Why such a big differance

[vince433]

Motor home insurance time.
Looking around for quotes
77 years old
No motoring convictions in the last 10 years
Have 10+ years noclaim on car but none on motor home
5000 mile per year
Motor home stored in CASSA Gold compound with 3 live in wardens 29 security camera's and electronic gates
Comfort Ins wants £1164
Advance Ins £532.87
Caravanguard Ins £364.50
How do insurance company's differ so much for the same risk

 

[TerryL]

Not sure where you store your van, sounds suspiciously like the same place as me, but I had that problem with Comfort on last renewal, and a few years ago too. It seems that they took no notice of the Gold CaSSoa status and instead relied on the first half of the postcode - which is a very high risk classification. Once I got them to ignore that and look at the address properly they were the best quote by far. Sadly we've now parted company as this time they wouldn't budge - so much for loyalty.

But the answer to your question is there - all insurance companies look at the risk factor and all of them have different loadings for different aspects. Result a huge variety of quotes, it's been a source of irritation for me for years.

Best to go for a good specialist broker - AIB were helpful to me even though in the end they didn't get my business.

 

[The Wino]

I think it's always been the same I remember when our son had quotes age 17 to insure our Corsa. I think the highest was over £20k

 

[Spriddler]

I'm 75 and have just renewed with Comfort, my m/h insurer for the past 7 years.
£365 (£339 last year). Fully comp. No breakdown cover.
No claims for 30+ years (but I don't think Comfort offer any NCB).
Rural Sussex.
Kept on my drive.
Valued at £17k.
Other than the VW base vehicle manufacturer's cab doors locks and one hab door lock there are no other security devices.

 

[Vipar]

Try “Lifesure “

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[vince433]

Thanks for all of the replies
Lifesure is the best quote £249

 

[Deneb]

How do insurance company's differ so much for the same risk

Because the expensive one's often don't want your business, as for whatever reason you don't fit their profile.

I search all of the comparison sites every year for my car insurance. I never choose the absolute cheapest, as there's usually a reason why they're cheap, but every year quotes range from a little more than £100 to several thousand. In one case, I think £22K was the highest. The most expensive are black box insurers who concentrate on younger drivers, and I suspect as an old f@rt they have absolutely no interest in me, other than being willing to take the money if I was stupid enough to cough up