Car Insurance

[monmouth]

My old Dad is fast approaching 90, And I'm wondering if the big increase is because of him..??... he doesn't even drive anymore..I drive him wherever and whenever he needs to go anywhere. I could replace him as the main driver, but as I haven't had car insurance in my own name since 1993, apart from a year or so about 2011-2012. I always had a company car, so am dreading the amount they might quote?...

You can often use your company car record Bryn. The lease company or employer should be able to provide proof. Or at least you could in 2007 when I ditched the company car. I would expect getting dad off the policy would make quite a difference. My next renewal I’ll be over 65 which gives the bandits another excuse, no doubt.

 

[BrynCartwright]

You can often use your company car record Bryn. The lease company or employer should be able to provide proof. Or at least you could in 2007 when I ditched the company car. I would expect getting dad off the policy would make quite a difference. My next renewal I’ll be over 65 which gives the bandits another excuse, no doubt.

Thanks pal...I will look into putting it my name and I do have a letter from an old employer that I was at for 6 years where I had a company car...Will dig it out and come clean...

 

[Squarebear]

Just an aside.

I added my (teacher) wife to my policy. It brought the premium down over 10%.

I'm not suggesting you add her to your policies but it serves to illustrate the complexities of the calculation insurance companies employ.

 

[jack123]

Renewal done, increase of roughly 150 quid a year..

Pretty rubbish really. Seems they can charge what they like, without giving a valid reason.

I would have thought if the reason for car insurance renewals increasing, is because they are paying out more, well pass the increases on to the ones making the claims and having accidents, not pass it onto every customer. :evil:

 

[Muteswan]

You can often use your company car record Bryn. The lease company or employer should be able to provide proof. Or at least you could in 2007 when I ditched the company car. I would expect getting dad off the policy would make quite a difference. My next renewal I’ll be over 65 which gives the bandits another excuse, no doubt.

I had no problem when switching from company car insurance to personal insurance, it was just a case of informing my insurance company of all details and a letter from my old company insurance firm.
It was quite a few years ago though.

 

[K23]

My worst brush with the renewal ripoff was with Admiral and haven't been back to them since. 3 years ago, I posted this on facebook:

"Don't know if anyone reading this has an Admiral Multi-car Insurance policy? Our expires on 7th March so, before discussing renewal with them, I just thought I'd find some online stand-alone quotes for our 3 cars: my Lexus GS @ £281, my wife's Honda Jazz @ £147 and our son's Volvo XC90 @ £719: Total £1147. I kid you not, Admiral's Multi-car renewal price for all 3 is a piss-taking £2348, almost exactly double. So, needless to say, I won't be renewing with Admiral and I'd advise anyone with an Admiral policy to do the same checks rather than allow them to auto-renew. Cheeky sods!"

 

[jack123]

Renewal done, increase of roughly 150 quid a year..

Pretty rubbish really. Seems they can charge what they like, without giving a valid reason.

I would have thought if the reason for car insurance renewals increasing, is because they are paying out more, well pass the increases on to the ones making the claims and having accidents, not pass it onto every customer. :evil:

Just to add, I really couldn't be bothered today, after having the heads up on the increase, so prior to phoning my insurance company, a quick check on compare the market and it had risen the same price (about 150-200) hmm what's making me think, they said have you had any other quotes, I said yes, just been on the insurance compare sites, and they asked what price I got the lowest, and I think now like a terwaat I told them the truth, and they more or less matched the cheapest price, I know most prob it would take them ten seconds to do a search, but still.. Could I have lied, and said, hmm it's coming back same price as last year?

 

[K23]

Just an aside.

I added my (teacher) wife to my policy. It brought the premium down over 10%.

I'm not suggesting you add her to your policies but it serves to illustrate the complexities of the calculation insurance companies employ.

It's worth a shot. PM me your wife's details and driving record and I'll see if I can save money by adding her at my next renewal.

Tbf though, I've always added my wife to my policy as a named driver and more often than not, it does result in a saving because she's quite a bit younger than me. It makes no difference that she would never ever willingly drive my car unless it was an absolute emergency and I'd prefer that she didn't.

 

[exiledclaseboy]

It's worth a shot. PM me your wife's details and driving record and I'll see if I can save money by adding her at my next renewal.

Tbf though, I've always added my wife to my policy as a named driver and more often than not, it does result in a saving because she's quite a bit younger than me. It makes no difference that she would never ever willingly drive my car unless it was an absolute emergency and I'd prefer that she didn't.

This thread just took a turn. How much younger is “quite a bit younger”?

 

[CygnusX1]

This thread just took a turn. How much younger is “quite a bit younger”?

 

[jack123]

It's worth a shot. PM me your wife's details and driving record and I'll see if I can save money by adding her at my next renewal.

Tbf though, I've always added my wife to my policy as a named driver and more often than not, it does result in a saving because she's quite a bit younger than me. It makes no difference that she would never ever willingly drive my car unless it was an absolute emergency and I'd prefer that she didn't.

Fair enough, but in what world does it compute to add another driver, and get money off.? It's absolutely ludicrous. this is the reason I have got shafted today for near on, an extra 150 quid on a year, with people playing the system. BTW it's not your fault.. Just peed off.

 

[K23]

Fair enough, but in what world does it compute to add another driver, and get money off.? It's absolutely ludicrous. this is the reason I have got shafted today for near on, an extra 150 quid on a year, with people playing the system. BTW it's not your fault.. Just peed off.

It makes sense, if the insurance company think that some of the time, the car will be driven by someone who, rightly or wrongly, is perceived by them as a lower risk, then the premium reduces proportionally to the risk. Conversely, if I was to add, say, a 17 year old son or daughter just a few months after they'd passed their test, they would perceive this as a greater risk and raise the premium.

 

[jack123]

It makes sense, if the insurance company think that some of the time, the car will be driven by someone who, rightly or wrongly, is prnewaerceived by them as a lower risk, then the premium reduces proportionally to the risk. Conversely, if I was to add, say, a 17 year old son or daughter just a few months after they'd passed their test, they would perceive this as a greater risk and raise the premium.

Thank you, for me it seems a load of bollox, htf, can a named driver lower your renewal? Not having a go mate, I just today really couldn't be arsed to play the game of getting cheaper, I guess I was just hot and bothered,

 

[K23]

This thread just took a turn. How much younger is “quite a bit younger”?

Mind your own business All I'm saying is, when we met, it turned out that I'd thought she was 2 years younger than she'd thought I was - and we were both wrong

 

[K23]

Thank you, for me it seems a load of bollox, htf, can a named driver lower your renewal? Not having a go mate, I just today really couldn't be arsed to play the game of getting cheaper, I guess I was just hot and bothered,

It's not a load of bollox at all. All insurance companies have to calculate the level of risk and ask for a premium that they think it's commensurate with that level of risk. They have access to masses of historic RTA data regarding the types of car involved, the type of driver involved, the part of the country and probably many other factors and within each factor the variations will be ranked in order of perceived risk. Obvious general things that would vary the risk would be things like make, model and bhp of car, annual mileage, driver age, experience, gender or ethnicity and whether or not they live in a city, urban or rural area before they even consider individual specifics like driving history and convictions, etc. If a car is likely to be driven by several different people, they have to assess the overall level of risk and if one of those drivers happens to be very low risk, it makes perfect sense that this could lower the premium.