|
Author |
Message |
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
Posted: 15:41 - 12 Apr 2018 Post subject: Insurers – prices pulled out of their ***** ? |
|
|
Just a useless rant – not much anyone can do about it, of course.
Last year my insurer sent me a renewal quote for about £400; the website of the same insurer gave me a price of £240. Unfair, but understandable – the lazy tax. This time it’s been the other way round! Renewal quote of £180, website price of £600. What?
Other pearls of wisdom:
Insuring a £14k Turismo Veloce twice more expensive than insuring a £17k S1000XR, which is way more powerful
Without tracker cheaper than with tracker
A Tracer cheaper if kept on the road than in a garage, a Tiger (similar value) the other way around. Same address, same rider. Do the scumbags in that part of England not steal Tracers left on the road, just those in a garage?
Quotes fluctuating by +-30% from one month to the next
A mate was quoted £200 + £ 40 admin fee, because, halfway through the policy, he moved by as much as 1 mile, which “caused the risk profile to change”, according to Janine from the call centre (same bike, parked on the road in both cases, etc.). Surely the scumbags who canvass one area for bikes to steal don’t venture 1 mile out.
One more thing I have never been able to make sense of is why, for 4 wheels (never happened with 2 so far) comprehensive is almost always cheaper than third party fire and theft. The press likes to say it’s because drivers who get comprehensive are more careful, but it sounds like nonsense, because all it takes to compare comprehensive and TPFT is one banal mouse click – getting one or the other doesn’t mean you belong to a specific category with a different risk profile (eg 18 year olds vs middle-age).
I have honestly given up and come to terms with the fact that insurance quotes will vary wildly for no apparent reason.
How about you? Do you have similar experiences? |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Howling Terror |
This post is not being displayed .
|
Howling Terror Super Spammer
Joined: 05 Dec 2008 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Polarbear |
This post is not being displayed .
|
Polarbear Super Spammer
Joined: 24 Feb 2007 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Howling Terror |
This post is not being displayed .
|
Howling Terror Super Spammer
Joined: 05 Dec 2008 Karma :
|
Posted: 16:11 - 12 Apr 2018 Post subject: |
|
|
'Hold the line whilst I pretend to check with my boss'
'We can go with that quote'.
They chance their arm in the knowledge that a lot of people don't bother with a few phonecalls or a comparison site.
My insurance is cheaper if I tell them I don't (do) use a ground anchor. ____________________ Diabolical homemade music Bandcamp and Soundcloud
Singer songwriter, Artist and allround good bloke Listen to Andrew Susan Johnston here
The Harry Turner Project |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Ste |
This post is not being displayed .
|
Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
Posted: 16:55 - 12 Apr 2018 Post subject: |
|
|
Ste wrote: | It's all based on statistics.
|
And what statistics justify fluctuations of +-30% in the space of 3-4 weeks?
Ever heard of the concept of spurious correlations? https://www.tylervigen.com/spurious-correlations
The more data you have, the higher the risk of ending up with cases like those. Especially because the pricing algorithms tend to be black boxes, in which it is effectively impossible to isolate and assess the impact of a single factor.
I remember reading this book about the perils of becoming slaves to algorithms, and of passively accept that “the computer said so”: https://www.goodreads.com/book/show/28186015-weapons-of-math-destruction
As for TV owners crashing more, there are so few TVs registered in the world, especially here, that I very much doubt anything meaningful can be inferred.
But I can understand the owners of certain bikes can be seen as riskier; I won’t suddenly become a suicidal idiot if I ride an R1, but, statistically, there may be more crash-prone idiots riding R1s than riding, I don’t know, a CB500X. What I can’t get my head around is comprehensive being cheaper. Unless they intentionally overprice TPFT in the hope most people won’t bother making that mouse click and comparing the price.
Ste wrote: |
Assume nothing. Play with all the variables. |
So true! |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
grr666 |
This post is not being displayed .
|
grr666 Super Spammer
Joined: 16 Jun 2014 Karma :
|
Posted: 17:13 - 12 Apr 2018 Post subject: |
|
|
I moved away from London (which is your issue btw) and as soon as I changed my address on my existing car
insurance, I got a £400 rebate. But if you will live and work in the culturally diverse utopia that shows the rest of us what
we must avoid becoming at all costs. Then in a variety of ways, you pays the price. I wouldn't go back if you bought me house
and paid me to sit in it all day. ____________________ Currently enjoying products from Ford, Mazda and Yamaha
Ste wrote: Avatars are fine, it's signatures that need turning off. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
grr666 |
This post is not being displayed .
|
grr666 Super Spammer
Joined: 16 Jun 2014 Karma :
|
Posted: 17:34 - 12 Apr 2018 Post subject: |
|
|
That is no different anywhere. My £100 comp policy on my bike could have cost me £300 if I'd have paid it.
Never renew, always ring around. I have 4 vehicles on the road, I shop around for all of them. I'm halfway between
Bath and Bristol give or take, an hour further south and then you're really in the arse crack of nowhere.
We even have shops, schools and special shoes for our funny little webbed feet round 'ere.
Pisstakers will always take the piss if they think they can get away with it, insurers are the worst because they sell a
legally required product. Shop around, don't bother or suck on a fat meaty renewal quote them's your choices.
