I see why people don't insure their cars now

I see why people don't insure their cars now

Author
Discussion

Pig benis

Original Poster:

901 posts

136 months

Tuesday 9th July 2019
quotequote all
Hello folks

In no way shape or form do I condone driving an uninsured car on the public roads, but I now understand why people don't insure their cars. It is bloody expensive!

Over the past few days, I have been trying to insure my BMW 330D LCI Auto, which is completely standard and I barely do any miles. My insurance quotes are coming back at over £500!!!! Which I don't mind paying on an M3, or a faster car, but this is just a diesel BMW...

Speaking to Adrian Flux yesterday, the insurance underwriter told me this car is a high-risk motor, where a lot of people crash them because they are so powerful.. I couldn't believe what I was hearing, since when is 245hp "so powerful"?

My insurance background - licence held for 13 years, with 12 years no claims discount. I also have another car (track toy) with full mods declared and that is £300 per annum to insure,

I'm by no means an insurance expert, so I'm wondering if anyone has any advice on reducing the insurance quotes? I have tried all the big comparison website, Direct Line and Adrian Flux. Do you kind folks have any other insurance companies you'd recommend?

I refuse to pay £500+ for insurance on a diesel, especially as last year it cost me only £342.

Thanks folks
PB

Edited by Pig benis on Tuesday 9th July 09:00

lost in espace

4,985 posts

162 months

Tuesday 9th July 2019
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Quidco/topcashback.

TG105

43 posts

52 months

Tuesday 9th July 2019
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£500 is £10 a week. You’d spend that on one meal, a few beers etc. Think of what the insurance covers you for, aside from the illegality. It not really that bad, is it?

joropug

594 posts

144 months

Tuesday 9th July 2019
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I had a 330ci 231 bhp manual coupe, swapped for a 530d 231 bhp auto saloon and the insurance was more than double.


Elliot2000

677 posts

131 months

Tuesday 9th July 2019
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245hp is more powerful than most cars on the road. A 330d is no slouch either.

£500 is not a lot either - I think most people’s insurance has gone up a fair bit in the last two years- I’m in a similar position to yourself- long held clean licence but with a 116d and it’s costing £470

swagmeister

379 posts

47 months

Tuesday 9th July 2019
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As Ive said on here before iots the compensation culture coming back to bite us. Also the demands of when a claim is made a comparative courtesy car is demanded and not a VW Lupo or suchlike, the demand that only OEM parts are used blah blah blah. We all hate paying insurance but look at the bigger picture. Say your car is worth for example £10k and someone is willing to take the risk of having to fork out in a claim you make - they will accept £500 to cover that risk - would you take that risk ??

Trophy200

210 posts

156 months

Tuesday 9th July 2019
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Try adding partner, wife or mother as a named driver if they have a good insurance record.

Surprisingly it can lower premiums.

Trophy200


parabolica

5,302 posts

139 months

Tuesday 9th July 2019
quotequote all
TG105 said:
£500 is £10 a week. You’d spend that on one meal, a few beers etc. Think of what the insurance covers you for, aside from the illegality. It not really that bad, is it?
In fairness to the OP it was £6.50 per week last year, according to him. I'd be put out as well (and regularly have been over the last few years).

OP are you getting quotes based on really low annual mileage? If it's less than 5k then quotes tend to be high as I found out a few years ago when I taxed and insured my car here whilst I worked overseas for a year. Bump the expected mileage back up to 8-10k and you should see normal quotes again.

BuzzBravado

2,844 posts

126 months

Tuesday 9th July 2019
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Do you live in a ste area?

HTP99

16,579 posts

95 months

Tuesday 9th July 2019
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Put a parent or spouse on your insurance, this can bring it down too.

RazerSauber

846 posts

15 months

Tuesday 9th July 2019
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Martin Lewis advised putting your insurance start date 27 days in the future for the best prices. Helped knock a noticeable amount of the mental quotes my other half was getting. Even managed to get a quote for a work colleague that's cheaper than she was paying this year, despite having an accident.

