance is the Third Party element, the rest is optional. It's about the dmaage you can do ITH your car not TO your car. A Ferrari going into a bus queue / the back of someone t 30mph will do as much damage as a Corsa. It's just much less likely to happen as Mr Ferrari has priven he hasn't neeed to claim for nn number of years, whereas mr Corsa may wellbe a liability on the roads (see below) matthias73 said: Black box insurance would probably cost me more in the long run, as I drive at the worst times apparently. That probably explains why you're a high risk and therefore a high premium  matthias73 said: It seems silly that there is a law meaning you have to have insurance, but no provisions from the state to obtain it, so private companies can get as much as they like, leading to a knock on from ambulance chasers and the such, end result is a bloated industry which makes no sense. Oh yeah they make loads of money from motor insurance 2000 - 2010, industry lost c£2billion each year 2011, industry lost £600million Google "motor insurance losses 2010" nd "motor insurance losses 2011" for evidence.
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Raize
1,052 posts
48 months
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LoonR1 said: 2000 - 2010, industry lost c£2billion each year
2011, industry lost £600million
Google "motor insurance losses 2010" nd "motor insurance losses 2011" for evidence. Meaningless. Creative accounting can do anything.
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LoonR1
12,483 posts
46 months
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Raize said: Meaningless. Creative accounting can do anything. Except those figures are from Deloitte (yes I know they're a firm of accountants) passing opinion on the motor insurance market as a whole with no axe to grind either way. What do they gain out of "creative reporting" Can you back up your allegation of "creative accounting" in a bit more detail too. I'm particualrly interested in your views on reserving, Solvency 2, settlement triangles, periodic payments and the Credit Hire / Injury volumes over the past decade.
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jonnydm
4,625 posts
78 months
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Been looking for quotes for a second car recently. One supposed specialist insurer wanted 27 grand(!) Before emailing me a quote for just 7! And although I wouldn't have any NCB on this as its tied up on my main car and I'm not too old this was for 4k pa in a hot hatch! Even a common multi car policy worked out at almost 3k.
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Rostfritt
804 posts
20 months
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I assume you have just passed your test? Come back in a year, somehow time spent with a licence is as important as driving experience. Unfortunately due to fronting, you won't be able to go on your parent's insurance for occasional use. So in a years time, get insurance for probably a grand less than it costs now and try and remember how to drive.
On another note, I saved £1000 in my first year with PassPlus, but almost everyone else I know saved nothing or about £5. Might be worth doing anyway, depending on how good your instructor was, you might learn something.
Also check if those cheap Beetle quotes are for a main car, even on normal quote engines, classic cars are assumed to be a second vehicle and some classic insurers won't even quote for a main car.
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GBTurbo
212 posts
40 months
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Young peoples insurance Poor b  ds. We've got apprentices at work paying £2000-£3000 a year with trackers in the car restricting the times they can drive otherwise they get a fine of like £80? WTF Again, poor b ds.
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Mr Happy
4,273 posts
89 months
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VTECBOY said: Escort MK2
Would this come under classic car? if so anybody know a good classic car company that do insurance for under 21s? Wouldn't the purchase price of a Mk2 be about £7k for one that's just about driveable??!! They feature MASSIVE 'scene tax' unfortunately. Could try looking for a Vauxhall Viva, Talbot Sunbeam, Ford Cortina or something along those lines - the Mk1 and Mk2 Escorts are pricey! (of course, if the purchase price isn't a problem - go for it, but you'll probably find nobody will give you a classic policy at your age unfortunately)
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TallbutBuxomly
11,962 posts
85 months
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Glad this topics come up. just had to renew my insurance. Last year 450 fully comp with 200 quid excess. This year another years ncd another year with no point claims etc and its gone up by near as makes no difference 100 quid and thats with doubling my excess. Its not just young drivers getting reamed i'm 36 ffs. My car is kept in a secure complex at night and secure carpark during the day. But because i do 50k miles plus a year i get reamed. I appreciate loon standing up for the ins industry but tbh they are their own problem. They are losing s tloads of money as they are so involved in all these whiplash claims schemes. When claims are made for personal injury rather than fight them it seems most insurers just pay out as they assume its cheaper even in cases such as cited here on forum where people who werent even present at a crash were claiming for whiplash. I have no sympathy for uk insurers. the whole system is inept.
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sparks_E39
6,575 posts
82 months
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Just had a play, I can insure my 528 for £590ish now I'm 25. That's fully comp. It's gone down £200 in 4 years, not good enough I'm afraid. I'd be happier if it was £400ish like it should be.
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LoonR1
12,483 posts
46 months
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TallbutBuxomly said: I appreciate loon standing up for the ins industry but tbh they are their own problem. They are losing s tloads of money as they are so involved in all these whiplash claims schemes. When claims are made for personal injury rather than fight them it seems most insurers just pay out as they assume its cheaper even in cases such as cited here on forum where people who werent even present at a crash were claiming for whiplash. I have no sympathy for uk insurers. the whole system is inept. As insurers we don't help ourselves with perception but the publics perception doesn't truly reflect reality. Whiplash is impossible to fight as a large company. You lose every time and simply payout upwards of £8000 instead of c£2000. So fighting it is not worthwhile. Insurers when not at fault do refer on but this is purely cost mitigation and barely puts a dent in the overall costs of whiplash claims. The problem is that there are two prices for insurance. The marketing price. Cheap but loss making and the technical price expensive but profitable. We've all got used to paying the marketing price but the market is moving towards the technical price now.
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TheAlfaMale
406 posts
17 months
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Insurance companies should not exist. If the Government says that it is illegal to drive without insurance then the Government should provide the insurance and it should be funded by the existing, stupidly high, fuel tax.
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catman
840 posts
44 months
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I've just renewed my insurance. I'm 57, full no-claims bonus, no accidents, Mondeo 1.8. I had 1 "sensible" quote! (Still far too much, in my opinion)
Nothing has changed since last year, but I lost count of the amount of insurers who refused to even give me a quote.
Tim
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LoonR1
12,483 posts
46 months
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TheAlfaMale said: Insurance companies should not exist. If the Government says that it is illegal to drive without insurance then the Government should provide the insurance and it should be funded by the existing, stupidly high, fuel tax. Good idea. After all State run industries are always far more efficient than the Private Sector. I did a calculation on a previous thread where this came up (as it always does). The cost worked out at c£3.00 a gallon (65p per litre) IIRC. I'll dig it out when I'm near a laptop to show you the error of your ways. You might not like your premiums now but they will get better whereas an ever increasing cost starting at 65p a litre would be something to whingeing about.
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