RX8 Insurance

A chance to introduce yourself...
jackbailey
Forum Guest
Forum Guest
Posts: 1
Joined: Wed Mar 06, 2019 9:07 pm
Has thanked: 0
Been thanked: 0

RX8 Insurance

Post by jackbailey »

Hi guys,
My name is Jack I'm 17 and very interested in getting a RX8 in the next couple months or so. I've recently been looking into insurance policies on comparison websites and its still a very high 8000 pounds, so my question is are there any special / one off insurance companies that will insure my on my soon to be RX8.

Thanks in advance!
Jack
User avatar
Conan
Club Member
Club Member
Posts: 6743
Joined: Tue Jun 28, 2011 9:22 pm
RX-8: 231
Colour: Brilliant Black
Location: Cotswolds
Has thanked: 26 times
Been thanked: 310 times

Re: RX8 Insurance

Post by Conan »

Hi Jack and welcome to the forum,
That is indeed a high price which is designed to put you off using those companies.
Yes you should try specialist companies like Adrian Flux, Compitition Car insurance etc
Let us know
Regards
Pete
Last edited by Conan on Wed Mar 06, 2019 9:23 pm, edited 1 time in total.
Events Coordinator. 2014 to 2017

I’m an expert in nothing....I have made mistakes in everything
User avatar
mi60o0
Former Member
Former Member
Posts: 1968
Joined: Thu Mar 01, 2018 12:47 pm
Location: south east London
Has thanked: 38 times
Been thanked: 116 times

Re: RX8 Insurance

Post by mi60o0 »

Rx8 as first car is a struggle if you are not mechanical minded.
Plus isn't the best shortcoming car imo.
Also ignition can cost you 400 to 500 ( leads coils sparkplug)
If you want to change exhaust from 200 to 1k or more decat and cat back etc
Oil is good to be changed every 3k miles.
And much much more is so many bolt on upgrades that are so tempting. My first car was opel tigra 99 plate then I had 3x mazda 6 and still have one mazda 6 that I daily and rex toy that just cost and spend more time doing stuff on it, than driving
LEXUS LS430 4.3 v8 family car
Done exhaust and work wheels

Mx5 nd soul red Mike daily and work horse

Jessy’s Jaguar xkr 4.2 supercharged for fun family days
Secla
Former Member
Former Member
Posts: 169
Joined: Mon May 12, 2014 7:28 am
RX-8: Nemesis
Colour: Stormy Blue
Location: kettering. northants
Has thanked: 0
Been thanked: 3 times

Re: RX8 Insurance

Post by Secla »

I’m not suprised your getting quote that high to be honest. Insurance company’s just don’t want young people driving performance cars.
Probably for good reason. My first real performance car was an r5 turbo and I paid 4K a year third party when I was 18-19. That was 18 years ago now. I lived at home and had money to burn though
User avatar
acegeezer
Former Member
Former Member
Posts: 5843
Joined: Thu Feb 20, 2014 1:40 pm
RX-8: R3
Colour: Sparkling Black
Location: East Coast - Lincolnshire
Has thanked: 101 times
Been thanked: 83 times

Re: RX8 Insurance

Post by acegeezer »

This car is not for you if those quotes are anything to go by, as stated the running costs and correct maintenance will likely bankrupt you :(
John
R3-2009 "Sparkling Black" .. Gone but never to be forgotten 8)

New kid on the block .. Renault Megane RS 265 Diamond Black 2012 .. immaculate .. and quick :thumleft: Plus Honda CRV for the Dobermanns' :D
User avatar
New Duke
Former Member
Former Member
Posts: 3387
Joined: Sat Dec 03, 2016 8:38 pm
RX-8: R3
Colour: Sparkling Black
Location: Colchester, Essex
Has thanked: 691 times
Been thanked: 558 times

Re: RX8 Insurance

Post by New Duke »

'Not for you' - right now Jack. Stick a photo of one on your wall/desktop and build up your no claims discount in a cheapy hatchback while you save your cash for a decent RX8... not a cheap one. Most of us have had to do our time in slower cars while young, instead of jumping right into a sports car. Then get one in 5-10 years when insurance will be affordable. I promise you'll appreciate it more if you wait for it too. You can always join us on track days as a passenger and social events while you wait.

