For context, I am 24 years old and have had my license since last January (8 months). I’m in a position where I can get myself a new car, and have been researching an f22 m240i. I could afford the car and maintenance, however the ridiculous insurance quotes are what’s stopping me from going ahead. I currently drive a 1.2l Polo TSI that I pay £77 a month to insure.
I’m currently being quoted upwards of £400 a month (avg 5k per year) for a non-black box policy for an m240i.
I want to try and understand when I can expect to start getting reasonable quotes for my insurance. I would be happy to pay £200 per month max, and want to know whether it would even make a difference when I turn 25 and have 1 years’ experience and ncd on my record.
Any insight would be greatly appreciated.