Don't be sorry, it's just information
A price for one person has no relevance to someone else.
If I could insure mine for £25, what could you realistically do if yours was £1000?
Insuring a van like a car?
- Thread starter CooseVW
- Start date
A price for one person has no relevance to someone else.
If I could insure mine for £25, what could you realistically do if yours was £1000?
Few people can realistically compare because of many influencing factors. Driving history. age, employment, health where one lives geographically, where one lives within a region is it a city, town or rural dwelling is the vehicle garaged is it on ones drive or on the street and other countless things. If someone want to ask that’s up to them and go ahead if someone wishes too but I agree it probably pointless because it will be rare for any two people to have exactly the same circumstance and on top of that may be an agents cut
Keep my Caddy....Don't be sorry, it's just information
A price for one person has no relevance to someone else.
If I could insure mine for £25, what could you realistically do if yours was £1000?
No-one is having a pop at you, but, as @doncarlyon suggests, it's a fruitless exercise - even obtaining quotations at a different point in an insurer's monthly accounting period can have a significant impact on premiums. Trying to ascertain what a reasonable premium is for a given risk is simply unknowable unless you're at the extremes of the premium range.
Don't think anyone would disagree that finding someone posing the same risk is impossible, but my question started around similar use as I was trying to find an insurer who would provide SDP&C cover for 100% private use, something I was finding problematic. Once I had leapt over that hurdle, I just wanted some confidence that the insurer wasn't pulling figures out of the sky.
However, lesson learnt and will think twice before asking another question.
We’re over a barrel, obviously an insurance quote is going to take into account your driving record, insurance record, occupation, age, vehicle details, annual mileage and post code. The chances of two people on this Forum having more than 3 of those the same is very small.
We have a choice, buy the insurance, sell the vehicle or drive uninsured. IMO there is not much point in getting others opinions, if you’re worried about being ripped off, we all are every year, insurance companies don’t make a loss in the long term.
We have a choice, buy the insurance, sell the vehicle or drive uninsured. IMO there is not much point in getting others opinions, if you’re worried about being ripped off, we all are every year, insurance companies don’t make a loss in the long term.
Please do not be offended, ask away it is just that some me included no conspiracy, just consider it pointless exercise because of the reasons suggested. |Also some, not on this forum of course, exaggerate do not like to be honest maybe they may have convictions or claims against them or have others on the insurance like a wife or older children perhaps maybe a (mistress) show how good they are at negotiating, a bit like Trump. In my case clean and no clams but have no idea how £?? because my wife sorted the details she likes doing all of that sort of thing. For many years we used a broker for most of our vehicles the company a sort of a friend, an in-law of the family no longer, was partner, long long time ago and story. They used to look after us very well indeed, sorted every thing, just fill in name and sign we will do the rest, told us even when to change insurers for various reasons. Advised us when we where ran into, provided a Brief to defend malicious and lying action, they where wonderful. However specialist insurers became more difficult for them as they usually run by similar agents, so for some vehicles we reluctantly moved away for those particular vehicles. If we ring them for any purpose they immediately know who we are from old times even now, most of the originals have moved away or died but many staff members still recall us when making enquiries. For instance when insuring our daughter before and after her successful passing of driving test. None of the firms within their portfolio covered that, so they strongly suggested another company before and after her passing. Which we happily did. So now with her own vehicle is accruing her own no claims or what ever discounts one might accrue with a good unblemished record. Many will ask very similar questions may be given a £figure which will be meaningless and some others will say try this and try them or just give the same answer as has been given to you. No one thinks the less of you either way.
Aren't we all also paying higher insurance premiums for the price hike in electric vehicle purchase/replacement costs as well? After all, insurance is a spread bet over the market, and when the market costs increase so do the insurance premiums. Same for labour costs. Any vehicle related work, be that mechanical or body, seems to rising above inflation and we all have to bear these costs also. Sure, some vehicles are less of a risk/cost, as are people that drive them, and premiums can reflect this, but there's an underlying cost in all premiums that covers the market as a whole.
So we're told, but the typical insurer couldn't lie straight in bed so I dont entirely believe that.
Both cars, the van, house and bike insurance have all decreased the last 2 renewals for me. Substantially this time round.
There was a sharp increase in premiums a couple of years ago. So people are noticing a decrease.
Again, wouldn't impact everyone a huge amount, but in general that was the trend.
Insurance is a funny old game. I've had some cars that you'd expect to demand a high premium, but because they were limited run cars with tiny numbers on the road, there is no claim history logged for them therefore cheap premiums.
Again, wouldn't impact everyone a huge amount, but in general that was the trend.
Insurance is a funny old game. I've had some cars that you'd expect to demand a high premium, but because they were limited run cars with tiny numbers on the road, there is no claim history logged for them therefore cheap premiums.
As said... do it if you want.I disagree that it is a fruitless exercise to gain an appreciation of the market, but we obviously view the world differently.
Thankfully thinking differently is perfectly ok and I doubt neither of us are going to loose any sleep over what the other one thinks.
20+ years in the insurance industry here. I know it's a waste of time. Been telling people on forums for best part of that time haha i should give up.
Didn't waste my time mate. Sometimes you just need a nudge in the right direction. I noticed there's not many sites for van insurance saying for SSP&C. As others have said there are a lot of variables bit i think most insurers, if they want your business, would price around the same. I noticed the modifications boosted the price quite a bit.
Exactly, it all went up just post Covid and is now starting to ease back. Van peaked at £675 and now back to just over £400 where it was to start. Similar for everything else.
35+ years here - unfortunately everyone has strong opinions about insurance, but few have any meaningful insight.
I ended up going with Aviva, then cancelling ym policy 7 days later as they wouldnt allow any modifications whatsoever to the van. Based on others recommendations, I got a quote from Brentacre - slightly more expensive (£450, 17years NCB) but unlimited modifications at no extra cost (unless it significantly increases BHP or value). Cannot recommend these guys enough.
