Many times these large aggregator websites fail to give a reason why they can’t cover your car. Some companies will give you a phone number so you can get a quote over the telephone. However, these types of companies still pose a risk of not being able to provide cover, even if they are directly contacted.
Car Insurance companies that offer online quotes through standard comparison websites have strict underwriting criteria. To be eligible for a quote, you must meet certain criteria. Nearly half of UK residents visit major motor insurance comparison websites.
What many claim to be able to market compare you the market fail to tell you is that if your answers to the proposal or application form do not match the type of risk they are looking for, you will have wasted your time.
Many people who search online for motor insurance cover options are disappointed that they cannot insure their vehicle or car as quickly as they would like. The comparison company did not mention that you can’t tick all boxes and you are considered a non-standard risk.
There are many more customers than the main car insurance comparison websites fail to satisfy. They then take up any quote from another source even though it is extremely expensive because they fear that they won’t get coverage elsewhere.
Actuaries are people who help car insurance companies calculate rates for different risks.
The risk rates for certain car combinations or groups of people are set by the underwriters and the actuaries. Many people don’t meet the standards set by the underwriters and actuaries. They are either excluded completely from the quote process, or offered a quote that is so costly that they won’t be able to take out the coverage.
Some people continue to pay more for car insurance than they should, even though they know they are high-risk, and are grateful that there is a company that will cover them. Most people continue to pay high premiums for their car insurance, mainly due to inertia or laziness, or misguided loyalty that borders on Stockholm syndrome. They don’t realize that a few hours of searching online for other coverage could save them hundreds of pounds and even thousands of dollars.
Two factors or reasons can make someone a nonstandard risk. These are you and your car.
The risk price that you pay to buy your car on a comparison site is determined largely by the risk category assigned to each make and model. Each car in the UK is assigned a risk category for rating purposes. Twenty being the most high-risk, often expensive, fast sports cars. You pay more if your risk group is higher than others. High risk groups exceeding 14 are not included in many online insurance comparison sites. They may be excluded for certain factors or will refuse to provide a quote.
Any modifications or changes to a standard vehicle will affect its risk group, which could lead to an inability to quote online. The age of a vehicle, whether it is a classic or modern car, will have a significant impact on its risk price. This could lead to the exclusion of the quotation process.
While most cars are fairly standard, not all people are. Variations in human characteristics are the most common reason people don’t get quotes from standard car insurance companies. These could be gender, age, where you live, and what you do for your living. Online quoting is not available for many occupations. Some providers offer special schemes that cater to different age groups. A decline in quote may be due to theft rates in the area where you live.
A specialist broker or motor underwriter is the best way to solve all of the problems mentioned above. These specialists will be able to create car insurance plans that cater to all the nuances that comparison websites won’t give you. You may find more money if you visit a specialist insurer than if the risk you are quoted for is the actual risk.
