Motor Insurance Quote Analysis Reveals Car Choices Change With Age

Published: 6/9/2010

After a study of the data gained through the Tesco car insurance comparison site it has been found that car choice is determined a lot by the age of the driver.

The typical Jaguar driver, for example, is 47 years old, whilst if it is a Mercedes then they will be, on average, 43. Moving down a little on the age groups, Volvo drivers tend to be around 42 whilst Porsche drivers, specifically of the 911, Boxster and Cayenne will be around 40 years old.

These marques are only a small sample from the full list, but one thing that is immediately apparent is that, with the average value of these cars higher than the general runabout drivers may well need to be 40 plus in order to get car insurance cover at a reasonable premium, from Tesco Finance or anyone else.

FSA Issue Fine Of GBP735,000

Hastings Direct has been fined GBP735,000 by the FSA (Financial Services Authority) for treating its customers unfairly. The car insurance company was found to have cancelled over 4,500 policies following a pricing error. The problem was caused by the Hastings Direct car insurance quotation system, which generated quotes that were lower than the market rate. The insurer then decided to cancel these policies, a step that was not acceptable according to the FSA. Although a cancellation clause was included within the policies the FSA felt that Hastings Direct should have considered other options first rather than invoking the cancellations. They believe that it is not acceptable to cancel cover because of what is simply a pricing error.

Mobile Phone Use Can Increase Motor Insurance Premiums Warns AA

Being caught using a mobile whilst in the car is going to prove even more costly as insurers will increase premiums for those charged says AA Insurance. Having checked the situation with 8 different insurance companies across the market AA Insurance found that premiums could cost between 4 and 18 percent more because of a mobile phone offence. This can easily add GBP40 or more to the average annual premium. A spokesman from AA Insurance explained that using a hand held mobile phone whilst driving means reduced vehicle control, slower reaction times and a heightened risk of an accident. Therefore premiums are naturally going to be more as the risk is greater. Looking for a great deal on car insurance? Find excellent prices and cover with AA Car Insurance.

Car Theft Study

Car insurance company Admiral have been looking at car theft and what is taken, with some surprising results. The most common items that are taken from vehicles, not including stereo systems, are individual CDs, satellite navigation systems and MP3 players. After these come jackets, mobiles and laptop computers. Perhaps a little more surprising though are some other items that Admiral found car thieves have taken, including disco lights, celery, sandwiches and a wet suit! Admiral also worked out the typical value of items in the average family car, coming up with a figure of GBP2,800 per vehicle. With such a sum of items that can be taken it is important to ensure car insurance covers these different areas to make sure the value of goods taken is covered as well as the car itself.

Motor Insurance Quote Analysis Reveals Car Choices Change With Age

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FSA Issue Fine Of GBP735,000

Mobile Phone Use Can Increase Motor Insurance Premiums Warns AA

Car Theft Study