Group Buying Car Insurance

Group Buying for Car Insurance!?

What do people think about the idea of group buying car insurance in the UK?

If we take the young driver car insurance market as an example, we all know that premiums are skewed for the majority by the poor driving of the minority! This system is delivering exhorbitant quotes for fully comprehensive cover for under 25’s.

It is quite possible that motor insurers would be interested in lowering premiums for members of a group with similar driving/vehicle profiles. If the group was big enough then the insurer would benefit by capturing more customers and increasing market share.

In addition we all know the power of collective repsonsibility! Meaning group members would feel more focused on maintaining good driving habits etc, for the benefit of the whole (keeping future premiums low).

Your thoughts please!

Like this on Facebook


Hi My name is Andrew and my area of expertise is car insurance. I have many years experience within the industry and have built up a considerable amount of knowledge.

Tagged with: ,
Posted in Car Insurance, General Car, HomeApproved, Insurance Marketing, New Drivers, Young Drivers

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: