I take it all back, young drivers these days really ARE getting ripped off! [Archive] - Performance Nova Group

Jack

10-02-10, 01:06 AM

Decided to see what all the fuss with young drivers getting shafted is all about, so did some investigation.

Back in October 1999, I passed my driving test (first time I hasten to add :p) and the next day bought a 1988 F reg Fiat Uno Formula 45, with a 903cc engine. For the record, ABI list it as insurance group 2. I paid £800 for the car, and promptly insured it with CIS (who may not have been the cheapest as I didn't shop around much) TPF&T for the princely sum of £600.

Now lets look at today. Say I'm 17 again, just passed my test, and bought a 1988 Fiat Uno F45 for £800. Put all the details into Comparethemarket (to get a rough idea) exactly as I was back in 2000 - student, living at home (grade A postcode), 0NCB, you know the drill.

£2,200 was the cheapest price :eek:

Thinking well, perhaps the age of the car has come into it. So I tried a newer equivalent - 1995 Fiat Cinqueciento 899cc (again, ABI group 2). This came out as £1,913.

So thats an increase of about £1,100-1,400 in 10 years. Or, to put it another way, a 139 to 175% increase in insurance premium costs in 10 years. I wish my savings account gave me that amount of interest! In October 1999, I was a student earning £30 a week working saturdays in town - £800 to buy and £600 to insure a car was doable, just. £3,000 to buy and insure a car would, quite simply, have been impossible. Kids were crashing cars back when I was 17, surely there can't be a 175% increase in accidents involving young drivers in that time period?! And you can hardly say the 899cc cinqueciento is a boy racer car with a high claim rate to its name...

Moral of the story: Insurance companies really are ripping off young kids. Subtext: If you want to earn big money, get a job in motor insurance lol

brainsnova

10-02-10, 01:09 AM

when 17 i just passed my test 1999 1.3sr TPFT £1050 nowaways crazy lol

AlexW

10-02-10, 01:27 AM

This is why there is so many threads about expensive insurance.

And people wonder why people drive with no insurance!

LEWI007

10-02-10, 01:31 AM

This is why there is so many threads about expensive insurance.

And people wonder why people drive with no insurance!

Exactly :thumb:

burgo

10-02-10, 04:10 AM

what pissed me off was the fact it was cheaper whilst i was on a provisional, as soon as i passed it went up £300!!! ****ers

bmw156

10-02-10, 07:22 AM

This is why there is so many threads about expensive insurance.

And people wonder why people drive with no insurance!

going on this point, which i dont condone. but can understand.

say you get caught driver with no insurance, tax but maybe a MOT for your own safty lol.

you might loose your licence, and get some points and get fined a couple of hundred quid, and loose your car.

say you have a ****ter which you can get rid of at any time, your not going to care aboiut getting it unimpounded.

so the max money your gonna pay out is a few hundread for a fine, and maybe a few quid for a retest.

which is a damn lot less then the 2 grand insurance. this country is seriously backwards.

Pistol Pete

10-02-10, 09:27 AM

I too passed in '99. Shocked at your findings TBH Jack.

Cant help thinking that maybe 17-20 y/o drivers should follow a similar route to the bike test thingy. Limited to 33bhp unitl 21 IIRC after passing.

Re: the driving with no insurance thing...yeah i can see why people do it, as the fines are sweet fa. Less than a years insurance. lol surely someone must realise this is why people do it??!!

NovaLad

10-02-10, 09:32 AM

Aint that the truth!!!

wwmnw

10-02-10, 10:13 AM

what pissed me off was the fact it was cheaper whilst i was on a provisional, as soon as i passed it went up £300!!! ****ers

That's because if you only have a provisional you have to have a qualified driver (who's been passed for more than 2 years) out with you at all times.

burgo

10-02-10, 10:18 AM

That's because if you only have a provisional you have to have a qualified driver (who's been passed for more than 2 years) out with you at all times.yes im aware of that but im still the one in control. which means they insure somebody who technically doesnt know how to drive for cheaper than someone who has been proven to be of the required standard for a licence!!!

AlexW

10-02-10, 10:29 AM

IIRC max fine for no insurance is £1000. If your car cost £50 and you dont mind spending a couple of hundred to retake your test, blah blah, then its a lot cheaper than some insurance!

