Why is admiral so cheap

Read our guide: Which level of cover? We're proud of our car insurance and our customers seem to think it's pretty great too — we've won the UK's Best Car Insurance Provider eight years in a row, and it's voted for by the public.

If you choose wisely and you stay within your comfort zone, you could be experiencing the joys of motoring like never before. Lots of articles online tell customers how to get cheap car insurance. Every insurance provider sets their prices on different things, so what actually affects the amount you pay for insurance?

Your car insurance price explained takes you through how Admiral calculates your policy. Every car in the UK is placed in an insurance group ranging from 1 to 50, with 1 being the lowest and 50 the highest. Cars in the lower groups are cheaper to insure while those close to the 50 mark will be more expensive.

Car insurance groups are broadly set by The Group Rating Panel and administered by Thatcham Research; our pricing team considers these recommendations when calculating our car insurance prices. Motor vehicle repair costs account for over half of all the money paid out in motor insurance claims.

Longer repair times mean higher costs, and the greater likelihood of a higher group rating. The price of new cars including different trim levels is considered in terms replacement and repair costs. A standard list of 23 parts most often damaged in an accident and their costs. Lower costs mean more chance of a lower group. Claims stats show high performance cars often result in more frequent insurance claims so will usually be ranked higher.

By helping to reduce low-speed front to rear accidents, cars fitted with AEB as standard may have a lower insurance rating. With reference to the difference in costs, we price according to the risk we're asked to insure and where some customers will see an increase in premium, others will see no impact at all. Like all insurance companies, we will offer competitive premiums to attract new customers. Our customers are very important to us. We offer existing customers a range of special discounts and offers through MORE4ME, which we have negotiated exclusively for them.

Customers who purchase multiple products are also able to take advantage of additional discounts. A renewal rate can be higher for a customer for a number of reasons, in this case it was an extreme increase and we are sorry that Mr Turner received this. The money a customer pays is based on detailed information we look at as a company and currently our new business and renewal customers are assessed independently. We are aware this has caused some problems and have been working on a change to our systems that will help resolve this problem.

The premium we charge each customer is calculated from a series of detailed statistical models which study the past claims experience for similar customers. The differences in premium we charge for different levels of any rating variable are a true reflection of the risk we take on as an insurance company. In the customer's case, the difference between the renewal quote and new customer quote is because the process of setting a price is carried out independently between our new business customers compared to our renewal customers.

This means these two different groups of customers receive several independent rates based on their circumstances; as a result renewal rates differ to new business rates. Sometimes renewal rates will be lower than new business, and sometimes, as in this instance, they will be higher. The renewal rate can be higher when a policyholder falls into several categories where, based on our past claims experience for similar customers, renewal terms are less favourable than those for new business.

In a small proportion of cases, several small increases can come together to make a more significant rise in the overall premium. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

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Consumers should ensure they undertake their own due diligence before entering into any agreement. In This Review Admiral Insurance: Overall Review Admiral car insurance Admiral home insurance Admiral customer complaints, reviews and ratings To compare quotes or buy a policy, click the blue " Get Quotes " button below to head to car insurance comparison powered by our partner QuoteZone to see how much you can save—their panel includes Admiral, Hastings, RAC, etc.

Get Quotes. How Good is Admiral Car Insurance? Very helpful staff that answered all my questions. How to cancel Admiral car insurance? You can't cancel your Admiral car insurance online—you'll need to call in the case of a renewal that you don't want. The customer service number for Admiral car insurance is , to cancel a policy midterm or before it starts.

Is there an admin charge to make a change on my Admiral car insurance? If you make a change e. Does Admiral insurance include breakdown cover? Can you drive other cars with fully comp Admiral insurance?

If you are 25 or over and qualify, you may be able to drive someone else's car on your Admiral insurance. Check your Certificate of Motor Insurance to see whether the cover is listed; if so it is third party only. Does Admiral car insurance automatically renew? In most cases Admiral car insurance will automatically renew so that drivers aren't on the road illegally without cover. If you don't want yours to renew you'll need to call the renewals line at Do this before the new period of insurance starts to avoid paying any cancellation charges.

Is Diamond car insurance part of Admiral? Yes, Diamond is part of Admiral. Do Admiral insure motorbikes? No, Admiral does not insure motorbikes. For quick motorcycle insurance quotes go to comparison site —click the blue " QuoteZone. Is Admiral Insurance open today? Admiral Insurance customer service and renewal lines are open Mon to Fri: - , Sat: - andSun: - Do Admiral do short term car insurance?

Admiral has partnered with Veygo for short term car insurance for car sharing. Does Admiral car insurance cover Europe? Homepage Car insurance New Driver Insurance.

Retrieve Quote Any Questions? Get a Quote. British motorists are often shocked to receive their first-time driver car insurance quote Punished for your age or lack of experience, car insurance prices often stretch into thousands of pounds each year and can place a huge strain on finances.

What is LittleBox? Why is it right for new drivers? What benefits do I get? Free Theft Tracking As long as the unit remains active, our clever little box comes with free theft tracking.