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tomlikes View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tomlikes Quote  Post ReplyReply Direct Link To This Post Topic: Young insurance
    Posted: 24 Apr 2019 at 4:51pm
Anyone have any ideas on how I, a 19 year old, could get insured on my e30 325? Ive searched for days and have had no luck with any reasonable quotes. Just looking for any help. Thanks.
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Tony View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tony Quote  Post ReplyReply Direct Link To This Post Posted: 24 Apr 2019 at 5:16pm
What you consider excessive might simply be the norm for that car, in your area, at your age.

What sort of premiums are you seeing?

Are you doing lots of miles? Is it modified?

A 'black box' policy may be the cheapest, but you'll have to drive like a saint to maintain the discount into future years.

For example, my 21 year old niece, who passed her test almost 3 years ago, is paying close to £200/month for a 10year old Peugeot 207 worth £2k at most.


Edited by Tony - 24 Apr 2019 at 5:21pm
2006 Z4MC
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steveH View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steveH Quote  Post ReplyReply Direct Link To This Post Posted: 24 Apr 2019 at 11:15pm
If you add your parents to your policy this can often reduce the premium :-)

Perhaps the e30 325 should have come after something like a Mini One D or Aygo etc when you could have put a couple of years no claims under your belt.

The 325 is a potent car and (no disrespect intended) young (male) drivers are often involved in accidents.

Good luck and do enjoy the 325 - I still do :-)
Tell it how it is the Northern way.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tomlikes Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 9:45am
It is my second car so would be limited mileage, but the only quote I have got back from anyone is £5000 a year which I just cant afford. If that is all there is to offer then I might just garage the car and work on it until I can afford to actually drive it Unhappy
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bmwcarclubinsurance Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 9:47am
Hi!
We have a young driver branch which offers black box policies, have you tried us yet? 
Carlie
BMW Car Club Insurance
0330 123 0197 - bmwcarclubinsurance.co.uk
BMW Car Club GB are an Introducer Appointed Representative (IAR) of A-Plan Holdings.
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Tony View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tony Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 10:30am
Originally posted by tomlikes tomlikes wrote:

It is my second car so would be limited mileage, but the only quote I have got back from anyone is £5000 a year which I just cant afford. If that is all there is to offer then I might just garage the car and work on it until I can afford to actually drive it Unhappy
Maybe a classic policy would work out cheaper then?
2006 Z4MC
164k mile, Individual Ruby Black, Extended Champagne & Piano Black trim
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tomlikes View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tomlikes Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 10:40am
Yes thats what I thought, but tried ringing them all and none willing to even offer me one of those.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tomlikes Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 10:41am
Originally posted by bmwcarclubinsurance bmwcarclubinsurance wrote:

Hi!
We have a young driver branch which offers black box policies, have you tried us yet? 
Carlie

I got a call back from you and they said they cant insure me because im too young and cant see a black box doing much on a 30 year old carLOL
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Mike Fishwick View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mike Fishwick Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 11:00am
I thought paying 900 Euros per year on my 2.8 Z3 in France, with full NCB and being in my seventies was extortionate!  Growing old does indeed have its compensations - but by the time you can insure a decent car at a reasonable premium the UK will probably have a ban on petrol cars, and a 40 mph speed limit . . .

Looks as if you will have to swallow your pride and drive a 'Grey Porridge' type of car until you grow older!  Mind you - an average small Peugot hatchback with a 1.9 turbo diesel has plenty of performance, and is  relatively cheap (?) to insure.
A Z3 is not just for Christmas - it's for life!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davebrindlee36m3 Quote  Post ReplyReply Direct Link To This Post Posted: 25 Apr 2019 at 4:54pm
My 2003 318ci coupe insurance is due, my renewal quote from Classic Line has gone up from £239 TO £355 so i rang A PLAN THATCHEM.. £640 was there quote, unbeleivable.. I,m 60 years old with max no claims..The worlds gone mad..LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steveH Quote  Post ReplyReply Direct Link To This Post Posted: 30 Apr 2019 at 12:22am
A Plan are the BMWCC Insurance Co so how on earth are they double other credible insurance brokers ???
Are they really offering members a tangible benefit ??

May of course be anti - over - 60's though Dave :-)
Tell it how it is the Northern way.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Norrie Quote  Post ReplyReply Direct Link To This Post Posted: 30 Apr 2019 at 7:41am
A Plan is indeed a Broker and not an Insurance underwriter, they try to match the Policy with the proposed insured. I have found them 100% efficient and successful for both my cars E39 523i and E65 B7 4.4 . However, I always smile when people discuss quoted prices as so many factors are taken into account when the quote is given not limited to but to include a few:-

a. Occupation
b. Post Code
c. Car garaged
d. Alarm system
e. Tracker fitted
f. Car value
g. Age of insured
h. How long full licence held
i. No claims bonus
j. Offences or convictions
k. amount of excess on policy
l. Courtesy car required
m. Break down recovery included
n. as per M but including Europe
o. Annual mileage
p. type of usage ie social, inc commuting or inc business use?
q. Legal protection cover

I am sure there are a host more, however it is all about risk assessment and young people who may be excellent and safe and responsible driver suffer from the fact statistics say otherwise.

