Posts tagged Companies

Question by Ashysuperfaq:
How do automobile insurance companies evalulate your insurance?
I am living in the UK and i use one of those automobile comparison websites to find the cheapest automobile insurance,
(I’ve entered hundreds of automobiles make/models)
But i still do not have a clue as to how automobile insurers operate for e.g
i used confused.com to find the cheapest insurance on a

>1997, BMW 3 series, 1.8, convertible, manual, petrol, value of automobile £2500.00 & the cheapest insurance quote they find for me is £1136.72, on third celebration fire & theft

>1989, Nissan Micra, 1.0 manual, petrol, value of automobile £75.00, & the cheapest quote they find for me is £1641.88??????????????? on third celebration fire & theft

ALL of my other circumstances stay the same, address, millage, what type of automobile alarm and tracker i will use, what the automobile will be used for everything is the same
I was under the impression that the more larger the car, the more powerful the engine, the more likelihood of the automobile been stolen will be the more costly one on the insurance (The BMW)

So why in Gods name is the Micra’s insurance £500.00 extra????????
Halp!!!!!!!!!!!!!!!

Read More >>