Admiral insurance rip off

tonynw

Just been on to change the insurance on my car i am going from a group 27 car to an insurance group 17 and they want an extra £246 because the replacement car is 6 years younger ??? a newer car should be safer on the roads better anti lock brakes action control etc. i thought reduction in insurance group should have brought the premium down not up ????

Tonynw

custardy

tonynw wrote: »

Just been on to change the insurance on my car i am going from a group 27 car to an insurance group 17 and they want an extra £246 because the replacement car is 6 years younger ??? a newer car should be safer on the roads better anti lock brakes action control etc. i thought reduction in insurance group should have brought the premium down not up ????

Tonynw

So you bought the replacement car for the same price as the old car?
It will be just as undesirable for theft?

dunstonh

a newer car should be safer on the roads better anti lock brakes action control etc.

Does it have the same power, same value, same supply on replacement parts?

tonynw

custardy wrote: »

So you bought the replacement car for the same price as the old car?
It will be just as undesirable for theft?

what has the price of the car got to do with it ?

sold a 2002 golf 1.9 gt tai 130bhp insurance group 27 and replaced it with a mini 2008 1.6 120bhp insurance group 17

if i do a new quote with another company for the golf and then change the car details the mini comes out cheaper with every company with every quote but admiral want to charge more ??

custardy

tonynw wrote: »

what has the price of the car got to do with it ?

sold a 2002 golf 1.9 gt tdi and replaced it with a mini 1.6

Lol,are you serious?
So as long as I buy a car that has a lower insurance group,its value (that the insurer may have to replace) is irrelevant?
So you replaced an old 02 diseasel with a 'trendy' Mini.
Which is more desirable for theft?
As for your edit,welcome to the world of checking insurance costs before buying. You are now in a take the hit or cancel the policy economic balance.

rudekid48

Which insurer told you the groups?

Credit-Crunched

tonynw wrote: »

Just been on to change the insurance on my car i am going from a group 27 car to an insurance group 17 and they want an extra £246 because the replacement car is 6 years younger ??? a newer car should be safer on the roads better anti lock brakes action control etc. i thought reduction in insurance group should have brought the premium down not up ????

Tonynw

or higher acceleration, more risk
more expensive to repair on an accident
more desirable to steal
more expensive parts

Lesson here, run quotes prior to purchase.

wongataa

tonynw wrote: »

I thought reduction in insurance group should have brought the premium down not up ????

You thought wrong.

magpiecottage

I can't help thinking the OP is talking with no understanding of underwriting risk and how different underwriters reach different conclusions, based on their own experience and preferred markets.

dunstonh

magpiecottage wrote: »

I can't help thinking the OP is talking with no understanding of underwriting risk and how different underwriters reach different conclusions, based on their own experience and preferred markets.

Easier to call RIP OFF than to learn and understand.

Parking_Trouble

magpiecottage wrote: »

I can't help thinking the OP is talking with no understanding of underwriting risk and how different underwriters reach different conclusions, based on their own experience and preferred markets.

The majority of consumers don't understand underwriting risk and nor should they. They get sucked in by meerkats, pirates, comedy actors and other gimmicks that insurers use to secure your business, although most just fall for the cheapest brand they recognise thinking it will all be OK.

Those in the industry who live and breathe the obscurity and smoke and mirrors of insurance might be able to defend it in their own minds but others do not understand it and never will.