Therefore, it is almost impossible to compare person A to person B.

A Plan do a great job for me, there are alternatives and they will not be able to match every person who contacts them.
Norman Burnham Alpina E65 B7
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davebrindlee36m3 Quote  Post ReplyReply Direct Link To This Post Posted: 01 May 2019 at 5:31pm
I have mates paying less to insure E36 M3,s which is absolutely unbeleivable, but i always got a great deal off Classic Line when i had my M3, maybe i should buy another ? Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Norrie Quote  Post ReplyReply Direct Link To This Post Posted: 01 May 2019 at 11:00pm
Originally posted by davebrindlee36m3 davebrindlee36m3 wrote:

I have mates paying less to insure E36 M3,s which is absolutely unbeleivable, but i always got a great deal off Classic Line when i had my M3, maybe i should buy another ? Wink


Not too sure that this makes any correlation due to the contents of my post and the components made to give any client a quote? I really do not think people understand how the quote is made. For example a Doctor, Dentist, Barrister, Surgeon, Solicitor and other business professionals will get a better rate based on occupation compared to for example a roofer, plumber, builder, factory, shop worker or manual labour. The degree of risk is perceived to be lower.

You can also have situation where depending upon which side of a road you live with a different postcode may have impact.

The information you give needs to be as accurate as possible, it is often not and even though people have not deliberately tried to be untruthful they may have missed telling the insurer something to their benefit. An example in may previous address I had no garage, however we did live in the ground of a Manor house which had a 10ft high wall, electric gates, CCTV and a security patrol. Therefore, just ticking the boxes or saying yes or no may not benefit you.

The real point is, how much time do you have and how many quotes do you want to get, the premiums change on a daily basis based on th number of claims being made and the number of payments. If you get a quote just after winter it will probably be higher especially if cars crash in ice and snow, if your area has flooded it may increase, if there have been thefts in your area of your model or car type and so on and so forth. You may try to simplify it but its not black and white.

My son used to work for a major insurance underwriter and the information I have posted was gained from him in the most part.

Edited by Norrie - 02 May 2019 at 9:40am
Norman Burnham Alpina E65 B7
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davebrindlee36m3 Quote  Post ReplyReply Direct Link To This Post Posted: 02 May 2019 at 6:12pm
Hi Norrie, yes i know my message is a different comment but in response to your earlier post,                       

A. i.m retired.                                                                                                                                        
B.pr1                                                                                                                                                  
C.Garaged.                                                                                                                                           
D.Alarm yes.                                                                                                                                        
E,No Tracker.                                                                                                                                        
F,£1200 value.                                                                                                                                     
G,Age 60.                                                                                                                                            
H,Held clean licence 43 years.                                                                                                                  
I,Over 10 years no claims.                                                                                                                     
J,No convictions.                                                                                                                                  
K,£250 excess.                                                                                                                                    
L,Courtesy car no.                                                                                                                                
M,Breakdown yes.                                                                                                                                
N,No european cover.                                                                                                                            
O,5k miles per year.                                                                                                                              
P,Social only cover.                                                                                                                             
Q,No protection cover.


Edited by cre8 - 03 May 2019 at 12:51pm
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Norrie View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Norrie Quote  Post ReplyReply Direct Link To This Post Posted: 02 May 2019 at 6:16pm
Sounds like you might get a better deal with more investigation, good luck with that.
Norman Burnham Alpina E65 B7
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Phil01 Quote  Post ReplyReply Direct Link To This Post Posted: 02 May 2019 at 7:27pm
HI Dave
 Have you tried SAGA Insurance its for the more mature people???????????????
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davebrindlee36m3 Quote  Post ReplyReply Direct Link To This Post Posted: 03 May 2019 at 1:08pm
Nice one Phil LOL...Lancaster ins in club mag QUOTE WAS £1300.                                                                Adian Flux Quote was £690..I,v just renewed with Classic Line..Wink At £355..Clap                                     
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Norrie Quote  Post ReplyReply Direct Link To This Post Posted: 05 May 2019 at 8:13pm
DB 500 miles a year you said above that is 1.40 per mile to insure your car, ouch.
Norman Burnham Alpina E65 B7
E39 523i Saloon
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davebrindlee36m3 Quote  Post ReplyReply Direct Link To This Post Posted: 06 May 2019 at 3:54pm
5k miles Norrie, 5000...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Norrie Quote  Post ReplyReply Direct Link To This Post Posted: 06 May 2019 at 5:56pm
That better 14.92 pence per mile. apologies, the letter O was read as a zero ie 0.5K.
Norman Burnham Alpina E65 B7
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Blondie Quote  Post ReplyReply Direct Link To This Post Posted: 11 May 2019 at 10:51pm
Hi my son just done his with Admiral he only 19 pasted test last sept. He drives 1990 e30 318i baur. Got his insurance for just under 1200. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davebrindlee36m3 Quote  Post ReplyReply Direct Link To This Post Posted: 12 May 2019 at 5:19pm
Hi Blondie, is there a mileage limit on his policy ?
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