Are young people been conditioned for life long rip off in..
Discussion
Right bit of a rant here.
I am nearly 30 years old, I've had my license 5 years, I have a clean record in every sense with 5 years no claims bonus. I live in a decent post code, I hold a steady job, and I only do 6k a year mileage.
Yet my insurance renewal for a 2 litre diesel 5 series is 1600, and the cheapest cover from a respectable company I can find is 1033 pounds.
I've tried brokers, I've tried comparison sites, I have even fine direct.
This means my past 5 years insurance prices have been as follows:
1. Renault Clio 1.2 - 1500
2. Renault Clio 1.2 - 1000
3. Ford fiesta 1.2 - 800
4. Ford fiesta 1.2 - 700
5. Audi A3 1.8 tfsi - 1000
6. BMW 520d m sport - 1000
Now I was expecting a drop in my insurance prices this year, after all I've been driving a while now and have never had points, and never had to use my insurance (touch wood).
I know prices in general have gone up, but when you hear about older people with points and claims on their record paying a few hundred quid a year, it's just sickening.
I think my generation is been conditioned to pay much higher prices than previous generations.
And there's nothing we can do about it.
I've even looked at what it would cost me to insure a low insurance group car (dacia sandero 1.2 active), even that is coming out at 500 quid.
So am I right or am I wrong?
No point the older patronising driving god / powerfully built directors will be along in a minute to tell me I'm a higher risk than they are, even if they have points or claims to their name. Bring it on driving gods, bring it on.
I am nearly 30 years old, I've had my license 5 years, I have a clean record in every sense with 5 years no claims bonus. I live in a decent post code, I hold a steady job, and I only do 6k a year mileage.
Yet my insurance renewal for a 2 litre diesel 5 series is 1600, and the cheapest cover from a respectable company I can find is 1033 pounds.
I've tried brokers, I've tried comparison sites, I have even fine direct.
This means my past 5 years insurance prices have been as follows:
1. Renault Clio 1.2 - 1500
2. Renault Clio 1.2 - 1000
3. Ford fiesta 1.2 - 800
4. Ford fiesta 1.2 - 700
5. Audi A3 1.8 tfsi - 1000
6. BMW 520d m sport - 1000
Now I was expecting a drop in my insurance prices this year, after all I've been driving a while now and have never had points, and never had to use my insurance (touch wood).
I know prices in general have gone up, but when you hear about older people with points and claims on their record paying a few hundred quid a year, it's just sickening.
I think my generation is been conditioned to pay much higher prices than previous generations.
And there's nothing we can do about it.
I've even looked at what it would cost me to insure a low insurance group car (dacia sandero 1.2 active), even that is coming out at 500 quid.
So am I right or am I wrong?
No point the older patronising driving god / powerfully built directors will be along in a minute to tell me I'm a higher risk than they are, even if they have points or claims to their name. Bring it on driving gods, bring it on.
I'm 29 and have been driving for ten years - I too have a clean license and live in a reasonable area, I have 8 years NCB and no points on my license
I pay less than that for a BMW M3
My first car was a 1.1 (perhaps a 1.0, I can't recall) Saxo that cost £1400 to insure in 2007, I replaced that with a new Volvo C30 that cost £50 more to insure - new car, better safety tech and no boy racer image clearly helped
I pay less than that for a BMW M3
My first car was a 1.1 (perhaps a 1.0, I can't recall) Saxo that cost £1400 to insure in 2007, I replaced that with a new Volvo C30 that cost £50 more to insure - new car, better safety tech and no boy racer image clearly helpedWhat in your life has changed? Something must of for you to see a big hike like that....
Everyones situation is different and as such the weight of risk in the eyes of the insurance company changes person to person.
Its ridiculous but i pay more now for a BMW I3 than i did living in a major city centre with a Z4MC..... but one was valued at 18k and my I3 is book price twice that...
Everyones situation is different and as such the weight of risk in the eyes of the insurance company changes person to person.
Its ridiculous but i pay more now for a BMW I3 than i did living in a major city centre with a Z4MC..... but one was valued at 18k and my I3 is book price twice that...
Any opinions or experiences to say whether it's worth paying extra for no claims protection?
Should I make a claim I will still need to declare it to insurance, so will having 5 years no claims bonus really be a benefit when my record will state I have actually made a claim in those 5 years?
No claims protection is 90 quid of the 1033 I've been quoted for this year's insurance.
Should I make a claim I will still need to declare it to insurance, so will having 5 years no claims bonus really be a benefit when my record will state I have actually made a claim in those 5 years?
No claims protection is 90 quid of the 1033 I've been quoted for this year's insurance.
Benjijames28 said:
I'm driving a 5 series cause I have to ferry around kids and a baby, and refuse to buy a fanny wagon.
Judging by some replies I am probably suffering from learning to drive at 23 instead of 18.
Car insurance is just crazy.
I think that's exactly what it is, you've only been driving for 5 years, presumably that puts you in the same bracket as most 22 year olds who passed at 17. I'm 34 and passed my test aged 18. I seem to remember my insurance dropping significantly when I turned 25, so maybe in a couple of years yours will do the same? Judging by some replies I am probably suffering from learning to drive at 23 instead of 18.
Car insurance is just crazy.
Much of it depends on your circumstances too, you're not a stunt driver doing 50k miles a year and living in Moss Side I take it?;)
Out of interest, how do you know you "live in a decent post code"? Have you actually looked into the insurance risk of the area?
We genuinely live in a good post code and my wife is only a couple of years older than you... we insure an Elise and an Octavia VRS for both of us to drive for less than £400 combined. I think either yoru post-code is relatively high risk or there's something else about you that the insurers don't like (job, driving history, etc.).
We genuinely live in a good post code and my wife is only a couple of years older than you... we insure an Elise and an Octavia VRS for both of us to drive for less than £400 combined. I think either yoru post-code is relatively high risk or there's something else about you that the insurers don't like (job, driving history, etc.).
Edited by kambites on Tuesday 19th September 20:56
tty area postcode wise, 2 years NCB* but only £500 for an 2 litre ND MX-5. kambites said:
Out of interest, how do you know you "live in a decent post code"? Have you actually looked into the insurance risk of the area?
We genuinely live in a good post code and my wife is only a couple of years older than you... we insure an Elise and an Octavia VRS for both of us to drive for less than £400 combined. I think either yoru post-code is relatively high risk or there's something else about you that the insurers don't like (job, driving history, etc.).
I am classing my area as a good area compared to most of the hell holes in my city.We genuinely live in a good post code and my wife is only a couple of years older than you... we insure an Elise and an Octavia VRS for both of us to drive for less than £400 combined. I think either yoru post-code is relatively high risk or there's something else about you that the insurers don't like (job, driving history, etc.).
Edited by kambites on Tuesday 19th September 20:56
Benjijames28 said:
I am classing my area as a good area compared to most of the hell holes in my city.
What does it score on here: http://www.motorcarinsuranceuk.co.uk/post-code-rat... ?Gassing Station | General Gassing | Top of Page | What's New | My Stuff