45 replies to this topic

[MiniCooper500*]

I've Always Had The Urge To Own A Mini because There So Cheap To Own (Depends On CC)... Evry1 I Know Says Mini's Are Too Small And There Death-Traps... But In The Long Run They Are Better To Keep Than All These ''Chavved Up'' Corsa's, Saxo VTS's, R5GTT's, Etc...

[jamesmpi]

My first car was an 954cc Peugeot 106 even that was £2000 fully comp when I passed.....but the car was only worth £1500. Problem is because you are/will be a newly passed driver with no years of experience you are seen as a massive risk, so insurance companies will charge you mega bucks for any car you drive. Just got to bide your time and stay accident free.

[MiniCooper500*]

So I'll Most Likely Spend More On Insurance Than what the Car Is Actually Valued At

Edited by MiniCooper500*, 17 February 2013 - 06:00 PM.

[jamesmpi]

Most probably.....but you won't be alone

[Mini Mad Drakeley]

i wish you all the best in trying to get insurance for £700 most classic insurers arent insuring anyone under 21 i think it is now, completely screwed me over

[MiniCooper500*]

Well Am Better Off Owning A Car, Trust Me, In London Public Transport Is A F :xxx:g Nightmare... Every Week I Have 2Top Up 20Pound... A cAr Will Be Cheaper In The Long Run

[oli8925]

Most probably.....but you won't be alone

No you won't, I did that 6 years ago on a £1000, modified 998, insured for £1500. Wrote the car off the year after (tidied the car up quite a bit so was worth £1500-£2000) and got offered a £400 pay out. But that's life. Since then it's become ever cheaper on classic policies with Footman James (who have now changed their underwriters so Classic is only available for 21 year olds or something), but I'm now paying for it and paying a fortune on non-classic stuff because I have no actual no claims bonus, just 5 years 'claim free driving'.

Well Am Better Off Owning A Car, Trust Me, In London Public Transport Is A F :xxx:g Nightmare... Every Week I Have 2Top Up 20Pound... A cAr Will Be Cheaper In The Long Run

Probably not, don't think I'd bother with a car if I lived in London.

Edited by oli8925, 17 February 2013 - 06:12 PM.

[MiniCooper500*]

1500Pound On A 998 Is Reasonable... I've Seen People On The FordCapri Forum Saying They Got quotes For 2000-3500Pound For A 1Litre

[oli8925]

6 years ago. I wouldn't expect a 17 year old to get insurance on a modified car now full stop, and would expect a standard 998 to cost at least £2k to insure, going on experience of my partners brother passing a few months ago. He's now paying nearly £4k for a Corsa C 1.2.

6 years ago £1.5k on car insurance was pretty extortionate (for a reasonable car to insure)!

[richw911]

4K what the hell Id walk!

[MiniCooper500*]

4k On Cars Under 1500cc Is Not Uncommon But 4000 Of His Hard Earned Cash On A 1.2 Is Madness
I Can't Remeber What Forum I Was On Last Week, But There Was An Article That A 18YO Was Paying £5K On A 2000 Fiat Punto

[Remylebleu]

what you could do, is get a qoute from a company one of your parents are insured with.(assuming they drive) and see how much it is, then ask if you was added to your parents policy as a learner for the remainder of your learning period (on your parents cars not your mini) would this bring your insurance on a mini when you do pass as you will have some LNCB which alot of people dont know about as these learner no claims bonuses are becoming more popular.

so if they qoute 2k for your mini but then say if you go on your parents policy for 6 months (to be able to drive there car as a learner) for around £30 a month and then in 6 months we will insure your for 1.2k or whatever you will save money, i did this and i got 500 knocked off my insurance when i explained i had a lncb

[Remylebleu]

what you could do, is get a qoute from a company one of your parents are insured with.(assuming they drive) and see how much it is, then ask if you was added to your parents policy as a learner for the remainder of your learning period (on your parents cars not your mini) would this bring down your insurance on a mini when you do pass as you will have some LNCB which alot of people dont know about as these learner no claims bonuses are becoming more popular.

so if they qoute 2k for your mini but then say if you go on your parents policy for 6 months (to be able to drive there car as a learner) for around £30 a month and then in 6 months we will insure your for 1.2k or whatever you will save money, i did this and i got 500 knocked off my insurance when i explained i had a lncb

[MiniCooper500*]

Yeah This Is The Website I Found It On

[MiniCooper500*]

StudentRoom.Co.Uk