Are young people been conditioned for life long rip off in..

[thenortherner]

Early 30s, declared an at fault smash earlier this year in a company car, 0 NCB, declared modified Fiesta ST, 0 points, decent post code = £700 and that's with legal protection, breakdown and all the trimmings...

[MCLARENSLR]

kambites said:

What does it score on here: http://www.motorcarinsuranceuk.co.uk/post-code-rat... ?

Based on the areas I know well I would say that looks like it's about 15 years old.

[talksthetorque]

OP - it doesn't mean you live in a bad area, it means that you live next to a bad area, and they all come over to the nicer bit to nick all the nice cars.

You have four options
a) get old quickly
b) try different makes, perhaps a Jag, or Merc might give better quotes, as they may have a lower risk rating
c) move somewhere that isn't such a bad risk ( stick some different postcodes in to the Meerkat/operatic chubster website)
d) as someone else mentioned, put a clean licenced parent on the quote.

NG25 here. £750 to insure 2 x 350bhp cars with a non fault claim on the record. Both in our 40s, 1 kept on drive, other garaged.

[jeremyh1]

2 sMoKiN bArReLs said:

Statistics, funny old thing.

I paid £150 third party for the insurance on my Viva. I was just wondering how that compared.

£100 in 1979 ? £476.67 in 2017

So, £150 is £715 in today's money.

But, in Nottingham beer was about 30p a pint, so it should only be £1.43 today.

I feel robbed

I with you I too feel robbed
I payed something like £150 on my Ford Escort 1.1 L in blue We did not have the luxury of this here interweb thing or the cumpuder thing in the corner that you youngster use !

Even now I pay only £178 on my 1996 Saab Convertible on a classic insurance with Adrian Flux

I have a 2000 Toyota people carrier I pay 295 fully comp Now that is a rip off .

I also run a courier company at £900 a van now thats another world !

[jeremyh1]

bristolracer said:

You are under 30 and driving a 5 series?
Buy the 1.2 fiesta and pay £700

Do you really think that it was any cheaper for us (relatively) to insure a 5 series when we're in our 20's?

The 5 series were not around as much in our day but you are right it is all relative Most of us at the time could not afford to insure a Ford Granada under 30

[caelite]

bristolracer said:

Do you really think that it was any cheaper for us (relatively) to insure a 5 series when we're in our 20's?

I mean, insurance prices in the UK have been increasing on average at about 400% the rate of wage inflation. So statistically speaking, yes it was likely far cheaper.

[RacingGreen0001]

This is quite a timely discussion for me as I've just been through a renewal.

I was initiallly being quoted >1000 for my wife and I (late twenties, small 10yr old hatchback) via the comparison websites.

I would recommend taking the lowest quote received and then ringing through to the insurer. Most agents I spoke to were helpful and knowledgeable and some were successful in lowering the quote even further after a few more probing questions.

In my experience, I felt that alot of these prices were being subjectively generated.

Edited by RacingGreen0001 on Wednesday 20th September 05:02

[kambites]

2 sMoKiN bArReLs said:

What I'm saying is the chart is wrong, as NG15 is clearly cheaper to insure than NG7 or AL1

To be fair, that site does say it's approximate. I suspect the insurance companies use rather more detail than just the first half of the postcode. It's always seemed a reasonable guide though to me.

If it lists the OPs postcode as F it's unlikely to be the best of places.

Edited by kambites on Wednesday 20th September 08:07

[Gad-Westy]

kambites said:

To be fair, that site does say it's approximate. I suspect the insurance companies use rather more detail than just the first half of the postcode. It's always seemed a reasonable guide though to me.

If it lists the OPs postcode as F it's unlikely to be the best of places.

Edited by kambites on Wednesday 20th September 08:07

Looked up my postcode on there and it's in the E's but my insurance has never been cheaper. I'm 35 and this year is the first year that I've insured a car for under £100 per year. Happy with that

[Triumph Man]

I'm 26 now, started driving at 17, and currently drive a BMW 530i E39, and a 520i E34. Insurance isn't too bad (the 530i is £450ish a year (fully comp), and the 520i is £200 ish on a classic policy). I do however live in a very good postcode - insurance wise!

OP I don't know if it's your relative lack of experience or where you live? I wouldn't have thought a 2 litre diesel would normally be that much!

[culpz]

Something doesn't sound right there. That's not me saying that you're lying but there must be a reason for it.

I'm 25, 2 years NCB, 1 fault accident about 3 years ago, M postcode (one of the worst), driving for 7 years, 8k per annum, employed full-time, £900 on an Audi A4.

