Is this normal for insurance?

Is this normal for insurance?

Author
Discussion

HUFC

Original Poster:

36 posts

130 months

Sunday 5th July 2015
quotequote all
Just been getting a few quotes as I am looking to change cars soon.

Tried a quote for an mx5 which came back at £1120. That is at 21 year old and 6 points.

Took the 6 points off and the price drops down to £610.

Obviously I have to declare the points but that seems like a big price change for an SP30 from jan 2013 and a CU80 from August 2013.

Was just wondering if it is normal for the difference to be so big

Jonno02

2,246 posts

108 months

Sunday 5th July 2015
quotequote all
Yes.

TwigtheWonderkid

43,246 posts

149 months

Sunday 5th July 2015
quotequote all
The amount they charge for points varies on the age of the driver, the convictions, the car etc.

A 21y/o with an MX5 and a CU80 is a worry. CU80 isn't a mistake or an error or judgement, it's a premeditated decision to do something you know is illegal and take a risk. Completely unnecessary. It say something about the persons character.

Take 100 people at that age and that car, 50 without a CU80 and 50 without, and the 50 with will make far more claims, pwithout any doubt. They will take more unnecessary risks across the board, even if they never use their phone whilst driving again .

Ekona

1,652 posts

201 months

Sunday 5th July 2015
quotequote all
CU80 for using a mobile? That must be up there with TS10 in terms of something insurers consider a big risk.

CaptainMorgan

1,454 posts

158 months

Sunday 5th July 2015
quotequote all
Yeah, I read a while back it's as much about what the points are for as it is how many you have. Phone is going to be a price hiker. Obviously every insurance company is different but I'd not be shocked at that increase.

HUFC

Original Poster:

36 posts

130 months

Sunday 5th July 2015
quotequote all
I understand the reasoning behind it but that to me seems quite a big jump. I know how insurance works but it seems like I am being seen as more of a risk as I have done something that could potentially lead to a crash where as if id have actually crashed then it seems like the insurance would be cheaper.

Also does it start to make less of a difference the longer time goes on or will it make the same difference until I can stop declaring them?


calibrax

4,788 posts

210 months

Sunday 5th July 2015
quotequote all
I'm surprised it isn't a lot more, to be honest.

Osinjak

5,453 posts

120 months

Sunday 5th July 2015
quotequote all
I didn't know what CU80 stood for so looked it up but also found a code DD90 for 'Furious Driving.'

HUFC

Original Poster:

36 posts

130 months

Sunday 5th July 2015
quotequote all
calibrax said:
I'm surprised it isn't a lot more, to be honest.
Well how much do you think is fair for a 21 year old student in an average post code with 6 points from 2013 and 3 years no claims on an mx5?

I've had an MGF so it being rwd isn't a problem

anonymous-user

53 months

Sunday 5th July 2015
quotequote all
HUFC said:
Well how much do you think is fair for a 21 year old student in an average post code with 6 points from 2013 and 3 years no claims on an mx5?

I've had an MGF so it being rwd isn't a problem
£2465.67

calibrax

4,788 posts

210 months

Sunday 5th July 2015
quotequote all
HUFC said:
calibrax said:
I'm surprised it isn't a lot more, to be honest.
Well how much do you think is fair for a 21 year old student in an average post code with 6 points from 2013 and 3 years no claims on an mx5?

I've had an MGF so it being rwd isn't a problem
Ok, calm down, it was a comment on the general high cost of insurance as opposed to your personal situation.

I'm just saying with the way insurance costs are today, and the info you provided, I thought it would be more. After all, looking at the facts : 6 points is halfway to a ban, an MX5 is a sporty car, and 21 years old means a max of 4 years NCB. So I figured it would be nearer £2k.

In fact, even without the 6 points I thought it would be in that ball park...

Edited by calibrax on Sunday 5th July 18:52

HUFC

Original Poster:

36 posts

130 months

Sunday 5th July 2015
quotequote all
Ok ok I'm calm smile

Tbh it's not so much the price that is the annoying part it's the difference between the two quotes but insurance companies are businesses so it's expected for them to charge what they can/want.

