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Surprised this hasn't been mentioned yet

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Surprised this hasn't been mentioned yet

i think it should be fairer but that said it might be fair now?

ive never had a crash that was my fault. 5 years driving. still paiyng silly money for my car as im 22 male. mrs 19 just past a test can insure my car for less than me with 5 years experience and no claims......

but same goes for other things. you have to discriminate sex wise in this aswell as age, location, history ect. its how they work out your risk factor. being a male ill be honest and say i drive quick and race other men lol. i dont often see women doing the same.



its out own fault male insurance is higher. we do crash more and claim more fact....
 
I think it would be fairer if you start everyone out the same but seriously penalise those who drive like idiots and write off their cars. It's unfair to charge a sensible young lad a huge premium simply because some of his peers are stupid. It could be difficult to police though. someone hitting black ice and writing off their car is simply bad luck and not necessarily bad driving so would it be fair for them.

Ok, I don't know what the answer is but I know if I was a 17 year old bloke I'd be furious to be prejudged as a bad risk.
 
tbh you should be furious that living in a certain area (out of your control) makes your premium sky high too.

they have to have differences,
 
You could always move ;p

But I know what you mean. When I was living in Newcastle a move of just 2 miles made a huge difference in the premium I was paying. Luckily it went down instead of up that time
 
It is not as simple as because of gender, steve kinda hit it on a note.

There are enough data in the insurance in the database to show there is a statistical difference between a 17 years old male and a 17 years old female, is not like they are saying because you are a guy you will pay more. The analysis go much further back then that.

I personally, don't have a problem with it at all as they calculate the insurance premiums via historic data and the insurance company make a mark up on it. I think what we need to complain is that the insurance company should make less money in the current climate!

Ming
 
theres no justification for my insurance having gone up £200 this year alone on a £600 policy.

how anyone can say then prices are fair is beyond me, general statistics dont make for fair risk assement on an individual. just because some grotty spotty 19 year olds roll their saxo in a field and kill a passenger doesnt mean i'm away out to buy a saxo to roll in a field killing my passengers, so why should i pay more becuase some people do? i can't control what other people do and i can't control the fact i'm a young(ish) male, so why should i, as a responsible motorist be tarred with the same brush and pay for others stupidity when it's something i have zero control or influence over?

unfortunatley, i think we know this rulling wont actually hvae any effect, and to be fair, i think it will affect women in a hugely negative way.

you think insurance companies will charge men less? nope, they have a ready made excuse now to put womens insurance up to match the mens prices "because they have to" and therefore, coin in even more money than their fat, oversized wallets can handle.

don't even get me started on companies offering deals then move the goalposts every year so you are never eligible for their "discount"
 
Andi_F said:
What I don't get is why my insurance went up by £70.
Previous Car- Sei Sporting, group 3insurance
Current Car- GP Dub, group 2 insurance, so you would think it would go down, not up.....
Click to expand...

vat rise and the GP is more valuable, so the insurance need to cover the fact they'd have a bigger range of repairs to pay for before the car was considered a write off
 
Mrcento said:
theres no justification for my insurance having gone up £200 this year alone on a £600 policy.

how anyone can say then prices are fair is beyond me, general statistics dont make for fair risk assement on an individual. just because some grotty spotty 19 year olds roll their saxo in a field and kill a passenger doesnt mean i'm away out to buy a saxo to roll in a field killing my passengers, so why should i pay more becuase some people do? i can't control what other people do and i can't control the fact i'm a young(ish) male, so why should i, as a responsible motorist be tarred with the same brush and pay for others stupidity when it's something i have zero control or influence over?

unfortunatley, i think we know this rulling wont actually hvae any effect, and to be fair, i think it will affect women in a hugely negative way.

you think insurance companies will charge men less? nope, they have a ready made excuse now to put womens insurance up to match the mens prices "because they have to" and therefore, coin in even more money than their fat, oversized wallets can handle.

don't even get me started on companies offering deals then move the goalposts every year so you are never eligible for their "discount"
Click to expand...

I have given a general example, that is the only way they can price their policy.

