just been reading the thread below on insurance and it reminded me of when i was phoning round for quotes on my first car. i was 17 and had just passed my test and bought myself a d reg 1.3 astra for about £500. i phoned a company that had a full back-page advert in some crap car magazine that 17yr olds buy which was caliming to be the performance vauxhall specialists, catering for young drivers, modified cars, convictions and bans - you name it, they will do it. nice one, i thought, should be able to sort me out.

 

after i had given my details etc etc the guy at the other end said to me "sorry mate, there's no way we'd ever touch anyone your age on A CAR THAT POWERFUL"

I called Hyperformance in brum when i got my licence back as they said on their adany car, any driver, i had a 1.2 nova (group 3) they turned me down on the spot!!!

 

I later found a small local firm who covered me 3rd pty fire and theft for a mere £1280 a year!!!!

 

The moral of the story is dont get banned for dangerous driving, let alone twice!!!

a lad i work with has just passed his test ( again) its along story, he passed his test, didnt send the forms off, license got revvoked after 2 years cos he didnt sent the forms back (he didnt know it had been revoked and drove for another year totally illegally) picked up 6 points then when the police found out he got banned for a bit and had to retake his test. so.. he passses his test buys a y reg fester 1.3 and starts ringing around for quotes. top this his quote from the abbey national was... wait for it........

 

 

£6947 :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek:

 

he managed to get it down to 1500 with someone else, but foook me!!!

 

i told him to get it in writing and go to watchdog with it.... outrageous fvcking rip off *******s .

in hill house hammond, pug 1.3, asked out of curiosity the most expensive I could get insurance for, got quoted 30k ;)

OK, I can top this!

 

I'm going back a few years here, but a mate of mine had a brother in law, who at 23 was doing quite nicely in the city. (Yes Maggies Britain, yuppies and all that).

 

He didn't like porcas, so he bought a ferrari testarossa in girly white(!) and a flat in docklands. The only way he could get insurance was through Lloyds and this was the deal.....(I was told)

 

He paid a premium of around £14,000 a year, with a 10,000 excess. But first he had to send a 'holding retaining deposit' to Lloyds for £850,000 which would become non-returnable if he made a claim over £20,000 in value.

 

(And the interest rate back then was about 12.5%, so he could have been earning over £100k pa interest on his deposit!)

 

This was the only deal he could get and he'd already bought the car, so he took it.

 

The punchline is that he wrote the car off just after he renewed the policy for a second year.

 

Ouch!

 

(but then again, I heard he was making about £1.2M a year back then anyway, so what the hell eh!)

My first car was insured in mum's name with any driver. That was long ago before they closed all the loopholes lol

Paul

Originally posted by paulg

My first car was insured in mum's name with any driver. That was long ago before they closed all the loopholes lol

Paul

 

I'm 30 yrs old and I've gone from me mum to my wife with me as the named driver , it always works out cheaper than getting my own insurance

Honestly got something in the post for £99,999 on a 1 litre Micra. Kept it somewhere, and will scan in once I can find it......if I ever sort my room out.