Ok, so im trying to renew the insurance on my 98 bmw 540 valued at £1500 and the best quote i can get on all the comparison sites is £670 !! im 35 years old ffs and only paid £380 last year
So just out of interest i thought i would see how much it would cost to insure my old f plate saphire cosworth valued at £5000..... £242.62 what the fuck is going on

 

you drive a bmw, so the insurance companies obviously see you as a scum bag drug dealer type who can afford the higher premium and have charged accordingly

alternatively you can always go back to your current insurer and say "have a word with your jokers" and see if they will drop the price

i had my renewal through and they said the price would be £600+

so i rang around and got a price closer to £400 so i called back, the broker then said "hang on, i'll see what i can do" and then came back with "this insurance company can do it for £400 and a bit, would you like to insure through them?"

"seeing as they are the same insurance company i am currently with, yes, i think i will"

 

seen this come up a couple of times in here

Insurance companies will have a load of reasons why as they they have made losses on other assets they insure and invested in, the pound falling against the euro will mean bmw parts will cost them more if your hit and the bmw being the main use car - they are only interested in squeezing the market for more and more

keep shopping around, as the prices rise some will be looking for new business and will undercut

 

lol
Tried that allready after the renewal came through at £1563
my biggest problem is i need to renew it on thursday , i would understand it if i had had a claim or points but i havent and have only done 3000 miles in it this year as its a second car

 

Insurance is based on a number of factors.
Your 1998 BMW will probably be seen as more 'attractive' to the light-fingered car theiving scum......

Something I found out recently that shocked me is that insurance companies dont actually make any money out of 'insurance'.......
The insurance companies are basically using the income from premiums to play the stock market and have made huge losses during the recession.

The reason premiums for car insurance have rocketed so much above inflation is nothing to do with your actions and more to do with insurance companies wanting to claw back their losses quickly.

It not just car insurance either, its house insurance too thats rising too

they are theiving bar-stewards the lot of them

 

nice to see the beemer is still going Brad,

looks nice in the sig. any recent pics of it mate?

 

http://www.skyinsurance.co.uk/car-club-insurance.html