Porsche Cayman Insurance For Young Driver
Discussion
Hello everyone...its my first post in the Porsche Forum.
Right, I'm 20 years old and looking to buy a Porsche Cayman (not the 'S'). Unfortuneatley no insurance companies seem to want to touch me for the obvious reason that I'm young.
I've tried to insure this car both in my name and also in my Mum's name (has me as a named driver), but to no avail. I currently have 0 No Claims because I used to drive a Mini and this was under a classic car insurance policy, thus meaning they wouldn't issue me with any no claims bonus(I didn't find out till it was too late
)
I have been driving for three Years now, with no convictions/accidents etc.
This will be my weekend car, so my annual mileage will only be approx <5k.
So can anyone recommend any car insurance companies (with relation to the above info) that might give me a half decent quote. I ain't expecting it to be 900 quid, but something cheaper than £3grand!
Thanks
Right, I'm 20 years old and looking to buy a Porsche Cayman (not the 'S'). Unfortuneatley no insurance companies seem to want to touch me for the obvious reason that I'm young.
I've tried to insure this car both in my name and also in my Mum's name (has me as a named driver), but to no avail. I currently have 0 No Claims because I used to drive a Mini and this was under a classic car insurance policy, thus meaning they wouldn't issue me with any no claims bonus(I didn't find out till it was too late
) I have been driving for three Years now, with no convictions/accidents etc.
This will be my weekend car, so my annual mileage will only be approx <5k.
So can anyone recommend any car insurance companies (with relation to the above info) that might give me a half decent quote. I ain't expecting it to be 900 quid, but something cheaper than £3grand!
Thanks
Sorry but yound driver+new Porsche= expensive insurance, its gonna be heavy no matter what.
You could buy a Boxster a few years old for 1/2 the money and virtually same car. Insurance maybe a bit cheaper this way, if not you can pay it out the money you've saved on the purchase price.
You could buy a Boxster a few years old for 1/2 the money and virtually same car. Insurance maybe a bit cheaper this way, if not you can pay it out the money you've saved on the purchase price.
welcome fella 
in the first instance, stay away from all the usual insurance suspects, direct line, churchill, esure etc as they will not touch you with a bargepole
as the previous poster stated, try the more specalist brokers as they will be able to assist. if you are looking for ideas of who to call, go buy a mag like max power etc and just have a look in the back for specialist broker ads.
at the end of the day, you will get cover. its just that it will cost you, and bog time. I suspect you will be looking at the thick end of 3k, with a similarly large excess of about 2.5k in the event of a claim
one word of advice, do not try to "front" the policy in your mums name. come claim time you will not be covered if it transpires you were the owner and main user of the car.
in the first instance, stay away from all the usual insurance suspects, direct line, churchill, esure etc as they will not touch you with a bargepole
as the previous poster stated, try the more specalist brokers as they will be able to assist. if you are looking for ideas of who to call, go buy a mag like max power etc and just have a look in the back for specialist broker ads.
at the end of the day, you will get cover. its just that it will cost you, and bog time. I suspect you will be looking at the thick end of 3k, with a similarly large excess of about 2.5k in the event of a claim
one word of advice, do not try to "front" the policy in your mums name. come claim time you will not be covered if it transpires you were the owner and main user of the car.
There was a young chap on here about a month ago in the same position as yourself, and i remember there was a really good link to a insurance co. that specified with young drivers...
But i cant remember what the thing was called....anyone remember?
best,
adam
(sorry that post was kinda useless, but good luck!)
But i cant remember what the thing was called....anyone remember?
best,
adam
(sorry that post was kinda useless, but good luck!)
Thanks for the warm welcome and fast replies.
I've tried all of the above apart from Adrian Flux and Footman James..coincidently Footman James were the company that insured me on my Mini's. Don't know why I didn't think of them.
With regards to the Boxster, they just don't do anything for me. I also think that the insurance will be more expensive due to the fact its a rag top (not as secure? I dunno??).
I currently own a BMW 318 M Sport Convertible atm, which I have no problems (touch wood) to insure, so I'm finding it hard to believe that moving car insurance grps from 14 to 17 is making such a deal (ie £3,000 difference), when some of my mates are going around in modified grp 20 cars with insurance costing them less than £2k.