Jack

10-02-10, 10:30 AM

I guess the thinking is if you're with mum/dad/whoever you're less likely to do something stupid, or if you get stuck you have someone else who can jerk the wheel (oo-er) to avoid an accident or give you advice.

Cant help thinking that maybe 17-20 y/o drivers should follow a similar route to the bike test thingy. Limited to 33bhp unitl 21 IIRC after passing.

Re: the driving with no insurance thing...yeah i can see why people do it, as the fines are sweet fa. Less than a years insurance. lol surely someone must realise this is why people do it??!!
I think the max fine for no insurance is £1000? Cool, you could get nabbed twice and it would still be cheaper lol

As for the limited power thing, I always thought this was almost the case with prices, i.e. the price to insure something over, say, 75bhp was too expensive so it would put people off doing it. Meh, when an 899cc Fiat is £2k to insure you may as well spend another grand and get a 2.0 turbo whatever lol

Mattman

10-02-10, 10:43 AM

I think the max fine for no insurance is £1000? Cool, you could get nabbed twice and it would still be cheaper lol

Will all work itself out in the end tho when trying to get insurance with 2 IN10 convictions = mahoosive premium.

T0M91

11-02-10, 03:43 PM

Try £170 a month for a 1.0litre... SUCKS

Pete

11-02-10, 03:50 PM

for me to get insured on my 1 litre nova, it would cost me £2,800 TPFT with a sum of £600 premium .... hence why im not driving becuase i cant afford it :( im doin all my touch ups on the car now, and then when im older and better off for money im going to get insured and have a half decent nova rather than some crappy bog standard 1 litre....

But good invistigation there Jack.

General Baxter

11-02-10, 03:51 PM

oh my god, a year after i passed mine i had that 190bhp beemer, that was only 1k a year lol

Pete

11-02-10, 03:55 PM

oh my god, a year after i passed mine i had that 190bhp beemer, that was only 1k a year lol

Many many moons ago now tho lol

General Baxter

11-02-10, 03:56 PM

4 or 5 lol

Connor

11-02-10, 05:00 PM

even renewal prices are bad mine:
19, good post code
1 yrs no claims
Standard 1.2 nova loon 4dr
3points (sp30) for speeding 2years ago
cant get insurance for under 850 :(

Dave.

11-02-10, 06:04 PM

That really is stupid!

i got quoted for my nova, TPF&T, all mods declared, 1000cc in a medium risk postcode, £4600!

We did exactly the same for my dad, TPF&T, all mods, £228

I can seriously see why young drivbers like me do "fronting", yes it is illegal, but the chances of getting found out are medium, and also the fine is probabley less than the insurance!

Mike

11-02-10, 06:22 PM

Makes me glad im just that tad older TBH.

Betweeb 17/18 i was paying a little over £3k F/C for a R5 GT Turbo, blew that up/set fire an had a 205 GTi which was IIRC £2k odd, then had a Nova SR which was £1400 exactly F/C.

If i qoute the same cars with my age now, the R5 comes in at £350ish F/C, the GTi about £250 an the SR £210ish.

burgo

11-02-10, 06:30 PM

what companies are you using for these quotes?? as i know im older but ive got a dr10, in10 and no no claims bonus yet its still only £700 for a standard 1.2 nova

Mike

11-02-10, 06:34 PM

what companies are you using for these quotes?? as i know im older but ive got a dr10, in10 and no no claims bonus yet its still only £700 for a standard 1.2 nova

I just use confused.com/sexually for the majority, then call them up an strike a deal. Or i contact Sky.

Luke, its not much more then that for an FD3S + Corsa in one policy for me, thats some perspective to compare with as were similiar ages etc etc.

xe_nova9

11-02-10, 07:20 PM

Logical Improvement

11-02-10, 08:13 PM

what pissed me off was the fact it was cheaper whilst i was on a provisional, as soon as i passed it went up £300!!! ****ers

I wouldn't think of telling them. I assume that once you don't have a guiding influence you'd be inclined to drive like a young person. Badly !!!lol ;)

MK999

11-02-10, 08:20 PM

I think insurance will be w*nk until your 21+.

I'm 19, good postcode, 1.2 nova merit, suspension and alloys, garaged, alarm, zero no claims, will be £1150 give or take a few quid, with my mum as a second driver. Fully comp too.

Just got to bite the bullet and pay it until you get a few years no claims under your belt :(

Just for laughs..... adrian flux, same details as above, 1.2 nova £2300.

