This thread is quite interesting as it reminds me of the days when I used to work at an Insurance Company.... you guys shouldn't underestimate how many young people there are on our roads driving some real high performance cars!
I worked at Endsleigh Insurance between 1994 & 1998, and we specialised in Student Insurance. Being the entreprenuerial type I visited all of Cambridge's overseas student colleges and struck up a few contacts which resulted in some of the following real policies which I won in the 4 years I worked there. These are just some of the extreme ones, there were plenty of sub £10k annual premiums which aren't even worth mentioning as there were too many to mention. Have a gander at some of these:
18 y/o female, Foreign Student, Brand New BMW Z3 3.0: Premium £13,500. Excess £5k
18 y/o female, Foreign Student, Brand New TVR Griffith 500: Premium £17,500. Excess £5k
18 y/o male, Foreign Student, Brand New BMW M3 Evo 3.2 Conv: Premium £22,000. Excess £10k
18 y/o male, Foreign Student, Brand New BMW M5: Premium £25,000. Excess £20k
21 y/o male, Foreign Student, Brand New Ferrari F355: Premium £50,000. Excess £50k
All of these were underwritten by Insurance GB & St Pauls International (not sure if they are still going these day?!)
And by the way, each and every one of these policies was paid up in FULL by the individual's who took out the policies! Most of these were the son's and daughters of mega-rich oil and gas Tycoon's, mainly coming over from the Russian bloc countries!
It really is mind boggling when you start thinking about it!
