Has your insurance gone up?

[Hoofy]

Just got a renewal through.

As always, these go up.

Original price with unmodified Merc C180, £330. Renewal, £490. As expected.

As always, I shop around.

Meerkats just quoted me £360. Audi TT, same value as Merc, and that's with an exhaust and air filter. 2 years NCB.

So: hahahahahahahaha.

I was expecting over £500 for some reason what with everyone else getting crazy quotes.

Oh, was thinking of a different daily so got a quote for a GT86 and that was £400. V6 F-Type was £500. Might stick with the TT for a while.

(The 20 million year NCB is on the Porsche - last year was £250 IIRC.)

Edited by Hoofy on Tuesday 9th April 15:00

[Speed 3]

LF5335 said:

Speed 3 said:

Something is odd about older 2 seaters. My Boxster S is way cheaper to insure than our M340i or even our Seat Mii. Mate's son has just bought an MX5 at 18 which is much cheaper than his Mii. I got a quote for my 20 year old daughter to be added and it was something like £7,000 on the BMW and £550 on the Porsche. I'd have thought the risk of hitting someone was the same in both.

If you crash your car then all the passengers in the car are victims of your poor driving too and can sue you. In a two seater, that’s a maximum of one passenger, in a 4 or 5 seater that’s up to 3 or 4 passengers.

Plus as a purely random thought, I wonder how many of these 2 seaters are used as weekend toys and therefore cover fewer miles and therefore have fewer claims against them, thus making them look statistically safer. Also, the older 2 seaters are likely to need money spending on them to keep them on the road and so more likely in the hands of enthusiasts.

That was my guess, although wouldn't it be more about what you hit making personal injury claims rather than your own passengers ? Wonder what the average occupancy per journey of a 4/5 seater is anyway, I'd bet it's something like 1.5.

[LF5335]

Speed 3 said:

That was my guess, although wouldn't it be more about what you hit making personal injury claims rather than your own passengers ? Wonder what the average occupancy per journey of a 4/5 seater is anyway, I'd bet it's something like 1.5.

Your passengers, pedestrians, passengers in another car whoever, there’s no limit to how many can claim off you if you’re at fault and they were injured as a result.

[Speed 3]

LF5335 said:

Speed 3 said:

That was my guess, although wouldn't it be more about what you hit making personal injury claims rather than your own passengers ? Wonder what the average occupancy per journey of a 4/5 seater is anyway, I'd bet it's something like 1.5.

Your passengers, pedestrians, passengers in another car whoever, there’s no limit to how many can claim off you if you’re at fault and they were injured as a result.

Yes but the only difference there is the number of your passengers, the externals making a claim would be the same if you were in a 2 seater or a 7-seater.

[LF5335]

Speed 3 said:

Yes but the only difference there is the number of your passengers, the externals making a claim would be the same if you were in a 2 seater or a 7-seater.

True, I misread your comment, apologies. I don’t really know, so just guessing, I reckon it might be more to do with older 2 seaters being in the hands of enthusiasts and so lower use and fewer claims compared to the more mainstream cars of a similar age. After all, the driver who uses it for a Sunday gentle cruise, is far less likely to smash it up,than the guy using it 5-6 days a week for commuting.

[e-honda]

Monkeylegend said:

Maybe if you answered the question you have been asked more than once about your actual industry experience, if any, posters might take you a bit more seriously, assuming you have worked, or still work in the industry.

I suspect though that you will ignore the question which in itself speaks volumes.

I've never made any claims to be an expert or have any kind of inside knowledge and I don't think it's relevant what I do for a living, but for worth, I work in web analytics, many of my customers are fin tech
I have worked on car insurance price comparison websites. That is as much as I am willing to reveal about myself.

[TwigtheWonderkid]

e-honda said:

I've never made any claims to be an expert or have any kind of inside knowledge

So none then. I not sure that'll come as a surprise to anyone.

e-honda said:

That is as much as I am willing to reveal about myself.

Or what, you'll have to kill us

[TwigtheWonderkid]

e-honda said:

TwigtheWonderkid said:

No. If insurers had to do full checks on their customers claims history, dvla conviction check, criminal records check, all of which they could do, for every customer at inception, it would take time and money, more staff, and increase premiums. That's something I gather you're not keen on. Far better for them and us if they rely on the customer to tell them, so they can rate the policy, and do their checks, if they wish to, on the much smaller number of customers that have a claim. To ensure the info provided by the customer was correct.

Honestly, with all your industry experience, I'm surprised you hadn't figured this out.

Why do you always have to make it personal?
It's pathetic.
And as usual you are talking rubbish based on how things were 20+ years ago

Explain how 20 years ago my argument was valid, but today, running checks on every policyholder as opposed to those who claim, or even a random sample of those who claim, takes no more time and costs no more money.

