Can someone explain how insurance works?

[TheBikerStig]

Been quoting on gocompare and found some interesting results.

Hayabusa TPFT - £1700
Hayabusa FC - £860
Ducati Desmocedicci RR TPFT - £460

If I were to pass a driving test and drive a Ford KA... £735 TPFT. The car quote is without the 5 years no claims but I obviously still have my road experience. These are the cheapest quotes from gocompare based on my data.

If I were to pass my test, would I be able to add the car to my current insurance AND have it benefit from the 5 years NCD? Just curious as I have no intention of driving round in a box (let alone a KA!)
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[Skudd]

You pay for something that you have to have, you can't use it and if you do you pay more for using it.
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[Nb]

[The other Paul Rudd]

No idea either as I can insure an NR750, with a £50k value, for £273FC with zero no claims. To insure a 1.4 Honda Civic TPFT is over £1400 a year with one year no claims.

[fatpies]

IIRC:

Car you are more likely to kill and or injure others and passengers.

Motorbike max one passenger and you are more likely to only kill yourself.


There was something about people with 3rd party being poorer people.

Therefore being more motivated to claim on insurance because they are poor they can't afford to insure themselves fully.
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[Wafer_Thin_Ham]

[dydey90]

[The other Paul Rudd]

[Wafer_Thin_Ham]

[27cows]

Insurance works thus. A shower of fucking parasites take your money and give you nothing whatsoever in return. How much money they take is up to you and the choices you make. But you will always end up out of pocket.
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[MC]

[andys675]

buying insurance is like paying protection money so you don't get 8 points on your licence and a £200 fine for not having any, which also gives them the excuse to load the policy 50% for not buying it the first time
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[TheSmiler]

Understanding insurance is like understanding how vehicles can't blatantly see you when they pull out.
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[andyscooter]

also how does a 1.0 litre micra cost me 1400 to insure but a mazda mx5 would only be 500 quid
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[Ste]

It's all based on statistics. The less likely you are to cost them money (potentially tens of millions), the cheaper your premium will be.

One litre cars cost lots to insure because they're typical first cars driven and crashed by 17 year olds. Whereas if you get a bigger engined car that is more suited to middle aged or old aged people then your insurance will be less expensive. This could be a 1.4 or a 1.6 engine or you could opt for a four or five litre old Jaguar, BMW, Mercedes, or suchlike.

The value of the vehicle you're driving or riding has got little to do with it. It's all about how much damage you could do to others.

[Shinigami]

you can build NCB on more than one vehicle, however they have to be separate policies and the ncb will remain separate, cannot be combined
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