Chat & Social > The Bar - General Chat

one in 5 young people uninsured

<< < (3/12) > >>

wvanman:
The Good old days      yeh        lol

J.D.:

--- Quote from: TDi90 on August 26, 2009, 07:44:14 ---you know why...


because its so ******* expensive. i dont blame them. im about to turn 21 and im paying £1300 to insure my land rover defender.
when i was 17 i was paying £2400 to insure my land rover defender. it ridiculous, of course they are not going to pay insurance if its this expensive.

R

--- End quote ---

Rob, who the hell are you insured with? ASBO (totally modified and an insurance companies nightmare) was only £800 TPF+T for me (21, 3 points and a crash behind me at the time). I have trade insurance now, which is a lot easier with the amount of vehicles I drive., which costs me £700 a year and i can drive pretty much anything as long as I have the right tickets.

If you have insured it fully comp, don't bother, as you will only have to break a headlight and the insurance will write it off, and you would repair it yourself anyway.

Even my missus, (*22, only passed her test 8 months ago) is insured on Poppy for £1,000 a year fully comp, with no no claims.

Llanigraham:
Having been hit by an uninsured driver in the past, I have no sympathy what-so-ever. As has been said driving is an earned priviledge and not a right, but so many young people seem to think they have a God given right to do it.

Yes, prices are high, but they have always been for inexperienced drivers. Just now it shows even more. Insurance actuaries look at the risks and there is enough proof that a huge number of claims are made by the young and inexperienced. Therefore they pay more.

The fact that the fine is often less than the cost of the insurance is now being recognised. The Police are impounding and destroying cars more often, Courts are impossing further punishment and making people take an extended test, plus insurance premiums later are increased.

Drift:
My first car aged 18 in 1983 cost £500 and cost £75 to insure and that was in Liverpool.

The companies are their own worse enemies regarding young and in some cases older premiums and as said there is no real incentive to comply

I don't condone the uninsured far from it.

dxmedia:

--- Quote from: Drift on August 26, 2009, 12:29:18 ---My first car aged 18 in 1983 cost £500 and cost £75 to insure and that was in Liverpool.

The companies are their own worse enemies regarding young and in some cases older premiums and as said there is no real incentive to comply

I don't condone the uninsured far from it.

--- End quote ---


Working out the comulative interest on that it would mean that running at 5% inflation (which is a low figure due to the thatcher fulled run in the 80's and the major cockup in the 90's) that £75 in real money is about £280 now.

I presume that a £500 motor was a cheap car to 'get you going?'

Doesn't sound like the insurance companies are taking the [throw it] that much really.

If inflation averages out at 7% over that period then it would be about £460 in real money. Can't be jiggered working out the mean average base rate of inflation for the past 25 years though.

Navigation

[0] Message Index

[#] Next page

[*] Previous page