Everyone seems to say this to me...nope not a footballer, wish I was though lol...its just the fact that I Work I suppose and I dnt like to spend my money (I dnt drink, smoke etc either) oh and the fact that I don't have a woman that wants to spend my money lol.
Infact the only reason I Work (at the moment) is so I can have a nice car.
Anyways I'll give Adrian Flux and Footman James a ring...wish me luck
I've tried all of the above apart from Adrian Flux and Footman James..coincidently Footman James were the company that insured me on my Mini's. Don't know why I didn't think of them.
With regards to the Boxster, they just don't do anything for me. I also think that the insurance will be more expensive due to the fact its a rag top (not as secure? I dunno??).
I currently own a BMW 318 M Sport Convertible atm, which I have no problems (touch wood) to insure, so I'm finding it hard to believe that moving car insurance grps from 14 to 17 is making such a deal (ie £3,000 difference), when some of my mates are going around in modified grp 20 cars with insurance costing them less than £2k.
rimmer said:
how can you afford a cayman at the age of 20 are you a footballer or something.
Everyone seems to say this to me...nope not a footballer, wish I was though lol...its just the fact that I Work I suppose and I dnt like to spend my money (I dnt drink, smoke etc either) oh and the fact that I don't have a woman that wants to spend my money lol.
Infact the only reason I Work (at the moment) is so I can have a nice car.
Anyways I'll give Adrian Flux and Footman James a ring...wish me luck
Woody3 said:
With regards to the Boxster, they just don't do anything for me. I also think that the insurance will be more expensive due to the fact its a rag top (not as secure? I dunno??).
The point being that you can buy one 3 years older and this will directly impact in your insurance premium. I'm guessing your mates in group 20 cars are in cheaper ones and have a decent no claims built up?
You probably don't want to hear this, but you are only 20 and you have plenty of time to get a nice car. If its a significant amount of your income that you are spending to get this car (i.e. lots of finance) and you don't own a house yet there is a fair chance you'll regret the car in a few years. What about an early Elise if you want a tactile but more budget concious sports car? I'd be worried about depreciation on a non 'S' Cayman.
adamt said:
There was a young chap on here about a month ago in the same position as yourself, and i remember there was a really good link to a insurance co. that specified with young drivers...
But i cant remember what the thing was called....anyone remember?
best,
adam
(sorry that post was kinda useless, but good luck!)
But i cant remember what the thing was called....anyone remember?
best,
adam
(sorry that post was kinda useless, but good luck!)
Just done a quick search, but couldn't really find anything...I'll keep searching though.
Thanks
Woody3 said:
Thanks for the warm welcome and fast replies.
I've tried all of the above apart from Adrian Flux and Footman James..coincidently Footman James were the company that insured me on my Mini's. Don't know why I didn't think of them.
With regards to the Boxster, they just don't do anything for me. I also think that the insurance will be more expensive due to the fact its a rag top (not as secure? I dunno??).
I currently own a BMW 318 M Sport Convertible atm, which I have no problems (touch wood) to insure, so I'm finding it hard to believe that moving car insurance grps from 14 to 17 is making such a deal (ie £3,000 difference), when some of my mates are going around in modified grp 20 cars with insurance costing them less than £2k.
Everyone seems to say this to me...nope not a footballer, wish I was though lol...its just the fact that I Work I suppose and I dnt like to spend my money (I dnt drink, smoke etc either) oh and the fact that I don't have a woman that wants to spend my money lol.
Infact the only reason I Work (at the moment) is so I can have a nice car.
Anyways I'll give Adrian Flux and Footman James a ring...wish me luck
I've tried all of the above apart from Adrian Flux and Footman James..coincidently Footman James were the company that insured me on my Mini's. Don't know why I didn't think of them.
With regards to the Boxster, they just don't do anything for me. I also think that the insurance will be more expensive due to the fact its a rag top (not as secure? I dunno??).
I currently own a BMW 318 M Sport Convertible atm, which I have no problems (touch wood) to insure, so I'm finding it hard to believe that moving car insurance grps from 14 to 17 is making such a deal (ie £3,000 difference), when some of my mates are going around in modified grp 20 cars with insurance costing them less than £2k.
rimmer said:
how can you afford a cayman at the age of 20 are you a footballer or something.
Everyone seems to say this to me...nope not a footballer, wish I was though lol...its just the fact that I Work I suppose and I dnt like to spend my money (I dnt drink, smoke etc either) oh and the fact that I don't have a woman that wants to spend my money lol.
