I think this is better on the Card board. Moved with shadow left.. (chas49)
If a younger person (34) with clean driving licence, is added to the insurance of an older person (72) also clean licence, will this reduce insurance premiums?
R6
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will this reduce insurance premiums?
PrincessB wrote:will this reduce insurance premiums?
If you're comparing, try fooling with the average mileage you're planing on.
While not directly comparable to your situation, the insurance for #1 Daughter's first car decreased as we tried different milage settings - From memory we hit a sweet spot at about 7k miles per year. More and fewer miles cost more.
As a guess, a 72 year old is likely to be retired and I supect the insurance companies are happier with someone who drives reasonable distances on a regular basis to 'keep their hand in' rather than someone who drives to town once a week and only requires 1500 miles a year.
Theory only.
B.
richlist wrote:PrincessB wrote:will this reduce insurance premiums?
As a guess, a 72 year old is likely to be retired and I supect the insurance companies are happier with someone who drives reasonable distances on a regular basis to 'keep their hand in' rather than someone who drives to town once a week and only requires 1500 miles a year.
B.
I'm glad you added 'theory only' to your post.
Most of the retired 70+ year olds that I know drive considerably more than 1500 miles a year and travel to lots of interesting places that don't include their local town.
More 70 year olds are remaining in employment than ever before as well.
didds wrote:I only have 10K miles on my own vehicle's insurance .....
(snip)
I don;t do 5K miles a year in it as it is. ....
(snip)
I doubt I drive more than 6K a year total (and that's a generous estimate).
chas49 wrote:That's an interesting point which I hadn't considered. Clearly it's not a good idea (v.v. bad!!) to state you drive X miles p.a. and then actually do X plus Y miles. If you do that, you risk having claims refused (and ending up uninsured?)
ten0rman wrote:Our annual mileage is around 12-13K. We are both pensioners aged 75 & 67. 5 years ago, our daughter ended up in hospital following a serious accident and we ended up taking her 6 year old daughter to see her mother just about every weekend. This put our annual mileage up to almost 18K. I advised our insurance co, and it was increased without any problems and only a small premium increase.
ten0rman
I wonder if your premium increase was an admin charge?
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