Change of address on insurance

Trebor16

InsideInsurance wrote: »

How do you know what their person insurers experiences are for these areas (esp as insurers normally use Postcode Sector but the OP has only given their Postcode District)?

Theft, vandalism, hit and run are only part of the equations, commuter belts often have higher claims due to high motorway mileage. Mass affluent areas have higher claims as they have newer higher branded vehicles and claim for minor scrapes where as with an old banger it just matches the one on the other side.

Dont assume that posher area = cheaper insurance.

Because I know the two areas concerned and based on my local knowledge I am finding it difficult to accept that there is such a big difference in monthly premiums.

Re-read my original post and you will see I didn't make assumptions, just said I found it hard to see how they could justify such a difference.

artbaron

dacouch wrote: »

On what basis are you able to look at the post codes and say that the list is fairly accurate?

Do you work in Insurance?

I can look at the same list and tell you it's actually very inaccurate.

So if I were to pick five at random and get comparative quotes I can expect those quotes to have no relation to the list? I've already done that for several areas and they compare exactly with the list, but still.

dacouch wrote: »

When the list was up to date eg at least eight years ago, the same Insurer (Aviva) then had 20 rating areas for cars as opposed to the seven they show on the motorcycle rating areas you linked to.

There are many many more rating areas now.

What does that prove? Added granularity has no bearing on whether the list is broadly accurate. You might as well say that because cars now have more insurance groupings than 10 years ago the new ones bear no relation to the old.

dacouch wrote: »

It's perfectly possible for an area eg SG17 1 to be rated entirely different to SG17 2 as the rating areas go down to the sector not just the district with some companies even using the next one or two letters as well

Fine, then. Let's take the two areas mentioned in the OP. Post the actual ratings here and we'll see how wildly different they are to the list. Then I'll confirm it by getting two quotes with the differing postcodes from one of the comparison sites.

dacouch

artbaron wrote: »

So if I were to pick five at random and get comparative quotes I can expect those quotes to have no relation to the list? I've already done that for several areas and they compare exactly with the list, but still.

Assuming the quotes are with the same insurer. You would need to do more than five different post codes


What does that prove? Added granularity has no bearing on whether the list is broadly accurate. You might as well say that because cars now have more insurance groupings than 10 years ago the new ones bear no relation to the old.

If we ignore the fact that rating factors for motorbikes (Predominently) were / are based on theft rates and there were considerably less rating areas for motorbikes. In the last few years Insurers have been able to harness the data their computers provide them so can produce many more rating areas and far more accurately. These take into account the newer things that affect car claims such as areas prone to fraudulent claims, areas with lots of claims companies and areas with people more likely to claim for personal injuries. In addition the emergence of break ins to steal keys which tend to occur in more affluent areas due to the quality of the cars. Before affluent areas tended to be rated lower than they did eight years ago

Fine, then. Let's take the two areas mentioned in the OP. Post the actual ratings here and we'll see how wildly different they are to the list. Then I'll confirm it by getting two quotes with the differing postcodes from one of the comparison sites.

The OP's post code was given as an example, the chances are there will be no difference. However there are postal districts in the UK where there can be a large difference in premium due to the latter sector number