After passing my PPL I was offered the chance to have an insurance share in one of my school's C172. I paid an upfront fee to cover the cost of the share, which is valid for 1 year. This took the price from £125 per hour to £60 per hour. I only have to fly 12 hours to break even. I get cheap flying and don't have the burden of paying for anything if something goes wrong. I think there should be more of these offers about. Availablity is good too, I mainly flying during the week and the club uses it at the weekends, so this setup is great for me.
Alex