Quote:
Originally Posted by Matt67
It's just not reasonable some of the quotes young drivers get, I think they should be capped upto 20 they should be capped to insurance group 10 and a maximum premium of 2 k, i had to pay 1800 on a 1.1 when i was 17 and that was as a named driver, i refused to pay 4k for a car worth 1k, they figured i was going to write that car off 4 times a year? Fuck off.
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Insurance is not just about the value of your car
Sure, if you smash into a tree they will just have to front out 1k to you
If you crash into a Aston Martin and write that off, im sure they will love footing that bill with the measily little 4k you paid them...I think they might have to add another 96k to that!
Insurance is about the 'risk' you pose
Most claims are done by young drivers FACT
A boat load of those claims are in specific young driver type cars FACT
Premiums have always been high for young drivers and its not just the car you have that influences the price....they also consider
Age
Postcode
Driving Experience
No claims
Any penalty points
Insurance prices are calculated on a risk/benefit factor.
Companies are there to make money, lets face it
If they give you a £500 premium at 17 on a boy racer type car and you have no driving experience.....even writing off your own car will mean they lose money
Thats not to mention what you crash into...a lampost for example will cost the insurance company like £300!!
I am not sticking up for them but you have to see why prices are expensive
By fronting (and making your premium void), either your company may refuse to pay out or if you hit someone else, thier company will have to foor the bill
Guess how pissed off a company will be if they have to pay for a 2 car write off that wasn't thier clients fault, just because the other party had void insurance??
If the insurance companies get say 60% of claims for 17-21 year old drivers, of which 10% of those are saxo claims, whos insurance do you think will be a shit load higher......the 17 year old in the VTR or the 25 year old in the Golf???
Its all about the risk YOU pose