Glenlivet Posted October 9, 2016 Report Share Posted October 9, 2016 I used Adrian Flux to insure a bike I was importing on VIN. Their renewal price on the now registered bike was ridiculous! Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 9, 2016 Report Share Posted October 9, 2016 You don't need to own a vehicle to insure it. Theoretically you don't own any car on hire purchase or a lease. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 9, 2016 Report Share Posted October 9, 2016 Currently run a 53 plate shogun pinin insurance £258.value £1000. Looked at a audi A5 value £16500 same details for insurance quote. Premium £427 how do they work that out? Its to do with the history of accidents in the past involving that model and how much the claims have been. Computerisation and data sharing mean its all down to statistics these days. They can also profile driver in much the same way, age, job, postcode etc. There is a massive shared pool of history for them to draw on. Quote Link to comment Share on other sites More sharing options...
Glenlivet Posted October 9, 2016 Report Share Posted October 9, 2016 You don't need to own a vehicle to insure it. Theoretically you don't own any car on hire purchase or a lease.But you do need an insurable interest. Quote Link to comment Share on other sites More sharing options...
norfolk dumpling Posted October 11, 2016 Report Share Posted October 11, 2016 Insurance interest can be the obvious one of ownership or (when we insure TP only) the liability arising out of the use of that vehicle ie if you injure someone and you are at fault you will be expected to compensate them. Quote Link to comment Share on other sites More sharing options...
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