Login | Register
SearchMy Stuff
My ProfileMy PreferencesMy Mates RSS Feed
2
Reply to Topic
Author Discussion

Rude-boy

Original Poster:

17,907 posts

113 months

[news] 
Monday 11th March 2013 quote quote all
Top 10 motoring convictions followed by the % increase in car insurance premium after conviction and showing how much car insurance increased by after conviction:-


1. SP30 - Exceeding statutory speed limit on a public road

34%

£231


2. CU80 - Use of a hand-held device whilst driving

49%

£337


3. TS10 - Failing to comply with traffic light signals

24%

£162


4. SP50 - Exceeding speed limit on a motorway

34%

£231


5. IN10 - Using a vehicle uninsured against third party risks

131%

£896


6. DR10 - Driving or attempting to drive with alcohol level above limit

115%

£782


7. CD10 - Driving without due care and attention

51%

£346


8. LC20 - Driving otherwise than in accordance with a licence

49%

£331


9. CU30 - Using a vehicle with defective tyre

69%

£471


10. SP40 - Exceeding passenger vehicle speed limit

34%

£231

Taken from:- http://www.confused.com/car-insurance/articles/top...


Interesting to note that it is considered more dangerous to speed than to run a red light...


RB Will

3,769 posts

120 months

[news] 
Monday 11th March 2013 quote quote all
A friend of mine is a few years younger than me, has had a couple of write offs and numbers 1 x 3 at least,2,5 and 7.
He still pays similar to me and I have a clean licence and no accidents. Both with the same insurer too so its not like he is hunting for a deal better than me.

CommanderJameson

22,096 posts

106 months

[news] 
Monday 11th March 2013 quote quote all
Insurers bum you most of all for not having insurance.

Well, knock me down with a feather.

speedking31

430 posts

16 months

[news] 
Monday 11th March 2013 quote quote all
Not convinced by those numbers at all. All those percentages are based on a premium of £680. Surely passenger vehicle insurance would be more expensive so SP40 should be higher increase?

I would imagine that 4. SP50 was not done often by older drivers with cheaper insurance, and therefore the average premium of someone committing that offence would be higher than CU80 where offenders cover the age range, and different to SP40.

No correlation with loss of NCD effects.

No indication whether first, second or third SP30. Not comparable to DR10 offence convictions which can only be obtained once.

Pretty useless as there is plenty of evidence of SP30’s resulting in no premium increase.

Rude-boy

Original Poster:

17,907 posts

113 months

[news] 
Monday 11th March 2013 quote quote all
speedking31 said:
Pretty useless as there is plenty of evidence of SP30’s resulting in no premium increase.
Must say that I have no idea how useful the data is but I know how the usual suspects on here like a good figure or two to throw about.

Also the Traffic Light one sparked my attention as my secretary is currently having to deal with one of these Muppets - she says that her light was very definitely, very certainly green, someone ran the lights and hit her car and is now trying to claim it was my lady who ran the lights... (If you met my secretary you'd know that a) she is very competent behind the wheel, b) double checks everything (it's almost like an OCD with her and one of the reasons she's exceptional at her job) and c) in 11+ years of knowing her I've yet to hear a lie from her. I therefore believe it highly unlikely she was the one running the light).



Advertisement

snowen250

756 posts

63 months

[news] 
Monday 11th March 2013 quote quote all
I wrote a car off, then recieved a SP50 (speeding on a motorway, hence the different code i presume?) and my insurance dropped from £980 to £600. Yes i went from an E36 M3 to an Octavia VRS but even so i was a tad shocked.....

streaky

19,311 posts

129 months

[news] 
Monday 11th March 2013 quote quote all
For first offences only?

Across all age groups?

Among both sexes?

Nationally?

Regardless of claims history?

Irrespective of driving experience?

No matter what insurance group?

The increase for a speeding offence seems high, given anecdote that a first SP30 results in no significant increase in premium from the current insurer.

Streaky

PS - I can't verify this from personal experience. Crosses fingers and avoids walking under ladders.] - S


Devil2575

7,619 posts

68 months

[news] 
Monday 11th March 2013 quote quote all
speedking31 said:
Pretty useless as there is plenty of evidence of SP30’s resulting in no premium increase.
Is it useless?

We have anecdotal evidence of it not affecting premiums.

However this will be based on a large dataset and so more likely to reflect what people experience on average.


CaptainSlow

4,418 posts

92 months

[news] 
Monday 11th March 2013 quote quote all
Devil2575 said:
speedking31 said:
Pretty useless as there is plenty of evidence of SP30’s resulting in no premium increase.
Is it useless?

We have anecdotal evidence of it not affecting premiums.

However this will be based on a large dataset and so more likely to reflect what people experience on average.
I had two SP30s with no insurance impact.

That's the problem with handing them out like candies, everyone ignores them. It's just a revenue raising exercise.

Devil2575

7,619 posts

68 months

[news] 
Monday 11th March 2013 quote quote all
CaptainSlow said:
Devil2575 said:
speedking31 said:
Pretty useless as there is plenty of evidence of SP30’s resulting in no premium increase.
Is it useless?

We have anecdotal evidence of it not affecting premiums.

However this will be based on a large dataset and so more likely to reflect what people experience on average.
I had two SP30s with no insurance impact.

That's the problem with handing them out like candies, everyone ignores them. It's just a revenue raising exercise.
That's great but the data above indicates that on average people do see in increase in premium.

streaky

19,311 posts

129 months

[news] 
Monday 11th March 2013 quote quote all
Devil2575 said:
CaptainSlow said:
Devil2575 said:
speedking31 said:
Pretty useless as there is plenty of evidence of SP30’s resulting in no premium increase.
Is it useless?

