How does car insurance work?

[MC]

Been running quotes and there's something I don't understand.

I'm being quoted nearly 2k on a 1.2 Clio worth I dunno £1000 or so, with no excess. So in the event of a crash I could claim the full value of the car.

Then I'm quoted £1750 on a RCZ worth 10k (valued at more but anyway) with £3000 excess, so in the event of a claim they'd pay out £7000?

So how the f**k does car insurance work? It's like the nicer/more expensive car you have the cheaper the insurance's.

With bikes you generally pay more to insure expensive bikes, not the other way round.
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Yamaha MT-03 '08 (crashed)
Honda XR-125L '04

[-Matt-]

From my fairly limited experience - this is how I imagine the insurance office looks.
https://abcnews.go.com/images/Entertainment/gty_wheel_of_fortune_ll_130425_wblog.jpg

[Rogerborg]

Because 3rd party cover.

[MC]

I think you're right Matt. Cars like the Scirocco (quoted) £1750 again, but oddly the same amount for the 2.0L and 1.4 ver.

Then cars like the Civic type R, 2k with £1000 excess.

I'm not planning on becoming a cager, but at least when I do hopefully it'll be in something slightly less $hit than I was expecting

[Ariel Badger]

post code.... to insure my car where i live is £1300, four miles away where my cousin lives would be £280. It is a lottery.
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Bikers make great organ donors, get 115 on your licence today.

[Ste]

It's all just based on statistics of the vehicle and of your profile. Third party personal injury claims can be far more expensive than a claim for theft or for you writing your own vehicle off.

Chances are 1.2 clios get crashed (probably by 17 year old) lots more than RCZ's so it makes sense for a clio to be more expensive to insure. For cheap first car insurance, something that driven by old, boring people should be cheaper than a 1.0 or 1.2 hatchback that is a typical first car.

[MC]

Dunno, think being an old boring person (like <insert name here>) helps: https://www.moneysavingexpert.com/news/insurance/2009/10/i-bought-car-insurance-for-96p
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Yamaha MT-03 '08 (crashed)
Honda XR-125L '04

[trevoriv]

It's predominantly the 3rd party aspect. The post code will have an effect on the theft cover but the main issues with the motor insurance market at the moment are third party injury and damage (inc credit hire etc) claims.

For example - an inexperienced 17 year old buys his 1.2 clio with a big exhaust and alloys, picks his mates up and shows them how 'good' a driver he is and wraps it round a lampost.

The cost to replace the clio is a couple of grand but the cost of 24 hour care for his 2 mates for the rest of their lives could run in to the tens of millions.

This is a bit extreme of an example but it does happen. There are good young drivers out there but it's the inexperience that generally causes the serious accidents. Therefore it's generally the young and inexperienced drivers that insurers try to avoid.
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Past: '96 Thundercat, '02 ZX636R (A1P), '58 KTM 690 SM LC4 Current: '06 ZX636R (C6F)
Mudskipper wrote: Someone just has to sig that...

[moonzoomer]

[trevoriv]

Yeah, the company I work for has been suggesting something similar in the UK.

I personally cant see any other way round it - the telematic black boxes that are being pushed on young drivers arent goingt to prevent these types of accidents.
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Past: '96 Thundercat, '02 ZX636R (A1P), '58 KTM 690 SM LC4 Current: '06 ZX636R (C6F)
Mudskipper wrote: Someone just has to sig that...

[moonzoomer]

[Ste]

What makes you think new drivers would stick to the 45mph limit?

And I'd be willing to bet that R plates would fall off just as easily as L plates do or as 33bhp restrictors would fall out!

[N cee thirty]

or, kids get taught to drive to conditions and not speed round, flat out on the speed limit for the driving test, i can see where it all goes wrong having recently done the car test whilst having ridden a bike for a good few years, kids get encouraged to 'get up to speed' and so on, they'll continue to wrap themselves round lamp posts untill this is addressed.
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'00 Aprilia RS50 > '92 Honda CG > '99 Yamaha Fazer > '91 Yamaha RXS > '79 Suzuki X5 > 01' Honda Cg > 07' Honda Cg > 82' Kawasaki Z200 > suzuki gsxr 400 gk73a > honda vfr 400 NC30 Mod 2 Passed 09/06/2011

Jewlio Iglesias wrote: I actually did vote BNP once

[moonzoomer]

[Ste]

[Al]

[iooi]

[Kickstart]

[Rogerborg]

[arry]

Exactly that. Can't fit 4 people on a bike unless you're in Indochina

Newer, more expensive, more sensible cars tend to be driven by, umm, more sensible sorts. Experience tends to be better.

With the amount of data enrichment going on in household insurance at the moment it won't be long until it hits the motor insurance game in a major way, and then you'll all be totally frozen out if it's only Wonga that'll lend to you, too.

Good stuff this automation bollocks, isn't it.

[MC]

[Ste]

[MC]

Because...
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Yamaha MT-03 '08 (crashed)
Honda XR-125L '04

[duhawkz]

[Rogerborg]

The Septics apparently show carnage videos as part of 'drivers education', before handing out licenses like sweeties anyway.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike