Insurance Price

[keat63]

My 17 year old daughter passed her test last week.
I've bought her a 1.4 Sporting.
We've registered and Insured the car in her name, and managed to get the premium down to £947 (fully comp), with some serious jiggery pokery.
All legit, no lies, no falsifications with Admiral.
She's well happy.

Just need to sort out a few niggles on the car now.

 

[AgnessGP]

Brill! Well done to her

Just shows how much cheaper females are still getting insured for! Be grateful

 

[keat63]

No doubt the system will get me back when she gets married :-(
What goes around, comes around eh !!

 

[KrisPrince]

My 17 year old daughter passed her test last week.
I've bought her a 1.4 Sporting.
We've registered and Insured the car in her name, and managed to get the premium down to £947 (fully comp), with some serious jiggery pokery.
All legit, no lies, no falsifications with Admiral.
She's well happy.

Just need to sort out a few niggles on the car now.

Thats re-markable, wonder if i had a sex change i would be able to get my insurance down - £947 for 1st Years Insurance, i would be dancing around the street if mine was that cheap. took me 3 years to get it down to £650ish

 

[Bradley1500]

Sounds really good to me as well, same car would cost me around £2000 and I've got more experience driving!

 

[Most Easterly Pandas]

Just shows how much cheaper females are still getting insured for!

Not from 21st December

 

[keat63]

wonder if i had a sex change i would be able to get my insurance down

Well they say that boys and girls are treated the same, but I know for sure that this is bobbins. Use one of the comparison sites, get a quote, then ammend the quote and simply change your sex.
It changes.
Some serious comparison site tweaking brought her insurance down from £3000 to around £1250, then having a safe driver box installed and bunging it on a 4 car multi policy, we got it down to £881 in a 1.2 but we bought a 1.4 so it went up slightly to £947. Also got my eldest daughter in a 1.6 Street KA down from £680 to £409, and my wifes new Citroen C1 from £177 to £120.
My Kia Sportage went up by £74.00 though. However considering we saved about £600 on the other 3, i think it was worth the effort.

 

[Most Easterly Pandas]

Well they say that boys and girls are treated the same,

No they don't. Its a well knows fact that gender is a key rating factor, that is until 21st December when gender neutral pricing comes into force

 

[Jonjo]

I doubt male prices will drop though? Just the female prices higher and more profits for insurance company! woo.

 

[keat63]

If they can't use gender as a rating factor, then what can they legally use.
It's well known, that by enlarge a higher percentage of young men are a higher risk due thier agressive driving style.
However, If they prove that they don't actually fall into the idiot category, then they should be rewarded as such.
Surely morally, the insurance companies now have a duty to merit each person in thier own right.
But I doubt that this will happen though.

My daughter is having a safe drive box installed. I'm going to ask for statistics at the end of the year. If her insurance goes up, i might find one of these no win, no fees companies to challenge it in the courts.

 

[keat63]

http://www.comparethebox.com/blog/car-insurance-is-becoming-genderless-in-december-2012/

 

[AgnessGP]

Those boxes are great in accidents. I used to have one and it once proved i was going 23 mph rather than the alleged "speeding" which the other driver accused me of .Regarding male drivers though, i believe statistics are now equal; come to rotherham for the day the amount of crazy female, young drivers is mad.

 

[Most Easterly Pandas]

I doubt male prices will drop though? Just the female prices higher and more profits for insurance company! woo.

Some will raise, some will lower, will depend how the risk is accessed on the new rating criterias

If they can't use gender as a rating factor, then what can they legally use.
It's well known, that by enlarge a higher percentage of young men are a higher risk due thier agressive driving style.
However, If they prove that they don't actually fall into the idiot category, then they should be rewarded as such.
Surely morally, the insurance companies now have a duty to merit each person in thier own right.
But I doubt that this will happen though.

All other rating factors will be rated a lot more stringently. All companies will be using different methods. They've all had to demonstrate to the FSA and office of fair trading what these methods are, but not discuss between them. Office of fair trading stipulated it had to be done this way, so all companies don't just do the same thing and hike prices for certain people - ensures competition remains.

Gender neutral price WILL happen as its a legal requirement, and the FSA along with the office of fair trading have had to approve all insurance companies and the methods their using to comply with this new ruling.

With regards to your last comment, you'd have little luck as they won't have to use those statistics at renewal.

 

[Didge3]

A lot of insurance companies will say that both male and female young drivers have the same number of accidents its usually the scale of the accident, for example a brand new male driver might come off a country road and end up in a ditch because he misjudged his speed however a girl of the same age and little driving experience might pull onto a round-a-bout without looking properly and bump into another car.
The same number of incidents occur but the boys car is likely to be written off whereas the girls might just need to pay for the damage to the other car.

 

[Most Easterly Pandas]

A lot of insurance companies will say that both male and female young drivers have the same number of accidents its usually the scale of the accident, for example a brand new male driver might come off a country road and end up in a ditch because he misjudged his speed however a girl of the same age and little driving experience might pull onto a round-a-bout without looking properly and bump into another car.
The same number of incidents occur but the boys car is likely to be written off whereas the girls might just need to pay for the damage to the other car.

Well it'll depend upon the insurance company and their claims history data, as most use their own.

 

[Didge3]

Well it'll depend upon the insurance company and their claims history data, as most use their own.

I heard it all from ringing insurance companies, three different ones said roughly the same thing about the number of accidents in young drivers.

 

[Most Easterly Pandas]

I heard it all from ringing insurance companies, three different ones said roughly the same thing about the number of accidents in young drivers.

3 isn't many

As I said, all rate policies differently. Same may use the same or similar rating factors, but how they are used can be very different.

 

[KrisPrince]

Also depends where you live........ Town, City, Countryside

 

[volxstu]

I cant believe nobody has requested a pic of said Daughter?

 

[ChrisUK]

Pfft 17? Jailbait much?