It's the same for everybody. Even in Upyerbumshire, it's just that the numbers are smaller. ____________________ Currently enjoying products from Ford, Mazda and Yamaha
Ste wrote: Avatars are fine, it's signatures that need turning off. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Ste |
This post is not being displayed .
|
Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
|
Posted: 17:35 - 12 Apr 2018 Post subject: |
|
|
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Ste |
This post is not being displayed .
|
Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Ste |
This post is not being displayed .
|
Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
|
Posted: 18:03 - 12 Apr 2018 Post subject: |
|
|
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
thx1138 |
This post is not being displayed .
|
thx1138 World Chat Champion
Joined: 06 Oct 2005 Karma :
|
Posted: 20:28 - 12 Apr 2018 Post subject: |
|
|
that's what I thought when I was there
think they need their version of an MOT twice a year too?
The suzuki motorcycles in the dealers showrooms seemed stupidly cheap, I assume they add an after sales tax and don't show it on the price tag? |
|
Back to top |
|
You must be logged in to rate posts |
|
|
grr666 |
This post is not being displayed .
|
grr666 Super Spammer
Joined: 16 Jun 2014 Karma :
|
Posted: 20:38 - 12 Apr 2018 Post subject: |
|
|
Also they aren't shipped as far. ____________________ Currently enjoying products from Ford, Mazda and Yamaha
Ste wrote: Avatars are fine, it's signatures that need turning off. |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Kentol750 |
This post is not being displayed .
|
Kentol750 World Chat Champion
Joined: 24 May 2016 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
MCN |
This post is not being displayed .
|
MCN Super Spammer
Joined: 22 Jul 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Londoner2015 |
This post is not being displayed .
|
Londoner2015 Spanner Monkey
Joined: 09 Nov 2015 Karma :
|
|
Back to top |
|
You must be logged in to rate posts |
|
|
Freddyfruitba... |
This post is not being displayed .
|
Freddyfruitba... World Chat Champion
Joined: 20 May 2016 Karma :
|
Posted: 22:50 - 12 Apr 2018 Post subject: |
|
|
Well, talking of insurers pulling quotes out of the arses, how about this...
My son recently got his first car insurance renewal (£795 after a year with no claims, on a black-box policy) - Admiral proudly told him it was £5 cheaper than last year). He did the usual runaround and found a quote elsewhere for £680; phoned Admiral to cancel the autorenewal and was instantly offered £650. So far, so normal. However, good lad, he said he's think about it but meanwhile please cancel the autorenewal anyway.
That's where things got more interesting. The Admiral droid wouldn't let him go, and said 'well, let's see what else we can do". He noted that I was a named driver on the policy, and said 'let's see if taking Dad off brings it down a bit". Well that wasn't going to happen, since the reason I'm even on the policy is to bring the premiums down, which it has done quite significantly on every single quote my son's ever had (as my son told the droid). Well, surprise surprise, taking me off the policy dropped the Admiral quote by a further £90, so now down to £540! Clearly the figure was completely anally derived, based on how much leeway there was in the premium profit margin.
Out of interest, two weeks later my son phoned them back, the day before renewal, asking how much he could reduce his new renewal premium by adding his dad onto the policy. Can't blame him for giving it a go! but sadly the answer was -£90! ____________________ KC100->CB100N->CB250RS--------->DL650AL2->R1200RS->R1250RS |
|
Back to top |
|
You must be logged in to rate posts |
|
|
M.C |
This post is not being displayed .
|
M.C Super Spammer
Joined: 29 Sep 2015 Karma :
|
Posted: 23:24 - 12 Apr 2018 Post subject: |
|
|
Freddyfruitbat wrote: | Well, talking of insurers pulling quotes out of the arses, how about this...
My son recently got his first car insurance renewal (£795 after a year with no claims, on a black-box policy) - Admiral proudly told him it was £5 cheaper than last year). He did the usual runaround and found a quote elsewhere for £680; phoned Admiral to cancel the autorenewal and was instantly offered £650. So far, so normal. However, good lad, he said he's think about it but meanwhile please cancel the autorenewal anyway.
That's where things got more interesting. The Admiral droid wouldn't let him go, and said 'well, let's see what else we can do". He noted that I was a named driver on the policy, and said 'let's see if taking Dad off brings it down a bit". Well that wasn't going to happen, since the reason I'm even on the policy is to bring the premiums down, which it has done quite significantly on every single quote my son's ever had (as my son told the droid). Well, surprise surprise, taking me off the policy dropped the Admiral quote by a further £90, so now down to £540! Clearly the figure was completely anally derived, based on how much leeway there was in the premium profit margin.
Out of interest, two weeks later my son phoned them back, the day before renewal, asking how much he could reduce his new renewal premium by adding his dad onto the policy. Can't blame him for giving it a go! but sadly the answer was -£90! |
Yep similar experience with them. It was £750 taking my dad off the policy, so I let it expire and got it for £600 with him back on. I ran a quote with him off and it was more than with him on, so Admiral obviously use it as some BS bartering tactic, knowing full well they're still well above their best quote
Also they were trying to offer me a 10 month policy |
|
Back to top |
|
You must be logged in to rate posts |
|
|
Old Thread Alert!
The last post was made 6 years, 16 days ago. Instead of replying here, would creating a new thread be more useful? |
|
|
|