Driver Risk Categories in the UK
In the world of insurance premiums, there are many
different formulas used to calculate risk. One of the most important
considerations to keep in mind, if you fall into one of these
categories, is that not all insurance companies assess risk in the same
Many young drivers assume they will be required to pay
more regardless of how safe they are, and regardless of the quality
driving experience they already have. However, this is not always the
case, and everyone deserves to have their situation customized. In fact,
that is exactly what a policy is; a customized damages plan. The reality
is that many companies have a standard formula and are unwilling, not
unable, to deviate from it.
Women Drivers and UK Insurance
Regardless of conflicting studies which show both that women are safer
drivers than men and also that they are less safe, some insurance
companies operate on false assumptions, regardless of the individual
Drivers Over 50 Years
The great irony of the widespread insurance practice of charging older drivers more is the fact that they are usually the ones who have been driving the longest. A longer period of time with the same quantity of claims as a younger driver, however, results in a lower ratio of time driving to claims made. Safety habits are more deeply ingrained, and drivers over 50 are not only less likely to take risks while driving, they have also been shown to be less likely to file claims. The time spent on finding a company that recognizes this is time well invested. A lower quote can save a lot. Drivers over 50 have been around long enough to know that the person who gives the quote may or may not be motivated to find you the best offer.
When in Doubt, Shop Around
Any insurance provider who does not want to take the extra step of running all of your personal information through a customized insurance quotation system is more likely to make false assumptions about risk. Formulas of this kind can often work against certain drivers. Rather than becoming discouraged, it should motivate you to find the kind of insurance partner who understands that youth does not always mean inexperience, being elderly may make you a safer and more experienced driver, and many statistics show that women have overall safer driving habits than men. The real trick is finding the company who perceives your value.
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