A motorist looking to insure his Vauxhall Corsa said he was quoted almost £1.2 million for the year.
Rhys Barker, 27, looked online to insure his 10-year-old motor, which he bought second hand for £1,400.
And when he queried the figure, he was helpfully told he could pay in monthly instalments of £104,000-a-month - for a slightly higher fee.
Mr Barker said he was stunned when he logged onto the Zenith Insurance website and was given the quote of £1,165, 977.75p.
Mr Barker lives on Salford Quays development, near the BBC's new MediaCity northern HQ.
Many parts of Salford and neighbouring Manchester have some of the highest motor insurance rates in the country because of car crime.
Gary Humphreys, group underwriting director at Markerstudy Group, which runs Zenith, told the Manchester Evening News: "The price Mr Barker was quoted reflects that we have 'declined' to provide cover, as we would not expect a customer to pay such a high premium.
"This is not a case of pricing customers out of the market but quoting on the risks that are within our rating parameters and declining if they are outside."
No further details were available from the firm.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article