Thread: Insurance
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Old 20-03-2015, 12:37 AM
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Quote:
Originally Posted by grape juice View Post
The whole principle of excess is so flawed.

My age excess at 24 $600
My age excess at 25 $0

In one day I become a $600 dollar safer driver. Not to mention said excess has absolutely no bearing on my driving experience. Find it bullshit some one could be 25 and have their license for 3 days and pay $600 bucks less excess than myself who has driven and held comp insurance and a license for almost 8 years straight never making claim.
Probably because it is easier and more consistent for insurance companies to base their premium calculation on age rather than driving experience. It is all down to the numbers they get from the actuaries.


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