Insurance price with my wife added to policy
Discussion
One of my best mates is a greenkeeper and adding him to my policy reduces my insurance so he's been on there for years. It actually came in handy once weirdly when he was able to drive one of my cars fully comp on my policy rather than 3PO on his own policy.
Edited by Funk on Sunday 14th August 12:02
Funk said:
One of my best mates is a greenkeeper and adding him to my policy reduces my insurance so he's been on there for years. It actually came in handy once, weirdly when he was able to drive one of my cars fully comp on my policy rather than 3PO on his own policy.
Doesn't seem good business sense does it?Electrics not for me said:
Why exactly is it that insurers are happy to reduce the cost of my premium on my BMW M340D and Honda S2000 if i simply add her name? She is never ever going to drive the S2000 as she hates the thing and hasn't driven the BMW yet and likely won't as she has her own Juke Nismo RS which she much prefers.
What's the thinking in making it cheaper for a driver, who, by her own admission, would be less safe than me in the Honda because of the nature of the car?
They don't know you, or your wife, from stray dogs in the street. It's not about you, but the groups you fall into. Their stats tell them that all other factors being equal, 100 policies sold to people requesting husband and wife cover will produce fewer claims than 100 policies sold to people requesting insured only driving. What's the thinking in making it cheaper for a driver, who, by her own admission, would be less safe than me in the Honda because of the nature of the car?
It's really that simple.
Also, I suspect that you're wife, being unhappy driving the S2000 and probably a lot more cautious and slower as a result, would be a lot less likely to crash it than you would.
Electrics not for me said:
Funk said:
One of my best mates is a greenkeeper and adding him to my policy reduces my insurance so he's been on there for years. It actually came in handy once, weirdly when he was able to drive one of my cars fully comp on my policy rather than 3PO on his own policy.
Doesn't seem good business sense does it?I found that a multi-bike insurance policy was cheaper if I put commuting on two of the bikes instead of one.
I'd only asked about it because I thought it might be nice to occasionally take a 22 year old Ducati into work, it also went down a bit when I increased the annual mileage allowance.
The pickup policy didn't change when I added my wife though.
No idea.
I'd only asked about it because I thought it might be nice to occasionally take a 22 year old Ducati into work, it also went down a bit when I increased the annual mileage allowance.
The pickup policy didn't change when I added my wife though.
No idea.
It's all stats based at the end of the day.
They'll see in their data that a policy with an elderly woman on it is x % less likely to claim, simple as that.
I've always included my dad, still do and I'm 35!
Another interesting one is fully comp vs. third party. I find it'd usually cheaper to go fully comp. Presumably because statically people who only do third party care less about their car and are more likely to have accidents or other claims.
They'll see in their data that a policy with an elderly woman on it is x % less likely to claim, simple as that.
I've always included my dad, still do and I'm 35!
Another interesting one is fully comp vs. third party. I find it'd usually cheaper to go fully comp. Presumably because statically people who only do third party care less about their car and are more likely to have accidents or other claims.
1 Do I have to declare this claim when I renew cover on my vehicle?
2 Would removing 'er from the policy on my vehicle reduce the cost or increase it?
Daimler, Irrespective of whether same company insured both cars or not ,I would suggest answer to first question is yes.
No idea to the second one but the third option could be no change in premium if you leave her on.
Assuming you still want her on obviously !
2 Would removing 'er from the policy on my vehicle reduce the cost or increase it?
Daimler, Irrespective of whether same company insured both cars or not ,I would suggest answer to first question is yes.
No idea to the second one but the third option could be no change in premium if you leave her on.
Assuming you still want her on obviously !
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