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The data you've linked to includes figures for 6 months - May of course is the one that went over 80%.
Since those 4 of those 6 months are probably likely to see the lowest claims due to winter, would it not be fair to assume that the quotes will increase as more data is added and until 12 months of data exists?
And therefore that people who have taken out policies in the last few months will probably see on average a higher charge than they expect to?(full disclosure, am one of those who has taken out a policy in the last few months, and my first two months were 85% and 100% of cap)
lf-
Hi, we are showing only 6 months of data as it is easier on the eye but have been going for 18 months now. In the past 18 months our average is at around 55% and have only 3 months with > 70% (the peak months including May '19). Given the monthly renewing policies there should be little risk for you.
We are further working on splitting up the Laka Community into, say, a new joiner and silver pool. In the latter we will bring the cap down and more. This is in the making and we're aiming to share more by the end of this quarter. Stay tuned - we hope :-)
user101349
Hey, we are quite transparent about his and you can read all about it here: [https://laka.co.uk/en/article/how-we-calculate-your-quote-gcutxs/]
Over a 12 months period expect to be around 55% of the cap. In Summer of course there are a few claims more (particularly May with 2 bank holiday weekends). In 18 months of trading we went only once over the 80% mark.
All the best, Tobi
Co-founder of Laka