Answer me this....

merlin · 19 Jun 2008 at 21:31

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.

merlin · 19 Jun 2008 at 21:33

[TW]Fox;11925023 said:
This is becuase OAP's drive Honda Jazz's at 13mph, its impossible to crash.

Crashing isn't a judge of how good a driver you are or Petter Solberg would be the worst driver ever and my Gran would be a better driver than him.

Proportionally (!) old people cost insurers a lot of money.

Jez · 19 Jun 2008 at 21:36

merlin said:
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.

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?

merlin · 19 Jun 2008 at 21:37

Jez said:
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.....

Muffin` · 19 Jun 2008 at 21:38

Is HelpHire and injury claims starting to make thier way through to customers?

Quote for St220 for me is 1k different then 7 months ago

robbi187 · 19 Jun 2008 at 21:42

pc-modd said:
Yer..

I would say old people though as they drive slow and often don't have a bloody clue about what is around them. I'm convinced old people think they are the only people on the road.

Thats because their alzheimer's keeps kicking in every 2 seconds and they are powerless to its actions.

Simon · 19 Jun 2008 at 21:43

[TW]Fox;11925023 said:
This is becuase OAP's drive Honda Jazz's at 13mph, its impossible to crash.

Crashing isn't a judge of how good a driver you are or Petter Solberg would be the worst driver ever and my Gran would be a better driver than him.

Dont remind me about old people and Jazz's :mad:

Jez · 19 Jun 2008 at 21:45

merlin said:
You'll have to fill me in with their latest con.....

We were all testing it on IRC the other night.

I am 22, i have 6 points for speeding, 2 accidents (1 fault), and 1 NCB.

Even putting in an F599 i cannot get the quote over about £1300. My 4.3 merc is £600, my S2000 is £1050, and my proposed 996 C4 aero will be around £1200

This is with class 1 business use too.

Just...wtf! How can they do this. Fox got a quote for a 996 Turbo at £700!

merlin · 19 Jun 2008 at 21:46

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?

Scuzi · 19 Jun 2008 at 21:47

Jez said:
We were all testing it on IRC the other night.

I am 22, i have 6 points for speeding, 2 accidents (1 fault), and 1 NCB.

Even putting in an F599 i cannot get the quote over about £1300. My 4.3 merc is £600, my S2000 is £1050, and my proposed 996 C4 aero will be around £1200

This is with class 1 business use too.

Just...wtf! How can they do this. Fox got a quote for a 996 Turbo at £700!

You must have a very low risk postcode or something because I have less points, more NCB and less claims than you and can't get anything like that, even without the points :/

[TW]Fox · 19 Jun 2008 at 21:48

Jez said:
Fox got a quote for a 996 Turbo at £700!

911 Turbo, £752
911 GT2, £1200
M5, £1200
E55 AMG, £1560
F430 Spider, £1920.

Thats with a claim and 2 years NCB.

merlin · 19 Jun 2008 at 21:49

Jez said:
We were all testing it on IRC the other night.

I am 22, i have 6 points for speeding, 2 accidents (1 fault), and 1 NCB.

Even putting in an F599 i cannot get the quote over about £1300. My 4.3 merc is £600, my S2000 is £1050, and my proposed 996 C4 aero will be around £1200

This is with class 1 business use too.

Just...wtf! How can they do this. Fox got a quote for a 996 Turbo at £700!

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?

Jez · 19 Jun 2008 at 21:49

That F430 quote almost seems a rip off with their recent pricing at nearly 2 grand!

Solari · 19 Jun 2008 at 21:50

There's an old duffer in a red Mondeo who parks by the supermarket down the road... I've seen him on several occasions reverse into a spot, hit the car behind's bumper, then pull forward and tap the car in front's bumper... he goes into the shop, gets his papers etc then drives off :eek:

Also saw some granny in a Fiesta this morning revving the car something crazy before pulling away, I was waiting for her to lift the clutch and smack into the car in front

Jez · 19 Jun 2008 at 21:51

merlin said:
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?

Who are what owned by? Admiral say they are underwritten by "EGI Ltd" on their voice things on the phone

[TW]Fox · 19 Jun 2008 at 21:55

EUI Limited

Jez · 19 Jun 2008 at 21:55

How can i get that wrong with how bloody many times ive heard that voice thing recently

merlin · 19 Jun 2008 at 21:55

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.

Rossmac · 19 Jun 2008 at 21:57

[TW]Fox;11925270 said:
911 Turbo, £752
911 GT2, £1200
M5, £1200
E55 AMG, £1560
F430 Spider, £1920.

Thats with a claim and 2 years NCB.

What insurance rating does your postcode get? Must be very low. I'd get laughed at if i asked for a quote for any of them. Northern Ireland is P at the lowest, were i live, its Q usually.

My limit is probably about £2000ish for a BMW 545i. It decends into ridiculum after that!

Clarkey · 19 Jun 2008 at 22:09

No idea how Fox and Jez get these stupid low prices from admiral group, I've just tried a couple and can't get a quote below 2k on anything interesting.