Admiral now penalize drivers on speeding awareness courses.

[400bhp]

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NO

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[campbellab]

I'm afraid I disagree with that also, for the past 10 years my wife's cars have always had over 250BHP (pub numbers) I don't drive them any differently on the road to my diesel Megane that I go to work in, I still obey the speed limits, drive with due care & attention, I may occasionally do an overtake that I wouldn't in the Megane but that is because they are able to .

You're thinking of yourself, but thats not statistically significant unfortunatly.

But this brings me onto another one of my pet hates about Auto Insurers (see what I did there Paul ) it is me they are insuring really not the car. I should be able to decide what level of vehicle I want to be able to drive, pay the premium for that level & then be able to drive any car no matter who it belongs to. If I want to own 5 cars, each one should not have to be insured, I should be able to choose which car I want to drive & be covered by MY insurance, if I'm the risk what's the problem.

Alan...

You normally get third party insurance (on fully comp insurance) on other vehicles so you can drive them legally and be covered by your own insurance - check the paperwork (although I guess this doesn't allow you to get a tax renewal).

 

[Deleted member 26715]

You normally get third party insurance (on fully comp insurance) on other vehicles so you can drive them legally and be covered by your own insurance - check the paperwork (although I guess this doesn't allow you to get a tax renewal).

But the vehicle also has to be insured in it's own right as well

VED is irrelevant as that should also be scrapped & the duty added to the fuel duty (I can dream of my own utopian world)

Alan...

 

[campbellab]

But the vehicle also has to be insured in it's own right as well

VED is irrelevant as that should also be scrapped & the duty added to the fuel duty (I can dream of my own utopian world)

Alan...

But thats government restriction not the auto insurers

 

[Deleted member 26715]

You're thinking of yourself, but thats not statistically significant unfortunatly.

Sorry meant to add that's the whole point, I am not a statistic I am a person

Alan..

 

[Paul99]

But this brings me onto another one of my pet hates about Auto Insurers (see what I did there Paul ) it is me they are insuring really not the car. I should be able to decide what level of vehicle I want to be able to drive, pay the premium for that level & then be able to drive any car no matter who it belongs to. If I want to own 5 cars, each one should not have to be insured, I should be able to choose which car I want to drive & be covered by MY insurance, if I'm the risk what's the problem.

Alan...

It's a bit of you and a bit of the car and a bit of where you live and a bit of what you use the car for and a bit of where you park it and a bit of how much you use it.......can you see where I am going here?

If it was as simple as Nissan Micra? £100. Nissan Skyline? £1000 or 17yo Lad? £3000 42 yo Female Librarian? £200 then it would all be very simple but it's not.

If you want to own 5 cars and they all get destroyed when your garage catches fire, or they all get stolen because they are desirable to thieves high performance sports cars then the total replacement is going to be a six figure sum as opposed to you owning just the one which cost 10k.. risk higher, premium higher...

 

[Deleted member 26715]

It's a bit of you and a bit of the car and a bit of where you live and a bit of what you use the car for and a bit of where you park it and a bit of how much you use it.......can you see where I am going here?

If it was as simple as Nissan Micra? £100. Nissan Skyline? £1000 or 17yo Lad? £3000 42 yo Female Librarian? £200 then it would all be very simple but it's not.

If you want to own 5 cars and they all get destroyed when your garage catches fire, or they all get stolen because they are desirable to thieves high performance sports cars then the total replacement is going to be a six figure sum as opposed to you owning just the one which cost 10k.. risk higher, premium higher...

Not if they are all just 3rd party, logically it would make no difference at all, as I am taking the risk

EDIT:- Sorry I didn't mean if they were 3rd party as they are not insured, but when I was driving them they would be 3rd party

Alan..

 

[Paul99]

Not if they are all just 3rd party, logically it would make no difference at all, as I am taking the risk

EDIT:- Sorry I didn't mean if they were 3rd party as they are not insured, but when I was driving them they would be 3rd party

Alan..

But somebody must own them and have them insured that is the law not insurers policy.

Uninsured vehicles
Rules in England, Wales and Scotland

The rules for insuring vehicles are called ‘continuous insurance enforcement’. They mean that if you’re the registered keeper of a vehicle it must be insured or declared as off the road (SORN).
If not, you could:

• get a fixed penalty of £100
• have your vehicle wheel-clamped, impounded or destroyed
• face a court prosecution, with a possible maximum fine of £1,000

It doesn’t matter who is driving the car - if you’re the registered keeper, you could get penalised.

