very difficult car insurance

[Funkstar]

It doesn't matter who was at fault for the accident, insurance companies still won't like it.

Third party insurance on a £20K car?!?!?!?! are you mental?

[GoNz0]

damn, the claim is going against you more on 3rd party as your classed as a liability thanks to your ex-friend, its more to do with the risk of you being at fault in other claims, as far as there concerned your liable on having a stupid friend do the same again so you get peanalised for it, even though the chance is 0 in your eyes, its not in theres.

i dare say with this against you 3rd party or fully comp are going to be silly daft.

couldnt you look into registering as a company car with company insurance with someone else as the insurer, putting you down as the main driver?

i know its still going to be high but the more people you add to a policy the more it tends to come down. you still have to say your the main driver to be legal though.

[djw49]

Funkstar It doesn't matter who was at fault for the accident, insurance companies still won't like it.

Third party insurance on a £20K car?!?!?!?! are you mental?

Yeah I know, I took the blame as well, wasn't prepared to report my friend.. plus it would have been my word against his.

yeah I guess I'm a bit mental lol. but I think in the long run it would still cost me more over the next ten years insurance wise if I wrote it off and it was my fault then claimed.

[Shad]

Third party insurance on a £20K car?!?!?!?! are you mental?

Quite. If you pull out of your road one morning on the way to work and some doddering old fool drives into the side of your and writes your car off - you've just thrown £20,000 down the toilet. Now even if I was as well off as you appear to be, I'd still feel that in my wallet and be pretty pissed off.

You would be better off phoning some insurance brokers and getting them to do the leg work. None of the online insurance companies will give you a quote (and rightly so).

[Akwaaba]

Something seems a little odd! An Audi A6 would be cheaper, then again a Mondeo would be even cheaper ...

I think lots of people would like an S-Class Mercedes if they could have one , and then there will be quite a few people who'd be more than happy with something smaller & easier to park!

I wonder if you're planning on doing a little chauffeuring around? (I don't think you'd be covered for with your insurance)

Don't forget that, in order to be able to resell the car (for a reasonable amount), you'll need to keep up with the services (at main dealer for the best resale value).

[mycarsavw]

Someone's already said it but you can't (usually) get 3rd party only on a car worth more than £X,XXX.

If you want to spend £20k on a car and £10k on insurance that's up to you, but why not start with £10k for a car AND insurance and bank the rest until you have at least 3 years NCB and a clean(er) driving history.

[ikonia]

only a moron would look at this

Part of buying a car is being able to afford the insurance.

You can't afford the insurance - so you can't have the car.

That simple.

[staffsMike]

Lol well when i was 19 owning an s class merc would be like wearing terminator glasses because i'd convinced myself i looked kool in them..annnnyway ..

..If you have 20k to spend on a car then why not try some kind of hot hatch or anything more fun to drive.. get an s class when your 50 and have hemoroids.

Best part of being a kid is...you get to be a kid!! lol

[TiG]

Dan,

If you've not driven for a year and you've only had one year's experience driving full stop and managed to have had one accident, then i'm with the rest a 20k merc isn't going to happen however you do it.

Plus one thing if you have such a nice car to start you'll always be expecting something as good. Its only a couple of years to drive something more sensible to get your no claims bonus sorted and at 21 it will be much easier to get insurance.

TiG

[SHare]

Why did you claim on the polo and not replace it?

Either way, I think your kidding yourself, you obviously cant afford the car so forget it.

[Russ]

im sorry, i know most people here are thinking it, but... LOL

[PEN]

I think others have covered all the salient points for you friend.

No insurance company will insure you 3rd party for a car worth in excess of several thousand pounds.

I'm afraid your history - whether your fault or not - will deem you an acceptable risk. And, frankly, your choice of car will do nothing to allay their fears.

The *only* way you *might* get insurance is to go to a specialist insurer and limit your mileage (as one can do for classic cars, however it's unlikely imho).

TBH, you'd be far better to read through What Car or something and find a car which falls into a lower insurance group than this beast in group 16/17 and live with it for a couple of years until you gain some sort of driving record.

Good luck tho!

PEN

[arbitor]

ROFL

Are you serious??

What on earth makes you want that barge?

Buy something sensible man, or as said buy a hot hatch lots of fun to be had there, im group 16 and insurance isnt cheap and i have a clean record and what not.

Buy a nice golf tdi and be done with it, or if your a hexus user get a skoda

[djw49]

as before, thanks for the replys. (both positive and negative lol)

GoNz0 damn, the claim is going against you more on 3rd party as your classed as a liability thanks to your ex-friend, its more to do with the risk of you being at fault in other claims, as far as there concerned your liable on having a stupid friend do the same again so you get peanalised for it, even though the chance is 0 in your eyes, its not in theres.

i dare say with this against you 3rd party or fully comp are going to be silly daft.

couldnt you look into registering as a company car with company insurance with someone else as the insurer, putting you down as the main driver?

i know its still going to be high but the more people you add to a policy the more it tends to come down. you still have to say your the main driver to be legal though.

thanks for the advice gonzo, I will look into getting company insurance. Problem is that I am the director of the company, and I only employ two people, part-time. Might still make it cheaper though.