Unless you're a self-made millionaire and don't need to wait. It which case: Adrian Flux, A-Plan and Quotemehappy are good bets.
User avatar
brix79
Forum Administrator
Forum Administrator
Posts: 11010
Joined: Mon Sep 03, 2012 9:51 pm
RX-8: R3
Colour: Sparkling Black
Location: Caerphilly
Has thanked: 47 times
Been thanked: 155 times

Re: RX8 Insurance

Post by brix79 »

Glad to see you posted Jack. :thumright:

We've had many owners over the years that were 17 or 18, some of them went on to rebuild their own engines in no time..
It's about the individual, not the age imo, much of owning the RX-8 is slightly less costly than it was, and if you do your research properly, be sensible and can afford to do it, then why not.
John
Forum Admin Team

2021- // 2009 Sparkling Black R3 | Pettit Exhaust | 20mm Eibachs

2017-21 // 2010 Aurora Blue R3 | Gone, never to return, never to be forgotten.
2011-17 // 2005 Titanium Grey 231 | Gone. But Lives(d?) on.
User avatar
sKenDread
Former Member
Former Member
Posts: 761
Joined: Thu Jun 23, 2016 12:30 pm
RX-8: R3
Colour: Aurora Blue Mica
Location: West Midlands UK
Has thanked: 112 times
Been thanked: 74 times

Re: RX8 Insurance

Post by sKenDread »

Welcome to the forum Jack,

I was a teenager when I came across the RX2. My brother and I rebuilt the engine using a good old Hanes manual we photocopied from the local library.

That was my first experience and became addicted to rotary engines. By the age of 21 I'd gone through an FC (Series 4) and then FD. The insurance was horrendous then but I didn't care. My wallet certainly did but I was willing to plumb it into something I enjoyed.

As brix said. It's up to the individual. If you're willing to give it a shot then go for it!

You'll get a ton of info here from past and current members, not to forget the valuable info gathered and posted over the years.

Regarding the insurance quotes, I'd personally take a look at some of the insurance companies here in the forum. They might be able to give you better quotes than the one you got.

Best of luck


08 231 West Midlands

Kia-ora!
'09 R3 Aurora Blue Mica
Pioneer AVIC Z-830DAB | PAC RP4-MZ11 Interface
Fusion Signature Series Monoblocks | Ground Zero 12" Subs
Toshiba LTO Batteries (80AH) | Assignable LEDs on Beauty Panel
Tein MonoSports | Tein EDFC Active Pro
Rebuild by Mick at Hurley Rotary
User avatar
warpc0il
Spin Doctor
Spin Doctor
Posts: 32538
Joined: Sat Sep 06, 2008 10:56 pm
RX-8: 231
Colour: Lightning Yellow
Location: Groomsport, Co Down, NI
Has thanked: 444 times
Been thanked: 2080 times

Re: RX8 Insurance

Post by warpc0il »

Back in the '70s, my first car was an Alfa Romeo 1750 GT Veloce, which was a direct competitor to the E-type Jag.

When I started looking for insurance I thought the brokers were giving me alternative phone numbers to call, only that was the annual premium. :roll:
One company did offer a quote that I could just about afford, until I realised that was the monthly, rather than annual charge :shock:

Long story short, I still have that car and I don't regret it.

All that aside, you need to consider the total running costs, including draconian road tax (if after 2006), plus all the parts you'll need to replace (coils, tyres, etc) unless you pay a lot more for a sorted car, and that's without keeping the tank topped-up with fuel.

