Quote Originally Posted by Kris View Post

Motor Insurance is not a profitable line of business for insurers, it's a loss leader for selling policy ancillaries and for selling additonal insurance .... ever wondered why insurers ask you if you are a home owner, how many kids you have? Data they can use to offer you home insurance, life insurance, medical insurance.. just like any other business that cross sells product ...like supermarkets.
+1, contrary to popular myth insurance companies don't make much profit from vehicle insurance and it's always been that way, my father worked all his life in the insurance business and he used to tell me this back in the 70s when I was moaning about the high costs.

Here's a question for all those moaning: How much would YOU charge to underwrite the insurance of a typical vehicle for 12 months?.....think about !