Calculaton of car insurance

jamescc

can any one tell me how car insurance is calculated,last years price was 2,2oo . i hope that it goes down this year with two payments left of 224.88 i have a Provisional license, an endorsement from 2003 banned from driving for a year for no insurance not many insurance company's will touch me till the endorsement is over

Losty Dublin

jamescc wrote: »

can any one tell me how car insurance is calculated,last years price was 2,2oo . i hope that it goes down this year with two payments left of 224.88 i have a Provisional license, an endorsement from 2003 banned from driving for a year for no insurance not many insurance company's will touch me till the endorsement is over

Like this

TBH €2k isn't bad considering you have as bad a record as you have. The best you can do is to keep a clean card, pass your test with ASAP and work away at your no claims bonus steps.

Oh yeah, if you get lessons off a DIR school, it will get you an extra few € off some companies

artful_codger

if you're with Quinn, then your insurance is going to go way up this year !
they're putting up prices to get themselves out of administration.

how can u still have a provisional since 2003 ? As well as insurance, did you not think you need a driving license either.

logonmar

Depends on the company you are insured with. Most of the larger ones have rating models that reflect claims in segments customer falls into based onage, cc of car, licence type, where you live, occupation, years claim free etc. etc.
In reality calculations are far more sophisticated than most people imagine.

Still on a prov lic after so many years will definitely add to your cost and some companies still penalise you for 6 - 12 months after yoiu pass test due to 'inexperience';

jamescc

artful_codger wrote: »

if you're with Quinn, then your insurance is going to go way up this year !
they're putting up prices to get themselves out of administration.

how can u still have a provisional since 2003 ? As well as insurance, did you not think you need a driving license either.

i haven't driven since 2003 let my license lapse only renewed it in 2010 so i had to start from scratch theory test

Cookie_Monster

so you have a Learner Permit, not a provisional. A few subtle differences such as never being able to drive unaccompanied by a full licence holder (over a certain age) whereas (2nd) provisional you could.

jamescc

dosen't say pro or learners permit on it but i have not looked at it so closely

Cuddlesworth

jamescc wrote: »

dosen't say pro or learners permit on it but i have not looked at it so closely

Your aware that driving without a full license holder of two years can earn you a 1k fine and driving ban right? And taking down the L plates puts another 1k into the mix.

As for the original question, Actuaries look at crash statistics over a number of years and work out the relevant trends according to various factors sex, age, location, experience etc. Basically any question you are asked is more then likley taken into account as a factor. This leaves the chance of you crashing. You are then grouped with other similar people in your risk range and they work out the possible cost in relation to the money needed. Its not a perfect science and there are anomalies, but its works out overall. Then its passed to the marketing/sales teams who decide what demographics they want to use and how market perception could affect the image of the company, the figures are screwed with pseudo-science and get lumped back on the actuaries who again have to factor in the above bull**** into the mix.

jamescc

i would never have put back in for my licence only my father died and i care for my mother, so now i am doing all the things that my father did.
so i do need the car to take car of my mother doctors, hospitals etc