16V NA Insurance

First post - hello all.

I am considering buying my uncle's '95 16V NA to replace my current BMW 330ci, so thought I would check out insurance. Adrian Flux are looking at £700+ which seems steep (£260 more than the BMW!), whereas Admiral are £375. However, Admiral are CHEAPER for a 16V turbo (£371) - any ideas why that might be?

Checked for 20V, 20VT and 20VT-6speed. First two were £441 (same price again seems odd), whilst the 6-speed was up to £660.

Can anyone explain these apparent anomalies???

Cheers,

James

It's the mysteries of the insurance industry, innit.

Ultimately insurance premiums are based on a complex set of data which allow the underwriter to estimate for a given profile of driver and car how likely it is they'll have to pay out, either because of an accident or theft, and the average pay-out.

Over time this data can affect itself - so if, say, lots of young drivers can't afford to insure 16V or 20V turbos they might buy the NA models and then stick them in to trees, pushing up the accident rate for the NA models, making them more to insure.

That's my guess, anyway.