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Author Topic: Insurance  (Read 2384 times)

Insurance
Reply #15 on: February 26, 2008, 11:05:59 AM
yeah, if you cancle early they keep a pretty big lump...

iir if you cancle after a month, they keep a months worth of insurancem, an admin fee... and then an extra 20% of whats left :o
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Re:Insurance
Reply #16 on: February 26, 2008, 11:28:30 AM
Quote from: Mark
Quote from: knighty
Quote from: Privateer
Maldonado are you over 25, a good option most companies have is, they will insure the car for anyone over 25


most have stoped doing that now too :(

we had to shop around a lot more last time, and that was for a work van.... where you expect to insure anyone over 25 :o


Interestingly, time could be running out for younger drivers (17-21)

Insurance companies are pulling out of insuring young drivers, and quotes are starting to get very high

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=42H2K3OKG4F5JQFIQMGCFFWAVCBQUIV0?xml=/money/2008/01/21/cminsure21.xml&DCMP=ILC-traffdrv07053100


If every kid was charged £1000 to insure with you, that would be millions, youd bank a million a wk.
its a known fact young driver total cars, but not that much, Id like to start up my own insurance company, for young drivers, LOL (Vandago Wheels)
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Insurance
Reply #17 on: February 26, 2008, 12:56:51 PM
But if they price young drivers out of the market, then people will just start learning to drive later on in life, and making the same mistakes that we all did when we were 17/18/19, which will push up insurance for the 21-25 y/os, and the cycle repeats.
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Re:Insurance
Reply #18 on: February 26, 2008, 13:16:18 PM
I cant see it being a smart move for that reason and because Im sure even with the statistics as they are they still stand to make a packet out of charging such high premiums. Essentially though, they will just shift the statistics up a demographic and narrow the range of premiums people will receive. Hmm, maybe thats their grand scheme of cashing in after all...
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Re:Insurance
Reply #19 on: February 26, 2008, 17:23:34 PM
They dont stand to make as much of a packet as youd think though - statistically (and thats all they care about) that age group has the worst accident record. And expensive accidents at that. Actually - sorry - collisions - they actually have to call accidents collisions now.

I can see that there would still be accidents if people started later, but I believe that as people (should) be more mature then, there is a possibility that there would be fewer.

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Re:Insurance
Reply #20 on: February 26, 2008, 17:26:46 PM
Quote from: Mark
Quote from: knighty
Quote from: Privateer
Maldonado are you over 25, a good option most companies have is, they will insure the car for anyone over 25


most have stoped doing that now too :(

we had to shop around a lot more last time, and that was for a work van.... where you expect to insure anyone over 25 :o


Interestingly, time could be running out for younger drivers (17-21)

quotes are starting to get very high



starting?!?! when i first started (4years ago) i was quoted £1400 for a 1986 £100 Metro.

paid £200 on my mums policy in the end, theiving insurance aholes
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