Bye Bye Shiela's Wheels and co.

[dizzyblonde]

Originally Posted by WeegieBlue

I think this is pathetic. The premiums are based on risk, nothing more, nothing less. Statistically, while women crash more often, they crash at much lowers speeds and the value of their claims is less. Men crash less, but cause far more damage. This is not a matter of sexism, it's empirical data.

Funny that, cause I've never crashed yet that involves an insurancce claim on either bike or car, in seven years. The one and only time I fell off my bike was three years ago, at 5mph, and it was on a unoccupied road.

So..do women really crash more often?? Not this one! Fair for the rest of your arguement with regards to cost and speed, but for me I'd argue your main point is very flawed. I know a lot more blokes that crash much more often, I can assure you!

Originally Posted by dizzyblonde

Funny that, cause I've never crashed yet that involves an insurancce claim on either bike or car, in seven years. The one and only time I fell off my bike was three years ago, at 5mph, and it was on a unoccupied road.

So..do women really crash more often?? Not this one! Fair for the rest of your arguement with regards to cost and speed, but for me I'd argue your main point is very flawed. I know a lot more blokes that crash much more often, I can assure you!

Certainly do! I work for the UK's biggest insurer and I've had to look over "incident" stats from 2004 to 2010 for a project. More female "at fault" claims but the value per claim was lower than the male claims. Male incidents generally happened at greater speeds and caused more damage to people and property than female claims.

I've also never had to make a claim on a policy in my 10 years of being on the roads, but we're the exception rather than the rule I'm afraid!

Possibly another factor being the annual mileage covered by the individual.I may be wrong but I would think that there are many more miles covered by male drivers than female,i.e Male and female occupants in a car more than often it is the male driving,my car 10K per year,my wife's car 4.5K per year.
Therefore the accident percentage per miles driven is higher for female than male.
You have lies,dam lies and statistics which can be manipulated as you wish

[yorkie_chris]

Note all the news saying this is going to increase female insurance premiums. Nice that those c***s will turn a profit.

This is why I'm in favour of a state run TP insurance system, get rid of all the bloody ambulance chasers and profiteering. Could apply some dead simple and across the board risk factors and discounts.

[dizzyblonde]

well we were saying similar this morning.

The insurance companies will be rubbing their hands with glee, at the prospect of a rise in income to them. They've been receiving considerable complaints from those of us getting hikes in our insurance for no reason apart from

#insert excuse here#

Now a euro court has waved the green flag to do it without question for many motorists...even after a massive increase already.

A certain ploy to keep many younger drivers off the road, decrease statistical accidents, reduce motorists, cars...ooo a greener world bllaahhh blaa

[Bibio]

simple solution

claim more = pay more

claim less = pay less

what i'm pizzed off at is having to subsidise other peoples mistakes. i'm over 40 have 13 years no claims and a clean licence but my premiums still go up every year.

[rictus01]

my insurance cost me 0.0048p per mile last year....

The thing that has ruined our insurance market is the personal injury claims. Our market was never really subjected to them as the American market was, but now every bump or dent involves a 4-figure payout for injury. This is what has driven premiums up.

The other factor is most insurers are part of a bigger group and claims on the home insurance side push up premiums across the group. Flooding down south and the harsh winter causes group losses, so everyone chips in to pay for that too. So now it's not just another person's bad driving you're paying for, it's the fact that it rained in Devon.

[TamSV]

I'm not sure we'll see the back of Sheila's Wheels etc if this goes through (and I say if, because we've been here before).

If males and females generate the same premium but females have lower claims then it stands to reason that you would want as many females on your books as possible. So you stop talking about insurance "for women only" but keep the girly name, pink website and female oriented marketing in the hope that the young lads will be put off.

The NZ system of adding TP cover onto road tax looks better than it is IMO. The last time I looked it would cost about £200 for the SV. Bit of a hike for me, but not too bad. But their system also costs you around 3% of your gross salary plus a similar amount from your employer. And after all that it's still billions of dollars in the red.

I think the private sector can deal with it more efficiently (cost-wise) than government would. Motor insurance pricing has never been more transparent. It's about as close to a perfect capitalist market as you can get - for good and ill. If you get cost out of the market then some of that saving has to go to the customer.

So sort out the claims regulations in England and Wales - it's a joke. Massive costs paid to solicitors. Backhanders going to bodyshops, brokers, insurers. Courtesy car hire bills that add up to more than the value of the car. It would save a fortune - insurance companies would start returning a massive Return on Capital Employed for shareholders until someone thinks "hang on, 20% ROCE is very healthy in this day and age - I could drop rates and pick up a bit more business and be very happy with 15% ROCE". With the competitiveness of this market, pretty soon rates start to come down.

I'd also make insurers ask the specific questions they want answered - no more woolly "disclosure of material facts" and quotes based on assumptions that no-one bothers to read. Underwrite it up front and get driver licence information and proof of bonus etc at the outset if you want it, rather than waiting until the claim to kick it out. Insurers know that up to 40% of the internet business they pick up contains some sort of lie or other inaccuracy. But when those claims get knocked back it's the insurance industry that takes the blame. You never hear anyone saying "yeah, my claim didn't get paid cos I'm a lying ****". If you do away with the opportunity to lie you get lower average premiums for everyone else and less reputational problems for the industry from chucking out all these claims. It boggles my mind that insurance companies have been selling £10 notes for £8.50 for years now and are STILL hated by their customers.

That'll do for starters.

[dizzyblonde]

Originally Posted by rictus01

my insurance cost me 0.0048p per mile last year....

geek


and older than me