They looked at their overall claim numbers, saw that people with older vehicles were more likely to claim .
At a tangent (!) but is the 1st of January the most inconvenient date ever for changing insurance?
I don't think any of the insurers will admit it, but it is more to do with client profiling than any issues with the car.
I was under the impression that it's more to do with the age of the car than the person. Historicaly older cars fail the NCT test more often because a lot of people don't service or look after their car properly and use the NCT test as a way of finding out what is the minimal work needed to make their car road worthy.
Thanks for all the replies. Much food for thought.
Apart from bogus claims, I'd say that the biggest cohort of old car drivers are young first time drivers who are a high risk category. Surely, it would be easier and more accurate for the insurance companies to profile on the age of the driver rather than on the age of the car.
That is the date that I first started driving the car all those years ago.
Looks like I will have to bite the bullet and trade "up" to a newer car full of all the IMO mostly redundant electronic gadgetry that seems to cause so much trouble. Hopefully, the savings on tax and insurance will offset most of the depreciation in the early years.
Moving on to the second part of my post. I am advised that about now would be a good time of year to trade in rather than wait until the end of 2017. There is a bigger choice of second hand cars at this time of year and prices are keener as dealers try to offload. Very few cars get traded in in the last few months of a calendar year.
Any thoughts, please.
Mine is three time thatRedOnion, who is your father's insurer? Mine is twice that on an 02 car and I asked about a named driver and it made no difference as I picked that tip somewhere else too.
Insurance might be more expensive, but trading up to a newer car costs money as well. Say your renewal comes in at 1500 euro, and you could get a new(er) car insured for 500 euro.
Unless you spent less than 1000 euro on your trade up car, you haven't really saved any money....
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