Infact the only reason I Work (at the moment) is so I can have a nice car.
Anyways I'll give Adrian Flux and Footman James a ring...wish me luck
With regards to the Boxster not doing anything for you...the Caymans just a Boxster with a tin top......although the caymans obviously more structurally solid through having a tin roof the Boxsters far better looking especially with the roof down..
DanH said:
You probably don't want to hear this, but you are only 20 and you have plenty of time to get a nice car. If its a significant amount of your income that you are spending to get this car (i.e. lots of finance) and you don't own a house yet there is a fair chance you'll regret the car in a few years. What about an early Elise if you want a tactile but more budget concious sports car? I'd be worried about depreciation on a non 'S' Cayman.
I would love to own an house, as I'm in the construction trade, but I have no chance in getting on the property ladder until I earn alot lot more money or if I had a partner on a simlar wage. (And I doubt with the amount of tax I pay, I'll get a free house off the Government!...but I'll not go into that)
I just want to enjoy cars while I'm young, as I'll probably never get the chance to do it again if I have a woman/kids etc etc.
On the Elise front, they are a bit too raw for me...I prefer a bit of comfort too.
and the depreciation...will Cayman's really loose alot of money? I wouldn't have thought it would be too bad if I picked up a used model, plus the fact that they are only producing 'x' amount a year?
With regards to Boxsters:
To me they;ve been out since 1998'ish? and just don't seem a new car, I know they have been upgraded etc, but they never have done anything for me. You are now going to say the 911 asn't changed for over 40+ Years, but a 911 is a flagship (is that the word?) car.
The Boxster to alot of people are a cheap Porsche whether we agree or not, but with the Cayman there's not many on the road (unlike the Boxster) and you still get the individuality and executiveness that many cars around 38k don't get. Am I also correct in thinking that the Boxster will loose more with depreciation?
That's my opinion anyway, I don't want to start any arguements or anything
Thanks
To me they;ve been out since 1998'ish? and just don't seem a new car, I know they have been upgraded etc, but they never have done anything for me. You are now going to say the 911 asn't changed for over 40+ Years, but a 911 is a flagship (is that the word?) car.
The Boxster to alot of people are a cheap Porsche whether we agree or not, but with the Cayman there's not many on the road (unlike the Boxster) and you still get the individuality and executiveness that many cars around 38k don't get. Am I also correct in thinking that the Boxster will loose more with depreciation?
That's my opinion anyway, I don't want to start any arguements or anything
Thanks
sleep envy said:
TOENHEEL said:
Im paying bout £2600 on a Boxster and im 21, my grandads the main driver haha.
besides the fact that you may come unstuck in the case of an accident you aren;t building up no claims...
i couldnt get insured on it otherwise most insurers wouldnt even give me a quote and when they did it was a hell of a lot worse than £2600...im planning on buying a track car of some sort maybe an old peugeot 205 or something like that and building my no claims on it.
bermyandy said:
By a 996, and use the £5k you saved to insure it...
Don't worry, this as entered my mind, but I have come to the conclusion that a Cayman is alot cheaper to run, than a 911. Here I go again...being tight with my money haha
Deep down a 911 is what I want, I just don't think I could afford to service it etc.
"Affording a car is not how much it costs to buy, it's the running costs that matter"...very good advice I got taught.
Looks like I'll be sticking with my BMW, with the replies I am getting to be honest.
Least getting old as one plus side haha
woody3 said:
bermyandy said:
By a 996, and use the £5k you saved to insure it...
Don't worry, this as entered my mind, but I have come to the conclusion that a Cayman is alot cheaper to run, than a 911. Here I go again...being tight with my money haha
Deep down a 911 is what I want, I just don't think I could afford to service it etc.
"Affording a car is not how much it costs to buy, it's the running costs that matter"...very good advice I got taught.
Looks like I'll be sticking with my BMW, with the replies I am getting to be honest.
Least getting old as one plus side haha
Not actually looked into servicing of a cayman, but consider this.
Are you financing? 911 at a lower price = lower finance required. 911 at a lower cost = less money lost on depreciation
I think you would be surprised at servicing costs - i think on average probably £400 a year servicing, £700-£800 on tyres. I really dont think its that much more than the cayman. Less when you factor in depreciation
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