Insurance: Justify this quote..

[Robert Allen]

Hi,

I am looking to drive my mums car in a months time.

http://upload.wikimedia.org/wikipedia/commons/d/dd/Renault_25_greybraun_vl.jpg

(indentical to that, but rhd.)

Well...the car is worth, in its current state, $700 (350GBP) max. It has 152,000 on the clock.

Comprehensive insurance for my mums car, costs 4,200 GBP, which is $9,400USD.

How the heck can they justify such a cost? Check this;

VW Polo 1.2 (new version): 1.2litre engine, top speed: 120mph
Renault 25 (1989): 2.0 litre engine, top speed: 118mph.

Insurance for the VW polo is ONLY $1,500, 750 GBP.

I dont understand, my car is slower, crappier than a 1.2 litre car, and costs so much extra to insure than a new car.

:td:

How can they justify the cost?????????

Rob

 

[lee101]

Wow, I knew insurance was expensive, but that is just ridiculous!
I've just done a quote for myself (can learn in december) and it turned out at £4,000, for a Ford Fiesta (2002). That is just ridiculous, how on earth do people come up with these figures?

Considering a VW Polo is just £750 these figures seem totally unjustified, and churchhill refused to even give me a quote.

 

[muttley]

The Renault 25 is larger and more powerful than the Polo so it'll be in a higher insurance group. The higher the group the more expensive a car is to insure.

 

[Robert Allen]

The Renault 25 is larger and more powerful than the Polo so it'll be in a higher insurance group. The higher the group the more expensive a car is to insure.

It is not very powerful, it has a big, weak engine. the VW Polo is faster aceleration than the R25...

ROb

 

[-NC-]

AFAIK, Insurance companies don't check the horsepower, they think 2.0 = more power than 1.2

 

[Robert Allen]

The reason i prefer the R25 over a new car, is that it has old fashioned looks, it is extremely quiet, and it is basically in mint condition.

For a car which has done 153,000 miles it is in very good condition, and i think it could do double that before the engine dies.

Rob

 

[scooby47]

Just sent you a PM that may help

 

[Robert Allen]

Thanks for the PM. It will probably help.

Rob