Car insurance for lease cars

[m1kelss]

I'm currently looking at ordering a new car, and it looks like leasing is going to be the better option for me.
Unfortunately, however, when I do a car insurance quote, the price goes up significantly when I say that the car owner and registered keeper will be the leasing company (as opposed to it being myself).

For a spot of context, I'm 21 and the car I'm looking at is a Mk8 Golf R (I know, pushing it a bit). Non-telematics insurance quotes start at £968 if I put myself as the owner/registered keeper, but when this is set as the lease company it goes up to £1058. Some days this gap is larger, and it also depends on the comparison site.

Can anyone give some advice, perhaps insurers to try, in order to get the premiums down? Fully aware it'll never be a 'cheap' car to insure for someone my age

Also as a side note, any idea why the price has gone up after moving house? No longer on a housing estate, moved to a tiny village of about 5/6 houses in the middle of nowhere.

Thanks!

[hxc_]

£100 doesn't seem like a big difference to be honest - particularly when compared with the rest of the costs that come with a Golf R.

[journeymanpro]

10% is not a significant hike at all.

[normalbloke]

£1k to insure a Golf R @ 21? I’d snap their arm off before they realise they’ve made a terrible mistake...

[Haltamer]

normalbloke said:

£1k to insure a Golf R @ 21? I’d snap their arm off before they realise they’ve made a terrible mistake...

It's already too cheap; Take the offer before you do too many quotes and jack the price up any further.

[Alex Z]

normalbloke said:

£1k to insure a Golf R @ 21? I’d snap their arm off before they realise they’ve made a terrible mistake...

I wonder if this is the monthly cost rather than annual?

[m1kelss]

Alex Z said:

I wonder if this is the monthly cost rather than annual?

Thankfully it is the annual cost - I would’ve parked the idea of getting this car if it was monthly!

[nickofh]

£1000 ! Take it everyday.

More than 10 years ago when I was 21 I paid over £2500 to insure a three year old Subaru WRX. £1000 is a bargain for the risk on that car.

[jules_s]

I just bought an R variant VW

At 21 I would have lost my licence within a month

[captain.scarlet]

nickofh said:

£1000 ! Take it everyday.

More than 10 years ago when I was 21 I paid over £2500 to insure a three year old Subaru WRX. £1000 is a bargain for the risk on that car.

Wow, I thought I had it bad at 28 with a 10 year old V6 Skoda Superb at £1,600 per annum. My excess was crazy as well.

A tip on that though generally: if you find a quote via a comparison website, follow the link and open it in a new tab/window. It will give you a unique quote reference which is valid for however long. You can always go back to it later on.

Then play around with the excess figures on the comparison website. Bizarrely I've found that prices can come down even further, and sometimes a lesser excess can give you a cheaper premium. It just needs a bit of patience.

[PH_77]

m1kelss said:

I'm currently looking at ordering a new car, and it looks like leasing is going to be the better option for me.
Unfortunately, however, when I do a car insurance quote, the price goes up significantly when I say that the car owner and registered keeper will be the leasing company (as opposed to it being myself).

For a spot of context, I'm 21 and the car I'm looking at is a Mk8 Golf R (I know, pushing it a bit). Non-telematics insurance quotes start at £968 if I put myself as the owner/registered keeper, but when this is set as the lease company it goes up to £1058. Some days this gap is larger, and it also depends on the comparison site.

Can anyone give some advice, perhaps insurers to try, in order to get the premiums down? Fully aware it'll never be a 'cheap' car to insure for someone my age

Also as a side note, any idea why the price has gone up after moving house? No longer on a housing estate, moved to a tiny village of about 5/6 houses in the middle of nowhere.

Thanks!

If you're sweating about 100 notes for insurance costs then perhaps this isn't the best choice of car ownership for you. A bust windscreen or tyre will cost you the same again. Any damage to the car and you'll either have to pay your excess (and suffer increased premiums) or get hit with damage charges when you return the car. Whatever your decision, best of luck.