Ships & Modules

Anyone else notice how messed up the ship insurance program is? It seems like it's gotten worse over the past 12 months. It's as bad as a Jita Scam.

So, what's wrong with the system- not even getting into T2 or T3 ships.

For example: I just built out an augoror for a low sec roam. The hull cost around 8 million and change. For platinum insurance it's 1.1 million ISk. That pays out 3.7 million ISK. If this were based on mineral price, it should pay out roughly 8 million ISK. This is seriously broken.

I'd like to see the insurance program be based on the estimated market price (you know, the price Eve tells you something is roughly worth) of the hull. Those prices are closer to reality and would be a much better payout. You could even make it 90% of the estimated price- that would still be an improvement over the current system. Also, if you tie it to the estimated price, then that would solve the problem you have when you insure a T2 or T3.

Fixing the insurance program might also cause people to be less risk adverse and that would bring more death and destruction to New Eden.

This would be the best way to do it while also taking a some what realistic approach. I'm not sure how it would be done but if you could have players control insurance that would be an interesting thing so long as the NPC insurance isn't removed

Your idea is also bad. If the insurace payout was higher than production cost (near market value, for instance) then people would just make ships, insure them and self destruct them in bulk to make isk. Bad for the economy.

I can afford to lose a hundred ships and still fly about. I am also more likely to survive, since I've spent years in this game. Meanwhile, a new pilot will not have much isk and is also more likely to lose ships to harmless mistakes. There's a reason best insurance is given for T1 ships.



Insurance pays off for T1 ships, making them relatively cheap to fly compared to more expensive options - this means they're not completely obsolete even when the pilot can fly others ships about.

personally i think the insurence is currently this way because the extra mats arent included so coming crius im interested in how it will effect it. I havent done spreadsheet work on it so my impression might be wrong.

because as we all know, every single T2 hull is more expensive than every single T1 hull.

No, insurance gets people into fleets. If there was none, you would't have a third of the fights you have today.

We need a meme with the progressive insurance lady for this thread.

The Auguror was, until recently, a Tier 1 Cruiser. As such it cost significantly less to manufacture. The changes in Tiericide drastically increased the materials needed to build the ship and the insurance costs simply haven't caught up yet - it's also possible that the insurance calculation doesn't take the extra materials into account, but they're going away soon too.
Of course the object of insurance is not to cover the cost of the ship but to make losses less painful for new players who might otherwise be crippled by them so the value should only start to get really close to market prices on T1 frigates (and perhaps destroyers).


Edit:
Now with added Dev Confirmation

what about insurance (the max level, what is it, plat?) covers up to 90% of the estimated cost of ONLY the hull.

insurance costs increase proportionally at a constant rate to how often you lose ships in a month. -> every ship loss increases insurance cost by, say, 5%, and then is reset at the beginning of each month (cuz spaceshipz insurance companies are nice like that).

however, this cost increase will be capped at and additional 60%

so the numbers would look something like this:
if you have a perfect flying record and your ship is worth 10m (just the hull), you insure it by purchasing 1m of insurance (not that these numbers are exact or anything, just trying to make math easy for me lol) , and soon after it is destroyed. you get a payout of 9m.
now your insurance costs are increased by 5%, and you buy another 10m ship (just the hull), insure it, but now you must pay 1,050,000 isk for the same level of insurance. then you get blown up again cuz you decided to go to null and ran into a bubble camp, the payout is still 90%, so you get 9m back.

rinse wash repeat

then ccp can decide if they want a flat rate or compounding.
flat would give you a cost of 1,100,000 to re-insure for your third 10m ship and compounding would give you a cost of 1,102,500