[e-honda]

TwigtheWonderkid said:

Explain how 20 years ago my argument was valid, but today, running checks on every policyholder as opposed to those who claim, or even a random sample of those who claim, takes no more time and costs no more money.

Because 20 years ago no insurers were checking dvla or cue , it wasn't possible to do automatically now it is, many do and they aren't more expensive as a result they are typically the cheapest.

[TwigtheWonderkid]

e-honda said:

TwigtheWonderkid said:

Explain how 20 years ago my argument was valid, but today, running checks on every policyholder as opposed to those who claim, or even a random sample of those who claim, takes no more time and costs no more money.

Because 20 years ago no insurers were checking dvla or cue , it wasn't possible to do automatically now it is, many do and they aren't more expensive as a result they are typically the cheapest.

What insurers are doing a full DVLA check on every customer? How can it be no more time consuming and expensive to do a check on 100% of customers, than say the 25% that are claiming?

And tell me, which insurer is typically the cheapest? The cheapest for who? Young drivers? older drivers? Lamborghinis? Dacias? people in London? people in the Highlands? There's no such thing as typically the cheapest insurer. Just the cheapest for you.

[Hoofy]

Hoofy said:

Just got a renewal through.

As always, these go up.

Original price with unmodified Merc C180, £330. Renewal, £490. As expected.

As always, I shop around.

Meerkats just quoted me £360. Audi TT, same value as Merc, and that's with an exhaust and air filter. 2 years NCB.

So: hahahahahahahaha.

I was expecting over £500 for some reason what with everyone else getting crazy quotes.

Oh, was thinking of a different daily so got a quote for a GT86 and that was £400. V6 F-Type was £500. Might stick with the TT for a while.

(The 20 million year NCB is on the Porsche - last year was £250 IIRC.)

After looking at my renewal, I realised I had put some info in that was incorrect...
.
.
.
.
.
.
.
The NCD was wrong. I thought I had 2 years but the doc says 4 years.

My final quote for a quicker, more interesting car (TT) than last year's car (C180K) is now... £325 which is £5 cheaper than last year.

[e-honda]

TwigtheWonderkid said:

What insurers are doing a full DVLA check on every customer? How can it be no more time consuming and expensive to do a check on 100% of customers, than say the 25% that are claiming?

And tell me, which insurer is typically the cheapest? The cheapest for who? Young drivers? older drivers? Lamborghinis? Dacias? people in London? people in the Highlands? There's no such thing as typically the cheapest insurer. Just the cheapest for you.

I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it.
Have a read of this

https://www.mib.org.uk/media/413068/mylicence-4pp-...

It takes half a second to run the check and they aren't just using it on completed sales, they're doing it at the quote stage, so hundreds of thousands of checks a month against people the vast majority of don't even become customers, that should give you a clue to just how little this costs the insurers to use.

[LF5335]

e-honda said:

I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it.
Have a read of this

https://www.mib.org.uk/media/413068/mylicence-4pp-...

It takes half a second to run the check and they aren't just using it on completed sales, they're doing it at the quote stage, so hundreds of thousands of checks a month against people the vast majority of don't even become customers, that should give you a clue to just how little this costs the insurers to use.

You work in IT. Did the gateway for an insurer’s in-house IT quote system to speak to the DVLA database appear overnight for free? If not, did the developers work for free while creating that gateway? Is it somehow completely maintenance free and never requires update or sense checks to make sure it’s still working? Then how much does each check cost? Who bears that additional cost?

[e-honda]

LF5335 said:

You work in IT. Did the gateway for an insurer’s in-house IT quote system to speak to the DVLA database appear overnight for free? If not, did the developers work for free while creating that gateway? Is it somehow completely maintenance free and never requires update or sense checks to make sure it’s still working? Then how much does each check cost? Who bears that additional cost?

This isn't a hypothetical thing insurers might choose to use, they are using it by choice, why do you think they are doing that?
Of course these things have costs but most of these costs don't scale with the number of queries being made.
How much more do you think those costs you mentioned are doing those checks pre sale vs doing them post sale on a more limited basis? Because neither are free

This is the opening 2 paragraphs of that article

In 2012, following industry analysis, it was
estimated that post-sales validation of driving
licence data was costing the motor insurance
industry more than £377 million per annum.
This figure included the costs of mid-term
adjustments, claims adjustments and Financial
Ombudsman Service complaints. The results of
this study laid the foundation for the Insurance
Industry Access to Driver Data (IIADD)
programme, later renamed MyLicence when it
was eventually brought to market in December
2014.
MyLicence provides real-time driving licence
data from the DVLA at point of quote, giving
a cost reduction to the industry estimated at
£1.8 billion in the first five years.

