|
|
| Author |
Message |
| Knacker |
This post is not being displayed .
|
Knacker
World Chat Champion
Joined: 31 Mar 2008
Karma :  
|
 Posted: 11:17 - 04 Apr 2012  Post subject: Fucking Car Insurance |
 |
|
Quick question is it just a random price given for laughs for example.
Im 25 now with 2 year NCB
99' GSXR 600 £234 a year TPFT
Ok right Happy with that...
Car ReNewal time.
Golf GTI 1.8 T........Last year £1836.44
Renewal price.... EXACTLY the fucking same, Dont think so So off i trundle to GoCompare (which is where i Initially got quotes from the first time) and first 1 say's.................................£774 
____________________
Current: Gsxr 600 Srad - GS125 - DT125
Previous: K1 GSXR 1000 |
|
| Back to top |
  |
You must be logged in to rate posts |
|
 |
| plugger147 |
This post is not being displayed .
|
plugger147
World Chat Champion
Joined: 13 Mar 2005
Karma :  
|
|
| Back to top |
 |
You must be logged in to rate posts |
|
|
| stonesie |
This post is not being displayed .
|
stonesie
World Chat Champion
Joined: 04 Jul 2010
Karma : 
|
| Posted: 11:43 - 04 Apr 2012 Post subject: |
|
|
Last year I changed car from a F plate BMW 320I which was basically a road legal track car with a 2.8 200bhp engine fitted, fully re-vamped suspension and brakes yada yada... the insurance knew about EVERYTHING. It was awesome but the bodywork was going rusty.
I sold that and bought a normal car, an X reg Punto sporting.... It cost MORE to insure the FIAT  Fuck knows how they calculate these things. |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Rogerborg |
This post is not being displayed .
|
Rogerborg
nimbA
Joined: 26 Oct 2010
Karma : 
|
| Posted: 12:39 - 04 Apr 2012 Post subject: |
|
|
"Renewal"? Only if you want the Loyalty Penalty, which I think they spell as "introductory discount".
____________________
Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| andym |
This post is not being displayed .
|
andym
World Chat Champion
Joined: 16 Nov 2010
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| arry |
This post is not being displayed .
|
arry
Super Spammer
Joined: 03 Jan 2009
Karma : 
|
| Posted: 19:51 - 04 Apr 2012 Post subject: |
|
|
| andym wrote: | I'm sure someone else would be able to clarify this... but I think after so many modifications they insure them as kit cars which gets a reduction on the price for some reason |
Every company has a different approach and a different underwriting strategy.
Generally speaking, modified cars aren't insured with mainstream carriers like Aviva, AXA, Morethan etc, they're with Lloyds based syndicates like Equity Red Star, Markerstudy, Canopious et al. The less mainstream companies will mostly delegate out authority to a specialist broker who will operate a scheme for modified cars - these scheme rates can be a bit bonkers cheap TBH. Obviously anyone paying their premium doesn't think it's bonkers cheap, because customers want everything and a bag of crisps for less than a quid.
Switch to something 'normal' and you fall outside the scheme, the scheme rates no longer apply and you get a higher premium. Seems strange, but that's just how it rolls.
Anyway, price isn't everything when it comes to insurance.... honest. |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Egret |
This post is not being displayed .
|
Egret
Nova Slayer
Joined: 13 Jan 2008
Karma : 
|
| Posted: 20:24 - 04 Apr 2012 Post subject: |
|
|
I put some alloys on my golf to make it "modified" and went with a specialist modified vw insurer which meant I could speak to an actual person and got it cheapest that way.
