Lightbulb Devices to decrease insurance costs
Discussion
406highlander said:
The one that annoys me the most is "profession".
What does my profession have to do with how much of a risk I have of crashing, UNLESS I happen to use the vehicle to perform my job (i.e. taxi driver, courier, etc)?
Profession has a large part to play in setting premiums. There are occupations where you are pretty sheltered, respectable and sedate - accountants/admin. There are the higher risk occupations for drink driving - pub landlords, licenced restaurant staff. There are the higher risk occupations through personal injury for musicians, pop stars etc. And some occupations which we consider to be respectable but have really high claims rates such as doctors and surgeons.What does my profession have to do with how much of a risk I have of crashing, UNLESS I happen to use the vehicle to perform my job (i.e. taxi driver, courier, etc)?
Whilst we harp on about the car, the address etc what we forget is that the biggest % of most claims boils down to personal injury.
406highlander said:
The one that annoys me the most is "profession".
What does my profession have to do with how much of a risk I have of crashing, UNLESS I happen to use the vehicle to perform my job (i.e. taxi driver, courier, etc)?
See what Kambites said up the thread. The huge amount of data collated by insurers shows that profession does have a statistically significant impact on how much they are likely to pay out in claims. Exactly why this is is open to debate but all insurers really care about is what the numbers tell them; they don't do it just to be nasty to pub landlords or journalists, or because they like teachers.What does my profession have to do with how much of a risk I have of crashing, UNLESS I happen to use the vehicle to perform my job (i.e. taxi driver, courier, etc)?
CS Garth said:
Why bother lying about the address - why not lie about the car, your licence record and indeed age?
What pi$$es me off is that insurance costs are pushed up by chav types who do precisely this - lying about your details is only one up from having no insurance in my book.
Buy the car, give em your details and pay the man. End off.
It's not one step away. It's on the same level. Insurance is invalid if you're being fraudulent. What pi$$es me off is that insurance costs are pushed up by chav types who do precisely this - lying about your details is only one up from having no insurance in my book.
Buy the car, give em your details and pay the man. End off.
It always amazes me when people think insurance companies will just honour claims automatically without due diligence. I've warned a few people about this and they think they know it all. Yeah... you'll know it all when you owe the leasing company 20k for that Audi A3 that is now in a breakers yard.
CS Garth said:
406highlander said:
The one that annoys me the most is "profession".
What does my profession have to do with how much of a risk I have of crashing, UNLESS I happen to use the vehicle to perform my job (i.e. taxi driver, courier, etc)?
There can be a significant difference in premiums between certain types of employment. That hardly seems fair if the only work-related use I may have for my car is to drive it to my place of work, in which case it should just be covered by the "Social Domestic and Pleasure including Commuting" category.
I reckon it should be compulsory for every insurance policy to state the exact formula and workings used to calculate their premiums, so that people who are paying for insurance can see exactly why the policy costs as much as it does.
I can understand this but the simple fact is that different types of professions do have different claim rates. Accountants are generally safer than professional entertainers for example. In the absence if everyone having a black box they have to distinguish somehow. I'm not apologist for the insurance industry not do I work within it but until someone proposes a better system that's how it will workWhat does my profession have to do with how much of a risk I have of crashing, UNLESS I happen to use the vehicle to perform my job (i.e. taxi driver, courier, etc)?
There can be a significant difference in premiums between certain types of employment. That hardly seems fair if the only work-related use I may have for my car is to drive it to my place of work, in which case it should just be covered by the "Social Domestic and Pleasure including Commuting" category.
I reckon it should be compulsory for every insurance policy to state the exact formula and workings used to calculate their premiums, so that people who are paying for insurance can see exactly why the policy costs as much as it does.
antigon said:
Area - a car in Hackney is going to be more expensive than a car in Yorkshire dales. The idea is to play around with policy addresses if you have parents/relatives. My brother in law has his policy at my house but his car is "kept" at his house in Manchester. Reduced premiums by circa £1k.
He's an idiot.Don't be an idiot like him.
