I was 18 when i had my first years insurance. The price for myself driving was in excess of £1500 and with 3 additional drivers it went down to £950. Now that i am looking for quotes for my second year insurane policy its the other way around. For myself its £700 and with 3 additional drivers its £1100 (approx). I really cant understand the insurance companies logic. Has this happend to you, or is it just me. I find that it is strange.....
2007-01-23 08:30:12 · 9 answers · asked by Mike D 1 in Cars & Transportation ➔ Insurance & Registration
Grab a statistics book and read up on the principal of large numbers. All rates are based on this model.
2007-01-23 08:34:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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RE Insurance companies?
I was 18 when i had my first years insurance. The price for myself driving was in excess of £1500 and with 3 additional drivers it went down to £950. Now that i am looking for quotes for my second year insurane policy its the other way around. For myself its £700 and with 3 additional drivers its £1100 (approx). I really cant understand the insurance companies logic. Has this happend to you, or is it just me. I find that it is strange.....
2014-09-26 22:46:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Get and compare quotes from different companies at - INSURERATES.INFO-
RE Insurance companies?
I was 18 when i had my first years insurance. The price for myself driving was in excess of £1500 and with 3 additional drivers it went down to £950. Now that i am looking for quotes for my second year insurane policy its the other way around. For myself its £700 and with 3 additional drivers its £1100 (approx). I really cant understand the insurance companies logic. Has this happend to you, or is it just me. I find that it is strange.....
2014-08-22 06:23:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I might suggest that you try this internet site where you can get quotes from the best companies: http://QUOTES-FOR-INSURANCE.NET/index.html?src=2YAmay9e7fmU
RE :Insurance companies?
I was 18 when i had my first years insurance. The price for myself driving was in excess of £1500 and with 3 additional drivers it went down to £950. Now that i am looking for quotes for my second year insurane policy its the other way around. For myself its £700 and with 3 additional drivers its £1100 (approx). I really cant understand the insurance companies logic. Has this happend to you, or is it just me. I find that it is strange.....
Follow 9 answers
2016-09-06 14:50:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Insurance companies are statisticians, so if your area has been bad for car crashes, car thefts etc in the last 12 months then the price of insuring drivers from that area/age group will rise.
2007-01-23 10:39:27 · answer #5 · answered by Mark B 5 · 0⤊ 0⤋
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2014-05-08 21:33:05 · answer #6 · answered by Anonymous · 2⤊ 0⤋
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2014-12-22 18:07:54 · answer #7 · answered by ? 1 · 0⤊ 0⤋
Legal gangsters matey
2007-01-23 08:37:46 · answer #8 · answered by Mighty Hammer 2 · 1⤊ 1⤋
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2016-03-14 17:56:45 · answer #9 · answered by ? 3 · 0⤊ 0⤋