C20XE nova with cage buckets etc etc £2500.

WTF???

Need the no claims too, i passed at 20, was £940ish on a 1.2i for the first year, £970 with 1ncb for a 1.6 front coilovers at 60mm/stripped/buckets/gsi bumpers etc etc. (Yeah I'm trying to keep insurance under a grand a year but spec the car to suit lol)

burgo

11-02-10, 08:32 PM

why are you lot insuring ****e old novas fully comp??? if you have a bump and crack the head light it will be written off instantly!!!

xe_nova9

11-02-10, 08:35 PM

Its cheaper fully comp than third party :confused: :roll: :cool:

Joe Richardson

11-02-10, 08:42 PM

Tell me about it im 18 years old,and i pay £1.900 on insurence for the SR :mad:

Insurence really is a ****ing joke,Just like this country !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Lee

11-02-10, 11:04 PM

I love watching these POLICECANTSTOPSMASHWINDSCREENWITHTRUNCHEON shows.

'The man who was driving without a licence under the influence of alcohol was banned from driving for 24 months'

I mean come on! 'The man caught doing something which was illegal was told not to do that illegal thing again for 24 months'

I can totally understand why people will drive with no insurance at a young age. Trouble is, it gives the insurance companies the ammo to boost the premiums AGAIN the next year, so, like the 'Thread Bumping' issue, its a big insurance premium paradoxical circle of doom.

SR Kyle

11-02-10, 11:16 PM

i bort a 1.3 sr last year with no years no claims at 17 they wanted £3000 so i told them to stuff it lol

Pete

12-02-10, 09:27 AM

i bort a 1.3 sr last year with no years no claims at 17 they wanted £3000 so i told them to stuff it lol

lol its ridiculously overpriced :mad:
because i purely cant afford to insure at the moment and plus i dont want to be driving a 1 litre for the next couple of years, my plans for it are, Let it,slam it,leather interior,gsi dash and door cards,another custom exhaust,re-spray,speedlines and then after all that i think it will still be the same to insure it when im 25 as it would when i was my age now trying to insure a boggy 1.0

Jack

12-02-10, 02:22 PM

bort
Want a license plate? (http://www.youtube.com/watch?v=g92S5eZ0StQ)

Plug

12-02-10, 07:22 PM

lol its ridiculously overpriced :mad:
because i purely cant afford to insure at the moment and plus i dont want to be driving a 1 litre for the next couple of years, my plans for it are, Let it,slam it,leather interior,gsi dash and door cards,another custom exhaust,re-spray,speedlines and then after all that i think it will still be the same to insure it when im 25 as it would when i was my age now trying to insure a boggy 1.0

Mate its not just age that comes into insurance prices. You will struggle like funk to insure that with no NCB.

For anyone just starting to drive i reccomend getting your own policy on a car and building up NCB before even thinking of an engine change tbh.

im 21, 0 years NCB, A grade post code, 9 Convictions and a 1L B reg nova and im paying £1700

in august when i have 1 year NCB it will be £1000 then the following year when i have no points just dangerous driving and drink driving and 2 years NCB it will be £400

NCB is the way forward for insurance

MattBrown

12-02-10, 08:11 PM

lol its ridiculously overpriced :mad:
because i purely cant afford to insure at the moment and plus i dont want to be driving a 1 litre for the next couple of years, my plans for it are, Let it,slam it,leather interior,gsi dash and door cards,another custom exhaust,re-spray,speedlines and then after all that i think it will still be the same to insure it when im 25 as it would when i was my age now trying to insure a boggy 1.0

Not to be an ****, but if you can't afford insurance, then keep dreaming about building a nova turbo!

I'm building an xe nova now, and cash is tight, taken me alot of hunting etc for parts, always skint etc!

Learn to drive before getting an engine with 204bhp!

Seen loads of people shoves xe novas into Walls/trees etc!