We have anecdotal evidence of it not affecting premiums.

However this will be based on a large dataset and so more likely to reflect what people experience on average.
I had two SP30s with no insurance impact.

That's the problem with handing them out like candies, everyone ignores them. It's just a revenue raising exercise.
That's great but the data above indicates that on average people do see in increase in premium.
Based on the massive sample of ... ONE!

Article said:
The figures in the table below are based on a test quote we ran for a 30-year-old female marketing manager living in Cardiff and driving a 2003 Mini Cooper.
So that's representative, then. And includes all responses to the questions on the RFQ. hehe

Streaky

Devil2575

7,619 posts

68 months

[news] 
Monday 11th March 2013 quote quote all
streaky said:
So that's representative, then. And includes all responses to the questions on the RFQ. hehe

Streaky
This table is based on customers who obtained a car insurance quote from Confused.com between October and December 2012, with motoring convictions in the last five years prior to the date of the quote.

I read it that the average % increase was calculated from all people with convictions who had quotes in that 3 month period. The % was then applied to the sample quote to show a typical £ increase.

Assuming I have read it correctly, then it would seem that the % values are more meaningful than the £ value.

Aretnap

723 posts

31 months

[news] 
Monday 11th March 2013 quote quote all
Devil2575 said:
This table is based on customers who obtained a car insurance quote from Confused.com between October and December 2012, with motoring convictions in the last five years prior to the date of the quote.

I read it that the average % increase was calculated from all people with convictions who had quotes in that 3 month period. The % was then applied to the sample quote to show a typical £ increase.

Assuming I have read it correctly, then it would seem that the % values are more meaningful than the £ value.
I'd read it as saying that the selection of conviction codes is based on data from their actual customers - ie these 10 codes were the ones most people entered. We then asked for a quote for a hypothetical marketing manager's with each code and got these numbers...

Confused would not be able to say what the increase for each conviction code for their average consumer actually is, unless they'd taken two quotes for everybody who used their website between October and December. I suppose they might be able to say that on average someone with an IN10 conviction paid £X more than someone without one, but that would be fairly meaningless if drivers with IN10 include a disproportionately large number of young men in dodgy postcodes insuring modified Corsas, who would pay much more than an average driver even before their convictions.

Also they don't say what penalties they ascribed to each offence - a speeding conviction which got you 6 points or a 2 month ban will give you a much bigger premium hike than a 3 point/£60 job. Ditto many of the others - I would hope insurers wouldn't see a 3 point CD10 conviction (probably a minor prang at low speed) in the same light as a 9 pointer (probably a head on smash while overtaking - lucky not to be done for dangerous driving).

All in all not a very useful survey - I suspect the main motive is to get some free newspaper space for a certain website rather than to get a scientific insight into the effects of convictions on insurance premiums.

Devil2575

7,619 posts

68 months

[news] 
Monday 11th March 2013 quote quote all
Aretnap said:
I'd read it as saying that the selection of conviction codes is based on data from their actual customers - ie these 10 codes were the ones most people entered. We then asked for a quote for a hypothetical marketing manager's with each code and got these numbers...
You might be right there.

On reflection that sounds more likely.

Noger

6,994 posts

129 months

[news] 
Wednesday 13th March 2013 quote quote all
"someone in our digital marketing team spent 20 minutes knocking a blog post together in the hope it would generate some organic SEO action".

Job done it seems smile

RtdRacer

1,274 posts

81 months

[news] 
Wednesday 13th March 2013 quote quote all
CommanderJameson said:
Insurers bum you most of all for not having insurance.

Well, knock me down with a feather.
Bloody irritating that - my wife got done for it - admin oversight on my part when we renewed policy through a broker and didn't realise the 'Covers you TP for all other vehicles you don't own' had gone.

Seems unfair that it is no indicator of bad driving/more likely to crash. However, I suppose the stats will show that people who drive uninsured are also more likely to drive badly, drive when pissed, have crashes, claim off their insurance (fraudulently or not) etc etc etc

Noger

6,994 posts

129 months

[news] 
Wednesday 13th March 2013 quote quote all
It is probably a proxy for something else. Or you are getting grouped with others who we can't tell apart from you.

Again, as per the other thread, if we had a way to tell YOU (admin error, good driver type) from THEM we would do it. Then we would price you lower.

The idea that we want to charge more for everything is wrong. We want to charge the right price for the risk. But we only have so many price levers. Which is why telematics is so useful, it allows you to price the good teenager from the bad. Without it....what else is there. 18, small car, no NCD...

Nohedes

219 posts

107 months

[news] 
Wednesday 13th March 2013 quote quote all
Noger said:
"someone in our digital marketing team spent 20 minutes knocking a blog post together in the hope it would generate some organic SEO action".

Job done it seems smile
yes

Guybrush

2,647 posts

86 months

[news] 
Thursday 14th March 2013 quote quote all
Sounds like scare tactics, particularly with respect to the SP30s. One or two SP30s make no difference to premiums and probably neither do SP40s etc. Insurance companies work on risk factor to calculate premiums (obvious?) and they know just because you have exceeded what is probably a stupidly low limit, you are no more likely to crash (they know most people exceed speed limits - and I have discussed this with the owner of an insurance broker).

ging84

1,433 posts

26 months

[news] 
Thursday 14th March 2013 quote quote all
The reason there is such a skew is they have only tested it on 1 person with 1 car, it is likely that the majority of the lowest quotes still came from the same company or a very small number of companies

2
Reply to Topic