Insurance Co decides to drop premium loading....
Discussion
....for speeding offences.
According to my latest copy of "Classics", Adrian Flux has decided to drop the practise of loading insurance premiums when points are as a result of speeding offences. IIRC there are exceptions, but their basic reasoning is that being caught speeding is no longer a good indication of accident risk.
So if commercial companies think speeding isn't a good indicator of accident risk, then how the hell do the government manage to keep a straight face whilst feeding us this bullshit?
Sheepy
According to my latest copy of "Classics", Adrian Flux has decided to drop the practise of loading insurance premiums when points are as a result of speeding offences. IIRC there are exceptions, but their basic reasoning is that being caught speeding is no longer a good indication of accident risk.
So if commercial companies think speeding isn't a good indicator of accident risk, then how the hell do the government manage to keep a straight face whilst feeding us this bullshit?
Sheepy
sheepy said:
....for speeding offences.
According to my latest copy of "Classics", Adrian Flux has decided to drop the practise of loading insurance premiums when points are as a result of speeding offences. IIRC there are exceptions, but their basic reasoning is that being caught speeding is no longer a good indication of accident risk.
So if commercial companies think speeding isn't a good indicator of accident risk, then how the hell do the government manage to keep a straight face whilst feeding us this bullshit?
Sheepy
I could not have put it better myself. Well said.
Best wishes all.
Dave.
I'll dig the article out tonight and see if what they told the press matches anything you get told. I have 3 ins policies (2 car 1 bike) all 3 were aware of 3 pts on my licence, during last year I picked up a further 6 pts for speeding (although the 3 have now expired - phew!) and at renewal the following occurred (all fully comp ins):
1. Car policy - remained unchanged.
2. Bike policy - wanted more but changed broker and got insurance over £100 cheaper than previous year (ironically with the same underwiter!).
3. Car Policy - wanted more but changed to another company and got insurance at about £10 cheaper than previous year.
Strange as it may seem in their attempt to make "speeding as socially unacceptable as drink-driving" I fear the govt have actually made it more 'socially' acceptable - one ins company even commented to me that the 'norm' is 3 pts, due to proliferation of scameras etc and as such do not consider points as negatively as in the past.
1. Car policy - remained unchanged.
2. Bike policy - wanted more but changed broker and got insurance over £100 cheaper than previous year (ironically with the same underwiter!).
3. Car Policy - wanted more but changed to another company and got insurance at about £10 cheaper than previous year.
Strange as it may seem in their attempt to make "speeding as socially unacceptable as drink-driving" I fear the govt have actually made it more 'socially' acceptable - one ins company even commented to me that the 'norm' is 3 pts, due to proliferation of scameras etc and as such do not consider points as negatively as in the past.
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