Car insurance, have you payed in more than you have claimed
Discussion
As per the title,
How much have you claimed versus how much you have paid in ?
And what was it for ?
I have been driving 25 years, I reckon I have paid in about ten/elevan grand in premiums over that time (for my daily only, much more for the rest), have made two claims, totalling about £3000.
1/ Went into the back of a bloke that stopped on a clear junction for no reason, no other cars about, my fault but he just slammed on, nothing in front, about £800 for a new bumper/paint on his Mondeo.
2/ Reversed into a neighbours car in a rush/bad mood one night, dark night, dark car parked against a massive dark hedge, car had (factory) smoked rear windows and I didn't look properly, about £2000 worth.
How much have you claimed versus how much you have paid in ?
And what was it for ?
I have been driving 25 years, I reckon I have paid in about ten/elevan grand in premiums over that time (for my daily only, much more for the rest), have made two claims, totalling about £3000.
1/ Went into the back of a bloke that stopped on a clear junction for no reason, no other cars about, my fault but he just slammed on, nothing in front, about £800 for a new bumper/paint on his Mondeo.
2/ Reversed into a neighbours car in a rush/bad mood one night, dark night, dark car parked against a massive dark hedge, car had (factory) smoked rear windows and I didn't look properly, about £2000 worth.
TooMany2cvs said:
J4CKO said:
As per the title,
How much have you claimed versus how much you have paid in ?
I'm not convinced that somebody understands why insurers get out of bed in a morning. It's not for charitable reasons, right, Loon?How much have you claimed versus how much you have paid in ?
I have never paid all that much for insurance in the scheme of things, was just pondering whether I was negative or positive in terms of a risk.
Anyone got any family, friends or colleagues who are legendary serial claimers ?
I know a lady that binned two cars in about two months, then wondered why her premium had gone so high, both crashes down to "black ice", the more sinister and evil type, definitely not just ice and being crap at driving, no sir.
I know a lady that binned two cars in about two months, then wondered why her premium had gone so high, both crashes down to "black ice", the more sinister and evil type, definitely not just ice and being crap at driving, no sir.
Mr Daytona said:
Confession time, I work for an Insurance Company - though thankfully haven't dealt with a Motor insurance claim for a good few years. Hateful side of the business where everybody's car is always in "as new" condition (until it's found a few days after it was stolen and it was clearly a shed ) and where the man with a £200 Ford Fiesta really has to have a £15,000 car to travel the 3 miles to and from work at a cost of £4000 (which begs the question as to how people survived without the parasitic industry that is credit hire) and then complains why premiums are rising when a £1000 claim suddenly morphs by a factor of 10.
Why do people think that Insurance is like a bank account and that the more you pay in by way of your premiums, the more you should get out as a consequence of claims ? As other people have alluded to, it's a question of a lot of customers paying a (reasonably) small amount in the event that a few make resultant claims.
Really, are people of the opinion that the £20,000 they've paid in premiums over 20+ years would, if invested in a bank, in anyway make a dent in a £3 million pound claim for a 27 year old year old barrister who requires 24 hour care in a specially adopted £500,000 home, whilst his wife and three dependants suddenly have go get by on rather less than the £75,000 per annum he was previously earning ?
Don't get me wrong, I fully appreciate that their are certain practices in my Industry that do need stamping out (claimant Solicitor costs anyone ?) and I personally always took a great deal of professional pride in protecting the financial interests of those who instructed me, but until people stop claiming for whiplash in a 3mph low speed impact, then the premiums will always be a source of much indignation.
I posted this originally and certainly dont see it like that, it isnt an account, you arent expecting to get your premiums back, that is what insurance is, just like when I got told at work that my call out payments were "Money for old rope", no it isn't, it is just another kind of insurance, paying for a qulified person to be available in the event of problem, just like car insurance pays out in the even of an accident, you hope to not have to use it but are glad it is there when you do.Why do people think that Insurance is like a bank account and that the more you pay in by way of your premiums, the more you should get out as a consequence of claims ? As other people have alluded to, it's a question of a lot of customers paying a (reasonably) small amount in the event that a few make resultant claims.
Really, are people of the opinion that the £20,000 they've paid in premiums over 20+ years would, if invested in a bank, in anyway make a dent in a £3 million pound claim for a 27 year old year old barrister who requires 24 hour care in a specially adopted £500,000 home, whilst his wife and three dependants suddenly have go get by on rather less than the £75,000 per annum he was previously earning ?
Don't get me wrong, I fully appreciate that their are certain practices in my Industry that do need stamping out (claimant Solicitor costs anyone ?) and I personally always took a great deal of professional pride in protecting the financial interests of those who instructed me, but until people stop claiming for whiplash in a 3mph low speed impact, then the premiums will always be a source of much indignation.
Can I make it clear (again) that this wasn't the point of the thread, to berate insurers for taking our money, it is a service that we pay for, not a savings plan, simply interested whether we have claimed more than we have ever paid in or vice versa.
Most of us seem to have paid in more than we have claimed, which sounds about right for an enthusiasts forum.
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