Someone I know has just bought an mk2 MR2 in black:thumbup: I think it's the 2.0Gti (or something very similar) and he bought it for £3k with 130,000 miles on the clock:eek:

He has 0 years no claims and is 23yrs old. He was quoted around £1800 by many companies on the internet which I thought was alot of money, but it was about right for the Group 16 MR2.

He then decided to put a Female named driver on the insurance to bring the costs down.

He has now bought insurance for £660 :eek:

1. Surely something is wrong? how is it that cheap?

2. When it comes to a claim and they find that the car is not insured properly will they cancel his insurance

3. Explanation?

The car is not garaged, parked up on outskirts of a city and he has 0 yrs no claims and the car is group 16!

I cannot get my head around it as I insure my VRS (group 9) for the same price with 3yrs no claims, parked on a drive way and in a rural area.

Most places assume that a named driver will be using the car approx. 50% of the time - hence they will assess the risk (and produce a premium) based on this.

It is insured properly, not sure why you'd think otherwise?!

Rob.

Remember also that the car is only worth 3k (compared to 12k for your vRS) so in the event of an accident, it will likely just be written off rather than repaired. This will have a bearing on the cost too.

As Rob says, it is correctly insured as the policy is in his name. All he has done is added someone else who can drive the car (a bit like SWMBO being on the policy for my car)

Chris

Because its soo cheap! for a grp 16 car when you have 0 yrs no claim.

Good point, though.

I payed the same price for a 1.1 fiesta as named driver when I started driving :eek: it was worth £300

thats why. no great shakes just wanted another point of view as I can't see other people's points of view very well.

Just wanted to make sure he was gonna be covered.

Because its soo cheap! for a grp 16 car when you have 0 yrs no claim.

If those were the only two factors, I'd agree...but they're not!

Plus they might have put a high compulsory excess on it too...can affect the premium drastically...

Rob.

Is it insured TPFT or fully comp?

Chris

Is it insured TPFT or fully comp?

Chris

Fully Comp.

good point about excess though.

I'm just jealous!

I am amazed about the woman bringing it down that much though, as lets be honest just like men were "better drivers" in the 70's, there are some damn awful women drivers (girl racers) and I personally believe that women are no better than men these days.

Am amazed that the women only insurance companies can get away with it when you can't have men only insurance or even golf clubs

there are some damn awful women drivers (girl racers) and I personally believe that women are no better than men these days.

'tis all about statistics though - statistically women have more accidents, but are cheaper to fix as they tend to be scrapes and nudges. Men tend to have fewer accidents, but they cost more to fix.

Insurance is all about prejudice and discrimination anyway...

Rob.

Maybe he built up some third party no claims under someone elses poilcy first. Most companies seem to allow for this and it reduces premiums for first time insurers if they have been named on their parents policy previously.

I agree that his voluntary excess may be sky high as well.

He he i remember getting fully comp with a big accidental damage excess (More than car was worth) was cheper than Third Party Only

I would echo some of the points above re: excess etc but also query:

a) Is it actually insured in his name as primary driver? If not, it would explain such a dramatic drop in premium ... and could also potentially invalidate his insurance if proven that the female driver named as primary driver was not actually the primary driver. Lots of people do this and think its ok but an insurer is perfectly within its rights in invalidating the insurance if they can prove that the risk was misrepresented; and

what do you mean by "the car is not insured properly"?

c) does he live in a different postcode to you? Some postcodes are horribly expensive even if where you live is the "nice bit".

Don't worry its usually a mystery to everyone as all insurers have differing rating models, target customers, terms and conditions etc so comparing like with like is almost impossible . Its one of the reasons that I rarely ask for others opinions of prices of insurance as it varies so radically depending on your personal position. Insurance of mods is one exception where it is useful to know where others are getting their cover as the mods tend to have a dramatic impact on prices and availability and to some extent override other rating factors.

Still a minefield

I'm just jealous!

Get him to change the car on his policy to your one and see how his premium changes. You might find statistically the Fabia is a higher risk than the MR2?

Chris

I'm suprised the MR2 is rated a group16...I have a Celica which has the same engine...2l 16v...and it's only group 14...IIRC.

Having a named femal driver does bring the premium down....something to do with them being safer drivers.

I'm suprised the MR2 is rated a group16...I have a Celica which has the same engine...2l 16v...and it's only group 14...IIRC.

Having a named femal driver does bring the premium down....something to do with them being safer drivers.

MR2 is slightly lighter and more importantly mid engine RWD = more chance of ending up in a ditch than the Celica. IMHO.

Why is a 240hp S2000 in group 20?

its cheeper to add a female to the Insurance because they expect the female to be a SWMBO

and how many people here are scared of crashing there car because of the SWMBO

Insurance is confusing for instance swmbo and I both full ncb etc same insurance company when quoted for same car, cheaper significantly for her to be policy holder, me named ok fair enough woman primary driver, but explain this - for an experiment asked for a quote for her only, came back dearer than with me as a named driver:confused:

MR2 is slightly lighter and more importantly mid engine RWD = more chance of ending up in a ditch than the Celica. IMHO.

MR2 is 1305kg

Celica is 1170Kg

Apparently this put off buyers because of it's weight as it was meant to be a sports car.

I would echo some of the points above re: excess etc but also query:

what do you mean by "the car is not insured properly"?

erm....if he has entered information that is not true, then his car will not be deemed to be covered and therefore chance they will not pay out if a claim is actioned.

the thing is his female friend is the named driver and will never drive the car. Bit dodgy. this is what i meant.

the thing is his female friend is the named driver and will never drive the car. Bit dodgy. this is what i meant.

That's irrelevant. He is the policy holder and has chosen to add someone to it who may drive the car. I have done the same with SWMBO on mine on the off chance that I'm not able to drive

Chris

MR2 is 1305kg

Celica is 1170Kg

Apparently this put off buyers because of it's weight as it was meant to be a sports car.

Well there you go then, I'd have thought the Mk2 MR2 was heavier than every Celica produced with the exception of the latest shape Celica (which I know for sure is about 1100kg)

I really thought the old 4 headlight Celica (and the pop up light models before that) would be more than the Mk2 MR2.

What on earth did they do to it to make it 1300kg? :confused: