[QUOTE 5538212, member: 9609"]You are mostly insuring for the damage you could cause to others - very easy to do a million pounds worth of damage to another person. May be people in cars worth £2,000 drive with less care than someone in a £20,000 car ? so yes you could be a bigger risk.
I think it can be even more costly when you go 3rd party only, (presumably the deem you as to not giving two hoots)
I wish they made it a compulsory £10,000 excess on any motor vehcle, I suspect it would make drivers a little more careful how they drive.[/QUOTE]
My car has done less than 18,000 miles and is in great condition. Just before Christmas somebody drove into the side of it and made off. If I had claimed on my insurance they would have written the car off due to its low book price and paid me out £2,000 (less my excess of course). I can't afford to get another car, so I had to fork out £550 to get it fixed. I drive is just as carefully now as when it was new.