INSURANCE IS A RIP-OFF
If you pay, say £1,000 a year in insurance, it's money down the drain. If you have an accident which costs £1,000 to repair, all the insurance company does is to pay for the repair but charge you the cost in increased premiums EVEN IF YOU HAVE PROTECTED FULL NO CLAIMS.
The only way to make money, you would have thought, then, is to buy an old banger costing £100, have an accident and then claim £1,000. But no.
The insurance companies only pay the book price and the book price is rigged to be lower than most people should reasonably pay for a second hand car compared to new.
Where you DO gain is in buying a second hand car and pointing to the rigged low price in the book.