Performance car Insurance under 25

Chonker

I have a friend (Under 25) who will be picking up his new 1995 m3 cabriolet 3.ltr soon.

I have told him he's is crazy at his age (almost 24) to try and insure it but he has made up his mind.

Any under 25's out there who have been in the same position?

Can anybody suggest the best Co. to insure with.

Many thanks

Chkr

It can be done. Try Quinn Direct or Briton Insurance.
The main problem will probably be the age of the car.

Then theres the old trick of getting insured on another car first then transfering insurance to the M3. They can't refuse you apparently once you own the car.

smcgiff

ww.123.ie have a performance section now.

Also, St Paul specialise in performance cars.

Not that this will surprise much, but it wont be cheap! :eek:

Chonker

ronoc wrote:

Then theres the old trick of getting insured on another car first then transfering insurance to the M3. They can't refuse you apparently once you own the car.

Thanks Ronoc, that "old trick" is new to me.

vengeance52

ronoc wrote:

It can be done. Try Quinn Direct or Briton Insurance.
The main problem will probably be the age of the car.

Then theres the old trick of getting insured on another car first then transfering insurance to the M3. They can't refuse you apparently once you own the car.

i work in quinn and they can and do refuse a change of car if its high powered. Happens everyday. It does work sometimes but its not always

vengeance52

vengeance52 wrote:

i work in quinn and they can and do refuse a change of car if its high powered. Happens everyday. It does work sometimes but its not always

Persistence is the key. I know a few people who have done this with quinn and other insurance companies.
For many people its the only way of getting insured on a higher power motor.

smcgiff

ronoc wrote:

Persistence is the key. I know a few people who have done this with quinn and other insurance companies.
For many people its the only way of getting insured on a higher power motor.

They may be obliged to quote, but they could quote high enough to put you off.

Eoin

There seem to be a good few guys under 25 who can afford to get insured on these cars, and with their own policy too. 123 don't seem to quote under 25s and also have a surcharge on > 3 litre engines. XS Direct will allow 23 year olds and older.

I have to say that times have changed a lot in the last 6/7 years - at 24 I was thrilled to be paying less than 2K insurance on a 1.4 engine! Are there still young blokes paying 3k+ on small cars?

ronoc wrote:

Then theres the old trick of getting insured on another car first then transfering insurance to the M3. They can't refuse you apparently once you own the car.

Not sure about that - I have a group scheme through work, so that may explain it - but when I get a quote last year for a 330d, I was told I would be covered until the renewal date, but I wouldn't be able to get the policy renewed after that.

Chonker - has your mate not even gotten quotes yet?

eoin_s

eoin_s wrote:

Not sure about that - I have a group scheme through work, so that may explain it - but when I get a quote last year for a 330d, I was told I would be covered until the renewal date, but I wouldn't be able to get the policy renewed after that.

Chonker - has your mate not even gotten quotes yet?

Again, if you already have a policy with them they have to quote you. Despite any grumbling from them trying to discourage you, or making you jump through hoops or blatently fibbing to you they have to quote you.
Even at renewal time.

maidhc

ronoc wrote:

they have to quote you.

but they are under no obligation to quote a sensible price.

vengeance52

ronoc wrote:

Again, if you already have a policy with them they have to quote you. Despite any grumbling from them trying to discourage you, or making you jump through hoops or blatently fibbing to you they have to quote you.
Even at renewal time.

they can quote a renewal time on the car you currently have, but they can refuse to quote on a change to a high power car if they feel that the risk is too great.

maidhc

maidhc wrote:

but they are under no obligation to quote a sensible price.

Yes but the insurance company have to justify the price.

So It can't be an off the wall "piss off" price.

vengeance52

with quinn the people on the phone cant change the price, they enter the details into the system and it generates the amount.

When the details show for example. a 18yr prov driver trying to insure on a skyline, it will not show a price and just say unable to quote.

Chonker

eoin_s wrote:

There seem to be a good few guys under 25 who can afford to get insured on these cars, and with their own policy too. 123 don't seem to quote under 25s and also have a surcharge on > 3 litre engines. XS Direct

Chonker - has your mate not even gotten quotes yet?

he has decided to go the XS direct route.

€2,500 with a €4k excess. Crazy money but a great car.

bazz26

Chonker wrote:

he has decided to go the XS direct route.

€2,500 with a €4k excess. Crazy money but a great car.