Connor

13-02-10, 01:03 AM

Novaboi_1991

13-02-10, 01:44 AM

Are you not jumping from a 1.0 to an xe though ?

lol nice one connor?. lol

matt. the point is. your now contradicting yourself... you was having a mass argument the other week about how you can handle the power etc etc. an how much your insurance was...

now your telling this lad not to think about engine changes if he cant afford current insurance prices...

also... we're all moaning about insurance premiums now... whats pass plus... if you take that after passing your test it knocks your premium down a fair bit...

dave watson

13-02-10, 08:46 AM

i am 17 and when i pass my test its gonna cost me around 2k to insure my 1litre nova

General Baxter

13-02-10, 09:45 AM

Are you not jumping from a 1.0 to an xe though ?

its ok, his 1L is up on power lol

Plug

13-02-10, 11:05 AM

i am 17 and when i pass my test its gonna cost me around 2k to insure my 1litre nova

that near enough what its costing me at 21 mate

dave watson

13-02-10, 12:57 PM

that near enough what its costing me at 21 mate

bloody hell my brother is 21 and he drives a redtop corsa and a mk 4 astra gsi he payes about 650 for his astra donno bout the corsa

Pete

13-02-10, 01:47 PM

Not to be an ****, but if you can't afford insurance, then keep dreaming about building a nova turbo!

I'm building an xe nova now, and cash is tight, taken me alot of hunting etc for parts, always skint etc!

Learn to drive before getting an engine with 204bhp!

Seen loads of people shoves xe novas into Walls/trees etc!

Not being funny, but who are fuk are you to tell me that i cant drive?

i have a 106 aswell which is a hell of alot cheaper for me to insure which i will be driving in the meantime to get my NCB up, whilst working on a let,

im lookin at buyin a donar cally of a good friend of mine, after that its all the other parts i need, but like i said "when im older and better off for money" i will have the Nova done and on the road...

Learn to read you moron......

Plug

13-02-10, 01:53 PM

Pete

13-02-10, 02:05 PM

/\ pete you never mentioned anywhere in the thread before that you had another car to build up NCB

all you said is you was waiting til you was 25, not once did it mention you would be building up NCB in another car

Also dave im guessing you brother doesnt have 9 convictions including 2 that will be with me for 10 years

ive only just got the 106 a few days ago, and the cally im talking to my mate about now, what i actualy said it that im "waiting until im better off for money" meaning im not in no rush to get it done, i wasnt planning on driving becuase i couldnt afford it but now i can im going to drive a 106 ( not the best car i know ) hence why i never mention its jimbo,

but my point is that i said "Im waiting until im older and better off for money" so i can have a let, insured, t&t ....

MK999

13-02-10, 02:23 PM

all you said is you was waiting til you was 25, not once did it mention you would be building up NCB in another car

I did assume he wasn't going to walk everywhere for the next 5-7? years myself lol

Plug

13-02-10, 03:19 PM

thats better :)
and who cars what you drive tbh better than walking

novaload1992

13-02-10, 04:05 PM

insurance prices are crazy my pushrod nova i drive was bloody pricey to insure :mad: though its not as bad as my other friends are paying and im fully comp

muzzy

13-02-10, 11:34 PM

I don't think i've ever had an insurance quote near £2000 before and i'm only 21. I was paying under £1000 for a 1.0 106 for a few months when i passed my test in 2005.

mr5050

21-02-10, 05:30 PM

insurance companies are bang out of order, how do they expect young drivers to be able to afford these premiums? even if you have no claims or convictions you are still being penalized! Since i passed my test in 2006 i have paid in excess of £10,000 on insurance alone, all because of one crash when i was 17. and the cars ive had have never been flash cars, vans, fiestas etc! im now seriously considering not notifying my next insurers of my claims convictions as i have a mortgage and bills and if i cant afford to drive a car i cannot go to work which means i will lose my house and everything i have! WTF am i supposed to do! im 21 and paying over 2000 for a pile of ****e 97 toyota van, it is not on and im not losing everything for a split second lapse of concentration in 2006! rant over:roll:

mr5050

21-02-10, 05:32 PM

and not being funny but this is a country of political correctness gone mad so surely these insurance companies are being ageist? you wouldnt charge a muslim more for insurance would you?

Andy

21-02-10, 05:44 PM

if you do plan on not telling them about convictions,ranting about it on a public forum was an idiotic mistake

vaughanmc

21-02-10, 05:56 PM

Had a wee read through there...Seen that Dave posted up something about 'fronting'

What's that all about ?

mr5050

21-02-10, 07:26 PM

if you do plan on not telling them about convictions,ranting about it on a public forum was an idiotic mistake
i said im seriously considering it, and im not really worried as no information on this site is traceable to me personally, that would be an idiotic mistake!

