Example case studies
To illustrate how changing just one factor can dramatically affect a
premium, we used a hypothetical case of a 21-year old female 2002 Ford
Ka owner, living in medium-risk Hove, East Sussex.
Our mythical driver had been driving for four years, with three years'
NCB, so her premium would be £716 - an equivalent male driver would
pay £914 however.
Meanwhile, swapping the Ka for a 1999 Rover 218 takes the premium to £1277.70
- or £1613 for the male driver.
Next we looked at a 45-year old property developer, also living in Hove and
driving a 2006 Ford Focus LX. Covering 5000 miles annually, he has a
£200 excess, five years' NCB and leaves his car parked on the street. His premium
is £268.41, but if we then tinker with these factors:
- Add two claims and remove any NCB entitlement, the premium becomes £702
- Add a speeding conviction the premium becomes £301.92
- Add in a conviction for mobile phone use and the premium is £355.78
- Add a teenage second driver the premium is £1445.09
- Make the car a Porsche Boxster and the premium becomes £562.31
- Increase the excess to £500 and the premium drops to £251.22
- Protect the NCB and the premium becomes £295.17
- Change the occupation to working in the motor trade (high risk) and the
premium is £313.17
- Make the home address Toxteth in Liverpool (high risk) and the premium jumps
- Make the driver an 18-year old male and the premium increases to £2,821
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