The purchase price could be less than 30% of the first years ownership cost.
Dave
The Spin Doctor ™
uǝǝɹɔs ɹnoʎ ʇɹǝʌuı ǝsɐǝld :ɹoɹɹǝ
User avatar
Shagrington
Forum Moderator
Forum Moderator
Posts: 32772
Joined: Tue Sep 12, 2006 1:54 am
RX-8: 192
Colour: Sunlight Silver
Location: Kent (out in the sticks - nothing urban here)
Has thanked: 266 times
Been thanked: 320 times

Re: RX8 Insurance

Post by Shagrington »

Hi and :welcome: Jack. :D I can't add much more than agreeing to most of what has been said above already. My first car was a tatty old Minivan with a window conversion and rust ... lots of rust #-o - the insurance premium for my first year was £35. Times have changed since then it seems. :mrgreen:

Bear in mind that in order for someone of your age to get insured many insurers will insist on you having one of those awful black boxes that records everything you do and they may increase your premium if it tells them you go over the speed limit or accelerate/brake too hard. :roll: Your post code will also have a bearing on what you end up paying - where in the country are you? It may be worth asking some of our younger members where they got their insurance, whether it is affordable and if they have done anything to help with getting their premium down (I'm sure there was someone in the Essex Meet thread (look for 'Social Meets') that says in their signature they are only 18 and the RX-8 is their first car).
'Grington.
former Club Treasurer 2010-18 (now finally retired) \:D/
Silver 192 green interior LEDS, Nordic Green hoop spoiler, roof inserts and wheels Silver Stripes (now finally retired) :cry:
User avatar
warpc0il
Spin Doctor
Spin Doctor
Posts: 32538
Joined: Sat Sep 06, 2008 10:56 pm
RX-8: 231
Colour: Lightning Yellow
Location: Groomsport, Co Down, NI
Has thanked: 444 times
Been thanked: 2080 times

Re: RX8 Insurance

Post by warpc0il »

Shagrington wrote:
Thu Mar 07, 2019 1:30 am
Your post code will also have a bearing on what you end up paying - where in the country are you?
My guess would be somewhere in the Birmingham-Liverpool-Sheffield triangle
Dave
The Spin Doctor ™
uǝǝɹɔs ɹnoʎ ʇɹǝʌuı ǝsɐǝld :ɹoɹɹǝ
User avatar
mi60o0
Former Member
Former Member
Posts: 1968
Joined: Thu Mar 01, 2018 12:47 pm
Location: south east London
Has thanked: 38 times
Been thanked: 116 times

Re: RX8 Insurance

Post by mi60o0 »

London Postcodes are preety rubbish to. I remember when I was 20 and I had to insure my mazda 6 1.8 and passat 2l petrol 4k+... I end it up to send it to Bulgaria and put BG insurance that come with Europe cover and I made my ncb like that and following year I insure with Elephant for 1400 so massive drop … 4k + to 1400 .
atm Im paying 1400 for 2 cars 2.5l mazda 6 all mods declared
and the Rex with mods declared for south east London is okay
this include my mrs is on the policy to as 1st driver on the 6. with Aviva I been with Aviva for second year they was the far cheapest some insurance company wont insure me, Also aviva want you to be 25 or older to insure rx8
LEXUS LS430 4.3 v8 family car
Done exhaust and work wheels

Mx5 nd soul red Mike daily and work horse

Jessy’s Jaguar xkr 4.2 supercharged for fun family days
User avatar
Punchy
Former Member
Former Member
Posts: 101
Joined: Tue Jul 10, 2018 9:26 pm
RX-8: 231
Colour: Velocity Red
Location: Usually somewhere just off the A12, Essex
Has thanked: 9 times
Been thanked: 15 times

Re: RX8 Insurance

Post by Punchy »

Not at 17, unless you're going to be selling organs to insure it. Wait until you have a years no claims before taking the plunge. Also be prepared for 20mpg and regular oil top ups. Also don't forget that rear wheel drive cars will behave differently to your 1.0 Ecoboost Fiesta learner car, which is essentially driving in cheat mode. If you have the money and can keep your cool and not give into friends saying "DO A SKID", then go for it, but don't expect much money left for much else...
Punchy The Red Rex - first car (08/07/18 - present)
Pandora The Rusty Seven - money pit (23/08/17 - present)

