360 insurance

[Tejlikesferraris]

has anyone ever heard of someone getting insured on a 360 at the age of 21?
if so what kinda price range? clean licence 3yrs no claims

lets say the 360 is around the £60k mark

[Sharief]

www.confused.com

How you managing to afford that one then? If you don't mind me asking.

[petestorey]

I remember getting a quote when I was 21 and it was about 9k. I paid 3k a year on my (Group 20 admittedly) Elise Sport 160 so I'd guess somewhere between the two.

[Tejlikesferraris]

£9,000 seems reasonable i was expecting £30,000 or something very stupid

[Olie Baxter]

Crikey! What industry you in buddy???

[Tejlikesferraris]

is a 360 at 21 surprising?
just kidding, id rather not say to be honest

[JKay]

I live in the Far East. Many 20 something year olds drive round in £60k cars here. Unfortunately, over £60k would get you nowhere near a 360. Even early 360's are double that. How I miss cheap cheap UK car prices

[Jonty99]

Try these:

http://www.michaelwardassociates.com/

Micheal ward associates were recomended to me when I posted on here a couple of months back to get insurance on an F355 Spider, and Im 24. I'd been getting quotes of about £4500, these guys insured me for £860!!!!

Here's the thread of when I asked with other peoples feedback.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[JustinP1]

Tejlikesferraris said:

is a 360 at 21 surprising?
just kidding, id rather not say to be honest

If its something dodgy then a Fezza is the quickest way to show the Revenue you are making money and the easiest excuse to give the BiB to pull you over...!

[Tyrant]

I had a quote from my insurers Elephant on an early 360 of £2333 and I'm 22. In terms of the cars value, lots cheaper to insure than my current Elise.

[LittleBro]

Tejlikesferraris said:

has anyone ever heard of someone getting insured on a 360 at the age of 21?
if so what kinda price range? clean licence 3yrs no claims

lets say the 360 is around the £60k mark

There's been a number of threads of young-ish lads driving cars of that ilk on here of late, I'm sure on of them will pop along soon.

With the run the economy has had over the last 10 years and the way the world has changed, its becoming more and more common seeing young lads making money legitimately at a young age.

Good luck in the search.

[TSFerrari]

im liking the sound of these low figures

its nothing dodgy,

[jimmyd123]

Elephant always come up tops for me. Just make sure you add a female or two as named drivers (Mum & GF?), it reduces the price by a fairly decent amount usually.

Note, I don't have a 360 but have been quoted.

[jonny5]

jimmyd123 said:

Elephant always come up tops for me. Just make sure you add a female or two as named drivers (Mum & GF?), it reduces the price by a fairly decent amount usually.

Note, I don't have a 360 but have been quoted.

Just don't claim with them .

[elms]

jonny5 said:

jimmyd123 said:

Elephant always come up tops for me. Just make sure you add a female or two as named drivers (Mum & GF?), it reduces the price by a fairly decent amount usually.

Note, I don't have a 360 but have been quoted.

Just don't claim with them .

...thats where saving money doesnt seem such a good idea.

[zahal]

seconded

[Vesuvius 996]

Cheap shitty car insurance for a Ferrari. Yes, great idea.

Speak to Quantum plc about a Chubb Masterpiece policy and do it properly or not at all.

[JohnG1]

I'd like to offer a slightly different opinion...

Imagine that there is some "measurable" "fair" price for a premium - that's a reasonable assumption.

This will be based on statistic and so on. Suppose that for a 21 year old with 3 years driving experience and a XXX postcode this is £3,000 per year.

Now, all insurers share data and have access to the same information. So why does insurer X charge less than Insurer Y? Well, it may be that Insurer X is somehow better at managing their business, better at investing the premiums gathered and so on.

I don't think that's the case. What does seem to differ is the ease of claiming on the insurance. Some insurers will say "certainly Sir, here's the agreed value, we'll collect the wreck and job done". Others will argue and bitch and kick back hard. Some insurers will allow you to repair the vehicle where you choose - others ask you to use their accidnt repair centre.

So, while the premium is a significant factor in which insurer to use, I would advise looking at the reputation of the firm - does it pay up when you claim? There's no point saving £300 on a £60,000 supercar when they make you spend f**king weeks on the phone, letters, emails and faxes just to make a claim.

All in my humble opinion. To encapsulate, remember, if you pay peanuts, you get monkeys....

[TSFerrari]

to be totally honest i couldnt really care what the insurance offers, the law says i need valid insurance and valid insurance is what i seek.

Being 21 i wouldnt want to spend £20,000 on insurance, it just seems like a waste of money at an age where that £20k could be useful elsewhere

[jackyum]

Dreamer