I see why people don't insure their cars now

[Pig benis]

Hello folks

In no way shape or form do I condone driving an uninsured car on the public roads, but I now understand why people don't insure their cars. It is bloody expensive!

Over the past few days, I have been trying to insure my BMW 330D LCI Auto, which is completely standard and I barely do any miles. My insurance quotes are coming back at over £500!!!! Which I don't mind paying on an M3, or a faster car, but this is just a diesel BMW...

Speaking to Adrian Flux yesterday, the insurance underwriter told me this car is a high-risk motor, where a lot of people crash them because they are so powerful.. I couldn't believe what I was hearing, since when is 245hp "so powerful"?

My insurance background - licence held for 13 years, with 12 years no claims discount. I also have another car (track toy) with full mods declared and that is £300 per annum to insure,

I'm by no means an insurance expert, so I'm wondering if anyone has any advice on reducing the insurance quotes? I have tried all the big comparison website, Direct Line and Adrian Flux. Do you kind folks have any other insurance companies you'd recommend?

I refuse to pay £500+ for insurance on a diesel, especially as last year it cost me only £342.

Thanks folks
PB

Edited by Pig benis on Tuesday 9th July 09:00

[Pig benis]

I didn't expect so many replies.

Some helpful and interesting information in here guys.

Up until the start of this year I had a 1991 Defender 90 and a modified Subaru Impreza, both have been my cheapest cars to insure. I believe the Subaru was sub £350 and the Defender was sub £300. Which is why I am so surprised the insurance on my E91 330D is £500.

Today I have been playing with insurance quotes and have managed to get some quotes for a 240i @ £410. I have wanted to change the 330D for a few months, so this is definitely food for thought.

Some of you look at insurance differently to me, as I don't look at the daily / weekly / monthly cost. I pay for my insurance in lump sums, as I'm not a pay monthly kind of guy. But I now totally appreciate looking at the increase in a daily amount, it seems like of a jump in cost.

Also, others have mentioned how a job will affect the premium. I work in IT, surely this is a low-risk job? Firstly I work from home a lot (so barely any driving at peak times) and secondly, we aren't known for crazy parties and long night benders in town. Which I am guessing would make the risk quite low??

Thanks all
PB

[Pig benis]

red_slr said:

You would actually consider changing your car to save £90 on insurance?

Yep - I have already spoken to the Mrs about changing the car for a cheaper to insure model. So far she hasn't suspected a thing.

All seriousness though, I do so many short trips that I can't help but think I will knacker the DPF and other sensitive diesel components, which is why I have been thinking of selling the 330D for a petrol car. Don't get me wrong, the 330D is fantastic but it seems completely wasted for my needs.

[Pig benis]

Update -

Hello folks

I've been messing around with quotes since yesterday and I've managed to get a reasonable quote from a company called Lancaster Insurance. A quick google has said they are a broker, but worryingly they have terrible reviews plastered all over TrustPilot until yesterday, maybe purchased some fake 4-5 star reviews?

https://uk.trustpilot.com/review/www.lancasterinsu...

Has anyone here used this company before?

Thanks
PB