Instagram: https://www.instagram.com/punchy.the.red.rex/

Son of Essex2Visuvesi, he's the reason for my triangle obsession ;)
User avatar
kopite72
Club Member
Club Member
Posts: 13198
Joined: Wed Dec 28, 2011 8:30 am
Location: Cork Ireland
Has thanked: 144 times
Been thanked: 282 times

Re: RX8 Insurance

Post by kopite72 »

Forget about an 8 for a while,aside from the insurance they can be ruiniously expensive to run and maintain ( assuming you'll maintain it well ) Fuel costs are horrendous especially if you plan on using it as a daily.

Why not go for an MX5? Brilliant little sports car that would not be anywhere near as expensive to run an maintain.An annual service would suffice.I don't know how you'd fare with insurance on a 5 but surely well worth looking in to....
R3 GONE, FUN WHILE I HAD HER BUT NOW LOVING MY 25TH ANNIVERSARY MX5

Mods so far..
BBR 200 PACKAGE
COBRA " RACE " BACK BOX
MEISTER COILOVERS
KONIG HYPERGRAMS ( POLISHED LIP)
RACING BEAT ARB's ( FRONT AND REAR )
IL MOTORSPORTS STRUT BRACE AND ADJUSTABLE
DROPLINKS

Mods planned..
BBR STAGE 2 SUPERCHARGED
WILWOOD 6 POT BBK
FULL UNDRBODY SEAL
ATOTO HEAD UNIT
User avatar
Punchy
Former Member
Former Member
Posts: 101
Joined: Tue Jul 10, 2018 9:26 pm
RX-8: 231
Colour: Velocity Red
Location: Usually somewhere just off the A12, Essex
Has thanked: 9 times
Been thanked: 15 times

Re: RX8 Insurance

Post by Punchy »

kopite72 wrote:
Thu Mar 07, 2019 8:53 am
Why not go for an MX5?
I did A LOT of research into it and unless you have a years no claims you can't really step outside the <1.4 sh*tbox class without insurance companies resizing your rectum with their massive premiums. You MIGHT be lucky to find something out of pure luck, but anything rear drive (MX5, RX8, IS200, MR2) is usually a no-no

Well except an Air cooled Beetle
Punchy The Red Rex - first car (08/07/18 - present)
Pandora The Rusty Seven - money pit (23/08/17 - present)

Instagram: https://www.instagram.com/punchy.the.red.rex/

Son of Essex2Visuvesi, he's the reason for my triangle obsession ;)
User avatar
kopite72
Club Member
Club Member
Posts: 13198
Joined: Wed Dec 28, 2011 8:30 am
Location: Cork Ireland
Has thanked: 144 times
Been thanked: 282 times

Re: RX8 Insurance

Post by kopite72 »

Resizing your rectum :giggle: Nigel will be along shortly for advice on that :lol:

Seriously though, hold tough for a year or two and see what's what. You're young and inpatient, I get that but trust me waiting for a bit is the best way forward and your wallet will thank you for it ;)
These users thanked the author kopite72 for the post:
GreySilver Beast (Thu Mar 07, 2019 6:32 pm)
R3 GONE, FUN WHILE I HAD HER BUT NOW LOVING MY 25TH ANNIVERSARY MX5

Mods so far..
BBR 200 PACKAGE
COBRA " RACE " BACK BOX
MEISTER COILOVERS
KONIG HYPERGRAMS ( POLISHED LIP)
RACING BEAT ARB's ( FRONT AND REAR )
IL MOTORSPORTS STRUT BRACE AND ADJUSTABLE
DROPLINKS

Mods planned..
BBR STAGE 2 SUPERCHARGED
WILWOOD 6 POT BBK
FULL UNDRBODY SEAL
ATOTO HEAD UNIT
User avatar
V8 Power
Former Member
Former Member
Posts: 10000
Joined: Wed Apr 09, 2014 8:48 pm
Location: Fantasy land
Has thanked: 93 times
Been thanked: 165 times

