admiral wont insure me but elephant will even though....

[smiffy180]

Even though they're 'sister' companies both offering the same plan (10 month booster or a year plan). Very confusing to me to say they will both offer the same price (when you can get a quote from both) and its just personal preference as to who you go with. Can anyone shed some light on this?

[BoostMonkey]

Nope!

[smiffy180]

BoostMonkey said:

Nope!

Ha! Very helpful

[Pothole]

Another post asking why insurance companies appear to be run by monkeys, who'd o' thunk it?

[smiffy180]

Pothole said:

Another post asking why insurance companies appear to be run by monkeys, who'd o' thunk it?

No not quite, another PH member pointlessly posting?
Only asked why technically the same company with 2 different names will insure me with one and not the other.

[ZOLLAR]

For what reason is Admiral saying they won't insure you?
Are they saying at renewal they won't insure you or are you trying to get 2 new policy quotes from each brand and Admiral is saying no with elephant saying yes?

[sleep envy]

Apparently they price different risks - that's what the chap on the end of the phone at Admiral said to me.

[Pothole]

smiffy180 said:

Pothole said:

Another post asking why insurance companies appear to be run by monkeys, who'd o' thunk it?

No not quite, another PH member pointlessly posting?
Only asked why technically the same company with 2 different names will insure me with one and not the other.

not running you down, just commenting that we all ask the same question over and over in different ways and it always seems to come down to fkwittery, mostly.

[smiffy180]

ZOLLAR said:

For what reason is Admiral saying they won't insure you?
Are they saying at renewal they won't insure you or are you trying to get 2 new policy quotes from each brand and Admiral is saying no with elephant saying yes?

Just tried changing my existing policy and they couldnt do it so looked online and elephant insured me ( at a reasonable price) where as admiral said i was too young for the car?

[ZOLLAR]

sleep envy said:

Apparently they price different risks - that's what the chap on the end of the phone at Admiral said to me.

This is true, although sister companies their claims statistics vary wildly as they don't insure the same policyholders.

Basic example is

Elephant insures 100 fiesta's and experiences 20 claims
Admiral insures 100 fiesta's and experiences 60 claims

meaning that although they're sister companies Admiral would charge more to cover a fiesta.

[smiffy180]

Pothole said:

smiffy180 said:

Pothole said:

Another post asking why insurance companies appear to be run by monkeys, who'd o' thunk it?

No not quite, another PH member pointlessly posting?
Only asked why technically the same company with 2 different names will insure me with one and not the other.

not running you down, just commenting that we all ask the same question over and over in different ways and it always seems to come down to fkwittery, mostly.

Ah okay sorry its just people constantly get keyboard warriors on here and i myself have had it in the past.

[smiffy180]

ZOLLAR said:

sleep envy said:

Apparently they price different risks - that's what the chap on the end of the phone at Admiral said to me.

This is true, although sister companies their claims statistics vary wildly as they don't insure the same policyholders.

Basic example is

Elephant insures 100 fiesta's and experiences 20 claims
Admiral insures 100 fiesta's and experiences 60 claims

meaning that although they're sister companies Admiral would charge more to cover a fiesta.

This makes more sense to me

[ZOLLAR]

smiffy180 said:

ZOLLAR said:

For what reason is Admiral saying they won't insure you?
Are they saying at renewal they won't insure you or are you trying to get 2 new policy quotes from each brand and Admiral is saying no with elephant saying yes?

Just tried changing my existing policy and they couldnt do it so looked online and elephant insured me ( at a reasonable price) where as admiral said i was too young for the car?

You could contact admiral with the quote number of elephant and say that elephant are willing to cover and would they override the decision but ultimately it comes down to what the underwriter for that brand is willing to accept.
Generally though the age ratings for cars are the same across all the brands.
It may be a case that the model of car used in the 2 quotes are slightly different, are you sure the car chosen on the elephant quote is the exact same one that admiral is quoting on?.

[smiffy180]

ZOLLAR said:

smiffy180 said:

ZOLLAR said:

For what reason is Admiral saying they won't insure you?
Are they saying at renewal they won't insure you or are you trying to get 2 new policy quotes from each brand and Admiral is saying no with elephant saying yes?

Just tried changing my existing policy and they couldnt do it so looked online and elephant insured me ( at a reasonable price) where as admiral said i was too young for the car?

You could contact admiral with the quote number of elephant and say that elephant are willing to cover and would they override the decision but ultimately it comes down to what the underwriter for that brand is willing to accept.
Generally though the age ratings for cars are the same across all the brands.
It may be a case that the model of car used in the 2 quotes are slightly different, are you sure the car chosen on the elephant quote is the exact same one that admiral is quoting on?.

Never thought of that. And yes is the same car as im looking to buy it next week
Ill give admiral a buzz and see if they can match it then.

[simoid]

ZOLLAR said:

Basic example is

Elephant insures 100 fiesta's and experiences 20 claims
Admiral insures 100 fiesta's and experiences 60 claims

(Why*) wouldn't they both see 80 claims from 200 Fiestas...?

Edited by simoid on Thursday 5th April 16:19

[Miocene]

simoid said:

ZOLLAR said:

Basic example is

Elephant insures 100 fiesta's and experiences 20 claims
Admiral insures 100 fiesta's and experiences 60 claims

Wouldn't they both see 80 claims from 200 Fiestas...?

That would be logic. This is insurance.

Edited by Miocene on Thursday 5th April 16:25

[cheadle hulme]

simoid said:

ZOLLAR said:

Basic example is

Elephant insures 100 fiesta's and experiences 20 claims
Admiral insures 100 fiesta's and experiences 60 claims

(Why*) wouldn't they both see 80 claims from 200 Fiestas...?

Edited by simoid on Thursday 5th April 16:19

They would. They see the risk as a whole, but price according to the target market.

Grouping risks is kind of their day job!

[martin84]

Am I right in thinking many insurers actually give a more favourable quote for a young person on a slightly larger car which young people typically don't buy, mainly due to the fact less young people crash them?

When I was 18 I found things like Mondeo's came out cheaper than Fiesta's.

[omgus]

martin84 said:

Am I right in thinking many insurers actually give a more favourable quote for a young person on a slightly larger car which young people typically don't buy, mainly due to the fact less young people crash them?

When I was 18 I found things like Mondeo's came out cheaper than Fiesta's.

Oh dear, now you are entering the realms of statistical risk. It is about as clear cut as working out compound interest and arguing with a woman.

[Somnophore]

They may be sister companies but what sense would it be to operate in the exact same risk profiles and costings, they both operate towards the higher risk end of the market, but operate slightly different pricing and risk profiles. Same as banks owned by the same organisation offer different rates and products, they cater to different markets.