Why the 2nd vehicle question?
23 May 2002, 05:29 PM
#2
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Here we go again, doing the phoning 'round at renewal time...
Does having use of a second vehicle increase or decrease a premium? I always wondered why they ask & now have a motorbike.
Logic would dictate a reduction, but logic is irrelevant!
Cheers
Does having use of a second vehicle increase or decrease a premium? I always wondered why they ask & now have a motorbike.
Logic would dictate a reduction, but logic is irrelevant!
Cheers
24 May 2002, 01:48 AM
#3
Diesel,
Don't know the definitave answer, but, i tend
to agree with you ! a reduction
my theory would be - if you have two, you would share your driving between the two and therefore reduce the risk (to the insurance company) !!
alan
Don't know the definitave answer, but, i tend
to agree with you ! a reduction
my theory would be - if you have two, you would share your driving between the two and therefore reduce the risk (to the insurance company) !!
alan
28 May 2002, 12:47 PM
#4
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The insurance industry is a business, not a charity.
If they can find a way to screw some money out of you then they will.
It makes no sense to me why you have to 'earn' a separate NCD on a second vehicle policy.
ie. Hypothetical example.
If you are the sole driver, and choose to own two £10k Scoobys instead of one £20k one, you might find that your friendly neighbourhood Ins.Co. will let you use your NCD on the first one but give you buggerall off the second - effectively ruling it out as a viable proposition.
Notwithstanding the facts that:
a). You can only drive one at a time. ie. the risk of causing an accident is the same as if you were in your single £20k car, and
b). The chances of them BOTH being stolen/catching fire during the year *must be* lower the chances of your single £20k being stolen/catching fire and thus their potentially risk of loss is potentially lower but certainly no more than it would be on a single £20k vehicle!
Over here in Switzerland, I believe that it is still possible to transfer your plates from one vehicle to another (on an adhoc basis as required) thereby allowing you to keep more than one (on private land) and your liability for insurance / road tax etc. is limited to the cost of your 'top' vehicle.
If they can find a way to screw some money out of you then they will.
It makes no sense to me why you have to 'earn' a separate NCD on a second vehicle policy.
ie. Hypothetical example.
If you are the sole driver, and choose to own two £10k Scoobys instead of one £20k one, you might find that your friendly neighbourhood Ins.Co. will let you use your NCD on the first one but give you buggerall off the second - effectively ruling it out as a viable proposition.
Notwithstanding the facts that:
a). You can only drive one at a time. ie. the risk of causing an accident is the same as if you were in your single £20k car, and
b). The chances of them BOTH being stolen/catching fire during the year *must be* lower the chances of your single £20k being stolen/catching fire and thus their potentially risk of loss is potentially lower but certainly no more than it would be on a single £20k vehicle!
Over here in Switzerland, I believe that it is still possible to transfer your plates from one vehicle to another (on an adhoc basis as required) thereby allowing you to keep more than one (on private land) and your liability for insurance / road tax etc. is limited to the cost of your 'top' vehicle.
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