Premiums
Alarms, immobilisers and trackers are priced by how much they change the odds of a total loss
Security equipment affects a premium through severity rather than frequency, which is why a device only…
· 4 min read
Premiums
A new policy is provisional until the documents behind it have been checked
Cover usually starts before anyone has verified what you said, and the weeks that follow decide whether the…
· 3 min read
Premiums
When you buy cover changes the price as much as some of what you tell them
The gap between the day a quotation is taken and the day cover starts is itself information about the…
· 3 min read
Premiums
Sometimes no price appears at all, and that is a decision rather than a fault
A refusal, a referral or an implausibly high quotation are all underwriting outputs with reasons behind…
· 3 min read
Premiums
The person selling you a policy is acting for somebody, and it may not be you
Insurance reaches buyers through several different distribution structures, and the differences between…
· 3 min read
Premiums
Injury claims, not damaged cars, are what make motor insurance expensive
The property half of motor insurance is small and quick, while the liability half is slow, uncertain and…
· 3 min read
Premiums
The price you pay divides into four parts and only one of them is the insurance
A motor premium is a risk cost, a loading for running the business, a tax and a set of fees, and knowing…
· 3 min read
Premiums
Two quotations are only comparable when the cover behind them is the same
Motor policies differ in excess, limits, conditions, bundled extras and payment terms, so a lower figure…
· 3 min read