Garage - Drive - Road
Discussion
How does this work then ?
I've just re insured both my cars, and I playing about on comparison sites, changing various things. I changed the thing about where do you keep the car at night. I would have through Garage would be cheapest, then my driveway, and finally keeping it on the road.
But no ! For both cars, it came out cheaper if I keep them on the road at night, then my drive and finally tucked up, out of site, in my garage. How does that work then ?
I've just re insured both my cars, and I playing about on comparison sites, changing various things. I changed the thing about where do you keep the car at night. I would have through Garage would be cheapest, then my driveway, and finally keeping it on the road.
But no ! For both cars, it came out cheaper if I keep them on the road at night, then my drive and finally tucked up, out of site, in my garage. How does that work then ?
hornbaek said:
I am insured with Chubb and they actually require that the vehicles are garaged.
In the past I've had classic policies ( not on my Aston ) and I too had to garage it at night. I even had to provide a photo of it in my garage to proof it was indeed garaged. So that's why I assumed being garaged would be less of a risk than one my drive or the road. Quite simple.
Insurance used to be bordering on a profession. Risk was calculated according to each insurers past claims experience, and common sense was taken into account.
The first company to break the mould was Direct Line. They made full use of the developing computer systems of the time, and introduced much more competition into the market.
Wind on to today. - Manic competition, minimal profits, call centres with a huge staff turnover of people reading scripts. Prices sometimes vary by the hour, depending upon sales targets. Clearly customer loyalty is now ignored, because often you will be charged more to renew a policy, than if you are a new customer
In other words, it has become a Del Boy industry.
Apparently, there are now 'kick backs' to insurers, from all manner of people. Even, we were told recently by a TV programme, paint manufactures for a repairer to use a certain brand of paint.
If you tick 'kept in the road' to produce the lower premium, I wonder if they might then turn down a claim, because they discovered it was regularly garaged. Complete madness. In the case of vehicle theft, are we not told today, that a large proportion involve the initial theft of keys, because security is so much better?
If your children ask for career advice in the services sector, steer them towards accountancy rather than insurance.
End of sermon.
Insurance used to be bordering on a profession. Risk was calculated according to each insurers past claims experience, and common sense was taken into account.
The first company to break the mould was Direct Line. They made full use of the developing computer systems of the time, and introduced much more competition into the market.
Wind on to today. - Manic competition, minimal profits, call centres with a huge staff turnover of people reading scripts. Prices sometimes vary by the hour, depending upon sales targets. Clearly customer loyalty is now ignored, because often you will be charged more to renew a policy, than if you are a new customer
In other words, it has become a Del Boy industry.
Apparently, there are now 'kick backs' to insurers, from all manner of people. Even, we were told recently by a TV programme, paint manufactures for a repairer to use a certain brand of paint.
If you tick 'kept in the road' to produce the lower premium, I wonder if they might then turn down a claim, because they discovered it was regularly garaged. Complete madness. In the case of vehicle theft, are we not told today, that a large proportion involve the initial theft of keys, because security is so much better?
If your children ask for career advice in the services sector, steer them towards accountancy rather than insurance.
End of sermon.
Edited by Jon39 on Monday 14th January 15:04
Jon39 said:
If your children ask for career advice in the services sector, steer them towards accountancy rather than insurance.
I'd love to work in the insurance industry - just look at Nick. All he does is travel from pub to pub and occasionally goes into work when he can be bothered. That sounds like the sort of job for me 
If your car is parked on the road then a potential thief does not necessarily know 100% which house the keys are kept in, and therefore would find it harder to steal without the keys. (according to insurance statistics).
If your car is kept on the drive then it is obvious which house the keys are kept in and potentially an easier target then the above. (again, according to insurance statistics).
If your car is in the garage you have the same potentially 'easy' target with regard knowing which house has the keys, but with the added cost of a damaged garage to add to the insurance claim. (Again, according to insurance statistics).
Hence the garage is the most expensive, then driveway, then on the road.
If your car is kept on the drive then it is obvious which house the keys are kept in and potentially an easier target then the above. (again, according to insurance statistics).
If your car is in the garage you have the same potentially 'easy' target with regard knowing which house has the keys, but with the added cost of a damaged garage to add to the insurance claim. (Again, according to insurance statistics).
Hence the garage is the most expensive, then driveway, then on the road.
