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  1. Renewal time again 
    #1
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    Renewal dropped through the letter box today, bit anxious opening it but surprise surprise

    02 reg 530D sport, over 50 70% ncb £250 excess 5000 miles a year 3 points £268. Saga.
     
     

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    See this is where I think experience should be measured in total miles driven rather than how old the driver is in order to calculate a fair premium. My mother drives her car twice per week maybe and she only ever goes to two places; Asda or my sisters to babysit and both are within 3 miles but because she's nealy 60, the insurance companies think she's uber experienced and so only has to pay £180. That anual milage of yours, I can chew through that in less than a month, I've driven a total of nearly 250,000 miles within my 8 year driving career bt because I'm young, I'm looked upon as under experienced and have to pay over a grand to insure (3rd party, fire & theft) my coupe with 7 years NCB and a clean licence.
     
     

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    Quote Originally Posted by y2keable View Post
    See this is where I think experience should be measured in total miles driven rather than how old the driver is in order to calculate a fair premium.
    don't be stupid its all worked out on how many claims for different age brackets its well known that the younger drivers take more risks so premiums reflect this
     
     

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    I'm fine with that. All I'm putting forward is; who is more likely to have the greater driving experience, someone who's been driving for 30 years but only totled 50,000 miles or someone who's only been driving for 5 years but already clocked up 150,000 miles?

    With the current system, the insurance companies regard the former as being more experienced. Shame.
     
     

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    This limited mileage thing is relatively new, I don't just drive 5k a year & with two other vehicles with unlimited miles i do around 25k a year at the moment, over my driving lifetime i've probably clocked up one & a quarter million miles so i do have a bit of experience.
     
     

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    Wish my insurance was that low.
    I got quoted £650 on a 328i with mods doing 6k miles a year
    That's with me as main driver aged 23 with 5 years no claims and experience.
     
     

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    My insurance has seemed to have crept up each year usually £100 quid or so. I been with axa for the last 2 years with 8 years nc's. last years premium with 15000 miles £250 excess fully comp was £558. year before £479. had my renewal last week and its now £989!

    done some shopping around and co op will insure me fully comp 15000 miles pa 250 excess £395 So bye bye to axa they did offer to do it for £889 after i told them i was leaving. Just shows shopping around can save a few Quid.
     
     

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    Quote Originally Posted by y2keable View Post
    I'm fine with that. All I'm putting forward is; who is more likely to have the greater driving experience, someone who's been driving for 30 years but only totled 50,000 miles or someone who's only been driving for 5 years but already clocked up 150,000 miles?

    With the current system, the insurance companies regard the former as being more experienced. Shame.
    Insurance is about risk, the more miles you do the more risk, higher the cost. Your Mother is very low risk, you're statistically not. Seemples!
     
     

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    Quote Originally Posted by petrolmarty View Post
    Insurance is about risk, the more miles you do the more risk, higher the cost. Your Mother is very low risk, you're statistically not. Seemples!
    Yep, I get that and accept it. But I'm only talking about experience (how many miles a driver has done rather than is going to do) and how they determine what level of experience you have. One driver isn't neccessarily more experienced than the other just because they're older or because they've had a licence for a longer time.
     
     

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    Nice idea, impossible to implement though.
     
     

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