Car insurance...you gotta love it....

[MonTheF1sh]

So renewal comes through and off I go to do the normal price checks and this year I'm told....

£120 extra for non standard alloys that are worth 200 quid....
£45 extra if I declare it lives in a locked garage over night rather than on the drive.

Overall up by a third with no changes to the policy.

I'm in the Wong game here...


.....rant over, thanks for your time

[BDR529]

This rant was rubbish. 0/10

[HBFS]

Just because YOU can't see the logic on it doesn't mean that it doesn't make sense.
Insurers have lots of statistics to support the premiums they charge, so they're charging more because it's a greater risk to them.

I found the same, but I see it as saving £200 by not parking in the garage or on the driveway.

[MarkRSi]

MonTheF1sh said:

I'm in the Wong game here...

Now you see, statistically, if you make a spelling mistake like that it means you're 30% more likely to submit a claim in the next year.

Statistics never lie.

[ZakTroy]

HBFS said:

Just because YOU can't see the logic on it doesn't mean that it doesn't make sense.
Insurers have lots of statistics to support the premiums they charge, so they're charging more because it's a greater risk to them.

I found the same, but I see it as saving £200 by not parking in the garage or on the driveway.

That's just stupid. To even try and deny that the consumers are being screwed.

[samdale]

People try to get into garages and miss. (or hit depending on your view point)

Scallywags who put massive alloys on a poverty spec corsa and drive it like a ferrari are more likely to crash.

HTH

[Nedzilla]

An extra £120 for different wheels is a fking piss take.

[MonTheF1sh]

samdale said:

People try to get into garages and miss. (or hit depending on your view point)

Scallywags who put massive alloys on a poverty spec corsa and drive it like a ferrari are more likely to crash.

HTH

Hadn't thought about hitting the car on the way in...just thought it would be safer off the drive hidden away but good point.

Not a corsa just some replacement ones for the TT as the old ones were curbed by my over zealous boss 2 days into ownership

[forzaminardi]

The thing I've never quite got is how if I put my mum on the policy as a named driver (and no, I'm not 19, I'm 3-sodding-6!), I get a £12ish discount. What's that all about? Apart from the fact that, my mum is a fairly useless driver, surely the way of guaranteeing she WON'T have an accident in my car and therefore make me have to make a claim is by having her NOT drive my car, not inviting her to do so.

[Magic919]

Did he curb their enthusiasm?

[richtea78]

I was told apart from crashing on entry/exit garaging makes it easier for a thief to work on the car in private without being disturbed so that increases the theft portion

[MonTheF1sh]

MarkRSi said:

Now you see, statistically, if you make a spelling mistake like that it means you're 30% more likely to submit a claim in the next year.

Statistics never lie.

2 wongs don't make a right.....iPads aren't the best for typing fast

[HBFS]

ZakTroy said:

That's just stupid. To even try and deny that the consumers are being screwed.

No, its logic.

The guy is a greater risk, so the insurance company charge more.

If you take it to extremes, wouldn't you want to charge someone more on their policy if they where upgrading from a 1.2 litre engine to a 4.2?
According to insurers changing the alloys on a vehicle is a greater risk, and frankly I can see why. A lot of people I see driving with non standard alloys drive like tts.

[MonTheF1sh]

HBFS said:

No, its logic.

The guy is a greater risk, so the insurance company charge more.

If you take it to extremes, wouldn't you want to charge someone more on their policy if they where upgrading from a 1.2 litre engine to a 4.2?
According to insurers changing the alloys on a vehicle is a greater risk, and frankly I can see why. A lot of people I see driving with non standard alloys drive like tts.

Just for those interested that was an increase of over a third.

[Nedzilla]

richtea78 said:

I was told apart from crashing on entry/exit garaging makes it easier for a thief to work on the car in private without being disturbed so that increases the theft portion

This is actually correct! For the best quote tell them it is parked on the driveway overnight even if you intend to garage it.Even leaving it parked on a main road is cheaper than putting it in the garage

[frosted]

HBFS said:

Just because YOU can't see the logic on it doesn't mean that it doesn't make sense.
Insurers have lots of statistics to support the premiums they charge, so they're charging more because it's a greater risk to them.

I found the same, but I see it as saving £200 by not parking in the garage or on the driveway.

The insurers don't care how high their premiums are if you have any choice, people have to drive

[TwigtheWonderkid]

frosted said:

The insurers don't care how high their premiums are if you have any choice, people have to drive

Very few people have to drive, most just think they have to drive. If you got epilepsy tomorrow and they took your licence off you, you'd get by. Might be an inconvenience, but you'd manage.

And insurers do care how high their premiums are, because they're in competition with each other. Your statement is like saying supermarkets don't care how much food costs people have got to eat. But the supermarkets have to survive in a competitive market.

Derrrr!!!