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I live on a new estate. Because it’s new there is limited history so they assume a higher risk. It’s reflected in my premium. We are last house and right next door to the old estate (but different road name, no way through). If I use my neighbours post code for the old estate, all other info the same, I could save £120. Car parked three yards away.
But it is what it is. Prices work off complex models and you win some and lose some. Market has been very soft and prices low. Other insurance markets are starting to harden, if that comes to motor then we will all lose....
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