Youngest TVR Owner?
Discussion
wolosp,
Little insurance story that may cheer you up. I have a mate whos a 21 year old, US national currently residing in the UK. He sold his house and made a bit of cash and fancied a Cerbera 4.5, he lives in Bethnal Green. The broker referred the quote to a insurance company as they couldnt quote, after two weeks the insurer came back with the most competitive quote that they could offer, and that was.....
£13,000!!!!
Matt.
Little insurance story that may cheer you up. I have a mate whos a 21 year old, US national currently residing in the UK. He sold his house and made a bit of cash and fancied a Cerbera 4.5, he lives in Bethnal Green. The broker referred the quote to a insurance company as they couldnt quote, after two weeks the insurer came back with the most competitive quote that they could offer, and that was.....
£13,000!!!!
Matt.
Plotloss
You'll probably find that your 21 year old mate's quote was so high because the insurance company were concerned about third party claims, not so much replacing his £23k Cerb.
Imagine the pay out they would make if, for example, he skidded through a bus stop of people and left 5 of them disabled. All of whom were trainee barristers. Ok I'm stretching it here - but my point is they take a view of the risk of a big claim - and replacing a £23k Cerb is peanuts compared to loss of earnings, compensation, lifetime of medical care etc.. that they ould have to fork out for if the worst happened.
Nothing against your American friend, or his age. They clearly didn't want his business - either because they genuinely thought the risk was huge, or because it didn't fit with their desired profile/portfolio.
I still despise all of the money grabbing barsteward Insurance cmpanies though!
You'll probably find that your 21 year old mate's quote was so high because the insurance company were concerned about third party claims, not so much replacing his £23k Cerb.
Imagine the pay out they would make if, for example, he skidded through a bus stop of people and left 5 of them disabled. All of whom were trainee barristers. Ok I'm stretching it here - but my point is they take a view of the risk of a big claim - and replacing a £23k Cerb is peanuts compared to loss of earnings, compensation, lifetime of medical care etc.. that they ould have to fork out for if the worst happened.
Nothing against your American friend, or his age. They clearly didn't want his business - either because they genuinely thought the risk was huge, or because it didn't fit with their desired profile/portfolio.
I still despise all of the money grabbing barsteward Insurance cmpanies though!
Tom,
Try Mannings (number in Sprint). I've just had a bloody excellent renewal quote from them.
25, full NCB, inc track days, TS10 offence, wifey (also 25 with clean license) - Grand total of £830 (can't remmeber the xs but it's < £250).
I'm (currently) with Privilage, paid £1260 last year.
Steve
Try Mannings (number in Sprint). I've just had a bloody excellent renewal quote from them.
25, full NCB, inc track days, TS10 offence, wifey (also 25 with clean license) - Grand total of £830 (can't remmeber the xs but it's < £250).
I'm (currently) with Privilage, paid £1260 last year.
Steve
quote:
wolosp,
Little insurance story that may cheer you up.
And another couple.....
Used to quite often get asked the value of the car, and thats my quote...
However, creme de la creme.. Today, I want a quote on a volvo 840 estate (dog carrier) and they won't insure me on a group 16 car cause I'm only 26....
quote:
Mate that's bollox's, i'm 26 and pay £1900 on a 911 Turbo with 3yrs NCD. Keep looking!!!
I have had my Chimaera (insured !!) for 3 years, before that a 350i and before that a TVR S1.. I just thought it was funny that I can still be refused quotes despite owning a 200bhp or so 4litre Chimaera...
You have to remember the insurance market is just like any other financial market. Insurance companies will have a risk profile that they see as being profitable e.g. 30-40 year olds with 2.0ltr cars.... Different companies will have very different risk reward profiles. This will explain why a company you have been with for a number of years (competitively) suddenly becomes jokingly uncompetitive. With my Porsche I got very good quotes so long as the car was under £35k, if I went 1p over that insurer wouldn't quote. However if I went for a more powerful Porsche (turbo) that insure came back, even thought the car was more than £35k. The quote was more than above but less than what I would have paid on the non-turbo car had I been forced to use a different insurer.....
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