Answer me this....
- Thread starter merlin
- Start date
Insurance premiums swoop through age. High at first, lowest point is age 50-55 (generally) and then they start to rise again 60's/70's etc. Most insurers walk away at 79.
On the age issue only - statistically the young and the old are higher risk drivers with the middle to mature aged segment presenting the least risk.
Naturally other factors beyond age are at work - but we're talking about age here.
On the age issue only - statistically the young and the old are higher risk drivers with the middle to mature aged segment presenting the least risk.
Naturally other factors beyond age are at work - but we're talking about age here.
What do you make of the admiral group's recent price bonanza, as a person in the industry? Just a ploy to take on thousands of customers and then sting them on renewal or what?
You'll have to fill me in with their latest con.....
Helphire are in court more regularly than your local judge.
There's a solution around the corner apparently; helphire have suggested insurers sit down round the table and agree a pricing matrix. Insurers seem happy to talk but they want some form of official regulation/regulatory body with members from both sides sitting in the power seats.
Bottom line is the sillyness needs to end, and it will end.
£600 a day for a Ferrari F430? What insurer would take that on the chin?
There's a solution around the corner apparently; helphire have suggested insurers sit down round the table and agree a pricing matrix. Insurers seem happy to talk but they want some form of official regulation/regulatory body with members from both sides sitting in the power seats.
Bottom line is the sillyness needs to end, and it will end.
£600 a day for a Ferrari F430? What insurer would take that on the chin?
Bit silly really, people could be suckered into buying on that alone and then in 12 months time when the renewal comes through the car will be on autotrader.
Clearly prices like that are not sustainable. I'd say jump on board but don't under any circumstances buy a car because of Admirals dash for market share.
Who are they owned by btw?
Just wondering if Admiral were/are owned by RBS.
RBS are selling NIG Corporation (Insurance company) to raise cash to sort out their sub-prime problem. Just wondering if Admiral were connected to RBS as dipping your premium rates is a great way to bring in cash very quickly. Long term of course it's suicide but the Banks appear to be crapping their pants atm.
RBS are selling NIG Corporation (Insurance company) to raise cash to sort out their sub-prime problem. Just wondering if Admiral were connected to RBS as dipping your premium rates is a great way to bring in cash very quickly. Long term of course it's suicide but the Banks appear to be crapping their pants atm.