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.
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.
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
kambites said:
What does it score on here: http://www.motorcarinsuranceuk.co.uk/post-code-rat... ?
F* 
t hole.Triumph Man said:
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!
I've looked and its actually cheaper for me to insure a 535i manual 2010 model. Then it is for me to insure my 2 litre diesel.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!
Work that one out.
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.
I've put a family member on the policy which reduced it down by about 75 quid.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
Trust me there's nothing bad increasing my risk.
28yrs old, 5 years since I passed my test, 5 years no claims, no points.
It just doesn't make sense to me.
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