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@30 November 2017 15:59
No....... lets not say I've had an accident because that is not relevant in my situation of having built up 15 years of no claims. As for why I should have a lower premium well precedence was set by insurances companies for the first seven years of driving building up my no claims in order to get a cheaper quote the following year.

Insurance company wanted me to prove I'm a safe driver and less a risk and they'll give me a discount on the previous year... makes sense. Less risk of paying out.

Stands to reason if I continue not making a claim proving that I'm not a risk to the insurer then why should I pay the cost for other motorists involved in an accident of their fault.

By all means if I cause an accident then I accept that I lose my no claims and the risk to the insurer goes up on renewal with a higher premium. However this hasn't happened but I'm footing the bill for other less safe drivers and the reason why when all the B.S. is done is that the insurance company would rather me a safe driver of 15 years pay the cost of accident prone drivers than their shareholders.... simple as that.

plus you're working on the incorrect assumption that my premium stays at £500 where as it would actually go more like £500, £535, £560, £597, £623, £650, £668, £685, £712 so £5530 mean while my car's value would only be going down reducing the expense of write off to the insurer even less.

You've used all the magic word there though....'average'

Its insurers deciding on my premium (not on an individual basis and a conclusion on my own individual basis) but on an average of the thousands that make claims. .. Its all a numbers game and they know that the average premium on a policy needs to stay above a certain amount and that's why they never come down as they've profit margins to protect.

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