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How does car insurance work?

Discussion in 'Leon Mk1 (2000-2006)' started by marv_n69, Aug 25, 2010.

  1. marv_n69

    marv_n69 Standard'ish Cupra R 225

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    Im confused.com!!!

    I am selling my LCR as i need a car that is better on MPG due to mileage i do for work. I have seen a Vauxhall Vectra 1.9CDTi(150BHP) for 6k with 48k on the clock which i think is cheap as the car is only 3/4year old however when i spoke to my insurance to tell them i am changing the car the monthly premium when up.........HOW DOES THAT WORK?

    LCR 225BHP - £72pm
    Vectra 150BHP - £92pm

    If anything i expected the price to go down due to the fact the car is less powerfull etc etc.

    Can some un-confuse me please lol
     
  2. Seat Gooner

    Seat Gooner A.K.A Mark

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    find a new company mate ;)
     
  3. sambryant

    sambryant RoadRunner meep meep

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    It's a sign from god telling you to keep your lcr :D
     
  4. marv_n69

    marv_n69 Standard'ish Cupra R 225

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    Id love to keep my LCR but 100 miles a day for work is costing me alot in petrol ;-(

    To late to change insurance companys and im only into my 2nd month with them ;-( FECK!!
     
  5. alexj124

    alexj124 Full Member

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    You can find that different companies will specialise in different categories of cars and even change on a year to year basis (basically why your insurance can go up 80 quid on renewel)

    So unfortunately you are stuck with your insurer if you are only in second month. Some will let you out early for a small fee. Some can charge more than just staying with them.

    I would see how much it would cost to cancel against the extra 200 quid they will charge you over the year. Then search confused.com for your lowest insurance quote they tally it all together and see whats the cheapest.

    As with 100 miles a day you really (unfortunately) will benefit from a diesel
     
  6. evokid

    evokid Active Member

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    Policies have risen 25-40% due to all the NO WIN NO FEES claims and the STAGED CRASHES!!! As always the masses have to pay for the theiving scumbags!!! :ban:
     
  7. marv_n69

    marv_n69 Standard'ish Cupra R 225

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    Cheers for that Alex, and i am very gutted to be getting rid of my LCR and i love it, one of the sexiest looking cars about....!

    W@nkers they are, watched a programme on TV last night about the Staged Crash sh!t, scum bags and they weren't even English........winds me up something cronic!!!
     
  8. IBD

    IBD Here Again!

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    My misses has just tried to renew her car insurance on a 150cdti Astra estate, and she was getting quotes of £700 that with full no claims (she does have 6 points mind you)

    best she got was Sheilas wheels at £600 in the end, she was having a rant at how expensive it was though, but I told her that its due to bogus cliams, which was then shown last night on Night Cops I think.

    Mine on the LC is only £38 a month
     
  9. PAULTDI67

    PAULTDI67 Active Member

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    insurance

    hi me 2 cant understand insurance:confused:had me a look on confused.com 2 see but all quoted me more than i'm payin allready:cry: have 2 see what they say at renewal time
    cant understand y you'd b payin more 4 derv vectra!!!what about lc TDI?
     
  10. MK R BOY

    MK R BOY Active Member

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    Hi there
    All the above is true regarding the demographics that the insurance companies use which is why who is cheapest from year to year changes alot and may change back. One of the biggest questions isnt neccesarily the car or the driver but statisically how much each claim is worth for your type of car. So for example for a LCR you might think its more powerful, more expensive to run etc etc but it might also be the repairs on it are really cheap or there are so few around that they hardly get into accidents or they are so expensive to run only old careful people drive them. So an average claim on a LCR might for example be 3k and an average repair bill for a claim on your new car might be 5K. So in this case your new car is finacially a bigger liability.

    And all of this changes over the life of the vechicle, so if you look at a LCR which was almost 20k to buy new would not of attracted a lot of 18 year yobs generally, but as it leaks into the second hand market it becomes a lot of car for say 6k, so claims may go up, but of course it is now cheaper to repair because parts are common then as becomes older its not worth much money so cheaper to write off etc etc etc

    So when factoring in insurance quotes there are a million things that they use to determine your final bill, the best advice, which has been said it just to use a comparison site when and if you can.

    ATB
     
  11. gazrhys

    gazrhys Active Member

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    could you have an LPG conversion on a LCR?
     

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