Re: RX8 Insurance

Post by V8 Power »

My youngest lad now has 2 years no claims bonus and clean licence. That has allowed him to look for car a bit more pokey than his Mazda2. He wanted to buy our R3 but as he is not into maintenance it is not really suited.
He had an insurance quote of £1,100 which I didn’t think was bad.
He ended up with a msport s2.0i Z4 with the insurance cost about the same as the R3.
Just shows those extra couple of years make a big difference.
“Extraordinary claims require extraordinary evidence " Carl Sagan.
User avatar
Eddie_r32
Former Member
Former Member
Posts: 1216
Joined: Fri Feb 12, 2016 6:18 pm
RX-8: 231
Location: Henley-on-Thames
Has thanked: 18 times
Been thanked: 78 times

Re: RX8 Insurance

Post by Eddie_r32 »

If you really want one and have the space look at buying one now and keep it locked up for a couple of years as they are getting hard to find now and I can actually see the price creeping up in not too distant future
2007 Galaxy grey 231.
RRP Parts: Full bridge, long tube header, cofs + tanks, pulleys, engine mounts, oil injectors, remap, race cat.
Other: Greddy sump, Autoexe exhaust, autoexe brake brace, ingalls engine brace, ultra racing f+r strut brace, hsd coilovers, whiteline Arbs, 4 pot brakes, r3 Diff, r3 interior and lots more
User avatar
Essex2Visuvesi
Former Member
Former Member
Posts: 4461
Joined: Sat Jul 05, 2014 2:05 pm
Location: Essex
Has thanked: 1 time
Been thanked: 74 times

Re: RX8 Insurance

Post by Essex2Visuvesi »

Adam (Punchy) is 18 and we had quotes around the £1500-2500 mark once he passes his test. He's in an enviable position that he has 1yrs NCB from the MG he was learning in.

Have a look at Mustard.co.uk
Proud Member of the Essex Wankelist Massive
User avatar
GreySilver Beast
Former Member
Former Member
Posts: 64953
Joined: Sun Dec 10, 2006 6:57 pm
Location: Somewhere in the UK
Has thanked: 1581 times
Been thanked: 365 times

RX8 Insurance

Post by GreySilver Beast »

Hi Jack & :welcome: to the RX-8OC :thumleft:

Please put your Location here in the Profile Section =D>

Please check out the EVENTS SECTION's :thumleft: - Events Team
GreySilver Beast-Test Drives Unlimited (Nigel)
Club Member from 2006 - present
Events Team from 2015 - 2024
Events Coordinator from 2017 - 2023
Administrator from 2012 - present RX-8 Owners Club UK
Tesla M3LR AB 363 AWD " Blue Beast "
untakenname
Club Member
Club Member
Posts: 959
Joined: Wed Jul 02, 2014 10:18 am
RX-8: 231
Colour: Kuro Black
Location: London
Has thanked: 71 times
Been thanked: 90 times

Re: RX8 Insurance

Post by untakenname »

The RX8 would make a good first car as got decent driver aids and feedback plus is practical with the legroom in the rear and the size of the boot and most of all feels fun at relatively slow speeds due to the low seating position so less likely to get speeding points.

Best bet would be go get a 2003/4 S1 as they are 15 years old and will fall into the classic car bracket (ncb doesn't matter) so will be a lot cheaper.

When I was young my first car was a 1.4 Rover 200 with an MG ZR bodykit which put down 100bhp then the next was a Saab 9000 that had 340bhp and because it was classed as a classic car the insurance was a fraction of that of the Rover even though it was completely insane power wise, nothing stock at that time could touch it on a roll.
User avatar
Artermis
Former Member
Former Member
Posts: 106
Joined: Sat Aug 04, 2018 7:08 am
RX-8: 231
Colour: Sunlight Silver
Location: Grimsby
Has thanked: 0
Been thanked: 2 times

Re: RX8 Insurance

Post by Artermis »

I would suggest that at 17, meaning you're a new driver without any no-claims bonus or anything, unless you've found a company that'll accept NCB earned on a moped or something (they are out there) then £800 is a blood bargain.

