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Premium Member
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500 Posts
Discussion Starter #1
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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I'LL NEVER WALK ALONE
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3,095 Posts
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 :lol:
 

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Premium Member
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500 Posts
Discussion Starter #3
That's £200 pound less than I paid to insure my Capri over 20 years ago :lol:
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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I'LL NEVER WALK ALONE
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Time to splash out and get yourself a Lambo :lol:
How insurance companies correlate there prices is beyond me!
 

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Supporter
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3,159 Posts
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:confused:
 

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Premium Member
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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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Registered
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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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Arfurs right hand man
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4,125 Posts
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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Premium Member
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500 Posts
Discussion Starter #11
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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Coffee isnt my cup of tea
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1,264 Posts
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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Arfurs right hand man
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4,125 Posts
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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Premium Member
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512 Posts
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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Premium Member
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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.
 

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Civinfo's Bulb Supplier
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13,427 Posts
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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Supporter
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3,159 Posts
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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