MK999

21-02-10, 07:29 PM

i said im seriously considering it, and im not really worried as no information on this site is traceable to me personally, that would be an idiotic mistake!

Actually the admin can probably tell you where you live :thumb:

Novaboi_1991

21-02-10, 07:37 PM

Actually the admin can probably tell you where you live :thumb:

actually. an admin cant tell EXACTLY where he lives, the admin can tell the town. isp. contact info for his isp and his ip.

then he would need to get in touch with his ISP and request address information, which is highly unlikely he will get them, as the isp will not give a sh*t about his insurance :thumb:

Novaboi_1991

21-02-10, 07:40 PM

also, if this bloke is into computers etc, your more than likely find he's using an IP mirror.. meaning you will have the IP of someone in the US =]

Connor

21-02-10, 07:42 PM

High priced insurance has forced me to sell my car as i cant afford insurance.
19 1years no claims, 3 points for speeding, good postcode
couldnt get it cheaper than £850 for a standard 1.2 4dr loon :wtf:

MK999

21-02-10, 07:58 PM

actually. an admin cant tell EXACTLY where he lives, the admin can tell the town.

If someone asks "where do you live?" do you give them your exact address and postcode then? Because I normally say a town myself lol

scoobynova

21-02-10, 10:14 PM

should try get insured over here, literally thousands of quid it costs, and somehow it just keeps going up, wouldnt want to try get insured on a burstner or anything let alone the nova

andy_mk3

21-02-10, 10:36 PM

My first years insurance came to £2100. 6 months into the policy I changed the address on the policy, they asked for an extra £550. It really is a rip-off. I'm lucky that my family helped pay for it, otherwise I wouldn't be on the road for a long time.

Had a wee read through there...Seen that Dave posted up something about 'fronting'

What's that all about ?

A fraud called "fronting" occurs when a young person has a car in their own name, but the insurer is falsely told that a parent is the main driver.

CoolTiger

21-02-10, 11:51 PM

just drive for a year it will soon come down :), i was paying 256£ a month on my nova ( £3500 a year) ive drove it for a year got my no claims now down to 900£ a year :) bargin

andy_mk3

21-02-10, 11:55 PM

just drive for a year it will soon come down :), i was paying 256£ a month on my nova ( £3500 a year) ive drove it for a year got my no claims now down to 900£ a year :) bargin

That's about all you can do really. But on apprentice wage it's pretty tough! My 2nd year of insurance should be about £800-900 which is much better. Still a lot for a 1.6 spi astra though.

CoolTiger

21-02-10, 11:59 PM

im on a apprentice wage put away half my pay a week to cover insurance tax and mot :)

andy_mk3

22-02-10, 12:17 AM

im on a apprentice wage put away half my pay a week to cover insurance tax and mot :)

Saving up just doesn't work for me, it doesn't happen lol

MattBrown

22-02-10, 02:41 PM

its ok, his 1L is up on power lol

Its up from standard even more now;)

The thing is, I can afford to insure it, it wasnt a personal dig, but there are so many dreamers on this site, loads of c20xe, c20let, v6, etc novas, most never get built!

Its a thing of choice, but my personal oppinion would be to go for an xe first, then a c20let:)

But in 7 years you could have a family/motgage/restrictions of cash etc:(

No need to get all arssyy about it;)

mayhem

22-02-10, 03:47 PM

wtf.. i'm never moving in the UK.

19, passed my test and bought a mk2 nova c14nz.

iirc i paid about 65 euro a month.
now i'm 23 and that same nova costs me 30 euro a month.

Mike

22-02-10, 04:09 PM

wtf.. i'm never moving in the UK.

I do not blame you, whatsoever.

andy_mk3

22-02-10, 08:23 PM

I do not blame you, whatsoever.
:thumb:lol

Stuart

23-02-10, 04:45 PM

In 1998 when I were a 'lad(y)' lol my 1.2 3dr nova cost £971 to insure TPFT with my dad named as a 2nd driver. The following year it dropped by £2-300 and then steadily dropped by around £100 a year there after will 5 years later I was quoted £190 for a year, but then changed to an Omega and it went to £380 FC lol

Now I have 10 or 11 years NCB (as does the other half) and in a multicar policy we are paying £690 for the VX, a MK4 1.8 sri Astra and a 1.4 nova (the first two are FC and the hova is TPFT). Mind you I was irate with that as it had gone up 10% from last year and we hadnt made any claims!!!!!!