I'm at a loss to see how companies price up car insurance!!!

Been looking at quotes, and most have seemed like they have thought of a high number, doubled it, and added a grand on.

I'm 21, 3 years experiance, had one claim, which is now coming back to annoy me!!!

I have just done some quotes on Confused.com, and most were between

its becase insurance companies are s4ite sorry i cant be more help but i have the exact same problem im 19 two years no claims and most places just laught at me wait till your 25 then you get in to the (safe driver bracket) how much do you pay at the moment.......... when i had my 1.25 fiesta they wanted

the '25 year old safe bracket' is no more - now more likely 30... :(

They weigh up all the pro's and con's of the driver in question incl. parking address, parking conditions, work address, work type, commute or not, and most of all previous accidents and convictions.

Its all risk management which is basically aq huge stats machine number crunching with a few very well paid risk assessors putting in potential risk factors.

Almost impossible to predict (except the obvious) so shop around...

Try Chris Knott, they saved me £50 for being a car forum member...

Details in insurance section...

HTH

I thought all insurnace companies just used a random number generator :confused: It seems that way to me anyway :thumbdwn:

the '25 year old safe bracket' is no more - now more likely 30... :(

They weigh up all the pro's and con's of the driver in question incl. parking address' date=' parking conditions, work address, work type, commute or not, and most of all previous accidents and convictions.

Its all risk management which is basically aq huge stats machine number crunching with a few very well paid risk assessors putting in potential risk factors.[/quote']

Plus there's a factor of how much they want your business, the companies do target different markets at different times and quote accordingly.

The "25 year old safety bracket" definitely doesn't exist for premiums, though I found it reduced the mandatory excess on most policies I was quoted on.

I don't think the "30 year old safe bracket" even exists any more - I know people who are 30+ with no NCB, and they are paying as much as I was when I was 22 with no NCB.

Rob.

Or the other way to look at it is would you insure someone who has been driving for 3 years with 1 claim on a "perfomance" car? With the number that seem to be getting pranged and written off by inexperienced drivers, I can only see it getting more difficult to get a good premium! :(

Chris

Cost to repair forms the basis of a quote.

Then, statistically how likely is the driver to have an accident? If young\inexperienced\bad record then more likely than someone with plenty of experience, no accidents in the past, to be a potential loss for the company.

After that where you live etc because if you live near scallies then you're more likely to have no car in the morning.

To get cheap insurance, buy a car that's really cheap to repair, hold your license years, never have an accident, and move to somewhere really nice

A major factor in the descrepency between companies can be wether they use your full postecode for risk assessment, for eg if company just uses BD for bradford then a quiet village is lumped in with 'no go ' estates.

Postcode appears to have a huge effect.

A colleague is a foreign national and has claimed in the past. He is one one year older than I am, but I have a full ncb. We've had similar cars before, but he paid much less for insurance. His Boxster insurance is now approximately the same as my Octavia's :thumbdwn:

We did a test on a www premium claculator and the difference is that I have a M## postcode and he has a WA## postcode. Despite the fact that I live in a quiet cul-de-sac and he lives in an urban flat with a history of car crime......

I'm at a loss to see how companies price up car insurance!!!

Been looking at quotes, and most have seemed like they have thought of a high number, doubled it, and added a grand on.

I'm 21, 3 years experiance, had one claim, which is now coming back to annoy me!!!

I have just done some quotes on Confused.com, and most were between

Double post! DOH

im 22 with 3 years NCB (you say experience, is that NCB?) Im paying

Just have to shop around. Every time I have gone for insurance the quotes seem to vary wildly. For the fabia vrs esure quoted me £850 and the cheapest quote I got was £400. Thats a lot of difference. I am expecting to get considerably lower this year too , but only if all you yoofs out there stop crashing the damn things.

Massive variation. Being lumbered with a postcode can be nasty, though. I live in Macclesfield which in itself doesn't have a high crime rate, but my postcode is shared with some of the suburbs of Southern Manchester. :(

but only if all you yoofs out there stop crashing the damn things.