Insurance loading on older cars

ligertigon

As per title. I have a 95 corolla, and may insurance companies wont quote because its over 14 years old. It has to be nct'd every year, its not very powerful (71bhp) yet they are looking on average €200 extra on my quote.
I am 39 with no points, full ncd etc....... reason behind this???anyone

kirving

It's not as safe as a new car, that's why.

Proably doens't have many airbags, traction control, ABS or a great crumple zone, so you have more chance of being killed/injured in it than in a new car.

Hate to say it, but they're the facts.

CiniO

Kevin Irving wrote: »

It's not as safe as a new car, that's why.

Proably doens't have many airbags, traction control, ABS or a great crumple zone, so you have more chance of being killed/injured in it than in a new car.

Hate to say it, but they're the facts.

But what the fact of driver being killer or injured has to do with his insurance premium.
His insurance won't pay for his injury anyway.

kirving

Fully comp would. Lack of ABS or T/C is probably a factor I'd say. Also, it's easier to steal than a new car.

ligertigon

I know what your saying, but dont buy it. What about vintage and classic cars?

Chris_Heilong

Its all part of "The Mans" conspiricy to force us all to buy New cars no matter how ugly and underpowered most appear to be.

kirving

They're not really everyday cars since I'm fairly sure there's a yearly milage limit. Also, a joyrider isn't going to steal some ridiculously slow classic car.

Guy:Incognito

Chris_Heilong wrote: »

Its all part of "The Mans" conspiricy to force us all to buy New cars no matter how ugly and underpowered most appear to be.

The 95 Corrolla being the pinnacle of motor vehicle evolution?

ligertigon

Evolution stoped after the corolla. Planned obsolescence took over then....

CiniO

Kevin Irving wrote: »

Fully comp would.

Very Interesting.
I have addition to my comprehensive policy which is called "Personal Accident benefit". It cost extra 8 quid per year or sth and will cover of up to 12 grand if I loss my life, sight or limb.
I can't see that affecting normal premium anywho, considering it's not even included as standard in comprehensive policy.

paddysaab

I think it is based more on the theory that we will have no respect for older cars and drive them like their stolen.
Plus younger folk probably buy older cars when they are starting to drive and have more accidents.

stimpson

paddysaab wrote: »

Plus younger folk probably buy older cars when they are starting to drive and have more accidents.

This.

It's all down to risk profile. They have calculated what they are likely to have to pay out based on their stats and that dictates your premium and nothing else.

ligertigon

stimpson wrote: »

This.

It's all down to risk profile. They have calculated what they are likely to have to pay out based on their stats and that dictates your premium and nothing else.

So a brand new car must be cheap as they have no stats for it yet?

stimpson

ligertigon wrote: »

So a brand new car must be cheap as they have no stats for it yet?

I have a 2011 Toyota Verso 2.0 diesel. I'm 38, full ncd, no points. €450 to insure.

Safety features and Euro NCAP will give some idea as will the target market. If they are wrong they will adjust premiums in the future.

ligertigon

stimpson wrote: »

I have a 2011 Toyota Verso 2.0 diesel. I'm 38, full ncd, no points. €450 to insure.

Safety features and Euro NCAP will give some idea as will the target market. If they are wrong they will adjust premiums in the future.

Im 39 full ncd, no points, 95 corolla diesel (71bhp) prices ranging from 488 to 633.... madness

stimpson

ligertigon wrote: »

Im 39 full ncd, no points, 95 corolla diesel (71bhp) prices ranging from 488 to 633.... madness

Try the AA. I have a 91 CRX currently insured on a limited mileage classic policy. Previously I had my premium drop from 650 to around 300 when I went with AA when the car was about 17 years old.

ligertigon

stimpson wrote: »

Try the AA. I have a 91 CRX currently insured on a limited mileage classic policy. Previously I had my premium drop from 650 to around 300 when I went with AA when the car was about 17 years old.

