You work in the industry, so you're naturally biased. What about the 4 out of 5 young drivers that don't have accidents? You're happy for them to foot the bill even though they've done nothing wrong? As for older drivers paying for the mistakes of younger drivers, from what I can see it's a case of all drivers regardless of age are paying to line the pockets of shareholders and stakeholders. Insurance companies crying about increases in taxes is a joke.
Last year as an example, Admiral made pre-tax profits of £193 million in the first 6 months of trading. With an average of 4 million customers, that's an extra *£48.25 per customer. So last year my policy cost nearly an extra £50 because Admiral wanted to boost their profits. Did I get any extra cover for it? Not a chance.
*Total yearly profits would obviously increase this price.
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1996 850 T5 - Sold
2003 S40 1.9d - Sold
2004 S60 D5
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