What is the actual.problem here?
Isnt it the driver that is insured rather than the vehicle?
Surely I am as likely to have an accident in a 2018 vehicle as I am in a 2008 or a 1998?
?? You think insurance companies finance the purchase of vehicles??The problem with older cars is that the insurance companies aren't making enough money from Hire Purchase or finance on these vehicles.
It's that simple.
?? You think insurance companies finance the purchase of vehicles??
They're only an insurance broker. They receive the same commission regardless of premium or age a car.Yes of course, one example is Bank of Ireland.
Fake news!Yes of course, one example is Bank of Ireland. They provide car finance and car insurance. But they won't insure an older car.
By refusing to insure older cars it forces people to buy newer cars making more interest on finance products.
I think you are hinting at a cartel?The problem with older cars is that the insurance companies aren't making enough money from Hire Purchase or finance on these vehicles.
It's that simple.
Hi, Aviva will quote for new business on cars up to 14 years old. For existing customers, it doesn't matter what age car is.RichInSpirit, have you been with the same insurer since the car was 10 years old? Has anyone found an insurer who'll underwrite a new policy on a 10+ year old car?
a cartel? How could anyone consider that..I think you are hinting at a cartel?
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