How to lower your insurance - crash your car.

[Papa Hotel]

Seriously.... A lass at work, 20 years old so no NCB to speak of, crashed her car a few months ago. Her fault, claim made to repair the 3rd party car and her car, her renewal came through yesterday for her Mini Cooper at £45 less. I don't get it.

[Yelly]

Papa Hotel said:

Seriously.... A lass at work, 20 years old so no NCB to speak of, crashed her car a few months ago. Her fault, claim made to repair the 3rd party car and her car, her renewal came through yesterday for her Mini Cooper at £45 less. I don't get it.

Still no NCB.
Had an accident = premium goes up
One year older = premium goes down.

Net difference in this case has been a £45 reduction. I bet it would have been more if she'd not crashed.

Edited by Yelly on Tuesday 18th May 10:40

[Papa Hotel]

Disclaimer: Crashing your car might not lower YOUR insurance so if you try this and get charged
more, you cannot sue me, I'm only providing a little anecdote, not a "how to" guide.

[touching cloth]

Its because they use highly sophisticated software to interrogate and assess the risk based on a huge variety of weighted criteria, it is way too complex for any of our feeble minds to work out in a mere rational sense. Here is a screen shot where you can clearly glimpse the technology at work :

[lordlee]

I didnt realise they had stop using the blindfolded darts player method! The wonders of modern science...

[ofcorsa]

I thought insurers had an involuntary excess for under 21s, Going over 21 usually has a big impact on premiums

[Marf]

lordlee said:

I didnt realise they had stop using the blindfolded darts player method! The wonders of modern science...

I thought they used the chicken method?

http://dailyradar.com/beltwayblips/video/bailout_c...

[vit4]

touching cloth said:

Its because they use highly sophisticated software to interrogate and assess the risk based on a huge variety of weighted criteria, it is way too complex for any of our feeble minds to work out in a mere rational sense. Here is a screen shot where you can clearly glimpse the technology at work :

The worrying thing is how much sense this makes.

[bazking69]

The drop that comes with another year outweighed the loading of the premium due to the accident. Simple.

[theaxe]

Papa Hotel said:

Seriously.... A lass at work, 20 years old so no NCB to speak of, crashed her car a few months ago. Her fault, claim made to repair the 3rd party car and her car, her renewal came through yesterday for her Mini Cooper at £45 less. I don't get it.

Post hoc ergo propter hoc? Who's to say that her insurance wasn't going to go down by more than £45 until she had the crash?