Discussion
Quattr04. said:
For the same reason any car can be more to insure
More of them,more of them crashed, harder to get parts, they type of people driving them and the amount of accidents they’re in
Probably the same reason it was cheaper for me to insure a 2.0T Volvo s60 than a 1.0 Vauxhall Corsa
I guess, that is mad but know what you mean. I guess they think that people with old A4 b7's are generally the sensible type than the Golf gttdi type.More of them,more of them crashed, harder to get parts, they type of people driving them and the amount of accidents they’re in
Probably the same reason it was cheaper for me to insure a 2.0T Volvo s60 than a 1.0 Vauxhall Corsa
StuA9 said:
I guess, that is mad but know what you mean. I guess they think that people with old A4 b7's are generally the sensible type than the Golf gttdi type.
They don't "think", that A4 buyers are more sensible, they actually have the statistics to back it up, hence the difference in price.I would imagine there is very little "thinking" going on in insurance, it's all based on statistics and probabilities which when you plug in all the criteria, spits out a number.
Olivergt said:
They don't "think", that A4 buyers are more sensible, they actually have the statistics to back it up, hence the difference in price.
I would imagine there is very little "thinking" going on in insurance, it's all based on statistics and probabilities which when you plug in all the criteria, spits out a number.
Spot on - you don't have meetings of actuaries where they have discussions like 'Right, how much are we going to charge 2006 Golf Tdi drivers?' 'Hmmm I see a few of those driven by oiks round my way, you know the sort that drive around with their hoods up, I reckon we should charge them a fair bit' 'Right OK then we'll rinse the Golf drivers, now, what about 2005 Audi A4s?' 'Oh I reckon they'll attract a slightly better sort, so still charge a fair bit but less than the Golf', 'Good stuff. Next - what do think about jockeys?' 'Can't stand the little horsey bI would imagine there is very little "thinking" going on in insurance, it's all based on statistics and probabilities which when you plug in all the criteria, spits out a number.
ds, we'll rip them right off and use the extra to give a discount to vicars'. Roger Irrelevant said:
Spot on - you don't have meetings of actuaries where they have discussions like 'Right, how much are we going to charge 2006 Golf Tdi drivers?' 'Hmmm I see a few of those driven by oiks round my way, you know the sort that drive around with their hoods up, I reckon we should charge them a fair bit' 'Right OK then we'll rinse the Golf drivers, now, what about 2005 Audi A4s?' 'Oh I reckon they'll attract a slightly better sort, so still charge a fair bit but less than the Golf', 'Good stuff. Next - what do think about jockeys?' 'Can't stand the little horsey bds, we'll rip them right off and use the extra to give a discount to vicars'.
That last bit about jockeys made me laugh. ds, we'll rip them right off and use the extra to give a discount to vicars'. Josemartinez said:
Roger Irrelevant said:
Spot on - you don't have meetings of actuaries where they have discussions like 'Right, how much are we going to charge 2006 Golf Tdi drivers?' 'Hmmm I see a few of those driven by oiks round my way, you know the sort that drive around with their hoods up, I reckon we should charge them a fair bit' 'Right OK then we'll rinse the Golf drivers, now, what about 2005 Audi A4s?' 'Oh I reckon they'll attract a slightly better sort, so still charge a fair bit but less than the Golf', 'Good stuff. Next - what do think about jockeys?' 'Can't stand the little horsey bds, we'll rip them right off and use the extra to give a discount to vicars'.
That last bit about jockeys made me laugh. ds, we'll rip them right off and use the extra to give a discount to vicars'. Pica-Pica said:
Inbox said:
The way premiums get calculated is so opaque (you can prove almost anything with statistics) I really wouldn't be surprised if there was an element of truth in that.
You really believe insurers can afford to be so cavalier and go against the figures?
They will all have different slightly different. models, data-sets to work from and different approaches to how to price risks for which they have limited data, but ultimately insurers live or die by the accuracy of their statistical models. They can't afford to under-estimate risk for obvious reasons, but since insurance is so competitive they also can't afford to over-estimate them for customers they actually want. They neither know nor care why a particular car, or particular area or whatever has a higher or lower risk than another; they just care that it does.
kambites said:
Pica-Pica said:
Inbox said:
The way premiums get calculated is so opaque (you can prove almost anything with statistics) I really wouldn't be surprised if there was an element of truth in that.
You really believe insurers can afford to be so cavalier and go against the figures? They will all have different slightly different. models, data-sets to work from and different approaches to how to price risks for which they have limited data, but ultimately insurers live or die by the accuracy of their statistical models. They can't afford to under-estimate risk for obvious reasons, but since insurance is so competitive they also can't afford to over-estimate them for customers they actually want. They neither know nor care why a particular car, or particular area or whatever has a higher or lower risk than another; they just care that it does.
And of course they don't care, the customer will always pay! What choice do they have.
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