Jon39 said:
Prices sometimes vary by the hour, depending upon sales targets.
That could be true, because when I went back to a company's site for my other car last week, it had gone up £50. Then I put all my details back into Meerkat and the price was then slightly lower - so I took that.Jon39 said:
If you tick 'kept in the road' to produce the lower premium, I wonder if they might then turn down a claim, because they discovered it was regularly garaged. Complete madness.[/footnote]
I wondered that. I've actually said my Aston is in the garage (which it is) and my Clio is on the drive (again, because it is).
I wondered that. I've actually said my Aston is in the garage (which it is) and my Clio is on the drive (again, because it is).
These days, opportunists thieves can't easily steal cars without its keys. If you had to guess, which is the least risky?
1. Parking your car on your driveway - thieves will know where the keys are likely to be; or
2. Parking you car on the street - thief has no idea which house to break into to steal the keys; or
3. Parking you car in a locked garage - thief has to break into your house to steal the keys and find a way to get the garage open.
I suspect some insurers think the garage is best while some others think leaving it on the street is but leaving it on the street does pose other risks such as vandalism.
1. Parking your car on your driveway - thieves will know where the keys are likely to be; or
2. Parking you car on the street - thief has no idea which house to break into to steal the keys; or
3. Parking you car in a locked garage - thief has to break into your house to steal the keys and find a way to get the garage open.
I suspect some insurers think the garage is best while some others think leaving it on the street is but leaving it on the street does pose other risks such as vandalism.
snuffy said:
That could be true, because when I went back to a company's site for my other car last week, it had gone up £50. Then I put all my details back into Meerkat and the price was then slightly lower - so I took that.
The price also varies depending on the policy start date, the further in advance you do the quote the better the price. It can make a surprising difference if you are doing a quote and put the policy start date in 30 days time and then change it to starting this afternoon.George29 said:
I'd love to work in the insurance industry - just look at Nick. All he does is travel from pub to pub and occasionally goes into work when he can be bothered. That sounds like the sort of job for me
yeti said:
Nick insures things you don't even realise need insuring... And for staggering values.
Hence staggering home every night
Afternoon gits. I am indeed working today Hence staggering home every night
My Chubb policy has a Garaged Exclusion which states that they will NOT cover any theft, fire or vandalism occurring between the hours of 10pm and 6am and within 0.5 miles of my home address (except my designated home address garage).
I assume this means that if I park my car overnight anywhere except my garage, within 0.5 miles of my house - on my head be it!
I assume this means that if I park my car overnight anywhere except my garage, within 0.5 miles of my house - on my head be it!
jamesc12 said:
My Chubb policy has a Garaged Exclusion which states that they will NOT cover any theft, fire or vandalism occurring between the hours of 10pm and 6am and within 0.5 miles of my home address (except my designated home address garage).
I assume this means that if I park my car overnight anywhere except my garage, within 0.5 miles of my house - on my head be it!
That's the kind of thing I've had before as well.I assume this means that if I park my car overnight anywhere except my garage, within 0.5 miles of my house - on my head be it!
I can sort of see the argument the road being the most risky, because of not knowing where the keys are.
But, what about vandalism ? It's much more likely to be damaged (especially if you have a car that's big and shiny) parked on the road then in your garage.
Also, if it's out of sight, no one knows it's there, so the argument about it being easier to steal because you need the keys is a bit tenuous.
But, what about vandalism ? It's much more likely to be damaged (especially if you have a car that's big and shiny) parked on the road then in your garage.
Also, if it's out of sight, no one knows it's there, so the argument about it being easier to steal because you need the keys is a bit tenuous.
Jon39 said:
Damage claims are far more numerous than theft.
Does the order now reverse?
More numerous I'm sure, but they cost the insurance company less, therefore less risk. All this is generalized, in certain areas where vandalism is high I expect the insurance would be higher if you selected 'car parked on road'.Does the order now reverse?
Although out of sight means out of mind to most people, I'm sure the local undesirables will be happy to snoop around your drive and peer in your garage window, or even stake out your house to find out what you keep in the garage.
We can all um and ah about why it costs more, but if the premium rises from changing a quote parameter it must be because the changed parameter (overall/generally etc) costs the insurance company more.
Everyones circumstances are individual though and the general rules may not apply, in which case they will seem completely bizarre.
Gassing Station | Aston Martin | Top of Page | What's New | My Stuff