I can get insured on a Lambo at 21 - Civinfo
 
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post #1 of 18 (permalink) Old 19th November 2013, 01:13 Thread Starter
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I can get insured on a Lambo at 21

When i turn 21 i can get insured on a Lamborghini Aventador for 1098.81

lol what the heck?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All i need now is like.... 400k
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post #2 of 18 (permalink) Old 19th November 2013, 01:20
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Originally Posted by amaar_malik View Post
When i turn 21 i can get insured on a Lamborghini Aventador for 1098.81

lol what the heck?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All i need now is like.... 400k
That's 200 pound less than I paid to insure my Capri over 20 years ago
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post #3 of 18 (permalink) Old 19th November 2013, 01:29 Thread Starter
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That's 200 pound less than I paid to insure my Capri over 20 years ago
hahah

At least my Type r insurance is going down from 1700 to just under 700 - (if i decide to keep it instead of getting the Lambo )

AND by the way everything i entered was correct for the lambo qoute.. i even got a qoute for a Ferrari 458 for a grand lol
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post #4 of 18 (permalink) Old 19th November 2013, 01:34
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Time to splash out and get yourself a Lambo
How insurance companies correlate there prices is beyond me!
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post #5 of 18 (permalink) Old 19th November 2013, 06:03
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What's the excess though, find it hard to believe a 400k car has the same policy details as a standard car and can cost less to insure, some guys on here have been quoted thousands for a type r worth 15k
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post #6 of 18 (permalink) Old 19th November 2013, 07:22
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Probably works on the fact which 21 year old can afford a 400K motor.
Also the people that have them probably will not drive them in case of accident or getting them dirty.
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post #7 of 18 (permalink) Old 19th November 2013, 07:31
 
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You've also got to remember that the biggest part of the premium is your third party liability. Have you ever noticed that premiums don't really do down as the car loses value.

Insurance premium is = likelihood of crashing (age, gender, experience) X impact if you do crash (how much it will cost to fix)

In the event of a claim a lot of the costs now are: Insurance admin, claims management company cost, legal fees and personal injury compensation.

Actual repairs are usually a fraction of the total accident cost, hence why the car being driven isn't such an issue, unless it increases the likelihood of you crashing.
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post #8 of 18 (permalink) Old 19th November 2013, 09:00
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Quote:
Originally Posted by amaar_malik View Post
When i turn 21 i can get insured on a Lamborghini Aventador for 1098.81

lol what the heck?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All i need now is like.... 400k
Is that per week what company was the quote from
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post #9 of 18 (permalink) Old 19th November 2013, 09:05
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Quote:
Originally Posted by amaar_malik View Post
When i turn 21 i can get insured on a Lamborghini Aventador for 1098.81

lol what the heck?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All i need now is like.... 400k

Well if you do mate give me a shot
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post #10 of 18 (permalink) Old 19th November 2013, 09:46
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Quote:
Originally Posted by amaar_malik View Post
When i turn 21 i can get insured on a Lamborghini Aventador for 1098.81

lol what the heck?!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All i need now is like.... 400k
Now check it again...............That's monthly
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post #11 of 18 (permalink) Old 19th November 2013, 11:04 Thread Starter
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Hahaha no guys its annually, its on admiral multi car and the excess was set to 350 fully comp lol

Ive always had decent insurance from them considering my age, i must be lucky
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post #12 of 18 (permalink) Old 19th November 2013, 11:07 Thread Starter
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Even then im turning 21 insurance on my type r is going to under 700
Pretty good for 21 i think lol
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post #13 of 18 (permalink) Old 19th November 2013, 12:02
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My other half used to work for adrian flux and she said some of the schemes went on national stats so as there are very few lambos there would be very few crashes so therefore statistically there is a lot less chance of you crashing a lambo than crashing a ctr
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post #14 of 18 (permalink) Old 19th November 2013, 13:14
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My other half used to work for adrian flux and she said some of the schemes went on national stats so as there are very few lambos there would be very few crashes so therefore statistically there is a lot less chance of you crashing a lambo than crashing a ctr
Thats bang on. Not many Lambo owners will be parking them outside the house in street, nor in supermarket carparks etc and you dont tend to use them as day to day runners. Those that can afford one usually have owned/driven similar before and so statistically, insuring one Lambo is probably less of a risk than several CTR's around the country
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post #15 of 18 (permalink) Old 19th November 2013, 16:58
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I think I read some Insurance company paid 800,000 pound to repair Rowan Atkinson's Maclaren which I believe was worth 1.5 million when he crashed it.
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post #16 of 18 (permalink) Old 20th November 2013, 07:31
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Originally Posted by NH Dan View Post
Thats bang on. Not many Lambo owners will be parking them outside the house in street, nor in supermarket carparks etc and you dont tend to use them as day to day runners. Those that can afford one usually have owned/driven similar before and so statistically, insuring one Lambo is probably less of a risk than several CTR's around the country
Yup it's based on statistics and that can seem illogical.

If i garage my car or my motorbike then my insurance goes up. Makes no sense, until you consider that fact that my area is mainly flats. Therefore it only takes one claim out of the few that garage their cars and the price goes up.

In your case the 21 year olds who drive lambos (as there will be some) don't claim much, cause them no bother and thus aren't a risk.

My wife is 31, has been driving for 5 years and she puts the cost of my CTR up. Makes sense, she's younger than me and she's had less experience. Thing is she also reduces the cost of my VX220 policy. Why? I'm guessing it's cos there aren't many claims from 31 year old lassies on what is traditionally a blokes car.....therefore lower risk.

You notice this kinda stuff much more on the VX as a few big claims out of a small "population" of cars can suddenly rocket up the insurance, with some insurers (greenlight for one) basically saying they wont touch the car at all now.

EDIT : I've just remembered that the VX also costs 200 to insure....compared to 450 for the ctr. mental.

Last edited by Lazydonkey; 20th November 2013 at 08:21.
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post #17 of 18 (permalink) Old 20th November 2013, 09:15
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What they actually do is pick the largest number they can think of that they believe you may be prepared to pay, then you pay it.

Insurance makes my blood boil, I think it can only be a matter of time before the regulatory bodies crack down and enforce new regulation. At the moment it's the energy companies in the limelight, in the past it's been banks.

Here's hoping insurance companies, solicitors and dentists are next to have the wind up em'.
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post #18 of 18 (permalink) Old 20th November 2013, 16:23
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Originally Posted by Mr JP View Post
What they actually do is pick the largest number they can think of that they believe you may be prepared to pay, then you pay it.

Insurance makes my blood boil, I think it can only be a matter of time before the regulatory bodies crack down and enforce new regulation. At the moment it's the energy companies in the limelight, in the past it's been banks.

Here's hoping insurance companies, solicitors and dentists are next to have the wind up em'.
lol, remember your earlier post over this
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