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I made 2 claims (none fault) over 2.5 years as a named driver without any issue's. The latter even went to court lol. Id say being a named driver up untill your 21 is an idea if you dont want to pay out your arse for insurance.
It wont need anymore installation as like you have said you already have Sky + so 2 inputs.
I'm not sure about just getting a box on ebay and using that. At least with Sky you get a 12month warranty.
If I was going to get a new HD TV now it would be full HD. Which means it will support all factors like 720p, 1080i and 1080p. Sky HD is HD ready which is 1080i. Full HD is great for the likes of a 360 as games that are listed as 1080p will be played / transcoded at that resolution.
Having a...