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Supercar insurance?

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orangeops
orangeops Posts: 4 Newbie
in Insurance & life assurance
Hi guys,
Just passed my car test last week, ive had my full motorcycle licence for 2 years though. Btw ive just turned 18. My question is, ive seen in the news about guys who are like 20 or younger driving their parents supercars, how do they get insurance??!! :think::think::think::think: My dads got a Ferrari 458 Italia, how can i get insurance for it, there definately is a way as the people in the news are driving with it. Is there some way to get the insurance for me bearing in mind im only 18, like putting me as an additional driver or something.

BTW i have 2 years motorcycle NCB
Any help much appreciated :):)
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Comments

  • scheming_gypsy
    scheming_gypsy Posts: 18,410 Forumite
    they normally get insurance because they're minted and can afforded to pay it.

    Although i've found it quite reasonable when i've messed about with quotes. Under £2000 no matter what i've quoted for.
  • dunstonh
    dunstonh Posts: 119,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    , how do they get insurance??!!

    Same way as everyone else.
    My dads got a Ferrari 458 Italia, how can i get insurance for it

    Pay the tends of thousands it will cost you to insure it
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • orangeops
    orangeops Posts: 4 Newbie
    scheming_gypsy wrote: »
    they normally get insurance because they're minted and can afforded to pay it.

    Although i've found it quite reasonable when i've messed about with quotes. Under £2000 no matter what i've quoted for.

    I dont mind spending up to £4000k if need be. However when i checked on Comparethemarket and confused noone quoted me. Are there certian companies i should approach?
  • scheming_gypsy
    scheming_gypsy Posts: 18,410 Forumite
    Brokers usually rather than comparison sites.
  • orangeops
    orangeops Posts: 4 Newbie
    Whats the difference between brokers and comparison sites? Also would you know of any who are likely to get me a quote?
    Cheers
  • mikey72
    mikey72 Posts: 14,680 Forumite
    The normal way is to ask your dad to put you on as a named driver.
    But it depends who he's insured with, and if they'll let him.
  • dunstonh
    dunstonh Posts: 119,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I dont mind spending up to £4000k

    One assumes you own many supercars and probably a few jumbo jets, helicopters and luxury yachts at that price.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • raskazz
    raskazz Posts: 2,877 Forumite
    orangeops wrote: »
    I dont mind spending up to £4000k if need be. However when i checked on Comparethemarket and confused noone quoted me. Are there certian companies i should approach?

    I think most insurers would cover you for £4000k i.e. £4,000,000.
  • orangeops
    orangeops Posts: 4 Newbie
    Lol my bad i meant £4k :embarasse
  • jamesauld
    jamesauld Posts: 8 Forumite
    orangeops wrote: »
    Lol my bad i meant £4k :embarasse

    How about going out and using that 4k to buy a car and insurance?
    At 17 you dont really need to be driving a car like that in public.

    Have ur dad take you for track days sure!
    But it aint much fun driving a super car at 40mph, oh and jus wait till ur mate wants u to go park in that dodgy tight space.

    Get a little fun first car, ram all ur mates into the 4 spare seats and impress them with the fact ur not as flash as ur dad. But at the same time are pretty sorted financially
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