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post #4 of (permalink) Old 4th March 2008
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Your Megane is a group 8 car... My first car was group 6 and cost 700 to insure TPFT with Direct Line. With two years' experience and NCB, I'm now paying 550 for a group 9 car - generally with cars over about 5 years old, the IG is pretty much the main thing defining the cost of insurance for somebody in a given age group (though obviously there are other factors.)

According to Parker's, the following valuation applies to your car with average milage:
Original Price 14,300 Independent Dealer 2,680 Private Good 2,320 Private Poor 1,560 Part Exchange 1,940

So it looks like you got a reasonable deal on it. Brace yourself however, because if it's anything like the mainland, your insurance will probably be at least as much as the car cost you for the first year for such a high-grouped car! If you want to pay in instalments, the cheapest policy is not necessarily the cheapest, since there's also the interest to consider (effectively, the insurer 'loans' you the money for the year's policy, so they charge a fortune for the finance.) Putting a parent or somebody else with driving experience as a named driver on the policy will most likely reduce the premium substantially, but don't expect it to be 'cheap'.
Currently in Azurael's garage:
TEB64 (Cosmic Grey) 2001 'Y' Laguna II 1.8 16v Privilege Tourer (KG0B F4P-770)/TED44 (Odyssey Blue) 2001 'Y' Laguna II 1.8 16v 'Expressionale' Hatch (BG0B F4P-770)

Last edited by Azurael; 4th March 2008 at 05:22 PM.
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