[LF5335]

e-honda said:

This isn't a hypothetical thing insurers might choose to use, they are using it by choice, why do you think they are doing that?
Of course these things have costs but most of these costs don't scale with the number of queries being made.
How much more do you think those costs you mentioned are doing those checks pre sale vs doing them post sale on a more limited basis? Because neither are free

This is the opening 2 paragraphs of that article

In 2012, following industry analysis, it was
estimated that post-sales validation of driving
licence data was costing the motor insurance
industry more than £377 million per annum.
This figure included the costs of mid-term
adjustments, claims adjustments and Financial
Ombudsman Service complaints. The results of
this study laid the foundation for the Insurance
Industry Access to Driver Data (IIADD)
programme, later renamed MyLicence when it
was eventually brought to market in December
2014.
MyLicence provides real-time driving licence
data from the DVLA at point of quote, giving
a cost reduction to the industry estimated at
£1.8 billion in the first five years.

If it was worth that much then they’d all be doing it. Clearly it’s not. Someone earlier said that the ABI’s figures can’t be trusted because they’re a trade body. Why should we trust the numbers from the company that’s selling this solution?

[e-honda]

LF5335 said:

If it was worth that much then they’d all be doing it. Clearly it’s not. Someone earlier said that the ABI’s figures can’t be trusted because they’re a trade body. Why should we trust the numbers from the company that’s selling this solution?

What are you talking about?
This isn't something they sell to the public it's something the mib a non profit has been promoting to its members.
They launched it in 2014, already had over half the industry onboarded by 2017, who are you claiming isn't using it?

[LF5335]

e-honda said:

What are you talking about?
This isn't something they sell to the public it's something the mib a non profit has been promoting to its members.
They launched it in 2014, already had over half the industry onboarded by 2017, who are you claiming isn't using it?

Who am I claiming isn’t using it? No idea. You were the one who said they weren’t using it on every customer. So maybe you can enlighten us as to who isn’t using it and why.

e-honda said:

I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it.
Have a read of this

https://www.mib.org.uk/media/413068/mylicence-4pp-...

It takes half a second to run the check and they aren't just using it on completed sales, they're doing it at the quote stage, so hundreds of thousands of checks a month against people the vast majority of don't even become customers, that should give you a clue to just how little this costs the insurers to use.

[e-honda]

LF5335 said:

e-honda said:

What are you talking about?
This isn't something they sell to the public it's something the mib a non profit has been promoting to its members.
They launched it in 2014, already had over half the industry onboarded by 2017, who are you claiming isn't using it?

Who am I claiming isn’t using it? No idea. You were the one who said they weren’t using it on every customer. So maybe you can enlighten us as to who isn’t using it and why.

e-honda said:

I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it.
Have a read of this

https://www.mib.org.uk/media/413068/mylicence-4pp-...

It takes half a second to run the check and they aren't just using it on completed sales, they're doing it at the quote stage, so hundreds of thousands of checks a month against people the vast majority of don't even become customers, that should give you a clue to just how little this costs the insurers to use.

What are you talking about?
With most insurers licence checks are opt in by the customer, but some companies they are required, so if you won't provide your licence details they won't be able to insure you, like with cuvva as mentioned in the article.
Have you actually read the article I linked to?
You seem to just want to have an argument about it for the sake of it.

[LF5335]

e-honda said:

LF5335 said:

e-honda said:

What are you talking about?
This isn't something they sell to the public it's something the mib a non profit has been promoting to its members.
They launched it in 2014, already had over half the industry onboarded by 2017, who are you claiming isn't using it?

Who am I claiming isn’t using it? No idea. You were the one who said they weren’t using it on every customer. So maybe you can enlighten us as to who isn’t using it and why.

e-honda said:

I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it.
Have a read of this

https://www.mib.org.uk/media/413068/mylicence-4pp-...

It takes half a second to run the check and they aren't just using it on completed sales, they're doing it at the quote stage, so hundreds of thousands of checks a month against people the vast majority of don't even become customers, that should give you a clue to just how little this costs the insurers to use.

What are you talking about?
With most insurers licence checks are opt in by the customer, but some companies they are required, so if you won't provide your licence details they won't be able to insure you, like with cuvva as mentioned in the article.
Have you actually read the article I linked to?
You seem to just want to have an argument about it for the sake of it.

You asked me to tell you who wasn’t using it. I have no idea who uses it or doesn’t. I had no idea it existed until you mentioned it. You told me to tell you who want using it. As you can see you were the one who told us “I never said insurers were doing DVLA checks on every customer, for most insurers it is opt in but some do require it”

So what’s the point you’re trying to make? For clarity.

I didn’t know this existed - you were the one championing it
I don’t know who does or doesn’t use it - you were the one who said some do and some don’t and some use it sometimes.

You asked me to tell you who wasn’t using it. Obviously I have no idea.

[knockturnal]

Mine has, may be something to do with swapping a Leon ST FR184 for an Impreza blobeye WRX c/w bolt ons