Tried them, €563 and I am a member...lol

wonski

Just before my renewal i checked for different cars to see what the premium will be like. NoNonsense offered me 320E for my current car, 2000 regd Scenic 1.4 , and for Mazda6 2003 2.0 petrol, the car I was thinking about buying soon, the premium dropped to 280E. I am 30,and only have 3 years ncd.
So there is some loading, but i don't think it is extremely high. Think they take into account, that some people jsut don't take proper care of the car if it's value is close to scrap value. Not true in my case, maybe not in yours, but i have seen some bad old cars on the road, with bald tires etc.
I am very happy to pay 320, even if it is very limited cover (driving other cars included, no other extras), comparing to 600E last year with Tesco.

piston

IMO, the only thing that makes one car more likely to be involved in an accident compared to a different car is the nut which turns the steering.

A safe driver will be a safe driver whether in a Ferrari or a Citreon 2CV, a dangerous driver will be dangerous whether in a Ford Prefect or a Porsche, the only difference the extra performance makes would be the likelihood of more speed to cause greater damage.

I drive a 1995 Peugeot and also have issues trying to get quotes from some companies and have had ridiculous quotes from others because the car is "older and more likely to be involved in an accident" I always ask for proof of that if any one from an insurance company says that. Nobody has produced proof yet! It is unfair imo, I have been driving this car for quite a few years now and haven't put a mark on it, I have never claimed of any insurance policy in 16 years on the road, yet my premium is loaded because I prefer to drive a semi-classic rather than something bland and uninteresting like a Nissan Joke.

ligertigon

Spoke with fbd, there is a loading on all cars over 8 years old, the lady didn't know why.. Perhaps people are afraid of scraping newer compared with older cars hence drive a little more carefully.

I hate new cars, boring, complicated and many unreliable. I do 400 miles per week in my 95 car for the last 5 years looking at breakdowns on the motorway 2 a week, all noughties reg....lol

I have decided that the extra premium is offset by buying something newer I'd regret

wonski

piston wrote: »

IMO, the only thing that makes one car more likely to be involved in an accident compared to a different car is the nut which turns the steering.

I agree with you. In some countries you insure a car, not the driver, and that kind of loading makes sense. In Ireland they insure the driver only, then load him for car he's driving, and at the end don't allow other drivers to drive that car.
Unfortunately insurance companies can't separate good drivers from bad ones, so we all have to pay...

Matt Simis

ligertigon wrote: »

Im 39 full ncd, no points, 95 corolla diesel (71bhp) prices ranging from 488 to 633.... madness

If you want to drive old cars, make them good ones. I just insured a 1995 525i (191bhp) for EUR93 with 10k miles allowance, 1995 540i (288bhp) for under EUR200, 1993 850CSi 5.6litre V12 (over 390bhp) for under EUR400. All on classic, fully comp policy with great perks.

My daily driver, a 98 Audi S8 (4.2 V8, 340bhp) is slightly loaded as its an all Aluminium body (more expensive repairs apparently) at around EUR800.

I use First Ireland as my broker.

padma

I dropped from a 99 to a 97, went to shop around when the renewal was up, couldn't get anyone to insure me apart from 123 who I was with, they gave me fully comp for 357 euro. Last year in the 99 it was 420. 3 years no claims discount as was driving company vans for years before insuring my own. 32 yr old.

ligertigon

Matt Simis wrote: »

If you want to drive old cars, make them good ones. I just insured a 1995 525i for EUR93 with 10k miles allowance, 1995 540i for under EUR200, 850CSi 5.6litre V12 for under EUR400. All on classic, fully comp policies with great perks.

My daily driver, an Audi S8 (4.2 V8) is slightly loaded as its an all Aluminium body (more expensive repairs apparently) at around EUR800.

Good ones? when the holocaust comes, my corolla diesel will still be running on veg oil

stimpson

piston wrote: »

IMO, the only thing that makes one car more likely to be involved in an accident compared to a different car is the nut which turns the steering.

I agree with you up to a point, but that's only party of the picture. If you do have an accident you could have a higher claim. For example, if you hit a pedestrian you will do less damage with a newer car as they are designed to be kinder to meatbags. Also, safety systems like airbags mean driver and passengers aren't going to be as expensive in the event of a claim.

Added to that, it may be uneconomical to fix your car in a smaller accident due to availability of new parts. That means they may have to write it off for a relatively small tip.

The biggest factor in your premium is probably your ncd, so your safe driving style is factored in to your premium already.

cplwhisper

all cars ar grouped for insurance '92 to '99 corolla's run from group 8 to 23 0 if ya need ut group # - private mail me - its can range by nearly €200 in annual premium