Insurance to BHP Converter

Handsome Brute · 04-03-2016 3:37pm #1

Hello all!

I am a 24 year old man with a few years no claims driving! I have had a full licence since I was 18.

Recently I have got a good job and am on a good salary, single and have good job security so I'm looking to splash out on my first new car. Its a 184 BHP diesel but still all insurance company's are quoting me on ridiculous money! I am just wondering how many years driving do you need for such an engine and when will I be able to buy whatever car I want within reason (up to 290 BHP ).

smash · 04-03-2016 3:39pm

Do you have no claims on your own policy or as a named driver? Most companies don't take named driving experience seriously.

I like your thread title though, I just worked out that I'm paying €2.69 per BHP.

mullingar · 04-03-2016 3:53pm

ilikesubway wrote: »

Hello all!

I am a 24 year old man with a few years no claims driving! I have had a full licence since I was 18.

Recently I have got a good job and am on a good salary, single and have good job security so I'm looking to splash out on my first new car. Its a 184 BHP diesel but still all insurance company's are quoting me on ridiculous money! I am just wondering how many years driving do you need for such an engine and when will I be able to buy whatever car I want within reason (up to 290 BHP ).

184hp? Sounds like a VAG. These seem to have a premium loading thanks to all the 'felt spec cars. Get a quote on something else before you buy.

Johnny K · 04-03-2016 4:02pm

smash wrote:

I like your thread title though, I just worked out that I'm paying â‚¬2.69 per BHP.

I'm paying â‚¬2.77/BHP I'm being ripped off!

Alanstrainor · 04-03-2016 4:02pm

There's more to it than just BHP. Generally the amount of claims will determine the risk against particular cars. VAG powerful TDIs are popular with young lads, and they crash often hence higher premiums.

smash · 04-03-2016 4:04pm

Johnny K wrote: »

I'm paying â‚¬2.77/BHP I'm being ripped off!

Well how many horses are we talking? I could still be paying more than you for insurance.

Asmooh · 04-03-2016 4:09pm

im paying 2,12 / hp or so

Professey Chin · 04-03-2016 4:11pm

3.96 per bhp......well thats depressing

Handsome Brute · 04-03-2016 4:12pm

I should have pointed out that the car in question is a: SKODA OCTAVIA VRS 2.0TDI 184BHP

Nuw · 04-03-2016 4:14pm

I'm paying 4€ /hp...

with 3years NCB older than 25 on a full licence that is 2 years old and a car that is 15 years old (that last bit might the reason whyit's so high though)

Donnelly117 · 04-03-2016 4:17pm

€5.55 so it could be worse lads...

kirving · 04-03-2016 4:19pm

€8.09/bhp - And that's in a 1.8 S40, hardly seen as a boy racer car

Johnny K · 04-03-2016 4:33pm

smash wrote:

Well how many horses are we talking? I could still be paying more than you for insurance.

155 horses.

fancy pigeon · 04-03-2016 4:36pm

mullingar wrote: »

184hp? Sounds like a VAG. These seem to have a premium loading thanks to all the 'felt spec cars. Get a quote on something else before you buy.

I was going to guess E46 330d...?

For me, 50cent per bhp. Premium is €150, its a 300bhp car

Gotta love classic policies

smash · 04-03-2016 4:44pm

Johnny K wrote: »

155 horses.

Your insurance is cheap enough then.

shietpilot · 04-03-2016 4:53pm

€13.04 / HP here

millington · 04-03-2016 4:56pm

No point using price/bhp as a ratio it's totally irrelevant. I insured a 220bhp car for €500 less than a 190bhp car, for example. Current 150bhp car is the same price as the last 204bhp car. Go figure

At 24 with a few years no claims and a full licence I would have thought around €750 on a VRS Octavia or so

CiniO · 04-03-2016 5:21pm

I'm paying €3.92 per BHP on my car.
My wife is paying €3.93 per BHP.

On another car we have in Poland, we pay €1.05 per BHP

Special Circumstances · 04-03-2016 5:55pm

€2.62 in da subaru.
Not bad!

mhackett102 · 04-03-2016 5:58pm

€21.43 per bhp on the Jetta.. The joys of being a young driver

After calculating that it has very upset me.

GustavoFring · 04-03-2016 6:08pm

ilikesubway wrote: »

Hello all!

I am a 24 year old man with a few years no claims driving! I have had a full licence since I was 18.

Recently I have got a good job and am on a good salary, single and have good job security so I'm looking to splash out on my first new car. Its a 184 BHP diesel but still all insurance company's are quoting me on ridiculous money! I am just wondering how many years driving do you need for such an engine and when will I be able to buy whatever car I want within reason (up to 290 BHP ).

How ridiculous are the quotes? I've 9 years on you but with the same car and I'm just a fraction under €800.

Ogogo · 04-03-2016 6:11pm

Much more than BHP at play. Just switched my insurance from a 190hp to a 230hp and I am getting a premium refund of about 40% - go figure (not complaining)

In addition to age, experience, no claims and the stuff you would expect, the not so obvious things like occupation, the area you live in etc can have a significant impact on your premium.

I would love to see all the criteria.......

colm_mcm · 04-03-2016 6:19pm

€3.75 per bhp on mine. The jag was €1.87
Diesel avensis was €5.33

mickdw · 04-03-2016 6:26pm

I'm paying €4.53/bhp.
Too much tbh.

Ionised · 04-03-2016 6:31pm

Very interesting way to price insurance. I'm 2.82 per bhp.

Quite glad that bhp in itself is not the way they come up with a premium figure.

When I did have a 184bhp car I think it was more down to the fact it had GTD written on the tailgate than the actual engine power (and maybe cause it was red... Everyone knows red cars are faster!)