I hope he doesn't have a serious smash with a €4k excess.

How much is a 95 M3 cabrio worth anyway?

Eoin

bazz26 wrote:

I hope he doesn't have a serious smash with a €4k excess.

How much is a 95 M3 cabrio worth anyway?

95 one here for just under 14K. The excess is a killer alright, but I'd have taken that policy in a heartbeat to drive a car like that a few years ago.

bazz26

With a €4k excess I wouldn't have any comfort driving that machine.

Maybe I'm getting old or something.:(

Rudolph Claus

Its still a crap policy though, you wouldnt mind the excess if the premium was price was cheap which it isnt, that site wants E2300 off me to insure a civic vti when i can insure it for E1600 with Fbd. Why would i pay more on the the premium price to have a 4grand excess? Its a useless policy unless you have literally no NCB to bring to another insurance company like a 1st time driver wanting a 2Litre car or something.

Seth Brundle

ronoc wrote:

Yes but the insurance company have to justify the price.

So It can't be an off the wall "piss off" price.

since when?
Insurance companys are not answerable to anyone and can charge what they like!

legs11

i know i will get slated here but i dont think its resonable for young lads to go lashing around in high performance cars. just cause we are now a wealthy nation and some well off family's can afford to get their son or whatever insured (which is what happens alot of the time i would imagine), doesnt mean the person involved has the ability to drive a car like that.

for instance, the two people killed in limerick last weekend, the guy was driving a audi coupe, a 2 litre i think but correct me if im wrong. now, it wasnt stated in the papers but this 18yr old guy was obviously flying off the road, to say he never observed the blue flashing lights ahead of him, there were several squad cars and fire rigs at the scene so this guy was totally out of his head and lashed into two people killing them stone dead.
i mean in total fairness it is pretty impossible not to notice blue squad/ambulance etc lights ahead in the horizon.

lets put it this way, theres a huge difference between a 1.2 litre car and a 2.0+ litre car, people who are young and inexperienced can they handle this difference?

whats the opinion on this? i think guys between 19-23 should not be driving cars in excess of 1.6 litres, i mean what would they want anything bigger for.....?
as for a m3?????

cars and their occupants are lethal objects when crashed.........into stationary objects!

Mitch Connor

legs11 wrote:

i know i will get slated here but i dont think its resonable for young lads to go lashing around in high performance cars. just cause we are now a wealthy nation and some well off family's can afford to get their son or whatever insured (which is what happens alot of the time i would imagine), doesnt mean the person involved has the ability to drive a car like that.

for instance, the two people killed in limerick last weekend, the guy was driving a audi coupe, a 2 litre i think but correct me if im wrong. now, it wasnt stated in the papers but this 18yr old guy was obviously flying off the road, to say he never observed the blue flashing lights ahead of him, there were several squad cars and fire rigs at the scene so this guy was totally out of his head and lashed into two people killing them stone dead.
i mean in total fairness it is pretty impossible not to notice blue squad/ambulance etc lights ahead in the horizon.

lets put it this way, theres a huge difference between a 1.2 litre car and a 2.0+ litre car, people who are young and inexperienced can they handle this difference?

whats the opinion on this? i think guys between 19-23 should not be driving cars in excess of 1.6 litres, i mean what would they want anything bigger for.....?
as for a m3?????

cars and their occupants are lethal objects when crashed.........into stationary objects!

if the guy was drunk - and i have seen no proof of that, then he would have been drunk in a 1.2/1.3/1.4/whatever engined car, and its not like they are particularly light in comparison to the audi. A poor driver is a poor driver, regardless of the car.

maidhc

kbannon wrote:

since when?
Insurance companys are not answerable to anyone and can charge what they like!

Indeed.

legs11 wrote:

whats the opinion on this? i think guys between 19-23 should not be driving cars in excess of 1.6 litres, i mean what would they want anything bigger for.....?
as for a m3?????

I started driving in a 1.8, albeit one with 90bhp that could be overtaken by a 1.2. I wouldn't agree with limiting the size of engine based on age or CCs, but I can see merit in restricting a newly qualified driver (be they 18 or 80) to a car under, say 75bhp.

