How Can I Make Insurance Cheaper?

[Petrolhead95]

Got offered a mint condition Golf GTI Mk4 for a price that I really can't turn down, but insurance is pulling my pants down. Best offer I've had is an £800 deposit with 11 payments of £630 a month. Even with the insurance in my dads name with me as a named driver it's around the same price.

Interestingly I was looking at getting a 1.8 Corsa SRi which is faster and newer than the GTI, yet it almost three times less to insure. How does that work?!

Any advice would be helpful as I don't want to turn this offer down.

[Petrolhead95]

Al U said:

Increase the excess, add older drivers with no claims or points. Btw price aside what is it about the golf you desire? Probably other cars with cheaper insurance that will be better.

The price is a huge factor. Plus it's fairly quick with a lot of tuning/modification potential. Remaps completely change the car. Plus I've wanted a GTI for a few years now.

[Petrolhead95]

Bullett said:

1. Fronting is bad ok?
2. You are young (I'm guessing 19) and regardless of how good/safe you are other 19 year olds have a reputation for being in expensive accidents.
3. It's not the value of your car it the value of everyone elses - see thread about the chap who's had his GTR crashed into.
4. Buy a snotter or something unusual and insure that and build up a NCB.

I've got a 1.2 Corsa at the moment which I'm using to build up some NCB with, yet even after 1 years NCB, the GTI insurance quotes barely move.

[Petrolhead95]

Al U said:

When I was 19 I had a lupo gti and my friend had a mk4 golf gti. It used to infuriate him watching a shoebox pull away from him. Before I got the lupo I drove his car and not only did it feel slow but it was quite a pudding in the twisties. Have you driven one? How cheap are we talking?

I'd rather be slower and have a Golf, can't stand the Lupo. Got offered it for £500. Currently looking at somewhere to store it until I have a years NCB in April.

[Petrolhead95]

Al U said:

£500 sounds cheap, don't knock a lupo gti til you've tried it! Could you get the golf and just sell it for a profit?

He's only selling it that cheap because it's me. Buying it and selling it on would be a bit cheeky.

[Petrolhead95]

Thanks for the advice guys.

The obvious answer is to wait a couple of years until insurance comes down but I'm just trying to see if it's possible to insure as of now. If not, I'll carry on in my trusty little 1.2 for a while.

[Petrolhead95]

TVR1 said:

But don't forget, it's not about an old car or your old age or cost of the car. It's the demograph of who is buying that car. A Mk 4 cheepo Golf is bought by who? A young, new driver. Therefore statiscally MK 4 Golfs are more likely to have crashes. It doesn't matter if you have 50 years of no claims-you have bought a car that statistically gets binned. Because it's an old car and is cheap-therefore is purchased by young drivers on a budget.

A case in point, me.
Ferrari 400i, £650, fully comp. 5000 miles a year and a reasonable postcode and on street parking. A Honda Civic, £250 value. Best I could get was £800 fully comp.

So what about the 1.8 Corsa SRi, which surely is more likely to be crashed by a young, new driver than a GTI, less than half the price of the GTI?

After doing about a thousand quotes, I've finally got them down to:

Golf GTI - £1,200 deposit, £690 a month
Corsa 1.8 - £190 deposit, £130 a month

Which is odd considering the Corsa is associated with boy racers more than a GTI, is actually faster and newer as well. I found putting that the car is on the road at night, away from home is £300 a year cheaper than putting it in a locked garage. Insurance makes no sense at all.

[Petrolhead95]

I'm happy with the Corsa quote. Luckily for me, being on a modified car insurance is actually cheaper than normal car insurance (again, how does that make sense?). Staying away from power modifications for the moment, just sticking with brakes, suspension wheels and tyres for the time being.

[Petrolhead95]

ali_kat said:

May I STRONGLY suggest you do NOT buy a faster car!

Elsewhere today Petrolhead95 said:

Just been pulled over for doing 90 MPH in a 40 MPH. Luckily he didn't clock me, but knew I was doing silly speeds. My arse has completely fallen out. So, so, so lucky not to lose my licence.

The fact that you went back through another thread, quoted me, copied it, then tried to find this thread to post it is hilariously sad. Once again I forgot this is PH where nobody breaks any laws etc etc.

*awaits you to find the other thread where I asked help when I was flashed for doing 70 in a 50 on the M25*

Edited by Petrolhead95 on Wednesday 26th November 19:19

Edited by Petrolhead95 on Wednesday 26th November 19:22

[Petrolhead95]

It's amusing how angry people can get over something on the internet. I was pulled for speeding, but no where near 90 - I doubt my car could even reach 75 on that road, let alone 90.

You really think I would be allowed to just drive away if I was doing more than twice the limit past a police car?