WOW that's seems horrendous to me
Actual value of the car is of less importance to insurance companies than Make & model, performance and specification as they tend to consider the value in groups if that makes sense, e.g. over £20k, over £30k etc. and they look closely at cost of replacement parts and accident history of those types of vehicle.
Even more important are your own statistics - estimated annual mileage, driving history, your age, and location, you'll pay a premium for living in a city, some more than others and presumably you haven't been offered any no claims bonus.
Mine isn't an AMG just a humble 250d AMG-line but the list value of the car was still over £47k when it was registered Sept 30th 2017. My wife and I are both in our 60s, live in a rural village in Northumberland and get 70% no claims discount. My policy is a multicar type for my GLC and My wifes' 2016 Mini Cooper Clubman ( £25k when we bought it new) and I renewed the insurance just last month at a total cost after various discounts of £396.02 FOR BOTH CARS - That's approx £228 for the GLC and £168 for the Mini.
Fully comprehensive and courtesy car, based on £6000 miles each p.a with excess on the GLC at £400 ( no option ) and the Mini at £150. Insurance is direct with Aviva so a major insurance company.
Unfortunately you won't get near that if you're 25 years of age living in London and driving 25000 miles pa
EDIT:
I think from memory the NC discount is 70%, would have to check but it is maximum, over 15 years no claims.
Actual value of the car is of less importance to insurance companies than Make & model, performance and specification as they tend to consider the value in groups if that makes sense, e.g. over £20k, over £30k etc. and they look closely at cost of replacement parts and accident history of those types of vehicle.
Even more important are your own statistics - estimated annual mileage, driving history, your age, and location, you'll pay a premium for living in a city, some more than others and presumably you haven't been offered any no claims bonus.
Mine isn't an AMG just a humble 250d AMG-line but the list value of the car was still over £47k when it was registered Sept 30th 2017. My wife and I are both in our 60s, live in a rural village in Northumberland and get 70% no claims discount. My policy is a multicar type for my GLC and My wifes' 2016 Mini Cooper Clubman ( £25k when we bought it new) and I renewed the insurance just last month at a total cost after various discounts of £396.02 FOR BOTH CARS - That's approx £228 for the GLC and £168 for the Mini.
Fully comprehensive and courtesy car, based on £6000 miles each p.a with excess on the GLC at £400 ( no option ) and the Mini at £150. Insurance is direct with Aviva so a major insurance company.
Unfortunately you won't get near that if you're 25 years of age living in London and driving 25000 miles pa
EDIT:
I think from memory the NC discount is 70%, would have to check but it is maximum, over 15 years no claims.
