Quote:
Originally Posted by ChrisKnottIns
You're missing that 1 in 5 is a high frequency compared to more experienced drivers. Therefore the risk of a young driver is greater. As I said before you have to pre-empt this because you don't know which is the one in the five.
There's no fairer way of working it I'm afraid.
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Then why don't insurance companies offer refunds to those who don't claim? No claims bonus does not cut it I'm afraid, because again the figures are made up based on someones interpretation. I think companies should offer an initial cost quote, and a refund figure should the policy holder successfully complete their first years driving accident free. Reward the other 4 out of 5 drivers, and stop making them pay for others mistakes.