Quote:
Originally Posted by another_clean_sheet
It is purely determined by the risk to the insurance company whether it is your age (youngsters and at the other end of the age range are a greater risk), where you live, whether you keep your car in a locked garage. Powerful cars are riskier and certain manufacturers parts are more expensive than others etc.
At the end of the day they take the estimated cost of the risk plus overheads plus profit.
If is such a profitable business there would be more new insurance companies starting up like there is in the banking industry.
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I am simply referring to the issue regarding points not all the other risks. I see no reason why the insurance company should keep the details for 4 or 5 years when the legal authorities do not.What will they do next....extend it to 6 or 7 years.