CaptainMorgan

1,454 posts

158 months

Sunday 5th July 2015
quotequote all
HUFC said:
I understand the reasoning behind it but that to me seems quite a big jump. I know how insurance works but it seems like I am being seen as more of a risk as I have done something that could potentially lead to a crash where as if id have actually crashed then it seems like the insurance would be cheaper.
I guess a misjudgement resulting in an accident is seen as less risk than someone who isnt even looking/concentrating fully on the road. How long is left on the points? I would assume they'd have less effect as they get older but insurance is often a black art.

It isnt all companies though, my brother had the same offence on his licence and didnt notice too much of a hike, each company will have it's only risk rating for offences I'd have thought.

TwigtheWonderkid

43,246 posts

149 months

Sunday 5th July 2015
quotequote all
Ekona said:
CU80 for using a mobile? That must be up there with TS10 in terms of something insurers consider a big risk.
Worse. You can go thru a red light by mistake, at a complex junction you aren't familiar with. You cannot use a hand held phone in error. You make a deliberate decision to do it.

ikarl

3,730 posts

198 months

Sunday 5th July 2015
quotequote all
Osinjak said:
I didn't know what CU80 stood for so looked it up but also found a code DD90 for 'Furious Driving.'
I think dd90 is only issued in the Isle of Man....kinda makes me wanna live there hehe

Devil2575

13,400 posts

187 months

Sunday 5th July 2015
quotequote all
Ekona said:
CU80 for using a mobile? That must be up there with TS10 in terms of something insurers consider a big risk.
I thought you meant the postcode for a moment there! At the height of the 90s when car theft was a big problem Ts10 postcodes were a bit bad for insurance biggrin

Aretnap

1,643 posts

150 months

Sunday 5th July 2015
quotequote all
ikarl said:
Osinjak said:
I didn't know what CU80 stood for so looked it up but also found a code DD90 for 'Furious Driving.'
I think dd90 is only issued in the Isle of Man....kinda makes me wanna live there hehe
If it was only issued on the IOM there would be no need for the DVLA to have an offence code for it.

It's an old Victorian offence (predating the internal combustion engine) which applies to "causing bodily injury by wanton or furious driving". As it's not restricted to a road or other public place like it does still occasionally get used to deal with people who cause serious harm by driving like knobs in non-public places.

Added - here it is http://www.legislation.gov.uk/ukpga/Vict/24-25/100...

Edited by Aretnap on Sunday 5th July 20:57

maurauth

749 posts

169 months

Sunday 5th July 2015
quotequote all
HUFC said:
Well how much do you think is fair for a 21 year old student in an average post code with 6 points from 2013 and 3 years no claims on an mx5?

I've had an MGF so it being rwd isn't a problem
My cheapest ever insurance was on a Mk3 MX-5 2.0i at around 20 with only 1 year NCB and a clean licence held for 2 years living in a very low-risk postcode as a student + part time work with a Larini exhaust declared.

It was about £650ish so I'd think what you're being offered is fair considering the 6 points!

maurauth

749 posts

169 months

Sunday 5th July 2015
quotequote all
TwigtheWonderkid said:
Worse. You can go thru a red light by mistake, at a complex junction you aren't familiar with. You cannot use a hand held phone in error. You make a deliberate decision to do it.
Or moving out of the way of an ambulance!

maurauth

749 posts

169 months

Sunday 5th July 2015
quotequote all
Also, I wouldn't bet £1k of my own money on a 21 year old with 6 points not having any accidents totalling more than £1k after all costs in a year.

It's not exactly a Ferrari but my MX-5 wasn't the most reassuring drive in the snow we had a few years back, but I'm sure you're a more sensible 20yo than I was and didn't try to just run T1Rs all year round that were practically slicks.

I dunno about the rest of you but doesn't seem worth a gamble to me, so you should probably be pleased the ins co will take those odds!