Car insurance- why so high in the UK!

I’m paying the same for a 3 year old Duster in the middle of nowhere, SW France as I was for a brand new C-RV in NE London.

The main policy difference is that anyone with valid licence is insured to drive my French car (with my position, of course).

Car insurance in the USA is mental.
 
Nasher said:
But how would they know. You could just say you were 40 miles away for business reasons, or visiting someone.
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Your insurance could be invalidated based on the address you gave and on which the premium was calculated. It's nothing to do with the place the car was when a claim is made though that may arouse suspicions.

A bit of digging and an insurance company will find out where you live.

wedrum said:
Exactly

That's exactly what i mean..
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You're as confused as Nasher then.
 
Surveyor said:
Your insurance could be invalidated based on the address you gave and on which the premium was calculated. It's nothing to do with the place the car was when a claim is made though that may arouse suspicions.

A bit of digging and an insurance company will find out where you live.



You're as confused as Nasher then.
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Ok have a good night
 
For those suggesting using a different address, I don't really think advising him to commit insurance fraud is a good plan.
 
AWPC said:
Its insane they want as much for insurance as the vehicle actually costs! What a bunch of crooks!
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it’s not insurance just for the vehicle, it’s insurance of the damage the insured (you in this instance) may cause in an accident to other people and property and thus end up costing them.

As you have no NCB, like a form of credit score, you have no proof how safe a driver you are so you are paying for it, add to the fact that you live in central London with no safe place to put your car.
 
Gibbo said:
You have got to shop around.

I insure the Ferrari with ManningUK, including EU and track cover, £850 fully comp
The other 5 cars are on a fleet policy which cost £1700 fully comp and covers me fully comp to drive any other vehicle worth upto 150k.

But without shopping around that could easily be £5000 plus a year, whereas I pay around £2500 for them all and have better cover and more flexible cover too.
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Good to know selling computer parts is still so lucrative :p I can borrow the Ferrari when you are driving the other 5 cars to keep it safe for you ;) (just 1 tiny little thing though I will need insurance for it do you mind :p:D).
 
Raymond Lin said:
it’s not insurance just for the vehicle, it’s insurance of the damage the insured (you in this instance) may cause in an accident to other people and property and thus end up costing them.

As you have no NCB, like a form of credit score, you have no proof how safe a driver you are so you are paying for it, add to the fact that you live in central London with no safe place to put your car.
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Oh well I can get a valid quote for under £1K now not too bad. I just never needed a car before so only ever managed to get about 9 months NCB before I sold my other car many years ago & guess I cannot transfer those 9 months NCB (it was for a group 20 supercar at the time as well though !).
 
[TW]Fox said:
TPFT is also more expensive usually that comprehensive. People who buy TPFT insurance generally care little about the car they are insuring - 'it isnt worth much' and this is then reflected in the statistics for accidents..
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Yep this has been my experience too. My £600 Primera is insured fully comp because it was cheaper. I think the only car I've ever insured TPF&T was my Polo for my first year of driving, because it was cheaper as an 18 year old, and then I went to fully comp the next year.


Raymond Lin said:
As you have no NCB, like a form of credit score, you have no proof how safe a driver you are so you are paying for it, add to the fact that you live in central London with no safe place to put your car.
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NCB often doesn't make as much of a difference as people think. It is often outweighed by other things. For instance he may have no NCD, but he also has no claims in the past X years.
 
Rilot said:
For those suggesting using a different address, I don't really think advising him to commit insurance fraud is a good plan.
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Exactly & I would never ever even consider it anyway as any claim would be invalid if you do not tell the truth!
 
Rilot said:
For those suggesting using a different address, I don't really think advising him to commit insurance fraud is a good plan.
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Absolutely, if I run a quote for my diesel focus from my parents address it’s under £200, because I live in an area that would be improved by a Beruit port explosion its instead about £550, simply because I don’t live at my parents address....
 
Insurers have whole application fraud teams whos entire job is to look for people trying to game the system. There is always a chance you'll get away with it, but if they suss you out they'll come after you for the correct premium or just invalidate your policy completely.

And then in the event of a claim, anything remotely suspect and that'll end up with the claims fraud team to investigate aswell.

I know the general perception is that Motor insurance is expensive, but the profit margins on motor insurance are very fine, and insurers work very hard to make sure that they've collected the correct premium for the risk.
 
Don't forget profession, it can make quite a difference.
Assumption being that if your say a lawyer chances are you will have similar friends and could eg go out to lunch with 3 other lawyers in your car. Should you do something stupid and cause bad injuries to 3 work collegues the claim from them is likely to be far mroe significant than if you work in a low paid job such as a fast food server.

The problem with lying about anything to do with insurance is that when it matters most its the time your most likely to be checked out.
When I worked in insurance we had a specialist arm for super cars and high net worth individuals, one case was having DNA testing performed on the steering wheel due to the 3 occupants being killed and needing to resolve who was driving as it was reported the person driving wasnt the owner. I never did find out what happened as I left and lost contact with those people.
 
Doesn't your driving license and your insurance need to be at the same address? Maybe I'm wrong, but I remember my sister getting in trouble for something along those lines.
 
Mercenary Keyboard Warrior said:
Don't forget profession, it can make quite a difference.
Assumption being that if your say a lawyer chances are you will have similar friends and could eg go out to lunch with 3 other lawyers in your car. Should you do something stupid and cause bad injuries to 3 work collegues the claim from them is likely to be far mroe significant than if you work in a low paid job such as a fast food server.
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It varies where you look but not many jobs appearing in top tens fit your criteria.

The top ten highest priced job titles:
  1. Professional footballer
  2. Sportsperson
  3. Fast food delivery driver
  4. Scrap dealer
  5. Apprentice
  6. Car wash attendant
  7. Student (living at home)
  8. Town clerk
  9. Doorman
  10. Carpenter's assistant
How does your job title affect your car insurance?
  1. Fruit and vegetable pickers
  2. Waiters
  3. Builder’s labourer
  4. Factory packers
  5. Painter
  6. Car valet
  7. Security guard
  8. Construction worker
  9. Barber
  10. Delivery courier
Can your job title really affect your car insurance?
  1. Driver
  2. Chef
  3. Hairdresser
  4. Bar staff
  5. Fitness instructor
  6. Physiotherapist
  7. Social worker
  8. Travel agent
  9. Midwife
  10. Pharmacist
The most expensive and cheapest job titles for car insurance
 
Scania said:
Absolutely, if I run a quote for my diesel focus from my parents address it’s under £200, because I live in an area that would be improved by a Beruit port explosion its instead about £550, simply because I don’t live at my parents address....
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Is it not fair that the premium actually reflects the fact that your car is insured in your postcode rather than your parents’?
 
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