18 Year Old - BMW Insurance
Discussion
anonymous said:
[redacted]
This isn't being daft... I'd move it on (hopefully you got it at a good price) and buy something cheaper and/or insurable. An old car will depreciate less than this and will offset some of the insurance premium.OP, where are you in the country (roughly) - my mate is paying £1k to insure a diesel 206 at 34, with no claims or convictions in Coventry - which is about four times what I'd pay in south Wales. What do you do for a job? Some jobs and areas would be a no-go even if you were 55 with ten years' no claims.
As a 23 y/o with some nice motors, I can tell you categorically it isn't worth it until at least 21. For most people quotes take a big dive after hitting 21.
Each penny you spend over the odds on coverage until then is money that can be going towards nicer cars when you don't have to splash silly money each year on insurance.
Each penny you spend over the odds on coverage until then is money that can be going towards nicer cars when you don't have to splash silly money each year on insurance.
I bought and insured a 328i when I was 19, cost £1900 TPF&T through tesco. After the first year it went down to £1000 fully comp with Bell, who were superb for mods cover. A list of mods as long as my arm for £19 extra.
Two things. One, don't listen to the negativists, having a car like this at your age is f
king sweet. Unless your peer group all have access to daddys money (assuming you don't) then none of their corsas or fiestas can touch you. It is worth the money.
Two, get a petrol one FFS. Bragging rights disappear with a diesel.
Two things. One, don't listen to the negativists, having a car like this at your age is f
king sweet. Unless your peer group all have access to daddys money (assuming you don't) then none of their corsas or fiestas can touch you. It is worth the money.Two, get a petrol one FFS. Bragging rights disappear with a diesel.
ADM06 said:
I bought and insured a 328i when I was 19, cost £1900 TPF&T through tesco. After the first year it went down to £1000 fully comp with Bell, who were superb for mods cover. A list of mods as long as my arm for £19 extra.
Two things. One, don't listen to the negativists, having a car like this at your age is fking sweet. Unless your peer group all have access to daddys money (assuming you don't) then none of their corsas or fiestas can touch you. It is worth the money.
Two, get a petrol one FFS. Bragging rights disappear with a diesel.
Bragging rights disappear when it's sat in the drive uninsured.Two things. One, don't listen to the negativists, having a car like this at your age is f
king sweet. Unless your peer group all have access to daddys money (assuming you don't) then none of their corsas or fiestas can touch you. It is worth the money.Two, get a petrol one FFS. Bragging rights disappear with a diesel.
lithiummedia said:
You're all correct and sensible and everything but I've got it now and want to keep it.
What about being only a little bit mental?http://www.ebay.co.uk/itm/1996-BMW-520I-SE-SILVER-...
My fictional example would be insurable at £3,800 and while it's not the most exciting car you can imagine, it's clean, legal, and a silver BMW. Keep it a year and don't crash and the change would probably get you traded into another 525d next year - add the saving on next year's insurance and it might be as cheap as keeping the current one and SORNing it for year.
(How's that for a cracking bit of man maths?) Of course it depends on location and occupation.
lithiummedia said:
anonymous said:
[redacted]
You're all correct and sensible and everything but I've got it now and want to keep it.If you're going to keep it you'll have to stump up the asking price. You'll not be able to afford to scratch your arse, but you'll have a nice car to boast about.
Cut your losses and sell it then buy something insurable and chalk it up to experience.
At £315 my insurance is quite expensive for an old car, but I don't want a cheap insurance policy.
Hmm....
Either your just making stuff up... In which case that's a pretty sad way to amuse yourself on a Monday night.
OR
you've bought at presumably great expense a car which is quite obviously going to be way outwith the wrelms of being insurable at your age, without even getting a quote first. Which would make you a catastrophic moron.
I'm not sure which it is...
Either your just making stuff up... In which case that's a pretty sad way to amuse yourself on a Monday night.
OR
you've bought at presumably great expense a car which is quite obviously going to be way outwith the wrelms of being insurable at your age, without even getting a quote first. Which would make you a catastrophic moron.
I'm not sure which it is...
lithiummedia said:
You're all correct and sensible and everything but I've got it now and want to keep it.
Well, your call, but there is a disconnect between your ambition and reality.No insurer is going to insure you at a level that you find acceptable, I'm afraid. At least, not without some economies in the truth department.
Surely one of the confused.com style websites will give you a quote of some sort.
Admittedly, I didn't buy my first BMW till I was 21 but that was hardly extreme in insurance cost and I would have thought as an 18 year old you'd have budgeted a bit more.
Also saying that because you bought it you should be able to drive it sounds ridiculous.
Admittedly, I didn't buy my first BMW till I was 21 but that was hardly extreme in insurance cost and I would have thought as an 18 year old you'd have budgeted a bit more.
Also saying that because you bought it you should be able to drive it sounds ridiculous.
CYMR0 said:
What about being only a little bit mental?
http://www.ebay.co.uk/itm/1996-BMW-520I-SE-SILVER-...
My fictional example would be insurable at £3,800 and while it's not the most exciting car you can imagine, it's clean, legal, and a silver BMW. Keep it a year and don't crash and the change would probably get you traded into another 525d next year - add the saving on next year's insurance and it might be as cheap as keeping the current one and SORNing it for year.
(How's that for a cracking bit of man maths?) Of course it depends on location and occupation.
That was some good man-maths... makes perfect sense to me...http://www.ebay.co.uk/itm/1996-BMW-520I-SE-SILVER-...
My fictional example would be insurable at £3,800 and while it's not the most exciting car you can imagine, it's clean, legal, and a silver BMW. Keep it a year and don't crash and the change would probably get you traded into another 525d next year - add the saving on next year's insurance and it might be as cheap as keeping the current one and SORNing it for year.
(How's that for a cracking bit of man maths?) Of course it depends on location and occupation.
lithiummedia said:
18 years old (Full UK licence - 1 year old, Decent area, Tried the whole named drivers, etc)
BMW 525D M Sport
Nearly about to cry, can't get insured from ANYWHERE.
Let the flaming and trolling commence...
Can't get insurance from anywhere..... I'm sure you can- you just haven't budgeted enough....what are you willing/able to spend on an annual policy? BMW 525D M Sport
Nearly about to cry, can't get insured from ANYWHERE.
Let the flaming and trolling commence...
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