Insurance randomness - less expensive for unexpected reasons
Discussion
I can tell what you're thinking - "oh dear, not another thread about insurance getting more expensive unexpectedly".
Well, this isn't that thread.
I'm trying to figure out whether or not to take a new company car. I figured it might be a good idea to know what insurance costs are like these days, since the last time I had to insure a car was nearly 4 years ago.
I've been playing on a large insurer's website (not sure if I'm allowed to say which one, suffice to say the name is related to a large land mammal).
Things found so far:
I'd have thought being married, parking an immobilised car with a tracker in a garage was the cheapest combination, but it's one of this companies' most expensive combinations.
Most odd to me. Anyone else found this?
C
Well, this isn't that thread.
I'm trying to figure out whether or not to take a new company car. I figured it might be a good idea to know what insurance costs are like these days, since the last time I had to insure a car was nearly 4 years ago.
I've been playing on a large insurer's website (not sure if I'm allowed to say which one, suffice to say the name is related to a large land mammal).
Things found so far:
- It's cheaper to be cohabiting than single, and cheaper to be single than married.
- It's cheaper to park on a driveway than the street, and cheaper to park on the street than in a garage.
- It's cheaper to have no immobiliser or tracker on the car than to have them fitted.
I'd have thought being married, parking an immobilised car with a tracker in a garage was the cheapest combination, but it's one of this companies' most expensive combinations.
Most odd to me. Anyone else found this?
C
Insurance rating factors are not usually 1 dimensional, i.e. you don't just have "multiple by 0.2354 if your car is on the street".
It will probably be a combination of postcode, age and garaged field.
So for whatever reason, the combination of factors give rise to a lower claim cost. Could be a lot of multi car families, where the less used "local" car is on the road ? Who knows.
It will probably be a combination of postcode, age and garaged field.
So for whatever reason, the combination of factors give rise to a lower claim cost. Could be a lot of multi car families, where the less used "local" car is on the road ? Who knows.
I don't understand the whole milage thing. I could put that I do 1000miles a year yet they wouldn't know the difference if I did 50000. They don't ask for the cars mileage or MOT certificates each year to prove milage etc.
Whats the point in asking if anyone can just say anything.
I usualy say around 7k. No idea what I actually do though.
Whats the point in asking if anyone can just say anything.
I usualy say around 7k. No idea what I actually do though.
Deluded said:
I don't understand the whole milage thing. I could put that I do 1000miles a year yet they wouldn't know the difference if I did 50000. They don't ask for the cars mileage or MOT certificates each year to prove milage etc.
Whats the point in asking if anyone can just say anything.
I usualy say around 7k. No idea what I actually do though.
Until such time as you write off your car, then then inspecting engineer goes "blimey, this car is a bit leggy" then a loss adjuster goes back over all the MOT certs and service records. And it turns out you run a minicab business. Whats the point in asking if anyone can just say anything.
I usualy say around 7k. No idea what I actually do though.
Deluded said:
I don't understand the whole milage thing. I could put that I do 1000miles a year yet they wouldn't know the difference if I did 50000. They don't ask for the cars mileage or MOT certificates each year to prove milage etc.
Whats the point in asking if anyone can just say anything.
I usualy say around 7k. No idea what I actually do though.
Ah, I said this to my dad and he replied "but they could ask to see it in the event of an accident."Whats the point in asking if anyone can just say anything.
I usualy say around 7k. No idea what I actually do though.
You want to see some real anomalies?
My Noble was £18 cheaper than my Eunos Roadster to insure and £190 less than my Focus RS.
Deluded said:
I don't understand the whole milage thing. I could put that I do 1000miles a year yet they wouldn't know the difference if I did 50000. .....
Ah - here's one that rings a bell.As a keen motorcyclist, but not having a death-wish, I do a bit of reading up on accidents.
The figures appears pretty clear that higher mileage motorcyclist have less accidents than lower mileage one. It therefore WOULD make sense (for bike insurance at least) to charge more for lower mileage users and less for high mileage riders.
Bike figure may not equate well to 4 wheels, as they are affected by the inexperienced, sport-bike types who come out on Sunday mornings and demonstrate that bikers don't need card drivers to knock them off, all they need is a corner.
balls-out said:
Bike figure may not equate well to 4 wheels, as they are affected by the inexperienced, sport-bike types who come out on Sunday mornings and demonstrate that bikers don't need card drivers to knock them off, all they need is a slippery fart.
EFA 
I've found insurance odd this year. Was £780 for parking my car in a secure underground garage...£730 for parking my car in a 'residential area'.
RIIIIIGHT.
A205GTI said:
also tick yes to access to another car that helps.
Bingo!Just saved me £95, thank you very much!!
I do use another car, never really decided how much counts as regular, but I think I use it enough to be able to check that box so hey, thank you very much!!
New insurance due on Saturday and it just went down from £1600 to £1505
Edited by Shmee on Tuesday 16th November 10:34
The last time I was looking at prices the interesting thing that struck me was the variation across different engine sizes. Off the top of my head, for an E46 BMW:
320i - £650
323i - £670 (ish)
325i - £1050
328i and 330i = £700
Maybe a lot of people bought 325i's and slid them into lamp posts.
320i - £650
323i - £670 (ish)
325i - £1050
328i and 330i = £700
Maybe a lot of people bought 325i's and slid them into lamp posts.
When I queried the higher cost for Garage parking they said that they get more claims from people hitting the wall or scraping a door etc. I did ask whether having a double width door helped to mitigate the risk but it didn't. I also asked of another associated insurer this year whether a Tracking device would reduce my premium much and it did by about £6.
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