You are quite right that if you are fully comp on another car then on most policies it will allow you to drive any other vehicle with 3rd party cover. You shouldn't notice much if any difference in your premium for this benefit, but you would have to be fully comp on another car and somebody must have insured the other vehicle.

 

[Nortones2]

​

They haven't, and I didn't assert that they had. They would though if suddenly the insurance market started charging ridiculous and unfair premium to all drivers for motor third party insurance which is the legal minimum.​

​

The fact that they haven't yet, and likely will never need to, rather proves my point that the premiums charged and they way they are calculated are generally fair.​

This is what you said. "Because car insurance is required by law, the industry is regulated. Very heavily. This means that you will not be ripped off, they can't just charge what they like. They don't have to justify it to the customer but they do have to justify it to the regulators." That to me sounds like a statement that the regulator intervenes and keeps premia level-ish. Clearly they do not. I don't think it's the regulators job in any event. Its a marketing decision about price - not for Government! I've had significant differences between quotations (clean license, nothing too rare/hairy, no mods) when I have shopped around. I believe that youngsters have more marked differences. Perhaps you'd like to amend the paragraph quoted?

 

[GrasB]

I've never gone down the mods route on four wheels. I've owned a few breathed on European motorbikes in my time. Every time I declared the modifications; head porting and skim jobs, racier cams, bigger carbs, free-er breathing exhausts, dyno tests showing improved HP at the wheel and every time they've gone "It's a classic bike policy, sir you're over forty, sir, thanks for letting us know sir, no change in premium sir, carry on sir." much to my delight.

Me: The modifications are 14" alloy wheels worth £375 , uprated brakes from a Punto GT, limited slip diff...
Broker: So how much extra horse power is that?
Me: 113bhp
Broker: Okay. 113 total so tha....
Me: No, that's 113 extra, not total
Broker: 113 EXTRA?!
Me: Yes, 113 extra for a total of 167
Broker: Okaayyy. I don't know how to deal with this quote! *pause* Can I call you back in 2 hours?
...
Actually came back with quite a reasonable quote.

 

[GrumpyGregry]

Me: The modifications are 14" alloy wheels worth £375 , uprated brakes from a Punto GT, limited slip diff...
Broker: So how much extra horse power is that?
Me: 113bhp
Broker: Okay. 113 total so tha....
Me: No, that's 113 extra, not total
Broker: 113 EXTRA?!
Me: Yes, 113 extra for a total of 167
Broker: Okaayyy. I don't know how to deal with this quote! *pause* Can I call you back in 2 hours?
...
Actually came back with quite a reasonable quote.

out of interest what was the recipient car?

 

[GrumpyGregry]

Sorry meant to add that's the whole point, I am not a statistic I am a person

Alan..

Drive old 'classic' powerful cars and for the most part your multi-vehicle insurance nirvana is already here.

 

[GrasB]

out of interest what was the recipient car?

Fiat Cinquecento Sporting. It started life as a 54bhp town car with a bit of zip but ended up a fair bit quicker & lighter.

 

[Paul99]

This is what you said. "Because car insurance is required by law, the industry is regulated. Very heavily. This means that you will not be ripped off, they can't just charge what they like. They don't have to justify it to the customer but they do have to justify it to the regulators." That to me sounds like a statement that the regulator intervenes and keeps premia level-ish. Clearly they do not. I don't think it's the regulators job in any event. Its a marketing decision about price - not for Government! I've had significant differences between quotations (clean license, nothing too rare/hairy, no mods) when I have shopped around. I believe that youngsters have more marked differences. Perhaps you'd like to amend the paragraph quoted?

No I don't think I will amend it, but I will explain what I meant better for you I hope. If the insurers all said that we will charge a minimum of £5000 for the lowest level of cover for people with an exemplary driving record escalating rapidly for anyone else. Do you not think that the regulator will step in and say "oh no you won't"?

The regulators are constantly reviewing insurers making sure that they are pricing risks sensibly and making sure that their assets cover their liabilities etc

Of course you get significant differences between quotes, if the insurer has enough of your demographic in their portfolio then they will take you on for an increased premium because in doing so it increases their chances of claims in that demographic. They have to spread their bets, so to speak. So where you get a cheaper quote it is because they have enough younger drivers paying a high premium and they want some nice sensible drivers for a lower premium to spread the risk. Does that make sense?

 

[Deleted member 26715]

But somebody must own them and have them insured that is the law not insurers policy..

But insurance companies have the power to lobby Government I do not

Alan...