How the hell do insurers punish the victims of a crash?

[Mr2Mike]

johnpeat said:

Because they look at the overall market and then applying loadings to areas they don't really want more business from - and perhaps even discounts to areas they do want business from.

In other words the data that each insurer uses is skewed. It's great that this enables you to shop around and get the lowest price, but when you take out a policy how do you know if that same skewed data set isn't going to ream you if you make a non-fault claim?

[otolith]

r11co said:

Exactly. No link so no connection so insurers are ignorant fraudsters. Stop trying to justify their actions. You don't need to tell me how it is because I know. I'm telling you though that they are wrong - scientifically wrong.

How do you suggest would be a better way to estimate expected losses and thus set a premium?

[fandango_c]

r11co said:

Helloooooo! Knock knock. I am not disputing the stats here.....

So you agree that people who make a claim are more likely to make another claim, but don't think their premiums should reflect this?!?!?!?

Helloooooo! Knock knock. You're not making any sense.

r11co said:

fandango_c said:

There may not be a direct link between the two,

Exactly. No link so no connection so insurers are ignorant fraudsters. Stop trying to justify their actions. You don't need to tell me how it is because I know. I'm telling you though that they are wrong - scientifically wrong.

No direct link, but an indirect link. You clearly don't know how it is.