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Car Insurance prices.
It it a fair system? should it be calculated on your driving record / experience / accident free motoring / postcode area / age?
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I have been involved in two 'bumps' in all my years of driving, one fatal.
Neither were my fault, in the non fatal one the other driver was prosecuted for dangerous driving.
So, even though I have been driving over 30 years, choose to drive a car that is neither a thief magnet nor antoganistic to other drivers looking for somebody to race, keep my car locked in my garage you think I should pay more?
A car parked outside a house on a busy road is more likely to get bumped. An inexperienced driver is more likely to have an accident.
Certain cars are more likely to be stolen than others.
Somebody who drives 50k miles a year is more likely to have a bump than somebody who drives 5k.
I may be biased as I pay under £200 per year fully comp with the all the add ons, but I think it works just fine as it is.
Neither were my fault, in the non fatal one the other driver was prosecuted for dangerous driving.
So, even though I have been driving over 30 years, choose to drive a car that is neither a thief magnet nor antoganistic to other drivers looking for somebody to race, keep my car locked in my garage you think I should pay more?
A car parked outside a house on a busy road is more likely to get bumped. An inexperienced driver is more likely to have an accident.
Certain cars are more likely to be stolen than others.
Somebody who drives 50k miles a year is more likely to have a bump than somebody who drives 5k.
I may be biased as I pay under £200 per year fully comp with the all the add ons, but I think it works just fine as it is.
Indeed it is standard practice to disallow NCB if you have not had an active insurance policy on a vehicle for something like 3 or more years. That seems fair to me. You might have driven a lot in your life, but if you haven't driven for 3 years or more then you're likely to be rusty. You're not legally obligated to complete a refresher course so instead you lose your NCB.
It makes sense really. Say you had 10 years NCB but hadn't driven for another 10 on top of that. Would you still expect the NCB to apply? The line has to be drawn somewhere.
I think the manner in which car insurance is calculated is fair in terms of calculated risk and likelihood of claim. I also think it's good that people who have poor credit histories are taken into account and charged more, since they are less likely to pay when it comes to it. On the other hand the 'renewal price' is a complete fiasco. Quoting loyal customers above the odds just on the chance they won't shop around is a nail in the coffin of good customer service and it is a trait that other industries follow now too. Your loyalty as a customer is worth less than dirt.
It makes sense really. Say you had 10 years NCB but hadn't driven for another 10 on top of that. Would you still expect the NCB to apply? The line has to be drawn somewhere.
I think the manner in which car insurance is calculated is fair in terms of calculated risk and likelihood of claim. I also think it's good that people who have poor credit histories are taken into account and charged more, since they are less likely to pay when it comes to it. On the other hand the 'renewal price' is a complete fiasco. Quoting loyal customers above the odds just on the chance they won't shop around is a nail in the coffin of good customer service and it is a trait that other industries follow now too. Your loyalty as a customer is worth less than dirt.
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