If you have more power you tend to use it, especially on back roads. Unless you are sensible enough to see the dangers of doing so, that is hardly a good thing. A lot of newly qualified drivers just cannot see danger.

smash

As far as I know Quinn wont insure you on any car over 120bhp if you're under 25

Biro

steve06 wrote:

As far as I know Quinn wont insure you on any car over 120bhp if you're under 25

They will. My mate is insured with them on a vti civic, 160bhp, and he's 24. And yes, it's insured correctly! Not this "ah sure it's 1.6 on the log book" crap.

But ya, I agree with restricting the bhp on insurers that have their license for 3 years or less, or some other similar policy. I agree with Tauren, a poor driver is a poor driver regardless of car, but also as maidhc said if you have the power you tend to use it.

Cyrus

Nuttzy wrote:

Its still a crap policy though, you wouldnt mind the excess if the premium was price was cheap which it isnt, that site wants E2300 off me to insure a civic vti when i can insure it for E1600 with Fbd. Why would i pay more on the the premium price to have a 4grand excess? Its a useless policy unless you have literally no NCB to bring to another insurance company like a 1st time driver wanting a 2Litre car or something.

its to do with age, if you are 25 or over the premium is 990 (with 123.ie) with the excess of 4k and if over 30 its 990 with a 2.5k excess.

A civic vti is hardly a bmw m3 cab, try FBD for a quote on one see how you get one

layke

In a Yaris I can do 80mph and more. It has ****e brakes and a thinner wheelbase and it won't have as much protection that the larger engine cars will.

IMO, i'm safer driving my 1.6 upwards.

Personally I can't beleive how some people are able to fly round dark, poorly surfaced bendy country roads with no lighting? It scares the bejasus out of me that I don't know what's up ahead.

It's not the car that kills it's the idiot behind the wheel.

smcgiff

maidhc wrote:

but I can see merit in restricting a newly qualified driver (be they 18 or 80) to a car under, say 75bhp.

Especially as the Mazda RX-8 is only a 1.3 litre 0-60 in 6.2 seconds !

Just checked for the laugh and I could get insured on the RX-8 for €372 fully comp, full NCB protection or €240 Third party!

jhegarty

steve06 wrote:

As far as I know Quinn wont insure you on any car over 120bhp if you're under 25

Close... no over 110bph for learners.

Biro

smcgiff wrote:

Especially as the Mazda RX-8 is only a 1.3 litre 0-60 in 6.2 seconds !

Just checked for the laugh and I could get insured on the RX-8 for €372 fully comp, full NCB protection or €240 Third party!

Where did you get that quote? I got a quote of €1400 fully comp on one.

smcgiff

Biro wrote:

Where did you get that quote? I got a quote of €1400 fully comp on one.

Hibernian.ie - The good thing about Hibernian is that their major quote criteria is CC size. And it doesn’t matter if the car is a turbo or has an extremely well tuned engine like the RX-8.

I do hope this is something they don’t rectify as it’s saved me a fortune down through the years! So, keep this to yourself!

Cyrus

smcgiff wrote:

Especially as the Mazda RX-8 is only a 1.3 litre 0-60 in 6.2 seconds !

Just checked for the laugh and I could get insured on the RX-8 for €372 fully comp, full NCB protection or €240 Third party!

i dont think thats correct. you get an initial quote but once you put in your name etc and choose the car model it tells you they cant quote this car over the internet as its a sports car

smcgiff

Cyrus wrote:

i dont think thats correct. you get an initial quote but once you put in your name etc and choose the car model it tells you they cant quote this car over the internet as its a sports car

I've not followed through on the quote for the RX-8.

However, I've saved fortunes in the past insuring a 1.8 turbo A6 and my current 2.0 Turbo Saab at non turbo prices.

Going on that basis I would expect the above quotes for the RX-8 to hold up.

Edit: Just followed through and it baulked at the RX-8. But, still there is an opportunity e.g. it does allow a sub 8 second 93 2.0T Saab as a normal 2.0.

slickmcvic

Dunno why but going through a brokers seems to work out cheaper
I got insured with Hbernian on a 1.8 astra coupe through top quote brokers in letterkenny for €750 as a 25 yr old...also heard that Mike Murphy Brokers / insure.ie are decent for high powered cars.
You can also lower your premium by putting a lower risk person (e,.g Gf,mother etc!!) as a named driver on your car.

I'd post up numbers for top quote but i'd probly get done for advertising on this over-regulated/over-censored forum.

Eoin

slickmcvic wrote:

I'd post up numbers for top quote but i'd probly get done for advertising on this over-regulated/over-censored forum.

There's a difference between advertising and recommending.