My daughters car insurance runs out on the 18th june and she has the renewal notice at £498. I always end up paying it anyway so called them to do so, just one change to it as I wanted to put a personal number plate on it and was expecting to pay a change of details fee. This was not so, I was given a revised renewal of £462 which I was happy to accept but why I ask myself, same car. same risk.
As my dad got older his insurance started to climb and as Mum didn't drive his car that much he asked what affect it would have if he removed her as a nominated driver, it went up considerably so she stayed on the policy.
Perhaps the premium cut is because, in the the event of a write-off, they will sell the plate on themselves?
In the past with a write-off I was asked whether or not I wished to retain the registration and when indicating yes was sent all the relevant paperwork. As I understand the rules are that once I have signed it (the vehicle) over to them and they become the owner/keeper then they are entitled to the plate so a tricky legal situation but I think they would be unwise for them to abuse it.