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  • FIRST POST
    • DUTR
    • By DUTR 17th Jul 17, 11:15 PM
    • 11,034Posts
    • 6,272Thanks
    DUTR
    Insurance premiums (discusion)
    • #1
    • 17th Jul 17, 11:15 PM
    Insurance premiums (discusion) 17th Jul 17 at 11:15 PM
    It's only after answering another thread I realised that when I had my 1st car Vauxhall Viva 1256cc back in the 80s my insurance premium is not too different to what I'm paying now for a 2 litre petrol turbo from new, £ for £ .
    Pro rata though I was paying 10 weeks wages back then for a policy and now less than a weeks wages.
Page 1
    • debtdebt
    • By debtdebt 17th Jul 17, 11:23 PM
    • 319 Posts
    • 199 Thanks
    debtdebt
    • #2
    • 17th Jul 17, 11:23 PM
    • #2
    • 17th Jul 17, 11:23 PM
    Late 90's, I was paying around £600-£700 a year for a Ford Escort 1.6 Ghia. I had nil or very low NCB and was in my late teens.

    Fast forward to this year and I paid £295 for a 2011 Audi A8 3.0 TFSI. Nearly 40 years old with 14 years NCB.
    • AndyMc.....
    • By AndyMc..... 17th Jul 17, 11:23 PM
    • 730 Posts
    • 568 Thanks
    AndyMc.....
    • #3
    • 17th Jul 17, 11:23 PM
    • #3
    • 17th Jul 17, 11:23 PM
    I started off paying about two weeks wages now it's two days.
    • Rolandtheroadie
    • By Rolandtheroadie 17th Jul 17, 11:49 PM
    • 4,779 Posts
    • 4,199 Thanks
    Rolandtheroadie
    • #4
    • 17th Jul 17, 11:49 PM
    • #4
    • 17th Jul 17, 11:49 PM
    Around 3 weeks wages in 1992, couple of shifts more than covers it these days.
    • bigadaj
    • By bigadaj 18th Jul 17, 6:57 AM
    • 10,725 Posts
    • 7,013 Thanks
    bigadaj
    • #5
    • 18th Jul 17, 6:57 AM
    • #5
    • 18th Jul 17, 6:57 AM
    This is just oar for the course with most things.

    With the notable exception of house prices and rent, can anyone name anything that has got any more expensive in real terms over the last few decades, or at least anything that isn't a luxury.

    People expect life to get better and easier, it does but not as quickly as many people would like.
    • Tarambor
    • By Tarambor 18th Jul 17, 4:35 PM
    • 1,596 Posts
    • 1,098 Thanks
    Tarambor
    • #6
    • 18th Jul 17, 4:35 PM
    • #6
    • 18th Jul 17, 4:35 PM
    1988 age 17 paying £130 a year for a 3.5L V8 Rover SD1 which had 160BHP apparently.

    2017 age 9cough) paying £130 a year for a 2L MX5 Sport that has 160BHP.

    However what is different is that back in 1988 I was on a YTS getting £29 a week and now I'm on over 20 times that.

    People expect life to get better and easier, it does but not as quickly as many people would like.
    Actually it does but we choose to make it more complicated by buying more stuff. Take a look at what outgoings you had of your 18 year old self or what they were when you first got the keys to your own front door and what you have now. In my case mobile phones, pay TV and the internet didn't exist and not that many people had house phones either. There are four bills I have now totalling £100 a month which I didn't have back then.
    Last edited by Tarambor; 18-07-2017 at 4:38 PM.
    • iolanthe07
    • By iolanthe07 20th Jul 17, 3:03 PM
    • 4,906 Posts
    • 4,622 Thanks
    iolanthe07
    • #7
    • 20th Jul 17, 3:03 PM
    • #7
    • 20th Jul 17, 3:03 PM
    In 1964, aged 18, I paid £11 a year for insuring a 1937 MG TA. That was about a week's wages at the time. A sports car today, even an old one, would cost an 18 year old a lot more than a week's wages.
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • barnaclebill
    • By barnaclebill 20th Jul 17, 3:46 PM
    • 242 Posts
    • 127 Thanks
    barnaclebill
    • #8
    • 20th Jul 17, 3:46 PM
    • #8
    • 20th Jul 17, 3:46 PM
    In 1967 aged 21 I was driving old bangers for about £15 a year third party, about a weeks wages. Got a chance to buy a frog eyed sprite for £100 and asked my broker for a quote before buying, it was £100 for third party so I passed.
    Would have loved an MG TA don't know how it was only £11 in 1964 though unless you were out in the countryside, I was in the city then
    • Mobeer
    • By Mobeer 20th Jul 17, 6:48 PM
    • 1,710 Posts
    • 4,392 Thanks
    Mobeer
    • #9
    • 20th Jul 17, 6:48 PM
    • #9
    • 20th Jul 17, 6:48 PM
    ...With the notable exception of house prices and rent, can anyone name anything that has got any more expensive in real terms over the last few decades, or at least anything that isn't a luxury...
    Originally posted by bigadaj
    Stamps

    1980: 12p first class, 10p second class
    2012: 60p first class, 50p second class
    RPI-only increases would make those prices 43p and 36p

    The trend is continuing (now 65p and 56p).

    https://www.theguardian.com/news/datablog/2012/mar/27/60p-price-stamp-royal-mail#data
    • z1a
    • By z1a 20th Jul 17, 7:49 PM
    • 733 Posts
    • 587 Thanks
    z1a
    Pint of lager 1980 - 24p, now £2.80.
    • iolanthe07
    • By iolanthe07 21st Jul 17, 9:28 AM
    • 4,906 Posts
    • 4,622 Thanks
    iolanthe07
    Would have loved an MG TA don't know how it was only £11 in 1964 though unless you were out in the countryside, I was in the city then

    I lived in the heart of Somerset. The MG looked good on the outside, but a well maintained tractor could overtake it on a bad day.
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • bigadaj
    • By bigadaj 21st Jul 17, 6:02 PM
    • 10,725 Posts
    • 7,013 Thanks
    bigadaj
    Stamps

    1980: 12p first class, 10p second class
    2012: 60p first class, 50p second class
    RPI-only increases would make those prices 43p and 36p

    The trend is continuing (now 65p and 56p).

    https://www.theguardian.com/news/datablog/2012/mar/27/60p-price-stamp-royal-mail#data
    Originally posted by Mobeer
    So that pretty much matches increase in wages over that time period, though not rpi or cpi.
    • bigadaj
    • By bigadaj 21st Jul 17, 6:04 PM
    • 10,725 Posts
    • 7,013 Thanks
    bigadaj
    Pint of lager 1980 - 24p, now £2.80.
    Originally posted by z1a
    Yes, one of the exceptions that proves the rule, fags would be even more so.

    Removing tax would bring it back below wage inflation though I would guess.
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