Until Motor insurance premiums start to fall again, if I had to guess.
MCE
- Thread starter Wapping
- Start date
Until Motor insurance premiums start to fall again, if I had to guess.
He will be considered "at risk" because he had one bike stolen.
If I have to guess, but you are the 'expert'* in this field (if I remember correctly) the "risk" factor should go down with the years, correct?
Like: I had an accident ages ago and my premium increased for 3 years, then dropped down again to pre-accident (+/- yearly increases) normal rate.
In that case was because I couldn't be sued anymore (accident was with a pedestrian) by those pesky accident-claims lawyers.
* not that is your job, but might have a bit more knowledge than the everyday bod
If I have to guess, but you are the 'expert'* in this field (if I remember correctly) the "risk" factor should go down with the years, correct?
Like: I had an accident ages ago and my premium increased for 3 years, then dropped down again to pre-accident (+/- yearly increases) normal rate.
In that case was because I couldn't be sued anymore (accident was with a pedestrian) by those pesky accident-claims lawyers.
* not that is your job, but might have a bit more knowledge than the everyday bod
Rising / falling premiums are a possible factor of at least two things:
A. A bod’s recent claim record; though some (many?) have found that their premium did not increase after a claim
B. A generally rising or falling ‘market’, maybe distorted to some extent by region and / or make of vehicle and insurers’ individual appetites. For example, it is common knowledge that London is now less popular with insurers than it was even a year or so ago. Bikers have played their part in this, too.
Your friend will know when he next applies for insurance.
A. A bod’s recent claim record; though some (many?) have found that their premium did not increase after a claim
B. A generally rising or falling ‘market’, maybe distorted to some extent by region and / or make of vehicle and insurers’ individual appetites. For example, it is common knowledge that London is now less popular with insurers than it was even a year or so ago. Bikers have played their part in this, too.
Your friend will know when he next applies for insurance.
I know.
I keep seeing a lot of bikes poorly locked/secured.
I don't want to blame the victims... but FFS... some common sense
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