Car insurance across different cars
#1
Scooby Regular
Thread Starter
Join Date: Nov 2002
Location: Throwing myself down a mountain at every opportunity...
Posts: 6,794
Likes: 0
Received 0 Likes
on
0 Posts
Car insurance across different cars
I do often wonder just how these companies come up with their quotes.
I'm getting quoted more for a £15k M5 than for a £35k RS6, with all the same details
Go figure.
I'm getting quoted more for a £15k M5 than for a £35k RS6, with all the same details
Go figure.
#3
Scooby Regular
Thread Starter
Join Date: Nov 2002
Location: Throwing myself down a mountain at every opportunity...
Posts: 6,794
Likes: 0
Received 0 Likes
on
0 Posts
Yeah I guess, but then it's > half the value, slower, less powerful etc.
Not complaining as such, I know there is a price to pay for these cars, but I do wonder at the logic sometimes
Not complaining as such, I know there is a price to pay for these cars, but I do wonder at the logic sometimes
#4
Scooby Regular
Join Date: Sep 2006
Location: Cheshire
Posts: 313
Likes: 0
Received 0 Likes
on
0 Posts
My theory behind all car insurance is they have a large wheel Vic and Bob style, with random quotes/numbers on it. When you ring up somebody spins the wheel and thats your quote. If they get a high figure some bells rings and they all have a party in the office.
That might explain how a I can get a Subaru STI, 350Z cheaper than a S2000 by £300.....
That might explain how a I can get a Subaru STI, 350Z cheaper than a S2000 by £300.....
#5
Scooby Regular
Join Date: Mar 2002
Location: Bradford
Posts: 13,720
Likes: 0
Received 0 Likes
on
0 Posts
No the reason you get an STi and 350Z cheaper than an S2000 is because there is one binned pretty much every day. Read S2ki.com for today's effort - 05 Moonrock somewhere in a ditch in England
#6
Scooby Regular
Join Date: May 2005
Location: Here, There, Everywhere
Posts: 10,619
Likes: 0
Received 0 Likes
on
0 Posts
I was once told, rightly or wrongly off an insurance company that when a certain car falls to a level where undesirables are able to afford them, the car then becomes a higher risk.
So, more people can afford a £15k M5 than a £35k RS6. Meaning younger drivers who are at a higher risk of crashing, make the insurance go up for everyone with the same car.
Point proven years ago, when I was getting quoted more for my 3 year old 106GTI than I was for a brand new Clio 172 Mk2. As they said. Second hand values of the 106 mean younger drivers can now afford it, but they can't afford the Clio.
So, more people can afford a £15k M5 than a £35k RS6. Meaning younger drivers who are at a higher risk of crashing, make the insurance go up for everyone with the same car.
Point proven years ago, when I was getting quoted more for my 3 year old 106GTI than I was for a brand new Clio 172 Mk2. As they said. Second hand values of the 106 mean younger drivers can now afford it, but they can't afford the Clio.
#7
Scooby Regular
Join Date: May 2005
Location: Here, There, Everywhere
Posts: 10,619
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Saxo Boy
No the reason you get an STi and 350Z cheaper than an S2000 is because there is one binned pretty much every day. Read S2ki.com for today's effort - 05 Moonrock somewhere in a ditch in England
Trending Topics
#8
Scooby Regular
Join Date: Mar 2002
Location: Bradford
Posts: 13,720
Likes: 0
Received 0 Likes
on
0 Posts
#9
It is all down to claim stats on each car.
In my case.....(a few years ago now)
Modified 1993 Astra GSI Turbo, value £5k, 300bhp....£700 per year
changed to....
Standard 1993 Subaru Impreza WRX, value £5k, 240bhp....£1450 per year
In my case.....(a few years ago now)
Modified 1993 Astra GSI Turbo, value £5k, 300bhp....£700 per year
changed to....
Standard 1993 Subaru Impreza WRX, value £5k, 240bhp....£1450 per year
#10
Scooby Regular
Thread Starter
Join Date: Nov 2002
Location: Throwing myself down a mountain at every opportunity...
Posts: 6,794
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by stilover
I was once told, rightly or wrongly off an insurance company that when a certain car falls to a level where undesirables are able to afford them, the car then becomes a higher risk.
So, more people can afford a £15k M5 than a £35k RS6. Meaning younger drivers who are at a higher risk of crashing, make the insurance go up for everyone with the same car.
Point proven years ago, when I was getting quoted more for my 3 year old 106GTI than I was for a brand new Clio 172 Mk2. As they said. Second hand values of the 106 mean younger drivers can now afford it, but they can't afford the Clio.
So, more people can afford a £15k M5 than a £35k RS6. Meaning younger drivers who are at a higher risk of crashing, make the insurance go up for everyone with the same car.
Point proven years ago, when I was getting quoted more for my 3 year old 106GTI than I was for a brand new Clio 172 Mk2. As they said. Second hand values of the 106 mean younger drivers can now afford it, but they can't afford the Clio.
Thread
Thread Starter
Forum
Replies
Last Post
ossett2k2
Engine Management and ECU Remapping
15
23 September 2015 09:11 AM