Is there anyone else on your insurance policy or just you? I've always insured my dad on mine as a second driver for occasional use and it's always made the premium significantly cheaper.

Edited by culpz on Wednesday 20th September 08:26

[Parsnip]

Passed at 17. First car at 24 (didn't need one at uni and worked abroad for a few years) Im now just over 30. All insured in a good Aberdeen post code.

Datsun 350Z - £1300 for 10 months
Datsun 350Z - £720ish for 12 months
Porsche Cayman - £400ish
Porsche Cayman - £280ish
BMW Hairdresser (3.0 Twin Turbo) - £225
BMW Hairdresser - £240

So could be when you passed you test?

As a side note, the guy who bought my 350Z was 19 and had a problem insuring it - turns out he had a write off that didnt claim on, so didnt feel the need to tell them. He drove off after paying me £6800 and the insurance co. over £4000 (or at least thats the figure he said and he said he had insured it...)

[tigger1]

kambites said:

2 sMoKiN bArReLs said:

What I'm saying is the chart is wrong, as NG15 is clearly cheaper to insure than NG7 or AL1

To be fair, that site does say it's approximate. I suspect the insurance companies use rather more detail than just the first half of the postcode. It's always seemed a reasonable guide though to me.

If it lists the OPs postcode as F it's unlikely to be the best of places.

Edited by kambites on Wednesday 20th September 08:07

There's a big difference between living in Newstead Abbey, living in Newstead Village and living in Hucknall...all NG15 I think.

Is the 5 series one of the BMW's that's suffered with keyless entry thefts? There's been quite a few car thefts/ thefts from cars in NG15 in the last month or two.

[xjay1337]

26 now (guck me).
8 years ncb
No convictions

2009 Scirocco #projectracekor - main car - 730 insured every single mod declared up to 400hp

2017 Fiesta st line - 430 insured

Both with business use.

[DaveCWK]

Early 30's. My insurance has hovered around £350 over the last 4 years & 4 house moves *shrugs*, although checking the postcodes they were all rated between A-C.

[Moonpie21]

kambites said:

What does it score on here: http://www.motorcarinsuranceuk.co.uk/post-code-rat... ?

Having recently moved I just checked my old postcode to my new postcode (they are easily within 5 miles of each other). Both are rated B, in fact they appear in the same grouping (13 - 17)

I got a renewal quote for my old address, private drive, semi detached, kid and wife etc.

Within a week I then moved and told them my change in address, kept the same kid and wife still parked on a private drive but the price went down over £100... the only things that changed were the address and moving from a semi detached to a detached.

I refuse to believe the reduction came from the house no longer being attached to someone else. So they must go in to much greater detail on postcode than that website suggests?

As suggested it may have more to do with the day of the week and if it was raining in the Outer Hebrides, I'm not unhappy though

[Triumph Man]

culpz said:

Something doesn't sound right there. That's not me saying that you're lying but there must be a reason for it.

I'm 25, 2 years NCB, 1 fault accident about 3 years ago, M postcode (one of the worst), driving for 7 years, 8k per annum, employed full-time, £900 on an Audi A4.

Is there anyone else on your insurance policy or just you? I've always insured my dad on mine as a second driver for occasional use and it's always made the premium significantly cheaper.

Edited by culpz on Wednesday 20th September 08:26

Not sure if that's in reference to me, but I've got 8 years NCB, live in a BA12 postcode, and have both my Girlfriend (who I live with) and my dad (who I don't) on the policy. Dad's been on my policies since the year dot. Employed full time, est mileage 12,000 per annum. That's with Hastings direct

The 520i is on a classic policy, just me, agreed limited mileage.

[Sheepshanks]

Gad-Westy said:

Looked up my postcode on there and it's in the E's but my insurance has never been cheaper. I'm 35 and this year is the first year that I've insured a car for under £100 per year. Happy with that

Many insurers have minimum premiums approaching £200 so I'm surprised by a sub-£100 premium - is there more to that than you've said, is it a classic car etc?

[TwigtheWonderkid]

NickCQ said:

If you think it's a rip off, why not start your own insurance company and make presumably enormous profits insuring young drivers?

^^This is the correct answer.

[TwigtheWonderkid]

CoolHands said:

Your first problem is trying to make sense of insurance premiums. Despite what they say, they do not follow logic, and are all made up in a random generator.

If that's true, there must be some 17 y/olds paying £200 somewhere. I haven't come across any yet.