Statistics on no fault accidents

mikey72

I don't know if it's the consumers fault. The insurers have decided to pursue the direct online and price comparison sites.
The FSA have also decided it's up to the providers to check eligibility, and that they are appropriate for them, not for the customers to ensure before they buy.

http://www.fsa.gov.uk/pages/consumerinformation/product_news/insurance/price_comparison/index.shtml

So if the FSA believe responsibility for this type of sale isn't with the customer, but is down to the supplier, and their desire to secure sales to scramble up the heap, I can't see why the customer would cry out for the return to a dearer product.
Insurers have made their bed, now at last they may be forced to lie in it.

mikey72

As a personal view, I buy insurance either through brokers, or direct. I use comparison sites to give me a top ten, and move each year if I need to. I don't use the cheapest, I don't use overseas call centres, and I only use names I recognise.
I read the policy first, and don't buy if I can't find one, or find a list of charges.
I won't renew with any company that offers expensive renewal, even if they offer to pricematch.
Some of my insurances are specialist, others are run of the mill.
My insurance is digustingly cheap, as a family we spend less on 5 cars, 2 houses, and business insurance, than some 17 year olds are quoted for the one car. (And ironically, that includes my 17 year old daughter on her own policy for the first year)
So I fail to see how they can insure us profitably, then insist they have to charge some of the figures quoted on here. Sometimes a little more transparency is needed to be more believable.

mikey72

SteveFromAccounts wrote: »

I'm not sure what you are seeking to prove here?

That statistics are a wonderful tool.

At 12 results in we can see that the 33% of the population who have no fault accidents don't go on to have a fault accident across the entire population of Britain, with a 95% confidence level, and a 25% confidence interval, whereas only just over 8% of the population will, with a similar confidence level and interval.

Pretty good figure, statistically.