Insurance Insurance Insurance

[The Moose]

As it seems fashionable to start these threads over and over and over and over again, I thought I would start one too...but this is with a slight difference...

I don't understand how insurance works

Over the last 2 renewals (my next is due in a couple of weeks), I would like to say that my annual insurance cost has dropped by approximately £150 each time.

Yes, folks, that's right. It has actually gone DOWN.

I'll repeat for those of you who are hard of hearing... down I tell ya, DOWN!!!!

As I said, I don't understand how they calculate the premiums, and someone who is a mere mortal such as me probably never will. But, to be honest, I don't care

I'll await the cool starry bra photo for those of you who can be arsed to find it...

[randlemarcus]

You have a boring car that isn't attractive to thieves or people who crash, your career is viewed as open to people who are predictable, sensible and boring, and your driving career shows that you are statistically unlikely to have a claim this year, mostly because your rural address precludes idiocy, and includes lots of people just like you, in your beige lounge and ticky tacky semi-detached.

some of the above may not be true

[Xeno]

The Moose said:

I don't understand how insurance works

Here's the Wiki article for you: http://en.wikipedia.org/wiki/Ponzi_scheme

[Codswallop]

My insurance went up by about £20 for no good raisin, which isn't really a significant change.

What I found interesting was that the premium was lowest this year if I told the lady on the phone that I would park my car on a fairly busy street, rather than behind a locked gate on the driveway, or behind a locked gate inside a garage

Clearly, they want my car to get stolen or driven into

[Brite spark]

Codswallop said:

My insurance went up by about £20 for no good raisin, which isn't really a significant change.

Raisin? What's bad food got to do with car insurance

[Codswallop]

Brite spark said:

Raisin? What's bad food got to do with car insurance

Futurama reference

[The Moose]

randlemarcus said:

You have a boring car that isn't attractive to thieves or people who crash, your career is viewed as open to people who are predictable, sensible and boring, and your driving career shows that you are statistically unlikely to have a claim this year, mostly because your rural address precludes idiocy, and includes lots of people just like you, in your beige lounge and ticky tacky semi-detached.

some of the above may not be true

Some (95%) of that may indeed not be true

Codswallop said:

My insurance went up by about £20 for no good raisin, which isn't really a significant change.

What I found interesting was that the premium was lowest this year if I told the lady on the phone that I would park my car on a fairly busy street, rather than behind a locked gate on the driveway, or behind a locked gate inside a garage

Clearly, they want my car to get stolen or driven into

My take on this must be that there are much fewer cars stored in a garage which of course TEND to be higher value and more attractive to thieves. These TEND to be the cars that get stolen. So, a higher percentage of cars will be stolen from garages than those on the streets...or something!!

[B4rker]

I work for an insurance broker and even I can't see any sense in the way some insurance companies quote.

[Pet Troll]

The Moose said:

My take on this must be that there are much fewer cars stored in a garage which of course TEND to be higher value and more attractive to thieves. These TEND to be the cars that get stolen. So, a higher percentage of cars will be stolen from garages than those on the streets...or something!!

Also if the car is on the drive or in the garage then the theives know 100% which house to break into for the keys.

Whereas if the street is full of cars then the likelyhood of every car being outside its corresponding house is small.


Or something.