Shad
Quote:
Originally Posted by Funkstar View Post
Third party insurance on a £20K car?!?!?!?! are you mental?
Quite. If you pull out of your road one morning on the way to work and some doddering old fool drives into the side of your and writes your car off - you've just thrown £20,000 down the toilet. Now even if I was as well off as you appear to be, I'd still feel that in my wallet and be pretty pissed off.

You would be better off phoning some insurance brokers and getting them to do the leg work. None of the online insurance companies will give you a quote (and rightly so).

thanks for the insurance brokers info, hadn't thought of that. + good point on the doddering old fool thing. But am I correct in thinking if it was an accident where I could prove it was dangerous driving or driving without due care and attention on their part, I could successfully sue them for damages?

Akwaaba Something seems a little odd! An Audi A6 would be cheaper, then again a Mondeo would be even cheaper ...

I think lots of people would like an S-Class Mercedes if they could have one , and then there will be quite a few people who'd be more than happy with something smaller & easier to park!

I wonder if you're planning on doing a little chauffeuring around? (I don't think you'd be covered for with your insurance)

Don't forget that, in order to be able to resell the car (for a reasonable amount), you'll need to keep up with the services (at main dealer for the best resale value).

I live in the countryside so parking is the least of my concerns thankfully. No I'm not planning on any chauffeuring by me or someone chauffeuring me. I am planning to keep up with services at a mercedes dealership.

ikonia only a moron would look at this

Part of buying a car is being able to afford the insurance.

You can't afford the insurance - so you can't have the car.

That simple.

thats a bit rude. Not only to the people to were nice enough to find the time to respond to my legitimate question but also to me, do you think I am doing this for fun?
The whole point of this thread was to find out whether or not I could afford the insurance due to my situation and for me to take advice from people who knew more about this stuff than me. If only a "moron" would look at this thread, I guess bothering to take the time to reply to it must make you a really stupid moron

staffsMike Lol well when i was 19 owning an s class merc would be like wearing terminator glasses because i'd convinced myself i looked kool in them..annnnyway ..

..If you have 20k to spend on a car then why not try some kind of hot hatch or anything more fun to drive.. get an s class when your 50 and have hemoroids.

Best part of being a kid is...you get to be a kid!! lol

fair point. (bout the terminator glasses) guess that is pretty much the case. (I wanted this car because it would be a dream to drive and it would give me a physical manifestation of the hard work I had put in on my business, s classes are normally bought buy business men/women that are near the top of the food chain and have worked decades to achieve their position. What would be cooler (in my opinion) than acquiring one after 2 years of hard work? Yes, I do think I have 'convinced myself' that I would look cool in one, for one because s classes are a predominate signifier of business success, and for another it is definitely not the car most 19 year olds would choose if they had the cash.
I sincerely hope I never get hemerorids.
I stopped feeling like a kid when I started to pay rent and had to pay 10000 of thousands of pounds in tax a year.

SHare Why did you claim on the polo and not replace it?

Either way, I think your kidding yourself, you obviously cant afford the car so forget it.

I was going to canada to try and be a professional snowboarder a month after I had the crash, (been doing it since I was 8) was planning on staying there for a few years until I tore my ACL in my knee, so I couldn't do any sport again for 9 months, decided to come back to the UK to concentrate on my business. I have more than twice the amount I need to buy the car in my bank account, but I guess you know what I can afford better than me lol

Russ im sorry, i know most people here are thinking it, but... LOL

Care to elaborate?

PEN I think others have covered all the salient points for you friend.

No insurance company will insure you 3rd party for a car worth in excess of several thousand pounds.

I'm afraid your history - whether your fault or not - will deem you an acceptable risk. And, frankly, your choice of car will do nothing to allay their fears.

The *only* way you *might* get insurance is to go to a specialist insurer and limit your mileage (as one can do for classic cars, however it's unlikely imho).

TBH, you'd be far better to read through What Car or something and find a car which falls into a lower insurance group than this beast in group 16/17 and live with it for a couple of years until you gain some sort of driving record.

Good luck tho!

PEN

Thanks for the advice. If I can't get a semi-ridiculous quote I will reconsider my choice of car.

arbitor ROFL

Are you serious??

What on earth makes you want that barge?

Buy something sensible man, or as said buy a hot hatch lots of fun to be had there, im group 16 and insurance isnt cheap and i have a clean record and what not.

Buy a nice golf tdi and be done with it, or if your a hexus user get a skoda

'What on earth makes you want that barge?' see earlier explanation in this post. I don't want a hot hatch cause for one I think they are for chavs, and for 2 I don't have any intention of driving in a way that would give me an opportunity to enjoy them. I'm sure anyone who has flipped a car and landed upside down, crushing the roof down so much you know that if you had been going 10mph faster you would have been decapitated, would not really care how much fun it was to throw it sideways round a corner.

[Russ]

theres got to be other cars you like? there are so many iconic beasts you can have for less than 15k, so many for less than 10k, and even some decent ones to be had at under 5k. why not just buy one for a year or two,build up your no claims and your money,then buy your s-class?

[capt_cornflake]

good point on the doddering old fool thing. But am I correct in thinking if it was an accident where I could prove it was dangerous driving or driving without due care and attention on their part, I could successfully sue them for damages?

But you should also consider the possibility that some uninsured idiot smacks into you.
If that happens and you're only third party, then you've got no comeback, and pretty much have to write off the value of the car.
You could try suing them, but someone who can't afford to insure their car, is unlikely to be able to pay out enough to replace yours