Car insurance varying massively on same model of car

MilkyBar756

Hi all,

I’m a young driver looking to get a second car however I’m running into trouble with insurance quotes. I’m looking at the same model of car, although I’m noticing some quotes varying massively over a 1000 pounds between cars. This is from the same company & I’m not really sure why. Any ideas?

Brie

different deductibles?  different add ons??  change your profession that might help or not.  Add your mom to the policy that will likely help.

Norman_Castle

MilkyBar756 said:

 I’m looking at the same model of car, although I’m noticing some quotes varying massively over a 1000 pounds between cars. This is from the same company

Same model but different engine or trim levels? Its likely the base/beige models are bought to drive and the gti/turbo/s models are bought to drive stupidly with the result of higher claims.

Alderbank

A young driver running two cars is not that common. A young driver running two identical cars (e.g. two Escort Mk1 RS2000) must be very unusual.
Comparison sites are not set up for the very unusual and don't cope well with them.
Is this a business proposition e.g. wedding cars?
Perhaps they suspect some kind of ringer scam?
Quoting a stupidly high premium is often a polite way of refusing to quote. Going to a broker and explaining why you need to run two of the same cars on the road at the same time might get you the best deal.

Out of curiosity why do you need to run two of the same cars on the road at the same time?

macman

Does the OP mean a replacement car of the same model maybe?

DullGreyGuy

Your first car presumably has a NCD on it whereas your second car wont. Your first car you can say you've owned for X years/months whereas the second car will be 0 months (the insurers wont factor in you own an identical car). 

You say its the same model but is it the same mark? A C180 and C63s may both be a Mercedes C-class model but quotes will be wildly different for the different marks/engine/trim

Morph4610

MilkyBar - are you the only driver on both policies? 

BargainBear

I was previously an underwriter for a large motor insurer for many years.

9/10 it will be the purchase date of the second vehicle driving the increase in premium, as the pricing system will be rating you through the roof due to lack of experience with the new vehicle regardless of it being the exact same make/model/engine size of your current vehicle.  I used to deal with these queries on a daily basis from brokers and would 9/10 allow the brokers to enter the original purchase date of your first car in order for it to avoid the higher risk rating on purchase date, so long as the make/model/engine size matched the original vehicle.  As long as you can get your query/complaint through to the underwriting team you should get someone with common sense reviewing the rating steps of your quote and realising this is what's going on.

One possible way to determine if the purchase price is the rating factor driving the premium increase is to enter the purchase date of your original vehicle, but the vehicle details of the new vehicle.  If the premium is a lot lower, then you've got your answer, plus some ammo to present to the insurer.

As said by someone else, there will also be other rating factors at play which will play a part in your premium, including the lack of No Claims Discount as you can only use this on one live policy at any time.