""Pay cash for the car.

Insure for liability only.

Place the savings into an account...to purchase another car in ten years.""

Doesn't work in the UK.

Insurance companies these days consider the owners of old bangers who ask for "Third Party", or "Third Party Fire and Theft" (Liability only) to be more of a risk.

As a result, most UK companies charge almost as much as for Fully Comprehensive, and some charge even more.

Any saving you do make is not worth the risk of losing your car without compensation.

Don T.