Past data don't lie, they have enough data there to prove that the likelihood of a young male person will crash more often to a young female person. That is why it cost more for the young male driver. What is unfair about that?

So do you think they should do a risk assessment on each individual ? That would cost them a so much money interms Acturial and Statistians needed!

How you think they should price their policy? Based on the person telling them I am not a boy racer charge me less?

Ming
 
Problem with the car insurance industry is it's not regulated.

Regardless of circumstance, driving history, convictions etc the companies can basically quote whatever the hell they like. The whole quote system, as Mark illustrates, seems entirely random and doesn't seem to bear in mind facts, driver history or anything neccessary. I've been there with the Vec, it cost's me more to insure it than the HGT did. And I know which I'd expect to cost more...

Perhaps the Government should finally get round to regulating the insurance industry...but for some funny reason they always seem reluctant to. I can hardly think of any other industry where there's no independant regulation.

Bugger is, our insurance premiums won't go down because of this ruling. We'll all just get screwed now in equal measure, while insurnace companies rub their hands in glee.
 
YcMing said:
Past data don't lie, they have enough data there to prove that the likelihood of a young male person will crash more often to a young female person. That is why it cost more for the young male driver. What is unfair about that?
Click to expand...

ok, have a think about this then. it amounts to the same thing. (i know this one will soound racist, but in using it in comparasion as a point)

a black man is statisticly 30% more likely to be involved in serious crime than a white man. does that mean we should go around arresting all black men just incase they are involved in criminal activities? does it hell.

"but statistics prove" blah blah blah. it's all nonsense. statistics are a handy way for people to bend the truth. you can't tar everyone with the same brush

by the way, have you actually seen the accident stats for young male and female drivers? i mean, read beyond the headlines of "young male drivers are nearly twice as likley to crash than young female drivers" it's the very definition of a flawed statistic.

1) there are more young male drivers than female, (more drivers = more chances of accidents). this has never been factored into the headline figure, it's just total accidents that are used. when that has been factored in male drivers are only 10% more likley to be involved in an accident.

2) the figures don't include fault based claims, just young drivers involved in accidents. again more drivers = more chance of being hit than a female driver. the extra risk then is probably down to about 5 or 6%. not quite as eye catching as nearly 50% and definitley not justification for charging guys over double
 
Martyn said:
Problem with the car insurance industry is it's not regulated.

Regardless of circumstance, driving history, convictions etc the companies can basically quote whatever the hell they like. The whole quote system, as Mark illustrates, seems entirely random and doesn't seem to bear in mind facts, driver history or anything neccessary. I've been there with the Vec, it cost's me more to insure it than the HGT did. And I know which I'd expect to cost more...

Perhaps the Government should finally get round to regulating the insurance industry...but for some funny reason they always seem reluctant to. I can hardly think of any other industry where there's no independant regulation.
Click to expand...

the can charge whatever the hell they like. this suits the government simply because the more they charge, the more tax the government gets. basicly as long as we pay it and the government gets payed, thats all that matters to them.
 
by the way, can anyone come up with justification of insurance costs for imports? especially when the car is identical to a uk spec one

been looking at jap cars recently, a uk spec one for one model is £650, a lower powered import spec is £1400, the imported one with the same as uk spec is £1660!

it's basicly any excuse to milk more money.
 
Don't really fancy going into the whole arguments, what I stated is just a generally arguments that the insurance comapny can prove with the pastr data.

As for statistics bends the truth, I have stuided that stuff with 4 years mate. And it is more complicted just naming percentages.

Have you taken any sort of medicine in your life ?

Ming
 
So could people suggest a better way of pricing insurance instead of basing it with what we have, data?

As for imports, you sure it is exactly the same spec? The UK del sol and JDM del sol is different, so the insurance "thinks" the parts will be more to get from japan, which is true.

Remember, I obviously want the insurance prices to go down. But don't think there is another way to go about it. But I don't think I am paying anything that could consider "high"

Del sol SIR imports - £430 fully comp with business use
Cappo UK - £366 fully comp with business use

Ming
 
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