Picasso insurance is seriously expensive

[chiefmegawatty]

I recently bought a Picasso 1.6L  and the insurance via Money Supermarket is £300 per year

fully comp.

OK not too bad I suppose.

Just for fun I then got a quote from Money Supermarket for fully comp on an Aston Martin DB7, V12, 6 litre.

Quote was £358.42 !!!!

I therefore conclude that Picasso's are extremely expensive to insure.

Does anyone know why Picasso's are considered to be almost as expensive to ensure as

an Aston Martin DB7?

 

 

[welly_59]

my picasso is actually more expensive to insure than my last car which was a bmw 318ci m-sport!

[chiefmegawatty]

This is strange. My Picasso is insurance group 5. My previous car was a 2L Mondeo that was in group 12.

The Picasso insurance premium was the same as the Mondeo.

What is going on with the insurance companies?

[granpa]

What indeed, recent reports led me to believe premuims were actually going to come down, not so, they continue to spiral upwards

[stimulator]

Yep what you read and what you get are two totally different figures. It says on Martin's Money tip site this week that premiums have dropped 19% this last year. Well my C3 Picasso went up £15 with Churchill, yes I only have two years NCB but it still went up. So I went to Swinton who will get you a lower premium and give you £50 for switching. This year I paid £198 after the £50 return

Have a look here http://www.moneysavingexpert.com/car-insurance/?utm_source=MSE_Newsletter&utm_medium=bignote-three&utm_term=02-Sep-14-v1&utm_campaign=site&utm_content=2

 

OK why do I only have 2 years NCB,I am 69 been driving since 1962. Only had one accident claim and three speeding tickets over that time, NO I AM NOT A GOODY GOODY just don't get caught. However when I retired we had two cars, decided to sell one, mine as it was the oldest and then when I bought a car in my name after 3.5 years I found I had NO NCB credited so had to start from 0%. Big blow, but at that time the AA did give me a discount as I was the named main driver on the wife's car insurance. So be warned unlike the good old days where the NCB didn't run out, it does now.

Edited September 5, 2014 by stimulator

[granpa]

Worth knowing, any excuse to fleece the motorist

[PhillipH]

I just insured 2 weeks ago with Aviva and it cost me less than £150 and this includes insurance for business use. I use Top Cashback so I also got over £70 cash-back making the total insurance cost this year less than £80.

 

Tips

 

Limit your mileage - I do just under 8000 per year

Garage your car at night if you can

Add your wife to the policy 

Use 2 different compare sites deleting your cookies in between

Use a cash-back site like Topcashback

[Lancelot]

Does mileage make much difference?  For many, many years I've only needed 5,000 miles in the UK because of time spent in West Australia, although the car was insured for 12 months no-one else used it.  No OZ visit this year so I've had to increase my mileage to 9,000.  Rang L-V yesterday  Increase sanctioned - no premium increase,   Thank you L-V.

[stimulator]

They ask the following questions.

Job?

What use will car be used for? SDP or Commute & SDP

Annual approx. mileage?

Value

where kept

Drivers

 

If you put Retired, SDP but put down over 12000 miles then they would assume is more likely to be used during busy road use time. Hence premium higher.

 

Last year I did 4300 miles. Am retired no other use but SDP.

 

Next is the value you place on the car. Over estimate they wop up premium BUT will only pay out what they say it's worth on a write off claim. look it up in car guides

 

Where's it kept. In a garage gives lower premium. and Post Codes really affect premiums. (my mate moved from one end of a road to the other but his post code changed and his premium nearly doubled)

 

What excess will you pay. Only increasing it by £150 seems to make a big difference in premium.

 

Do you want legal assistance. Now I always take that, it costs £20 to 25 on top of premium. Too many scumbags on road these days.

 

Who's going to drive the car. Just you seems to be a no no these days. Add the wife or your mother premiums lower.

Is car as made?

[granpa]

In my mind its all down to post codes, 100 yards can make a difference, a very unfair system, is there a website where your code can be assessed or is it top secret

[bvs]

So be warned unlike the good old days where the NCB didn't run out, it does now. 

 

It has been like that as far back as I remember,I started driving in 1971  and I definitely remember that you had to have a car insured to retain NCB in the seventies - with a 2 year limit on no insurance as  standard !

Edited September 6, 2014 by bvs

[Dayce95]

I've found for my 2001 Picasso SX 1.8 16v that I'm paying LESS than I did for my 1.3 8 valve Ford Fiesta, and just so you know I'm 19 so that came as a shock. No NCB, nothing, just me and the car. So I think all the companies do is hit a button like they do on countdown and give a random figure and ask you to pay it.

[chiefmegawatty]

Just for fun again I applied for an insurance quote on an Aston Martin DB7.

The quote was £12 less than my insurance on my 1.6 litre petrol Picasso.

I am therefore foced to assume the following.

 

1. A 1.6 litre engine is much more powerful than a 6 litre V12 engine.

 

2. The Picasso is much faster than an Aston Martin DB7.

 

3. The cost of repairing a Picasso is greater than repairing an Aston Martin.

 

4. Picasso's are far cheaper to buy than Aston Martins, but insurance companies

haven't realised this even though the prices are openly and easily available.

[craigoss123]

Replaced my Alfa Romeo GTV, (which is group 16) with a 2003 picasso hdi.

Was shocked by the increase in insurance. I bought it partly to save money.

At least the tax is half the price :-)

[Ozzie]

a tip for those thinking of getting a second or even a third car LV will match the no claims

discount from the first. After 12 months this discount can be transferred to a different company.

 

just renewed a 03 hdi exclusive insurance with LV , £125 with multi policy and CSMA membership discounts.