Insurance Shambles

jimmysayshey

I'm 19, Male, passed a month ago. Live in a high risk postcode (East London) and i've been looking high and low for insurance

I've done everything, literally everything. Even a 1L Corsa or Polo i'm getting quotes of around £2000 (This is the cheapest I've gotten, a small company I heard about from my mate).

The premium keeps going up everyday I phone the above for a quotation on a car I've seen on Gumtree or Autotrader which I may buy, but the premium goes up by a bit. I asked the fella how comes your quote's only last for 24 hours, and why do your premiums go up every other day. He goes because of the new legislation, it's having an effect on their premiums. He goes their prices are going up every 3 hours, whereas a month ago it would only change every 24/48 hours.

I've literally tried everything, even talked it over with my dad and had him as main driver and it still was around £2000.

And the big companies, Admiral, Direct Line etc are laugh, the cheapest I got quoted from these companies was £7000 on a 1.2 2002 Punto!

These insurance companies are just a laugh, bloody rip off merchants. I've spend hundreds of pounds on taking lessons and paying for tests (which is another rant for a different day) and my family was kind of looking forward to me getting a car etc, but now it seems like I'm going to have to sell a flipping organ, just to be able to cover my !!! on the road.

P.S Can't wait until female drivers' premiums go up. Yes, I am very spiteful at the moment :A

scheming_gypsy

Part of the problem is that you're looking at exactly the same cars that all the other people your age are looking at; Corsas, Puntos, Polos and lots of other small engined cars that teenager chav up and wrap round a tree.. Look outside the box at cars that don't suit your age; small engine doesn't mean small insurance.
Look at a bigger engined older person car and you might be surprised; Volvo, Rover, even possibly BMW's and even though i'm 35, i've noticed that 4x4's are cheaper to insure than a normal car.

s_b

at 19 i think he has to bite the bullet sg
lets be honest, when we started driving insurance was a huge part of our wage,i well remember paying mine on the drip
come up to date and £40 a week is nothing to young lads who spend £100 on the lash most weekend nights

scheming_gypsy

I know what you mean, although an old lodger was paying something like £250 a month insurance on a 316i BMW at 19 and then he swapped to ibuyeco and it dropped to about £600 (apparently).

I was driving a Pug 205GTi 1.9 when i was 19 and it was costing about £750, luckily i'm getting old now with two policies so i just need to keep swapping to keep my NCD active.

jimmysayshey

scheming_gypsy wrote: »

Part of the problem is that you're looking at exactly the same cars that all the other people your age are looking at; Corsas, Puntos, Polos and lots of other small engined cars that teenager chav up and wrap round a tree.. Look outside the box at cars that don't suit your age; small engine doesn't mean small insurance.
Look at a bigger engined older person car and you might be surprised; Volvo, Rover, even possibly BMW's and even though i'm 35, i've noticed that 4x4's are cheaper to insure than a normal car.

Yeah but you see alot of those cars aren't practical for first time drivers. There's a reason why alot of youngsters drive hatchbacks, it's because they're good first time cars.

s_b wrote: »

at 19 i think he has to bite the bullet sg
lets be honest, when we started driving insurance was a huge part of our wage,i well remember paying mine on the drip
come up to date and £40 a week is nothing to young lads who spend £100 on the lash most weekend nights

Annoyingly, I am the most careful 19 year old moneywise you'd ever meet in your life
Alot of people are telling me to just bite the bullet and get the first year's insurance, and after that my insurance will plummet because I'd be a young driver with no claims (hopefully) and with a bit of experience. But somehow, I don't see the prices going down by a lot anyway

scheming_gypsy

Why aren't they practical? Although a lot of youngsters drive hatchbacks because they automatically think that a small engined car will be cheaper on the insurance.

Have a play about on comparison websites and see what comes back

rev_henry

Based on previous discussion here £2000 is good for a new young driver, especially in a high risk area. That's the best you'll get I think.

s_b

jimmysayshey wroted

Annoyingly, I am the most careful 19 year old moneywise you'd ever meet in your life

ive heard this so many times i just dont listen anymore
i was once cut up by a lad who had only collected the car the day before and his parents gave ME a lecture how good he was at driving
little story for you,for 20 years ive tried not to sell to young lads in case they wall their cars and i go to court as a consequence because some !!!!!!! person says car brakes were only 80% efficient
dont need the crap
never did
no offence OP

mikey72

s_b wrote: »

at 19 i think he has to bite the bullet sg
lets be honest, when we started driving insurance was a huge part of our wage,i well remember paying mine on the drip
come up to date and £40 a week is nothing to young lads who spend £100 on the lash most weekend nights

I remember my insurance was next to nothing when I was 17.
It certainly wasn't two or three months wages.

casseus

its not just young drivers that have been hit in the wallet everyone has, people to blame are the crooks who make crash for cash jobs and drive uninsured, us for being like americans and claim at every given opertunity we can in the event of personal injury, the goverments for giving insurers the excuses to inflate prices.

before long every town and county in the country will have been classified with high risk to insurers due to cuts in police forces up and down the UK giving the insurers the excuse.

my rover 214 sei was cheaper to insure than a 1.0 nova, why, because back then every under 25 had one, wrapped it up, or had it stolen or modified it to a GSI/GTE lookalike.
my second car a pug 205 1.1 GL was stupidly uninsurable, everyone under 25 wanted or had a GTI lookalike.
astra 1.4 J reg was easy to insure at £600 a year then increased when everyone under 25 wanted to have or had a GSI lookalike.

dont FRONT with insurers dad main you named you drive car all the time, when you smash it questions will arise.

if your car is over 11 or 15 years with some insurers. think classic car insurance hell you earn no NCB but for peanuts would you really care?

that would open up your potential car market in my honest opinion.

s_b

mikey72 wrote: »

I remember my insurance was next to nothing when I was 17.
It certainly wasn't two or three months wages.

i took home £14.16 after tax