Insurance decreasing post accident!?!
Discussion
I did do a quick search and couldn't find anything that matched this particularly closely, but apologies if I'm mistaken.
I drive a modified 2003 Diesel Seat Ibiza and have insured it for a value of £4000, my housemate has insured at the same address a modified 2005 Yaris T-Sport for a value of £6000.
We're the same age, I'm female, he's male, I've held my license a year longer and have built up several years no claims, he has had one insurance claim in the last year that was his fault (although no car was written off). We have both just come to renewal time and my premium has increased significantly whereas his has halved, he's now paying cheaper insurance. Granted his car is slightly lower powered and a Yaris but I'm lost on why his premium decreased, especially after reading countless threads on PH where people have said about it increasing. Based on this we both went onto a comparison website and looked for quotes on identical Renault Clio 182s, mine came out £150 more expensive.
Apart from the standard female driver arguments, why am I classed as a greater liability and why his he being rewarded for crashing?
Has anybody else found their premium decreased post crash?
I drive a modified 2003 Diesel Seat Ibiza and have insured it for a value of £4000, my housemate has insured at the same address a modified 2005 Yaris T-Sport for a value of £6000.
We're the same age, I'm female, he's male, I've held my license a year longer and have built up several years no claims, he has had one insurance claim in the last year that was his fault (although no car was written off). We have both just come to renewal time and my premium has increased significantly whereas his has halved, he's now paying cheaper insurance. Granted his car is slightly lower powered and a Yaris but I'm lost on why his premium decreased, especially after reading countless threads on PH where people have said about it increasing. Based on this we both went onto a comparison website and looked for quotes on identical Renault Clio 182s, mine came out £150 more expensive.
Apart from the standard female driver arguments, why am I classed as a greater liability and why his he being rewarded for crashing?
Has anybody else found their premium decreased post crash?
The Moose said:
I imagine because more females in that car have had accidents than males in the car. Statistics at the end of the day I imagine.
That's what we had originally assumed, hence the attempt for a quote on a Clio (which he's incidentally looking at buying).I think it is probably right to say that it must be them assuming I am 'due' for an accident which is a pretty unfair way of looking at it but I suppose statistically it should happen. We've also had a look at the differences between how we're insured and I am down as an Engineer whereas he is classed as a student still - which could make a difference.
Either way, I fail to see why I'm being penalised £150 for not crashing. I thought girls were supposed to be cheaper to insure!
Have you tried the insurance, (forgot their names) who only insure women drivers for a quote, sheilas wheels or something?
Quick google, it is shelias wheels, never did work out how the film clip showed some women in a car, going at speed BACKWARDS
Quick google, it is shelias wheels, never did work out how the film clip showed some women in a car, going at speed BACKWARDS
Edited by Vipers on Wednesday 15th December 14:16
Ha, yeah I've looked at them - they won't touch the car as it is modified and I'm an engineer - therefore I'm obviously a liability.
Though I just got a quote for the Clio and it decreases the gap to £120.
If they were a similar price to my current insurer I don't think I'd go with them anyway, on moral grounds. Any female driver remotely resembling the women drivers in that advert doesn't deserve a driving license.
Though I just got a quote for the Clio and it decreases the gap to £120.
If they were a similar price to my current insurer I don't think I'd go with them anyway, on moral grounds. Any female driver remotely resembling the women drivers in that advert doesn't deserve a driving license.
Edited by Dublte on Wednesday 15th December 14:25
Mr2Mike said:
They really don't like engineers much do they? Always wondered why they presented more risk than average.
I can't tell you exactly (mainly because I don;t know for definite), but one of the big issues is the wide range of people claiming to be engineers, it seems to cover everyone from a highly skilled and mega qualified individual to a washing machine repairman.It's very difficult to work out who's who in that maelstrom
Still, it could be worse, you could be an actor or a journalist
R1 Loon said:
Unless you want to post your life history on here, along with his, then it's a futile exercise trying to guess.
With the quotes for the Clio, aside from the afore mentioned differences (gender, license, claims, career) we are being quoted based on exactly the same grounds. Perhaps it is a case of lots of women crashing 182s, maybe I need a more manly car to knock the premium down...
northandy said:
I seem to remember hearing a few years ago that insurers load premiums for drivers who haven't had a claim in the first couple of years of driving as they are statistically more likely to have a bump after that.
Don't quote me on that though it's just something I heard/read.
A bit oversimplistic, but arguably correct.Don't quote me on that though it's just something I heard/read.
Insurers load & reduce premiums based on a myriad of factors, but lack of experience is a big one, hence the premiums young people (especially male teenagers) face.
Dublte said:
FraserLFA said:
I think you're more likely to crash again, once you've had one. According to insurance minions, anyway.
There definitely seems to be two quite opposite schools of thought on that. Maybe someone tipped the insurance companies off about my driving? Piccies first please
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