Best high performance car insurance - Young Driver

[jj.]

Some 27 yrs ago (when I was 19!), I paid something like £1019 for a years insurance on my £4500 AX GT (sub 90bhp)..!

I would think in today's money, £3k for insurance for something with what, 400 ponies?, at your age was reasonable ...??
jj

[JJbing]

Must be the c63, being a hooligans car..

I've got a Maserati Granturismo S and Audi S5 on multicar with admiral at the ripe age of 24 total cost is £965 per year

Edited by JJbing on Tuesday 19th November 13:01

Add your parents if they have a clean license..

Edited by JJbing on Tuesday 19th November 13:08

[DaveH23]

Hammy98 said:

Make sure you put your voluntary excess to the max they'll let you, I've had to do this with my last couple of policies (Modified Mini Cooper S and M140i) to make the quotes more realistic, just make sure you have enough cash set aside to cover it should the worst happen.

For the past 4 years having mine set at 0.00 or £50 and is the cheapest.

I always had it around the £1/200 mark and decided to play with ot when renewing a few years ago. Bringing the excess down lowered the annual premium. Go figure.

[EdEd]

I’ll try make a few alterations to the quotes.

Tried hilcux and BIPA but no luck either. Hilcux only give multi-car insurance no single insurance.

-_-

[RSTurboPaul]

Give Greenlight brokers a call.

They usually put higher risk / modified drivers with Highway (now part of LV) or Markerstudy for reasonable price.

They don't get great reviews when it comes to claiming, so don't crash yourself

[monarodom]

Try adrian flux or sky insurance. I was with Admiral when I bought my Monaro mid-policy at 21 and it cost 1100 for the year in total but they tried to hike it up after that. Sky came in cheaper and it's been gradually chipping down in the nearly 8 years since!

[EdEd]

Greenlight said they were not interested in Mercedes or BMW 🤣. Also said they require ownership of at least a year before they insure..

[StottyGTR]

Seems oddly expensive. I'd try a few quotes on similar cars like RS4 and M5. If they come out with a similar number than your address/age/lack of no claims is making it expensive.

If other quotes come out cheap though... I'd look towards buying something cheaper to insure but with the same performance.

[EdEd]

Thank you to ever suggested lowering the excess!!

I reduced the excess to £0 and my quotes came out at a £1000 less!

Fully comp, £550 total excess, including mods to the car = £2500 (elephant/admiral).

[RSTurboPaul]

That's not a terrible price for your situation, and I'd prefer Elephant/Admiral over dealing with Adrian Flux brokers...

[Mr Tidy]

I'd avoid Admiral if at all possible given the experience a relative of mine had when he claimed last year, but I suppose it depends how lucky you feel.

£3K doesn't seem mad for an AMG at your age to be fair.

Edited by Mr Tidy on Wednesday 20th November 03:02

[AJB88]

Try insuring it on a modified policy as well and declare something like air filter upgrade.

All of my cars have been modified, modified policies have always been cheaper than insuring the standard car as well.

[foxmeister]

95JO said:

Make sure you're putting the car on the drive or road, as it is drastically cheaper than garage - Not only that, do the same for where it's parked during the day (e.g open public car park is cheaper than secure etc). Obviously be realistic, don't outright lie. Try adding yours and any named drivers (add parents if you haven't already) drivers licence numbers, this dropped my quote 20% alone.

Edited by 95JO on Tuesday 19th November 09:49

Whats the reasoning behind where you park it? Ive never parked my cars in a garage but always assumed this was the best possible scenarion for insurance purposes as its out the way, why would it be cheaper on the road? Same with open against secure car park?

[GT03ROB]

foxmeister said:

Whats the reasoning behind where you park it? Ive never parked my cars in a garage but always assumed this was the best possible scenarion for insurance purposes as its out the way, why would it be cheaper on the road? Same with open against secure car park?

I believe the logic with garages is that gives a potential thief time without being in sight to steal a car. On a drive there's no cover.

[RPJEssex]

Try Keith Michaels, they are a broker who have access to many underwriters mentioned here, including ERS as well.
Others have mentioned Flux, Greenlight, paceward.
Have you considered brentacre or Peart performance marque?

Being honest, your age and vehicle choice is (from an underwriting perspective) a very high risk which is why the market is giving you those rates. Hopefully one of the above can help if not it’s a case of choosing something more sensible or paying up!

[FA57REN]

foxmeister said:

Whats the reasoning behind where you park it? Ive never parked my cars in a garage but always assumed this was the best possible scenarion for insurance purposes as its out the way, why would it be cheaper on the road? Same with open against secure car park?

Frequent claims resulting from damage when driving into / out of garages

[95JO]

GT03ROB said:

foxmeister said:

Whats the reasoning behind where you park it? Ive never parked my cars in a garage but always assumed this was the best possible scenarion for insurance purposes as its out the way, why would it be cheaper on the road? Same with open against secure car park?

I believe the logic with garages is that gives a potential thief time without being in sight to steal a car. On a drive there's no cover.

That, and from what I've heard it's because there's an increased risk of damage (e.g. garage roof falls through, items fall on it due to adverse weather). As well as an increased risk of theft as it's easy for a thief to identify your car once inside the house, whereas if it was parked on the road it would be more difficult. Also, less chance of CCTV/public picking up anything in a garage whereas the street/drive is typically more well-lit and can act as a deterrent in itself.

[RSTurboPaul]

As a thought, have you considered doing the High Performance Course driver training?

IIRC it's just over four-figures to do it, but then you don't appear short on funds

If the situation is still the same as when I did some Young Driver training with them, they have their own insurance arrangements that also lets the members drive each others' cars (which can be very tasty), so it might well be that it is a lot cheaper than 'normal' insurance because you have shown you can drive well.

The main benefit is that your enjoyment and safety on the road will also be increased!

[Hammy98]

EdEd said:

Thank you to ever suggested lowering the excess!!

I reduced the excess to £0 and my quotes came out at a £1000 less!

Fully comp, £550 total excess, including mods to the car = £2500 (elephant/admiral).

Christ, I'll try that with mine next time. It was me who suggested bumping it right up hahaha.

[TwigtheWonderkid]

FA57REN said:

foxmeister said:

Whats the reasoning behind where you park it? Ive never parked my cars in a garage but always assumed this was the best possible scenarion for insurance purposes as its out the way, why would it be cheaper on the road? Same with open against secure car park?

Frequent claims resulting from damage when driving into / out of garages

More to do with cars being stolen by breaking into the house for the keys. When it's on the road, they don't know which house the keys are in.