Alex_225

3,934 posts

156 months

Tuesday 9th July 2019
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Like you OP, I don't condone it by any means but I can see why people don't insure cars in the hope they'll avoid being spotted.

I pay around £500 for a 16 year old E320 diesel because I use it as my main car and it's covered for more miles. My CLS63 is about the same albeit only covered for 1,000 miles a year but I can understand that as it's a 500bhp V8.

I think £500 for a 16 year old diesel worth about £2k and with over 10 years no claims but if i can't get it cheaper then no real option unfortunately.

What is staggering are the prices young drivers pay, literally thousands for something that's not fast or stupidly high value.

JASC1993

16 posts

16 months

Tuesday 9th July 2019
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Recently been looking up insurance quotes for myself as my insurance is up for renewal come the start of April. Now I’ve only had my license 4 years with 2 years no claims but imagine my shock when the insurance quotes for my Saab 9-3 come back at over £2k, more than double what I paid last year!

Fastchas

1,920 posts

76 months

Tuesday 9th July 2019
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I moved from Wolves to B'ham (the crash-for-cash capital of the UK) last year and my premium rose from £300 to £800 for my 320D E91.
When I questioned the rise they said the 3-series is involved in lots of claims.
So my 320d is lumped in with ALL the 3-series claims from 325/330/335's, M3's.
Hardly fair.

Lazermilk

3,232 posts

36 months

Tuesday 9th July 2019
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You don't know how lucky you are in the UK for car and insurance costs, after moving to Austria I realised...

Car prices here are much higher than in the UK, then just to give an extra kick in the balls the insurance is also much higher... I was paying about 1900 euros a year for insurance/tax on a 2.0 MX-5 NC and now pay about 1500 euros a year for a Volvo V40 D3... Mental! mad

JASC1993

16 posts

16 months

Tuesday 9th July 2019
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Alex_225 said:
Like you OP, I don't condone it by any means but I can see why people don't insure cars in the hope they'll avoid being spotted.

I pay around £500 for a 16 year old E320 diesel because I use it as my main car and it's covered for more miles. My CLS63 is about the same albeit only covered for 1,000 miles a year but I can understand that as it's a 500bhp V8.

I think £500 for a 16 year old diesel worth about £2k and with over 10 years no claims but if i can't get it cheaper then no real option unfortunately.

What is staggering are the prices young drivers pay, literally thousands for something that's not fast or stupidly high value.
As a young driver that recently got a £900 insurance quote for a Toyota Aygo, I agree with your statement furious

Baldchap

2,957 posts

47 months

Tuesday 9th July 2019
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I read the average fine for driving without insurance is £250.

My nephew was paying over £2000 with a black box on a sheddy 1.2.

You can see why driving without insurance is such a large scale problem.

jet_noise

3,962 posts

137 months

Tuesday 9th July 2019
quotequote all
£500 is not a lot for insurance these days.
Nonetheless they are not crashed because they are "so powerful".
They are crashed because more knobs drive them than compared to other, lower-insurance-cost cars.

Next time check how much before you buy.

Or get old and live in a cheap to insure area smile
I was paying about £270 for a 2007 C63 last year 5k ltd miles, comprehensive + protected NCB + legal + guaranteed courtesy car.

wormus

11,577 posts

158 months

Tuesday 9th July 2019
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It’s not just about the car of course

You could move, change job, get older etc as they all have an impact. Agreed, sounds like a lot of money to insure a sooter.

By comparison I insure 4 cars, all with business use for £900 total. You could try adding a wife/partner to your policy as that often helps.

Truckosaurus

7,483 posts

239 months

Tuesday 9th July 2019
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It is my experience that if you are reasonably old and live in a reasonably nice area the type of car doesn't seem to matter.

I've been paying £500 for insurance for several years no matter if I've had a 115bhp diesel Volvo or 500bhp BMW or a car worth £30k or one worth £3k.