Interesting insurance models....

[CubanPete]

Been toying with an Elise for a long time, and I was doing my main car insurance renewal, so just thought I would have a look...

All fairly standard answers, normal job, low risk area, good driving record etc.

The cheapest was all from the same company.

Cost with 5yrs no claims £186.52 (on another policy I can use)
Cost with 0yrs no claims £170.82
Cost with 0yrs no claims and black box £170.83

Excess was £45 + £50 voluntary

To me, those numbers are completely backwards...?

[alscar]

Not only backwards but appear to have little correlation to each different scenario -they also seem “ cheap “.
Maybe they simply aren’t correct ?!

[kambites]

alscar said:

Not only backwards but appear to have little correlation to each different scenario -they also seem “ cheap “.
Maybe they simply aren’t correct ?!

The one with 5 years NCB looks about right to me. I paid £173 this year with a similar excess. The other two do look rather implausible, though.

[Dingu]

Is the company a broker? E.g. Hastings use a panel of underwriters but return prices all as Hastings. They will always return the cheapest for any given set of details.

[CubanPete]

alscar said:

Not only backwards but appear to have little correlation to each different scenario -they also seem “ cheap “.
Maybe they simply aren’t correct ?!

I would expect them to be cheap. I live in a low risk area, I am middle aged with a clean driving history and the Elise is a low power classic.

My MX5 always hit the minimum charge from the insurer and no claims didn't make a difference. (MX5 £160, 320d £200, 525d £230)

The Hastings observation is an interesting one. It may have been them.