Sort of Customers Should UK Car Insurers Love?
UK car insurance
companies, including those that deal with short term
policies such as
delight in issuing
insurance policies to drivers
who fit certain specific parameters. These criteria help
lower the financial risks to the car insurance company.
Safe, Inexpensive Cars
The type of car
definitely matters a great deal to car insurance companies.
Fancy and costly cars are at a higher risk of being stolen
than much more conservative cars. Cars such as mid size
sedans, family vehicles, and economy automobiles are all
considered excellent risks to car insurance companies when
it comes to giving out a policy. Moreover, cars that have
the most state-of-the-art safety features such as side
airbags and anti-lock brakes and sophisticated alarm systems
will all make car insurance
companies love such a customer
because their risk is dramatically reduced to sell a policy.
The safer a car is, the less chance that a driver or
passenger will be injured in an accident, so that means much
less incidence of the insurance company having to pay out an
expensive personal injury liability claim.
UK car insurance
companies truly love those people with unblemished driving
histories who want to get insured. The better a customer's
driving record, the less money the automobile insurance
company will have to pay out in damage claims for property
or for personal liability. Car insurance companies know that
if a customer has a perfect driving record that such a
method of driving will continue into the future as long as
the customer is insured by a specific car insurance company.
UK automobile insurance companies feel much more financially
secure when they can acquire as many customers as possible
who have untarnished driving backgrounds. The problem for
automotive insurance companies is that not very many
potential customers have completely clean driving histories.
exceptionally important to UK automobile insurance agencies
that their potential customers live in the safest
neighborhoods possible. The safer a community is, the less
chance of any harm happening to an insured's car.
Statistically speaking, from the UK automobile insurance
company's point of view, far fewer high priced claims have
to be paid out to those customers who live in the most
secure areas. It's also a problem for many automobile
insurance companies to always find customers who live in the
very best areas. So in order to generate as much business as
possible in the form of premiums, many UK automobile
insurance companies still have to insure at least some
drivers from the less desirable parts of town. This means
that the insurance company can't always get that perfect
customer that they want so much involving this aspect of
selling a policy.
The age of
drivers is highly influential to car insurance
companies as well. Their favourite type of customer is in the
40-60 age range. This is because these customers have
extensive driving experience and they tend to also be much
more responsible behind the wheel. Middle age drivers pose
one of the lowest financial risks possible for an automobile
insurance policy, even if it is for short term car