Insurance confusion

[johnvill73]

Hi everyone I'm looking at getting back into the fold again hopefully a tourer this time as a second car the thing is I don't understand how insurance company's workout their pricing done a few quotes a diesel comes out as £430 yet a 2.5l petrol £230 how can that be right
Confused

[Dawn]

My 2.5 is twenty cheaper than my 1.8 with the same company!

[Polly]

Originally Posted by johnvill73

Hi everyone I'm looking at getting back into the fold again hopefully a tourer this time as a second car the thing is I don't understand how insurance company's workout their pricing done a few quotes a diesel comes out as £430 yet a 2.5l petrol £230 how can that be right

Confused

If I was to hazard a guess, I'd say that a diesel would be the preferred option of high mileage users, therefore they will be more likely to be involved in an accident, so have a worse claims record.
It's all got to do with risk assessment, and many factors can be in play. Perhaps the 2.5 was the car of choice for the real pipe and slipper brigade, so more likely to be driven very carefully.


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[tourer]

Originally Posted by johnvill73

Hi everyone I'm looking at getting back into the fold again hopefully a tourer this time as a second car the thing is I don't understand how insurance company's workout their pricing done a few quotes a diesel comes out as £430 yet a 2.5l petrol £230 how can that be right
Confused

Try stipulating what mileage you intend doing.
If it is low you may get a better result.

[bl52krz]

Originally Posted by Polly

If I was to hazard a guess, I'd say that a diesel would be the preferred option of high mileage users, therefore they will be more likely to be involved in an accident, so have a worse claims record.
It's all got to do with risk assessment, and many factors can be in play. Perhaps the 2.5 was the car of choice for the real pipe and slipper brigade, so more likely to be driven very carefully.


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So what you are saying is that 8000 miles in a diesel, is more risky than in a petrol ? Don't forget we have to put down how many miles we want to travel per year when applying for insurance. Hence my question.

[Polly]

Originally Posted by bl52krz

So what you are saying is that 8000 miles in a diesel, is more risky than in a petrol ? Don't forget we have to put down how many miles we want to travel per year when applying for insurance. Hence my question.

No, that's not quite what I'm saying. Not everyone has mileage restrictions, and perhaps you will find that they actually make little difference to the cost. From my own experience admittedly some years ago, I had a car written off in an accident, so in order to get me back on the road quickly, I removed the 2000 mile restriction on a Jaguar xj40 I had. The additional premium was £5 hardly worth the bother of having the restriction. More recently, I have a MG ZS 120 that I seldom use, so had it covered for off road risks only. Last year I decided to use it during the summer, so upgraded the insurance. Would you believe NO EXTRA PREMIUM, and there is not even a mileage restriction on it.
But to get back to the point:
Every car is graded according to that particular models claims history. If the claims history for a Rover cdti is worse than that for a MG cdti, then, in spite of being exactly the same car, the rover driver will be expected to pay more for his insurance. This often happens with the hot hatches favoured by young drivers. They develop a grim insurance record, so someone has to pay.
Hence you might find some strange quotes. Perhaps it might be cheaper to insure, let's say a Ferrari, than perhaps a Citroen C5, simply because the Ferrari owner is highly unlikely to park in a supermarket car park.


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[MSS]

I have found diesel cars to be more expensive to insure than the equivalent petrol models. I suspect it may partially be due to the added complexity, and therefore cost to fix, of diesel engiend cars.

But, there are many variables that lead to the insurance industry's assessment of risks on any particular car.

My most powerful car, an Omega V6 estate, costs the least to insure amongst my fleet.

[steve-45]

And my next door neighbours 2 year old C class Merc costs about 1/2 of what it does to insure a 75 Conni Diesel !

Were both of similar age and driving history and of course postcode.

[Rooney]

Diesels do cost more to insure, that's because insurers consider they'll cost more to repair, and generally more to replace.

Google will give you the UK underwriters spurious list of additional reasons.

The CDTi is ridiculously expensive to insure, certainly in Northern Ireland, unless on a classic car policy.

[carl]

ive just insured my tourer (cdti) and as its a 4th car i have no NCB but the wife does have - shes using it on her CDTi saloon zt - i rang aviva and they said i can mirror the wifes no claims to my policy as long as were both on both policies - so i rang the wifes insurance (LV) and they do the same so were both insured with 9 years NCB
Shes paying £257 aand im paying £365