Posts Tagged ‘Car Insurance’
That dream car has never been further away
What is your dream car? Many people dream of driving a bright red Ferrari or a British racing green Aston Martin. Occasionally, you find a massive car enthusiast who has been saving all his life to buy the car of his dreams. However, it is likely that these people have only considered the massive initial sum for the car, and haven’t thought about keeping money in reserve for insurance. However, research using Money Supermarket’s price comparison website has revealed that the annual cost of insurance on these cars might actually make them unattainable. This has become more of a problem for people lately, with the AA reporting that the cost of car insurance for drivers has risen by a record 12.7% during 2010. So how much would it cost to insure that dream car?
*Aston Martin DB9*
The DB9 is a stunning car which is on the bedroom wall of countless youths. Aston have finally sorted out their reliability issues and the car sounds and drives brilliantly. It would therefore be easy to understand anyone saving up for a DB9, with there being a 2008 DB9 available on Autotrader just £40,000.
However, the expense wouldn’t end there with insurance for a 30 year old male on the DB9 costing £1775.75 per year with Admiral Insurance. Conversely, the same male could get insurance on a Ford Focus for as little as £326.19 per year with Hastings Direct. With insurance savings of over £1400 per year before the increased price of tax and fuel, is it really possible for you to justify buying a DB9?
*Ferrari California*
What young boy hasn’t dreamt of owning a Ferrari? The iconic prancing horses badge embodies all of the Italian passion for speed and performance that has always differentiated Ferrari from other car manufacturers. The California is no different; doing 0-60 in just 3.9 seconds and looking absolutely stunning. Ferrari has also got the weight distribution just right, and the cars handling is lighter than air. However, being a Ferrari there is no way to buy it on the cheap, with the cheapest one on Autotrader being a staggering £150,000.
The insurance isn’t cheap either, with the best quote offered on Money Supermarket being almost £3000 for a 30 year old driver with Dial Direct. If you thought the DB9 was unattainable, the Ferrari is in a completely different league.
*Audi R8*
The R8 is without doubt one of the most visually pleasing cars Audi has ever produced. On top of this the car is as technically perfect as you would expect with German engineering, with the stunning V8 engine going from 0-60 in 4.8 seconds. Not quite as quick as the Ferrari, but it is slightly more affordable, with the 2007 model being available on Autotrader from £55,000.
The insurance is also the cheapest of all the supercars reviewed so far, being available for a 30 year male from £1562 with Admiral insurance. However, that is still over £1200 per year more than the Focus.
*BMW M5*
The M5 isn’t as good looking as the R8, but while the R8 is like a beautiful ballet dancer the M5 is sumo wrestler. It has a brilliant V10 engine and amazing handling. You genuinely feel like you are in a racing car while driving an M5, and despite it not looking out of the ordinary, it wouldn’t be a out of place on the list of the greatest cars of all time. The M5 is also available on Autotrader from the same price as the Aston (£40,000), making it look like good value when compared with the Ferrari California.
Another thing the M5 has in its favour is the insurance price, with it being the most reasonable on all the super cars, available from £1193 for a 30 year old with My Motor Quote insurance. However, once again compared to the Focus it is still rather expensive.
*Conclusion*
If you think that the initial expense of buying a supercar is all you have to worry about, think again. Insurance, fuel, tax and general maintenance will all be an ongoing concern.
However, if you have set your heart on it and have got enough money available to be able to afford the ongoing expense, why not treat yourself? It appears that the insurance is at its cheapest when you are 60 years old based on the insurance quotes retrieved, which would be a great time to get yourself a retirement treat. If your not a millionaire, the Ferrari isn’t really realistic. However, the other three are all very viable options for a lot of people, and all three would be a welcome addition to anyone’s garage.
Auto Insurance
If you drive a sports car, your car insurance company probably classes you as high risk. You can get a good ride, even accelerated, and you will certainly not DUI (driving under the influence) convictions, but still arrogant, with a high risk automobile insurance. Is that fair or what?
Well, that’s not only the world of insurance and the high risk insurance premiums just keep going up is it less? Fortunately, yes. Read more.
1. Look for a high-risk specialty insurance
The auto insurance is a good thing murderers, and many insurance companies are looking for the market, they have not touched for so long. One of them is the high risk auto insurance market. Large and small companies who vociferously for your business and then put your mouse, your laptop and fire as many deals as you can go online. The fast, easy and best of all its costs.