Good luck with it K. I think it is best to let your sister use it rather than locking it up for such a long time. As long as she promises to look after it lol.

Lili

Hi.

Im not a massive fan of 4x4's, only because for the money I would rather have something like an M5 etc, but having said that I do like the big engined X5's. I actually work for Norwich Union and also the RAC insurance (basically the same company for those who didnt know.) I am certain that 90% of insurers will not want to take you on as a risk. Hence either the reluctance to quote or the deliberate high prices from insurers looking to price themselves out of the running. Every insurer has a certian market they do not want in their business. (Young drivers, performance cars or high risk addresses) This can change from year to year (which is why some people's insurance goes up unexpectedly at renewal) but one thing most will avoid is young drivers with group 15+ cars. I know this because I am looking at changing my car to either a BMW M3 or a Masarati. Both group 20 and like you, i'm under 25 with a low NCB level. The best quote I have had is with Adrian Flux on the BMW. Also, I know that X5's are a massive theft risk and most insurers will not insure without a tracker being fitted. Going on this I'm not sure the Norwich Union pay as you drive insurance will help due to your age as most will not insure anyone under 25 on an X5. The policy HAS to be in your name as its your vehicle but you can add on anyone you want as a named driver. The older and more experienced they are the better as this should lower your premium. Someone also mentioned the 10 month bonus polices....I reckon you might have to forget that, they wont cover a vehicle over group 15. I know I havn't really provided much good news here but I hope it explains a few things. My advice, call adrian flux. Im 99% they will be your best quote.

To be honest I think you were a little naive for not expecting the insurance to be ridiculously expensive. I would advise anyone to get quotes for insurance on a new vehicle before they even consider purchasing it.

I honestly don't see a way around this other than forking out the high premium if you want it that bad. In my opinion your best option would be to sell it off and buy something a lot less expensive, which would you leave an adequate sum to pay the insurance in full with a large chunk left over spend how you want.

Unless you're a professional footballer or the offspring of a rich oil baron you should maybe look at something a bit more sensible.

following on from the previous comment i to think you are a tad silly buying a car before getting insurance quotes. I doubt you will find insurance under £5k. Surely if you can afford to buy a £60k car you can afford an extra £5k for insurance?!?!? if not why not ask mummy or daddy?!?!?!?

ROFL @ This thread.

Okay. The facts. A BMW with a hideously excessive CC, With Extras, Valued at £60,000, driven by a 19 year old, Male, Student.

Quotes @ £5000, £6000, £7,000 with a massive excess and you're complaining? I could be missing something here (but I doubt I am). If you're going to spend a ridiculous amount of money (at 19) on an item that will depreciate in value excessively, to which you will probably write off anyway (given risk), then why are you worrying about the cost of insurance? Whatever you pay now will be considerably less than the claim you will make on it over the next few years! If I were the underwriter in this instance I would probably produce a premium at around £18,500 with an excess of £4800-£5000. Those companies offering you your current premiums (as quoted) are off their flaming rocker and, sadly, will be a contributing factor to the ever increasing insurance premiums for ALL drivers. As a consumer, you would be off your flaming rocker to turn down that size premium! I'm beginning to think this country's people have lost the plot!