Insurance again makes no sense.

mikey72

19 year old, still has the classic mini, 1 years ncd. Quote in sleepy hollow, £350 for the year, as a student living away from home. Not from who you would expect, the cheapest are the big banks. As a comparison, change the address to the middle of the big town she's at uni in, a place well known for horrific rush hour traffic, and put her as a student living at home, (included commuting in both quotes), it goes down to £320 and the banks are top again. Change to business use, so so can drive to placements, etc, it's still £320. I'd love someone to explain the logic of that to me, so anyone feel up to it?

cte1111

Just be glad it's cheap!

Just_Some_Guy

Young people driving in big towns are less likely to have expensive high speed accidents than young people driving in more rural locations. You get more claims in towns but these are for bumper bashes which generally cost peanuts to put right, wallop someone at 60mph and you start getting into telephone number claim payments.

mikey72

Just_Some_Guy wrote: »

Young people driving in big towns are less likely to have expensive high speed accidents than young people driving in more rural locations. You get more claims in towns but these are for bumper bashes which generally cost peanuts to put right, wallop someone at 60mph and you start getting into telephone number claim payments.

So insurers should rate inner city postcodes cheaper than rural ones?

mikey72

Well the quotes have changed again, now she's actually buying it. Managed to get it down to £325 after cashback, in sleepy hollow. But for some reason the big banks have dropped down the list, and one of the cheapest on the comparison sites then refused to quote directly. Still, it's just the piece of paper she needs, so cheap appeared to be the way to go, rather than quality. So can't complain for that price.

Nednats

19 year old student £350. How?
when i was that age I was quoted 10 times that.
And its still about 5 x that now!

mikey72

It's always been a good price. It's a classic mini, first year was a classic policy, about £550, then last year was about £550 with mainstream insurance as the classic insurer ended. Nowhere special, quiet rural location, (but see above) parent on as a named driver. Fully comp, commuting, £600 total excess, 1 years ncd now. It isn't a well respected insurer, but it was cheap, so it's legal, and we get a bit of paper to say so.(Insure, part of Hastings, placed with Sabre, that'll bring dread to some on here) That's what annoys me about insurance. They can be good for some, and expensive for others.

forgotmyname

Sleepy hollow has a low claim rate. That headless horseman soon sorts out most potential claimants.

Hard to phone them and claim when you dont have a head

Postcode is a big concern. BIL moved way north, Tiny little cluster of houses outside a village thats barely bigger than 2 families.
His premium dropped considerally compared to the city postcode he had previously.

We need some decent inside information.

mikey72

That's what I thought initially. But then a quote for the city
post code came out cheaper

forgotmyname

Maybe all those big posh houses by you were funded by payouts from insurance scams?

I can get my quote down by adding my mum and/or sister. I am claim free
yet both of them have claimed recently.

So why would adding 2 risky drivers lower my premium?

Alison_B

WOW, that is a fantastic price. My youngest son has been driving for a year, got a years no claims and will also be 18 and he is getting quotes around the £6000 mark on a Fiat Punto.

I got a quote through the FSB and that came back at £2,200 which I accepted. Got the policy through today and the information has been printed incorrectly. I told them that my son was the main driver and it was his car, they have put me down as the main driver. I said it was for 12,000 miles and they have put down 6,500 miles. I got the quote over a week ago and confirmed the details again on Thursday before accepting the quote. They said the man who took the details will call me on Monday about it but I am just hoping that they honour it and don't cancel.