Proof that insurance is a postcode lottery!

West · 20 Jun 2007 at 13:45

Well, we had a date for the move yesterday so I thought i'd get a start on changing my adresses for everything.. at the moment we live in a WS15 code, and we're moving to a WS11... so I rang direct line, and she told me my premium will be reduced from £2016 down to a whopping £1600... without even my mums 10% discount!

utajoker · 20 Jun 2007 at 13:46

you pay 2000 for insurance on a mini! :eek:

saitrix · 20 Jun 2007 at 13:49

Well yes it is based on risk assesment for theft etc.

You know with that drop in price you now need to get a remap for the Mini to get it to 125bhp.

[TW]Fox · 20 Jun 2007 at 13:52

saitrix said:
Well yes it is based on risk assesment for theft etc.

This is what they claim, but I bet if West had been a 65 year old man his quote would not have dropped by £400, infact i doubt his total premium would have been that much.

This is the part I don't really understand about insurance.

saitrix · 20 Jun 2007 at 13:54

[TW]Fox said:
This is what they claim, but I bet if West had been a 65 year old man his quote would not have dropped by £400, infact i doubt his total premium would have been that much.

This is the part I don't really understand about insurance.

Might be done as a percentage of the premium. Only way I could think it works, not very fair method though.

Kreeeee · 20 Jun 2007 at 13:55

utajoker said:
you pay 2000 for insurance on a mini!

Not even a very well specced one iirc.

Simian · 20 Jun 2007 at 13:58

According to an Insurance Broker Friend of mine, I used to live in the Lowest Cost area in England (not including Scotland etc..), and it IS all about Post Codes!!...

I moved out of my Mum n' Dad's house in Thatcham, where I was paying £722/y Fully Comp for my Cooper (Proper one not a BMW 1/2 Series

), to My First Flat in Lyneham Wiltshire!... My Premium went down to £320/y... Less than 50%

I've never paid what you'd call an Extortionate amount for insurance!...

I just want to know what happens with those people who 'Bought' a Post Code (iirc you could do this at one point... if you live in a nast post code in say Liverpool, you could 'Buy' a nice one from the Cotswolds or summut!!)

divine` · 20 Jun 2007 at 14:03

[TW]Fox said:
This is what they claim, but I bet if West had been a 65 year old man his quote would not have dropped by £400, infact i doubt his total premium would have been that much.

This is the part I don't really understand about insurance.

65 year old men drive Rovers and no one wants to steal those. Fairly simple logic really.

[TW]Fox · 20 Jun 2007 at 14:23

divine_madness said:
65 year old men drive Rovers and no one wants to steal those. Fairly simple logic really.

Whereas the stolen market is crying out for bottom of the range Mini's with fake stripes

Mikeyboy · 20 Jun 2007 at 14:27

divine_madness said:
65 year old men drive Rovers and no one wants to steal those. Fairly simple logic really.

My dad drives a Sapphire RS Cosworth 4x4.

divine` · 20 Jun 2007 at 14:32

[TW]Fox said:
Whereas the stolen market is crying out for bottom of the range Mini's with fake stripes

Considering the Mini ONE tends to be an easier car to sell than the Cooper or Cooper S, I wouldn't be surprised

West · 20 Jun 2007 at 15:07

Kreeeee said:
Not even a very well specced one iirc.

Your point?

Don't forget I'm still 18... no ncb till feb and a havnt had my license a year untill november..

chris.tarry85 · 20 Jun 2007 at 16:30

2K on a base model Mini really does seem a huge amount.

I'm 21 and been driving for 4 years, and my girlfriend (who is 20 and still on a provisional) and I both got insured on our new 1.8T 225 TT for less than £700.

Do you live in the Bronx?,

Dogbreath · 20 Jun 2007 at 17:02

Insurance premiums are indeed a mystery. The best quote I had for my Civic at the end of last year came to about £380 from Churchill. Recently I have been looking around for my next car and getting insurance quotes online, so out of curiosity I stuck the Civic details back in just to see what came up. £230 through Admiral!

I can only ever remember getting a reduction in premium once or twice in the last 15 years, despite an almost perfect claim history (one claim against 3rd party ~9 years ago), and my premiums have always been very high for my age and car (most likely due to location). So how come my premium has suddenly dropped by 40%? Not complaining of course...just curious.

One annoying thing is that I started a policy with Norwich Union when I got my MR2 and had 5 years NC from my previous policy (also with NU). When I sold the car about 4 years later and got my proof of NC, it still said 5 years. This would be fine...but going from the online forms, some insurers appear to accept more than 5 years NC.