Young male, luxury car, how to get insurance down?

fadetogrey

When I read "young male,luxury car" I thought the next words were going to be "would like to meet".........:cool::cool:

Strider590

I had my hands on a sum of money not dissimilar to the OP, so did one of my best mates.

I put a deposit down on a house, he bought a Merc.

Years later I still own a house, he had to get shot of the Merc because it was falling apart.

I have a GF and can bring her to my place
My mate lives with his parents and has been single for 6 years

DCFC79

Whats wrong with driving a smaller cheaper to insure car ?

fivetide

JimmyTheWig wrote: »

Your past history of cars is not taken into account.

That's not right.

When it comes to more specialist insurers experience counts for a lot. If the car you want is percieved to be 'high performance' then they will ask for experience.

For example the insurer i got to cover my Subaru wouldn't have done so if I hadn't previously owned a Supra. Even having high powered bikes carried no weight!

5t.

TrickyWicky

Well with your sort of money this is your best option:

Buy a cheap banger, insure yourself on it. Don't drive it, buy the nice car, be the envy of your mates with your own driver (me obviously). That way you still clock up your NCB and you get more for your money than you would paying £10k to an insurer. Plus when I'm not around you can still get out and about in the banger at short notice.

Deal?

jaydeeuk1

If money no object then go for it.

IMO, a young driver is likely to drive far more carefully and look after a smart, near new BMW or Audi, regardless of engine, than a chaved out 1.0 Corsa.

Seems to be a lot of jealousy on this thread!
However, DO get an advanced driver training course on how to handle more powerful (and presumably rear wheel drive) cars, they handle a lot different to the 1.4 Astra you probably drove when learning.

Have you got a parent you could add to your insurance? Might make it a bit lower. Otherwise, as suggested get a cheapo runabout for a year or two, and then move on to your posh car.

swbrua

thx all for the advice, I guess it's taking the extra driving courses and getting a cheap car for me then.

Gordon_Hose wrote: »

Maybe the OP should add a signature to his posts...

"Considerably richer than YOW!"

cute. If I cared about how much money I have I'd just go hang out in a club and casually mention it to the hordes of people that care about money.

Strider590 wrote: »

I had my hands on a sum of money not dissimilar to the OP, so did one of my best mates.

I put a deposit down on a house, he bought a Merc.

Years later I still own a house, he had to get shot of the Merc because it was falling apart.

I have a GF and can bring her to my place
My mate lives with his parents and has been single for 6 years

I haven't come into a sum of money, I've got a long term well paying job, but I understand your sentiment. For me a long term investment in a house isn't something I'm interested in, it's a gamble to assume I will always be in a reasonable position in my life but it's the gamble I want to take. I'd much rather live well for a couple of years than invest in my future and live "average". I'm sure 3 years down the line I'll read these posts and kick myself in the balls as I sit in my parents living room with nothing but the clothes on my back to my name, but you only live once right... I always found that a terrible justification for doing dumb things, but I will take it!

swbrua

jaydeeuk1 wrote: »

If money no object then go for it.

IMO, a young driver is likely to drive far more carefully and look after a smart, near new BMW or Audi, regardless of engine, than a chaved out 1.0 Corsa.

Seems to be a lot of jealousy on this thread!
However, DO get an advanced driver training course on how to handle more powerful (and presumably rear wheel drive) cars, they handle a lot different to the 1.4 Astra you probably drove when learning.

Have you got a parent you could add to your insurance? Might make it a bit lower. Otherwise, as suggested get a cheapo runabout for a year or two, and then move on to your posh car.

Parents driving ability is questionable, I can't see how their names would help as I believe both routinely crash.

TrickyWicky wrote: »

Well with your sort of money this is your best option:

Buy a cheap banger, insure yourself on it. Don't drive it, buy the nice car, be the envy of your mates with your own driver (me obviously). That way you still clock up your NCB and you get more for your money than you would paying £10k to an insurer. Plus when I'm not around you can still get out and about in the banger at short notice.

Deal?

As one would assume, for me to be in the situation I am in I spend almost all of my time working, I have no friends and I want a nice car because I like nice cars, not because of the associated status or ego boost heh.

vacheron

If you mean what you say that you want a luxury car (as opposed to a car from a luxury marque), and are more interested in quality than the badge on the grille, have you considered getting a quote on a VW Pheaton? As it's a lot rarer than the other German offerings it seems to pass by the insurers a little. I was amazed at reasonable quotes I was getting though I am quite the old git by your standards (37) , plus you get a bentley flying spur chassis and all the same electronic toys for a fraction of the price and with an added 'discretion pack' at no extra cost ;-)

Plus, i second adding a female. Adding my wife reduced my premium by 15% even though she has only had a full licence for 3 years and quote "there is no way I'm going to risk driving that thing!' :-)

vikingaero

Adding one of your parents will reduce the premium by a small amount - 5-10%.

Realistically most new male drivers will pay around £2-4k for insurance on a 1 litre car.