HIC were the guys https://www.hertsinsurance.com/
 |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| 400bandit |
This post is not being displayed .
|
400bandit
World Chat Champion
Joined: 21 Dec 2005
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| stonesie |
This post is not being displayed .
|
stonesie
World Chat Champion
Joined: 04 Jul 2010
Karma :
|
| Posted: 21:06 - 04 Apr 2012 Post subject: |
|
|
That doesn't sound too bad to someone who got charged £692 TPFT on a fucking punto... 29 and 3NCB at the time, passed my test just after I turned 18, clean license and have a PSV rating 
Getting quotes around £450 FC this year so its better but still more than the bike cost, and I've only got 1 year NCB on that. |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| -Savage- |
This post is not being displayed .
|
-Savage-
World Chat Champion
Joined: 10 Jun 2005
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| arry |
This post is not being displayed .
|
arry
Super Spammer
Joined: 03 Jan 2009
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Llama-Farmer |
This post is not being displayed .
|
Llama-Farmer
World Chat Champion
Joined: 23 Jan 2012
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| jez125 |
This post is not being displayed .
|
jez125
Nova Slayer
Joined: 23 Oct 2011
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| lukamon |
This post is not being displayed .
|
lukamon
World Chat Champion
Joined: 18 May 2007
Karma :
|
| Posted: 17:21 - 06 Apr 2012 Post subject: |
|
|
whats really finny is when norwich union did a quote for my car (brother works for them) they came out cheapest at £750 for a 2006 mx5 2ltr (im 22) fair enought. on the way through buying it noticed he'd put my birthdayand the 22nd aug - its the 23rd. refreshed it with that info - £1693 WTF?
long story short: 21st+ 22nd - £750
23rd - £1693
24th+ 25th - £750
____________________
killa wrote: Im an ass man myself |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| The Artist |
This post is not being displayed .
|
The Artist
Super Spammer
Joined: 06 Jan 2008
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Imonster |
This post is not being displayed .
|
Imonster
World Chat Champion
Joined: 18 Oct 2006
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| JonB |
This post is not being displayed .
|
JonB
Afraid of Mileage
Joined: 03 Jun 2004
Karma : 
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Nope. |
This post is not being displayed .
|
Nope.
World Chat Champion
Joined: 16 Feb 2011
Karma :
|
| Posted: 19:55 - 06 Apr 2012 Post subject: |
|
|
| Imonster wrote: | | The Artist wrote: | 20/m
95 plate 1.2l clio = £6k tpft
|
Jesus....
Car insurance is getting insane now, and is so far out of line with inflation it's untrue. Weirdly, when I was 20 (12 years ago) it was always far more expensive to insure my bikes.
From memory I was paying c.£400 TPFT for a 10 year old 2.0l Sierra estate, and c.£700 for my VFR 400.
My NSR 250 prior to that at 17 I paid £1300 to insure, but around £300 for my car which was a 1.3 Triumph Acclaim.
Looks to have gone completely the other way round now...car insurance quotes for me now don't vary much whether it's a Peugeot 206 or an S/X-type Jaguar and is around £700 TPFT. Makes sense having amassed 15 years of driving experience  |
Those prices might be something to do with the fact that he lost his licence 
____________________
Former: Derbi GP1 50, Sachs XTC 125, Suzuki GSXR 400 GK73A, Kawasaki ZX7R, Suzuki DR250, Yamaha RD350
Current: 2011 Yamaha XT660Z Ténéré, 2003 Yamaha YZR-R1 5PW (In Build), 2009 Kawasaki ZZR1400 |
|
| Back to top |
 |
You must be logged in to rate posts |
|
|
| The Artist |
This post is not being displayed .
|
The Artist
Super Spammer
Joined: 06 Jan 2008
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| arry |
This post is not being displayed .
|
arry
Super Spammer
Joined: 03 Jan 2009
Karma :
|
Posted: 13:30 - 07 Apr 2012  Post subject: |
|
|
| Imonster wrote: |
Car insurance is getting insane now, and is so far out of line with inflation it's untrue. |
Inflation isn't really a driving factor behind car insurance TBH, in fact it's almost been counter inflationary for some time now, as costs in transacting business have diminished greatly with the rising use of internet based distribution methods. Actual expense base on car insurance is probably less than 10% nowadays.
