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Asked: Aug 25, 2008 - 03:27 PM

Status: Closed

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hilversum

Why does your car insurance increase when you remove a car from the policy?

My car insurance premium increased when I dropped one car from the 3 cars that are insured on this policy. Shouldn't the premium be less, not more ?

In Car Insurance > Buying Insurance
In Car Insurance > Insurance Claims
1 answer - 455 days ago

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obyone

Date: Aug 25, 2008
Time: 07:19 PM

That would depend on what's left rather than what's gone. If the value of the third vehicle is substantially less than the other two your policy has a good probability of seeing increased premiums as the "risk" is no longer divided among three versus an expensive two.


A good example is if you had an old Mazda protege and a vette. If you sold the Mazda you'd be surprised how much your premium would increase having a vette as an only and daily driver. Even if its ten years old.

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obyone

Date: Aug 25, 2008
Time: 07:19 PM

That would depend on what's left rather than what's gone. If the value of the third vehicle is substantially less than the other two your policy has a good probability of seeing increased premiums as the "risk" is no longer divided among three versus an expensive two.


A good example is if you had an old Mazda protege and a vette. If you sold the Mazda you'd be surprised how much your premium would increase having a vette as an only and daily driver. Even if its ten years old.

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