Edited by Funk on Monday 16th November 23:04
crofty1984 said:
Surely it's not if you're completely honest? Like if you go to uni, keep the car there but it's not worth having to redirect the correspondence so you keep it going to your parents. But tell your insurer it's kept at your uni address of course.
This is why they ask where car is kept overnight.As I said in my earlier post our company owned & insured cars, business based in Hertfordshire, are not there overnight so they want to know where our staff live & obviously calculate our premium accordingly.
300bhp/ton said:
I don't think this is actually the case. You may have multiple homes or houses. So the car might be kept at any of them. And you don't have to have a policy for each house.
I'm sure insurers will ask the question "where is the car usually kept/parked overnight" or similar. Which is a very different question from where you live.
I'm sure insurers will ask the question "where is the car usually kept/parked overnight" or similar. Which is a very different question from where you live.
crofty1984 said:
Surely it's not if you're completely honest? Like if you go to uni, keep the car there but it's not worth having to redirect the correspondence so you keep it going to your parents. But tell your insurer it's kept at your uni address of course.
Hence why I said using a different address to negate the premium. It's approximately £500 cheaper to insure my car at my parents address than my central London address, despite the fact I still have some critical post sent to my parents' address, my car is at my London address most of the year and insuring it at my parents' address would be deliberately disingenuous.This is bloody obvious unless you're deliberately trying to argue?
Fastdruid said:
Is that fraud? If you have a policy (ie a correspondence) address differing from where you live (and there are valid reasons for that) but honestly state where the car is normally kept overnight and during the day?
Honest question, not trolling. To my mind that isn't, same as a policyholder who is not the main driver and a named younger driver declared as the main driver isn't fronting.
Correspondence address and garaging/overnight address are almost always two different questions and can accept different answers. Honest question, not trolling. To my mind that isn't, same as a policyholder who is not the main driver and a named younger driver declared as the main driver isn't fronting.
Whenever I've got quotes they've explicitly asked where the car will usually be kept overnight. Judging by this thread and the other one the OP started - http://www.pistonheads.com/gassing/topic.asp?h=0&a... - it's yet another troll account that's slipped through the net.
eldar said:
-Z- said:
Pfft, I just insure the M5 as a 520d, much easier.
Economise properly, don't bother with insurance! caelite said:
Hah. You joke but Ive had a mate who goes on the rule "Ill get insurance when Im older and its cheaper". He's been doing it for 2 years and hasnt been caught once. Aparently when he gets his next car and turns 21 he's gonna get it insured.
I hope by "I've had a mate" it means you informed the police, he was caught/prosecuted and you no longer associate with him.Depending on the age of the driver Pass Plus and other accredited advanced driving courses help get a discount.
aka_kerrly said:
caelite said:
Hah. You joke but Ive had a mate who goes on the rule "Ill get insurance when Im older and its cheaper". He's been doing it for 2 years and hasnt been caught once. Aparently when he gets his next car and turns 21 he's gonna get it insured.
I hope by "I've had a mate" it means you informed the police, he was caught/prosecuted and you no longer associate with him.Depending on the age of the driver Pass Plus and other accredited advanced driving courses help get a discount.
king retard".406highlander said:
The one that annoys me the most is "profession".
This is the one area on my policies where I always "bend the truth" TBH.For 10 years I've been in the British Army as an aircraft technician, working on helicopters.
Every year I have the option of putting "Soldier, Forces UK" or "Aircraft Engineer, UK Government". As you can imagine the latter gives consistently lower premiums (sometimes a litle, sometimes a lot. Depends on the car) and is a trick myself and many others at work always use.
Que the clip-clop sound of high horses arriving at my door. But it's not lying and IMO gives the insurer a more accurate assessment of the risk.
I had a woman drive into the back of me in 2011 and nothing was mentioned in the two years (YES!) it took to sort, even when I attended court in uniform as I had to take time out of work.
Edited by JordanTurbo on Tuesday 17th November 07:18
So I've got a very safe profession and live in a quiet part if the country ( floods excluding ) but have business use on my policy and a annual mileage of 25,000 declared. Reckon it adds about £100 to the policy. Parked in drive at home but the car spends several nights a week outside hotels and offices in big cities - Manchester / Glasgow
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