Another lol insurance thread

Morba said:
Is that what it was, with the experian tool that they were sharing?
Click to expand...

I'm not sure what they use Experian for in this context, I saw the article.

I know that some insurers are using Experian for what they call rating "enrichment" - basically they scoop a credit score on the prospective policyholder and adjust rating according to the score.

SSP though - they're insurance industry software providers and I suspect their involvement is auto-scooping rates off insurers websites (like Go Compare etc would do) and monitoring price differentials.

The worry I think is that insurers were adjusting their prices "on the fly" once the scoop went and gathered competitors pricing.

So, you go to Aviva for a quote - they want to charge you £600 but in the background Aviva send the risk data to SSP - they scoop Aviva's competitors websites and see best quote from said competitors is £800 so Aviva's quote adjusts on the fly to £750 - making them £150 more than their original quote of £600. This if true is naughty - but I suspect it's actually not price adjusting on the fly - it's just scooping data to be studied once a week or once a month or whatever, which is fine.
 
So they'll just go back to having some people in the call centres ringing up each insurer with a set of "standard" data, and getting a "quote" as though they were a normal customer, just like it was before a centralised database of current prices...
 
The Skyline is the most expensive because it's the one drivien by all the ***** and hence crashed the most - more than likely the one stolen the most too.

It the same for Cosworths being expensive to insure. They aren't the fastest but they sure are involved in their fair share of accidents/thefts.
 
RWD Skyline = high probability of on-street drifting and other nobbish driving having just gone to see FastAndFurious3. Supra owners tend to prefer drag racing which is most likely safer. Legnum is for mid life crisis people who are usually at least a bit more sensible.

Yes I know these stereotypes don't apply to everyone, but that's how it will show in the insurance figures.

Anyone remember Paul the drift king on Sussex cars who managed to write off his Skyline and scatter pieces of it across the forest on a 40mph straight road. He blamed ice and said he wasn't driving at an excessive speed.

Edit: Newspaper article that incorrectly describes that Skyline as a golf R32.
 
Last edited:
So how do vehicles get the initial grouping?

I only ask because my 99 Jeep Cherokee Orvis is group 17 which to me is a bit strong. I guess its assumed parts are expensive being or yank origin and are 4x4s more because of the assumed increase damage they will do to other cars/pedestrians?

Its the same grouping as a 99 Impreza Turbo and actual premiums wise there isn't much in it.
 
EddScott said:
So how do vehicles get the initial grouping?

I only ask because my 99 Jeep Cherokee Orvis is group 17 which to me is a bit strong. I guess its assumed parts are expensive being or yank origin and are 4x4s more because of the assumed increase damage they will do to other cars/pedestrians?

Its the same grouping as a 99 Impreza Turbo and actual premiums wise there isn't much in it.
Click to expand...

the vehicle manufacturer would give it a rating based on performance and emissions etc based upon previous vehicles, the main thing insurance companies will look at is volume to payout, so how many of the same car are on the road vs how much they have actually paid out for vehicle of the same type involved in the claims

the engine size/car type will play a part in the price but with normally day to day cars i would expect claim details to be looked at more
 
You must log in or register to reply here.
Back
Top Bottom