I see plenty of kids these days struggle to bring in a premium under £1,500 for a poverty spec corsa, clio, yaris or whatever other sub 1 litre euro box you could think of these days.

I'm 32 now, even my first car, a Mazda 323F (1998) 1.5 litre when I was 17 cost me £1,200 for the first year's insurance and that was with pass-plus qualification, which essentially had a benefit in premium akin to that of a years no claims.

If you can get an RX-8 as a first car for £800 a year insurance, have their arm off (assuming you're not fronting the policy in your parents name, or quoting based on still being a learner or something, as the premium will rocket when you set it true).

Disclaimer - always make sure you're open, honest and clear on your insurance policy, no fronting or anything, as if the company finds out you're in for having your policy declared void. If you think insurance is expensive now, try telling them you've had a policy declared void or cancelled before!
User avatar
nightfire10
Club Member
Club Member
Posts: 8003
Joined: Sun Sep 28, 2014 9:11 pm
RX-8: 40th Anniversary
Colour: Crystal White
Location: poole dorset
Has thanked: 741 times
Been thanked: 282 times

Re: RX8 Insurance

Post by nightfire10 »

£8000 not £800

Sent from my SM-G930F using Tapatalk

Hayward's Street/bridgeported rebuild,595's,Tein coilovers edfc Racingbeat rear anti roll bar oil pres oil temp gauge pod's,lockwood front rear grills,Tinted wind ws folding tow hook's,595s,connect2 ,at long last sohn and ap50 tank instaled ,revi ram air duct already fitted ! calipers painted,diff oil changed .
just oil lines to fit at some stage ( had them a while too) :P

180 of 400
User avatar
GreySilver Beast
Former Member
Former Member
Posts: 64953
Joined: Sun Dec 10, 2006 6:57 pm
Location: Somewhere in the UK
Has thanked: 1581 times
Been thanked: 365 times

Re: RX8 Insurance

Post by GreySilver Beast »

It's amazing how many people can't read on here ;)

My first years insurance back in January 1984 at 18 years old was £189 for a Feb 1981 W reg Ford Fiesta 950cc Popular Plus at £2,895 Image

Sent from my ASUS_A001 using Tapatalk



GreySilver Beast-Test Drives Unlimited (Nigel)
Club Member from 2006 - present
Events Team from 2015 - 2024
Events Coordinator from 2017 - 2023
Administrator from 2012 - present RX-8 Owners Club UK
Tesla M3LR AB 363 AWD " Blue Beast "
User avatar
Punchy
Former Member
Former Member
Posts: 101
Joined: Tue Jul 10, 2018 9:26 pm
RX-8: 231
Colour: Velocity Red
Location: Usually somewhere just off the A12, Essex
Has thanked: 9 times
Been thanked: 15 times

Re: RX8 Insurance

Post by Punchy »

GreySilver Beast wrote:
Fri Mar 08, 2019 11:24 am
It's amazing how many people can't read on here ;)

My first years insurance back in January 1984 at 18 years old was £189 for a Feb 1981 W reg Ford Fiesta 950cc Popular Plus at £2,895 Image

Sent from my ASUS_A001 using Tapatalk
Adjusted for inflation that's still only £596.76. I've never had any quotes for under a grand even when looking at 1.0 pieces of automotive celery made in a jungle clearing in Korea. What's happened? Has trust just completely broken down and they don't want people to drive or something?
These users thanked the author Punchy for the post:
GreySilver Beast (Fri Mar 08, 2019 3:00 pm)
Punchy The Red Rex - first car (08/07/18 - present)
Pandora The Rusty Seven - money pit (23/08/17 - present)

Instagram: https://www.instagram.com/punchy.the.red.rex/

Son of Essex2Visuvesi, he's the reason for my triangle obsession ;)