The End of The (Rip Off) Lazy Tax ?
Discussion
People renewing their home or motor insurance will pay no more than they would as a new customer from January.
https://www.bbc.co.uk/news/business-57270415
Will this mean a reduction in renewal prices or just the end of "special offers" for new customers.
https://www.bbc.co.uk/news/business-57270415
Will this mean a reduction in renewal prices or just the end of "special offers" for new customers.
Canute said:
Why the government can't make it so that it is the car insured, not the user I don't know. It would make life so much more bearable for younger ones, especially in rural areas where there is now FA public transport and would make the economy more functional.
You do realise that premiums for younger drivers aren't just picked from fresh air?Not sure how they can regulate this as They will just say the renewal price is based on risk and they will know you are insured with them when you try get a quote. Therefore the only way to cut the price will be to go to a different insurer just like we do now. Even the comparison sites will know.
Canute said:
On the current model, yes I know why. But the model is wrong.
So what model do you suggest?- Single averaged premium for every vehicle, across the whole of the country (but owners of >1.0l shopping trolleys will pay £1000 instead of £100)?
- Single averaged premium for all cars in a postcode/area (but owners of >1.0l shopping trolleys will pay £1000 instead of £100)?
- Single averaged premium for all cars in a household (just get a multi-car policy)?
- Premium based on price of vehicle (so someone with a 40 year clean licence pays the same as someone who claims every 2 weeks)?
- Premium based on average cost of vehicle repairs to that marque, plus averaged 3rd party claim costs, plus discount for risk?
Canute said:
Why the government can't make it so that it is the car insured, not the user I don't know. It would make life so much more bearable for younger ones, especially in rural areas where there is now FA public transport and would make the economy more functional.
No thanks. That’s only going to increase premiums for everyone else?ARHarh said:
Not sure how they can regulate this as They will just say the renewal price is based on risk and they will know you are insured with them when you try get a quote. Therefore the only way to cut the price will be to go to a different insurer just like we do now. Even the comparison sites will know.
I think it's more to stop the renewal you get through the post being higher than a new customer quote (with identical details) on their own site (or comparison site).However, as some insurers have already implied, there are agreements in place with the comparison sites that stop the insurer from offering lower prices on their own site than a customer can get through the comparison site.
You could do a new customer quote with slightly different details (change DOB by 1 day, change address by 1 door, change name by 1 letter, etc.).
But they'll eventually find a way around it - or simply increase the prices across the board to end up with the same profit (or loss as some insurance company shills keep intimating on here).
bristolbaron said:
Canute said:
Why the government can't make it so that it is the car insured, not the user I don't know. It would make life so much more bearable for younger ones, especially in rural areas where there is now FA public transport and would make the economy more functional.
No thanks. That’s only going to increase premiums for everyone else?Number of cars left in hedge age 17-25= 3
Number of cars left in hedge age 25-50= 0
matrignano said:
That must have been a nice fruit and veg stall!
"The company's retained earnings were fully distributed by dividends of £2,877,754 in the previous year."The BBC are being disingenuous to say the least. The £120 Ralph Lauren shirt should have been the giveaway that he wasn't really selling grapes to tourists.
Jim the Sunderer said:
"The company's retained earnings were fully distributed by dividends of £2,877,754 in the previous year."
The BBC are being disingenuous to say the least. The £120 Ralph Lauren shirt should have been the giveaway that he wasn't really selling grapes to tourists.
What, not the motor home or the Audi on the drive?The BBC are being disingenuous to say the least. The £120 Ralph Lauren shirt should have been the giveaway that he wasn't really selling grapes to tourists.
https://www.rnooneandson.co.uk/about.html
Website said:
R. Noone & Son are greengrocers offering a fantastic range of fresh produce and dry store ingredients. We are based in Bredbury, in Stockport, Manchester. With clients all over the North West ranging from universities to restaurants we pride ourselves on being the very best at what we do; bringing you the very highest quality produce with faultless service, at the best possible value for money.
R. Noone and Son, affectionately known as 'Noones' began life in the late 1960's as a fruit and vegetable stall on Heywood Market owned by Rose Noone. Mike, Rosie's son, grew the business into a chain of bustling shops across the Manchester region until the late 90's when the arrival of the supermarkets changed the face of the British high street.
Starting afresh as suppliers to the catering industry, Mike and Maggie Noone tended the business with love and hard work and slowly but surely cultivated a company which still manages to remain small enough to care, yet big enough to cope with varied and demanding projects.
R. Noone and Son, affectionately known as 'Noones' began life in the late 1960's as a fruit and vegetable stall on Heywood Market owned by Rose Noone. Mike, Rosie's son, grew the business into a chain of bustling shops across the Manchester region until the late 90's when the arrival of the supermarkets changed the face of the British high street.
Starting afresh as suppliers to the catering industry, Mike and Maggie Noone tended the business with love and hard work and slowly but surely cultivated a company which still manages to remain small enough to care, yet big enough to cope with varied and demanding projects.
Turning over 13 million. Some fruit and veg stall
https://find-and-update.company-information.servic...
https://find-and-update.company-information.servic...
Zoon said:
Turning over 13 million. Some fruit and veg stall
https://find-and-update.company-information.servic...
It's owned by Bidfresh!https://find-and-update.company-information.servic...
Canute said:
Why the government can't make it so that it is the car insured, not the user I don't know. It would make life so much more bearable for younger ones, especially in rural areas where there is now FA public transport and would make the economy more functional.
No thanks.I’m 41, and I have, over the last few years, paid around £200-300 a year to insure each car, which includes everything from work hack cars with business use included, to 911’s, Astons etc.
I have no intention whatsoever of paying more just so that young people in rural areas can pay less while they kill their friends in accidents and put their cars upside down in fields.
When I was 17-25 I drove like a bit of an idiot in Golf GTI’s and suchlike, and stuffed a couple of cars into hedges, and I paid for this accordingly via hefty insurance premiums.
Some of the most dangerous drivers around are youngsters from rural communities. From my own observations, farmers sons are the absolute worst of the worst.
If you want a shocking statistic, here it is: “71% of fatal accidents involving young drivers occur on rural roads”. This is exactly why insurance for the young costs what it does.
Canute said:
eccles said:
You do realise that premiums for younger drivers aren't just picked from fresh air?
On the current model, yes I know why. But the model is wrong. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff