Insurance
06-06-2006, 11:44 AM
#52
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at the moment im 20, am 21 in august and i have to wait until then to insure it!
im well desperate to drive it aswell, anyone know any insurance companies that will insure me cheap?
i had 1 quote for 3k as soon as i turn 21 it is 1.4k which isn't too bad considering!!
im so desperate especially with this real nice weather!!!
im well desperate to drive it aswell, anyone know any insurance companies that will insure me cheap?
i had 1 quote for 3k as soon as i turn 21 it is 1.4k which isn't too bad considering!!
im so desperate especially with this real nice weather!!!
06-06-2006, 12:22 PM
#54
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Originally Posted by Hypersonik,Jun 6 2006, 08:06 PM
but insurance companies know that they can charge young drivers high amounts, and use stupid statistics as a back up. Still, young drivers represnt a bigger risk, not because of their
we have a 12 y.o posting here
There's a well know accident hump for male mortality aged 17-23.
06-06-2006, 01:05 PM
#55
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Originally Posted by Moggy,Jun 6 2006, 12:22 PM
we have a 12 y.o posting here
There's a well know accident hump for male mortality aged 17-23.
06-06-2006, 02:23 PM
#57
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Originally Posted by dreamer,Jun 6 2006, 01:47 PM
Its probably lower as a % in S2000's as younger guys (and girls?) can't afford to insure them
'There are Lies, Damn Lies, and Statistics...'
06-06-2006, 02:27 PM
#58
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Originally Posted by Hypersonik,Jun 6 2006, 10:05 PM
Yeah, and i've said that in my post. I wonder how many 17-23 yr olds die in S2000's compared to 35 yr olds? I dont know but I reckon the amount of 17-23yr olds dieing, as a percentage, in S2000s is lower than the national average. Insurance companies are bound to know this, but they wont use it because the general statistic represents an oppertunity to get more premium. TBH, I dont understand how insurance companies can get away with it. Its the most blatant display of ageism I have ever seen.....
After the thread in the US siude of the board for YKW, I find this morbid discussion a little bad taste TBH.
06-06-2006, 10:41 PM
#60
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Originally Posted by Hypersonik,Jun 6 2006, 01:05 PM
Insurance companies are bound to know this, but they wont use it because the general statistic represents an oppertunity to get more premium. TBH, I dont understand how insurance companies can get away with it. Its the most blatant display of ageism I have ever seen.....
I'm a Banker (you can punish me for that later!
) but the way I always see it, if I wouldn't lend my money on a project, then I'm damn sure I'm not going to lend the bank's money.Same if you're an insurer - you're not going to take on someone elses risk (i.e. underwrite their behaviour on the road) unless you can be relatively sure you're not going to pay out. And backed up with data, you can see exactly why insurance companies charge a shed load for young (especially male) drivers. I would if it were my knackers on the line!!!