Car Insurance quotes >£200 no matter the car

Diego_Francis

I fancy getting a petrol car to get away from my current diesel.
I've considered hybrid petrol cars and hybrid plug ons then I have also looked simply at petrol only cars.

As stressful as it is getting for me to find a car I can afford to buy and run I'm now burdened with this frustrating predicament.

No matter what model car I look at or what insurance category it sits in, even a cat 1, I can't get a car insurance quote that goes below £200. The cars I look at range from £5k to £20k. The average from 2015-current

I have 12 years no claims protected and a clean licence. Has always been the case. I was under the impression by now as a 30 year old with essentially a flawless run I'd be getting insured at cheaper rates by now.

Is £200 the cheapest anyone in my circumstances can get for car insurance?

I've tried all the comparison sites and followed the mse car insurance guide.

I'm exhausted. If £200 is the best I can get I honestly don't see why it's worth keeping my no claims or going electric either. Even a VW UP lowest spec costs £206 to insure.

Is any of this right? I feel like it should be really cheap to insure a VW UP.

On the positive side I can get whatever the hell I want because I know no matter what I'll be paying at least £200 to insure the !!!!!!.

Edit..

I forgot I had posted something similar recently I rarely use this account and don't get notifications.

I suppose I'm trying to figure out why £200 is the standard minimum for car insurance full comp. Just seems bonkers to me 

MrFrugalFever

Welcome to the world of car insurance, something you should be familiar with by now. £200 fully comp is a bargain if you ask me, given the amount of insurance fraud that takes place each year.

dunstonh

No matter what model car I look at or what insurance category it sits in, even a cat 1, I can't get a car insurance quote that goes below £200.

£240 isnt a bad price.   We are in one of the cheapest places in the country for car insurance and the best price we have on one of our cars is £164.   The others are in the £200s range.

Is £200 the cheapest anyone in my circumstances can get for car insurance?

You havent given enough detail to suggest what your prices could be.

've tried all the comparison sites and followed the mse car insurance guide.

Then you are probably looking at the best prices for you then.

Is any of this right? I feel like it should be really cheap to insure a VW UP.

Earlier this week a small cheap car overtook a tractor and spreader and lost control and rolled it upside down and took the spreader out and ended up in a field.     Two ambulances, air ambulance, serious injuries to two.  About 10 police cars and a couple of fire engines.  The tractor and spreader is probably about £250k and the costs will likely bring it to £1m.           A car that is £3000 can cause as much loss as a car that is £30,000.

Aretnap

Are you talking about £200 a year or £200 a month?

The latter is quite expensive I grant you, but £200 a year is very cheap. It's about as cheap as car insurance ever gets, and is chicken feed in terms of the overall cost of running a car - two tanks of petrol for some cars.

Insurance groups are not a particularly useful predictor of car insurance prices. They are not actually used by insurance companies to calculate premiums - they are mostly used by car manufacturers to sell cheap, small engined cars. Don't pay too much attention to them.

As Dunston suggests, there is a limit below which premiums will not go no matter how cheap your car is. Unless you are driving something ludicrously expensive, most of the price is third party risk rather than the risk of damage to your own car. You are just as likely to drive into a Ferrari or run over a pedestrian and paralyse them for life in a 10 year old Fiesta as you are in a brand new BMW. In fact if anything you are more likely to do it in the old car which will not have modern safety features and is more likely to be in poor mechanical condition,  so old cheap cars can be more expensive to insure than shiny new ones. 

jimbo6977

£200pa would be about as cheap as it gets. 

£200pcm would suggest you are living somewhere considered high risk. 

Aretnap

One other example...
https://www.google.com/amp/s/amp.theguardian.com/world/2012/nov/19/23m-compensation-crash-agnes-collier
As it happens, a BMW driver caused this accident. But it could just as easily have been a VW UP. This is why you can't get car insurance for £50.

dwsjarcmcd

Diego_Francis said:

Edit..

I forgot I had posted something similar recently I rarely use this account and don't get notifications.

I suppose I'm trying to figure out why £200 is the standard minimum for car insurance full comp. Just seems bonkers to me 

I'm not sure why you think £200 is expensive and why as a standard minimum, it's bonkers (it's not a standard minimum). 

From this premium, they not only have the risk costs but the acquisition costs.  If you purchase via a comparison site, the insurer will need to pay the PCW around £50 and if you buy direct, they will need to pay search costs that probably exceed this amount.  They also have all the system costs and operational costs to add to that.
Wish my insurance was only £200!! 

missile

Get a bicycle or walk

MovingForwards

I'm paying under £230, with full NCB, could get it cheaper with no name insurers who have bad reputations.

If you want even cheaper insurance, buy a classic car, that used to cost me just under £100 a year.

atlantis187

I would bite their hand off at £200 a year.
Mine is nearly £900 with 5 years no claims on a 12 plate Clio

Diego_Francis

Thankyou all for your input. It's reassuring to know I'm just ill-informed. I remember years ago my dad was getting a premium under £100 but with the inflation and excess accidents increasing from then to now yeah makes sense why <£200 is near impossible.
Also I'd love to own a push bike and may get one eventually but need a second car for school runs, even though I'd happily walk in the rai with the kids but the misses is having non of that haha.

So yeah I'm out of touch with reality is basically the honest answer for this and I appreciate some of the insights on this thread.