Insurance logic?

[hymerman]

I've just renewed my insurance and as usual tried to get a discount , non available.
I then asked for a quote but to include my wife on the policy, £30 discount given on original quote.
Where is the logic in that ?

 

[Guigsy]

Two things:

Insurance is based on stats. Somewhere there are vast amounts of stats that show that on average, putting a wife on the policy will reduce the risk.

Also, renewals are always higher. Forcing them to re-run their numbers effectively gives you the 'new customer' rate.

 

[David and Sally]

She's a better driver????

 

[Figaro]

Putting my wife on the policy would double the premium

 

[Cheshirecat57]

I've just renewed my insurance and as usual tried to get a discount , non available.
I then asked for a quote but to include my wife on the policy, £30 discount given on original quote.
Where is the logic in that ?

Oxymoron of the year, “logic” and “insurance company”

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[BreweryDave]

Adding a second driver mitigates the risk of them having to pay out to recover the vehicle in the event the driver is taken ill, simples ??

 

[pappajohn]

Adding a second driver mitigates the risk of them having to pay out to recover the vehicle in the event the driver is taken ill, simples ??

What if the named driver isn't in the vehicle at the time?
A lot of my trips are on my own.

 

[hymerman]

Agree with all the replies and some very amusing ones, she will never actually drive the van as she's too scared of the size of it ( van ) Ha Ha.

 

[BreweryDave]

What if the named driver isn't in the vehicle at the time?
A lot of my trips are on my own.

It matters not, as far as the risk is calculated at time of inception, there is a chance that there will be a second driver available, whether there actually is one present or not. Doesn’t mean that person has to be with the vehicle at all times!

.......
Blimey, and heres me being all sensible and helpful, must put a stop to that.........oh look, it’s beer o’clock ?????
Alvor 90cent Bar here we come........I’ll say farewell now, prob be off to Coventry again later ???????

 

[Deneb]

Agree with all the replies and some very amusing ones, she will never actually drive the van as she's too scared of the size of it ( van ) Ha Ha.

You didn't get a discount on the original premium, you got a new quote based on two named drivers. It is fairly normal across the industry for insurance to be cheaper when a partner or spouse is included as a named driver, than for a single driver. Insurers run the numbers and must know that on balance the risks are lower for whatever reason.

Be careful though. As alluded to above, you could find it a problem if your wife won't drive the MH, should you be incapacitated through illness or injury for example. My insurance provides cover for the vehicle and occupants to be recovered or driven to their destination in such circumstances, but only if no other driver is available. If your wife is named on the policy, and presumably has a licence to drive the vehicle, that cover would be declined if she was with you as the insurer would expect her to drive.

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[Rapido925M]

Be careful though. As alluded to above, you could find it a problem if your wife won't drive the MH, should you be incapacitated through illness or injury for example. ........ if she was with you as the insurer would expect her to drive.

I discuss this with my insurers every year (SAGA for the last 3y) and they have stated that they accept that my wife may be too upset to drive if I have had an accident or am incapacitated. They will therefore provide an alternative mode of transportation.

Gordon