OK, so I have got myself a tintop for the winter. I previously had a van, but I don't really have a use for it now, so it will be up for sale. I usually cycle the 7 or so miles to work, but it's getting cold now

Friend of mine needed some cash, so I picked up a 2.0 16v Ecotec astra sport.

Looking at insurance options, and it confused the hell out of me.

Details are roughly;
Age 28
Full EEC licence for 2.5 years
No claims/convictions/endorsements etc. (not in the last 8 years anyway, but that is a whole different story of misspent youth)
Parked on driveway
TPF&T
I work as a CAD guy, the closest I could find was "Civil Engineer" as I do work in civils.

General price was about £630.

I then noticed I could be a 'Draughtsman' - as in on the drawing boards.
Premium dropped to £580

Looked into putting it into the garage - premium went back UP to £610 - very strange
Out of interest said it would be parked on street - premium DOWN to £550 - even stranger

Decided to put my occupation as 'Computer Operator' - price down to £525, nice

Added the Girlfriend, licence held for 10 years, own car, different address.

£437

Now this is all good, but why o why is it cheaper to insure a car parked on the street, than in a concrete garage with steel doors???

And why does a Civil Engineer, who should have a degree, pay more than a computer operator, who might struggle to spell "insurance" without a spell checker?

Just a little pondering on a Friday night after working on the 'proper' car.

Oh, and it was with Admiral

Sean

all to do with statistics -

someone who puts their car in a garage is more lilkly to make a claim if they are a draughsman who does not have a girlfriend

Paul

Its all to do with risk.

Someone figures out what the chance of something bad happening to each group of people is. They then decide how much of that 'risk' they want. Once they've got enough people in that quota they start to increase the premium to dissuade further people joining.

EG, everyone hates the young driver, bound to have a crash etc ..... but if you can identify a young driver who doesn't crash you've just raked in a load of cash & they may resign next year making more money. Perhaps the insurance company has had a spate of garages being broken into and cars damaged in your postcode so its statistically a higher risk. Draghtsmen are possibly generally older and skint so don't claim for every ding on the 15 year old banger where as CAD operators are all kids in flash cars and getting into scrapes.

etc etc etc

(girl who worked for me 5 years ago used to code insurance computer systems, she explained it once which is what i've tried to remember here).

I think the civil engineer they mean digs holes in the road so doesnt have a degree lol

quote:

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Originally posted by RAYLEE29
I think the civil engineer they mean digs holes in the road so doesnt have a degree lol

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Oh thanks where shall i collect mine from
engineer nearly 30 yrs no degree lol

Try telling them it's kept on a secure car park... One of them asked who the security was and I said "me"

And my parent's house was a good one, drive and garage was round the corner so it was safer to park it on the road, right outside the house than in a dark corner on the drive...