There's several factors which have given rise to premium increases; the most important one really is that the market price has been suppressed for many years now, ie the car insurance market has been really, REALLY soft where there's so much capacity out there with companies wanting to write loads of gross written premium. This you can usually get away with for a time and not get burnt, but a lot of insurers really failed to notice the Bodily Injury timebomb waiting to go off, or noticed it but just didn't want to act as they were still chasing the GWP to grow market share.
Bodily injury is by far the biggest factor. PPO's and changing legislation, the ease of getting solicitor representation, the upswing in number of accident management companies and the general public's something for nothing attitude mean claims inflation has been running ~9% year on year since 2006. In other words, the price needs to rise 9% year on year just to keep pace, not to address profitability issues.
Add to that, 3-4 years ago you'd get a combined operating ratio of 100+ and still make money, as you were getting 3.5% investment income on premium. Nowadays you're lucky to get half that, and a 100+ COR is a position of making a loss. That means the underwriting result has to be stronger, or you've got to save on expenses ie redundancies etc, or you're just burning capital.
Last up, Reinsurance costs have risen sharply as well. Why? Well, take a look around the world over the last couple of years and see how many natural disasters there's been. That means the real money companies are taking a battering and their net price per mill of cover has to increase across the board. RI cost on a motor book is pretty hefty, TBH. And it's only getting worse.
Proverbial rock / hard place. |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| Harold_Shand |
This post is not being displayed .
|
Harold_Shand
World Chat Champion
Joined: 07 Jun 2004
Karma :
|
| Posted: 14:52 - 07 Apr 2012 Post subject: |
|
|
Got my renewal, my insurance is up at the end of this month, last year it was about £300 TPFT and the first year after a DR10 on a 1.8 Picasso. This year they want £770 
Got it for £250 this morning. I don't think it has an awful lot to do with insurance so the prices are all over the place. More about a regular income to play with on the markets and all that trickery.
____________________
BCF's 6th favourite poster 2009-2010
Harold_Shand's theory might be the best explanation. |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| dextersaurus |
This post is not being displayed .
|
dextersaurus
World Chat Champion
Joined: 25 Mar 2009
Karma :
|
| Posted: 16:47 - 07 Apr 2012 Post subject: |
|
|
I'm currently paying £2150 for my 1.6 16v citroen xsara VTR.
Reasonable since i was 19 at the time and i've 0ncb.
So being 20 now, and 1 years no claims, i'm looking at a new car. Subaru Impreza Sport (non turbo). 2L. £904 for the year, tpft.
Perfect.
Wonder what mods i can get away with?
complete bodykit
rear spoiler
bonnet bulge
strut brace
alloys
decals/stickers
suspension changes
braided brakes
uprated brakes
air filter
misc engine alterations
chipped/EMS
TURBOCHARGING
exhaust system changes
non standard engine
high level/extra brake lights (on spoiler)
rally lights
tinted windows
removal/replacement of seats
dashboard changes
driving lights
sports steeringwheel....
Guess how much?
fucking £1200. STILL CHEAPER THAN I'M PAYING FOR THE XSARA.
Granted i'm cheaper buying a WRX STI and insuring that for the £3k quote i was given, as it'll still work out cheaper than doing all those mods to the scooby.
But how confusing is that?
edit: scratch that, i'll buy the sport and spend another £6k on it in mods, and still be cheaper than the sti  |
|
| Back to top |
| |
You must be logged in to rate posts |
|
|
| -LG- |
This post is not being displayed .
|
-LG-
World Chat Champion
Joined: 01 Jul 2010
Karma :
|
|
| Back to top |
| |
You must be logged in to rate posts |
|
 |
Old Thread Alert!
The last post was made 13 years, 355 days ago. Instead of replying here, would creating a new thread be more useful? |
 |
|
|
Help & FAQs
Search BCF
Members
Groups
Events Calendar
rating
rating