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Discussion Starter · #1 ·
OK not a happy bunny!

Been flicking through e bay, thought i know, id pick myself up a £500 C reg Golf Cab! 145k on the clock, looks ok, just run it for 6 months over the summer with the roof down get an all over tan, then sell it on.

Go to get insurance, considering my daily Golf 1.8T 98' S is only £707

THIS 17 year old car valued at £400 will cost me £689 third party!!?!?!?!? why? WHY??? WWWWHHHHYYYYYYY????????
 

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I was going to get a knackered old Volvo estate to carry all my kitesurfing gear around in - I found one for £50 with tax and MOT until the end of year - until I found out it'd cost me about £370 to insure it!

How insurance companies work I have no idea......
 

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Value of the motor has very little to do with it these days. A cleint of ours works in motor insurance and they reckon that most "high street" insurers policies have only a 5% incrase in price per £4k of motor value up to £25K. i.e a £14K motor will only cost about £160 more than a £1K motor. Price is relected by drivers age, vehicle age, area, type (hatch, cab etc) and part costs. To give you a prime example the new scooby is £15 less than the last scooby which was a 2001 model. Our no claims hasn't gone up or down and we are the same age! Figure that one out. The isnsurer said its because of better security and availability of lower cost parts.

Where as the V5 is £140 more than my last Mk3 GTI 16V even though they had the same insurance gorup rating.

However we can all expect a price hike next year as the insuance tax is going up!
 

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Do you remember when the Esc*rt RS C*sworth came out some 10 years ago nearly?

Clarkson (or Clarkdaughter to me!) did a number on top gear and for a 21 year old in London they were quoted......wait for it......

£17k !!!! LOL!!!!!
 

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You could well do, weekly insurance would be better. However the cheapest method would be to insure someone else on it i.e the safest bet you can find like your granny for say £200. Then when you step in it you are automatically insured 3rd party through your fully comp 1.8T policy. Thus no more cash to pay out.

However this is totally wrong and shouldn't be done OK!
 

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Plus you'd need to clarify what cover your GTi had whilst using the 3rd party cover for driving your granny's car. For expample if it happened to be driven into whilst parked up without the other party leaving their detail, whilst you prang into the back of someone in your granny's car.

After all you know how insurance companies hate to pay out. "Oh sir but your car is modified, that air freshner is not part of the std equipment for your model sir, sorry we will need to reduce your payout by 10K".
 

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No just a bit cheesed off at how much they charge. It's almost like they see pound signs in front of their eyes the minute that you mention that you have a modified motor.

I suppose that it's my own fault as I've declared everything [:(]

Mind a big up for HIC as they managed to reduce my renewall (was with Greenlight) by £120 this year plus I get extra cover. Couldn't cover me in previous years as the car was worth too much.
 

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Quote: posted by ianhg on 26/12/2004 18:54:35

Quote: posted by Chris on 26/12/2004 18:30:12

You've just replied to an 18month old thread dude!

[:D][:D][:D][:D][:D][:D][:D][:D][:D]

whats wrong with that? saw it and thought id reply!

lol!! just how long have you been sat there flicking though the forum to find this [:D][:D][:D]
 
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