How the hell do insurers punish the victims of a crash?
Discussion
I got my policy to be renewed the other day (about £500 for the year), literally a few days after someone crashed into me and admitted full liability.
I assume it was calculated and printed off before my accident.
In the past, i've always managed to shop around at renewal time, find something a bit cheaper than my renewel, go back to my insurer and they would often match it. They've done this for the past 4 years.
Now i've been involved in an accident, im struggling to find anything cheaper than £800!!
I tried to get a quote on a Vectra VXR (insurance group 36 compared to my current car at group 33) and the cheapest i could get was £1200!
What the f
k?? This is with 5 years no claims and 8 years driving experiance, with no fault accidents in the last 5 years and no convictions at all.
How the fk does all this work? Are they saying i'm more 'at risk' because someone crashed into me? fk me, i'm sorry for being in a line of traffic on a road during rush hour.
I appreciate insurance prices have gone up recently, but this is a bit of a joke.
I assume it was calculated and printed off before my accident.
In the past, i've always managed to shop around at renewal time, find something a bit cheaper than my renewel, go back to my insurer and they would often match it. They've done this for the past 4 years.
Now i've been involved in an accident, im struggling to find anything cheaper than £800!!
I tried to get a quote on a Vectra VXR (insurance group 36 compared to my current car at group 33) and the cheapest i could get was £1200!
What the f
k?? This is with 5 years no claims and 8 years driving experiance, with no fault accidents in the last 5 years and no convictions at all.How the f
k does all this work? Are they saying i'm more 'at risk' because someone crashed into me? fk me, i'm sorry for being in a line of traffic on a road during rush hour.I appreciate insurance prices have gone up recently, but this is a bit of a joke.
It's all about risk when it comes to insurance companies, and a lot of their decisions are based off their previous statistics. To them you're just another set of parameters in a fancy computer algorithm and based upon your circumstances it'll give you a quote.
Unfortunately, it must be a statistic that you are more like to have an accident if you've had one already recently.
Unfortunately, it must be a statistic that you are more like to have an accident if you've had one already recently.
alock said:
What they are actually saying is:
People who have been involved in a crash are statistically more likely to be involved in another crash.
Exactly.People who have been involved in a crash are statistically more likely to be involved in another crash.
Just like they say:
People who add their girlfriends, mums and grandmothers to their insurance are statistically less likely to be involved in a crash.
Statistics! Can't argue with them.
alock said:
What they are actually saying is:
People who have been involved in a crash are statistically more likely to be involved in another crash.
But that's stupid.People who have been involved in a crash are statistically more likely to be involved in another crash.
In my case, i was just as at risk as everyone else in aline of traffic that day. I could understand if i was hooning around at 3am and somone else crashed into me on a country road, but there's no dispute or any concerns about what happened to me.
So now, thanks to some f
kwit who cant drive, i get punished for wanting to continue to drive a nice/powerful car.Exactly the same happened to me about a year ago, had my Galant written off by a car failing to stop at a junction. They accepted full liability straight away, and as far as i was concerned it was done and dusted.
Went to insure my new car (couldnt find a Galant unfortunately so stumped for a A6 avant) similar engine and insurance group (2.4v6 vs 1.8T) and insurance had doubled! Again they cited me being a higher risk of an accident now. Boils my p1ss!!
I had legal protection and the lawyer was desperate to claim me some whiplash. I told him to shove a false whiplash claim, all i wanted was compensation for my insurance going up. He's working on it still a year later, but I dont hold out much hope.
The whole system is ridiculous. No wonder there are so many fraudulent injury claims floating about. I didnt claim anything but Im £800 out of pocket for the next few years due to my premium hike. Wheres the justice?
Feel for you mate.
Went to insure my new car (couldnt find a Galant unfortunately so stumped for a A6 avant) similar engine and insurance group (2.4v6 vs 1.8T) and insurance had doubled! Again they cited me being a higher risk of an accident now. Boils my p1ss!!
I had legal protection and the lawyer was desperate to claim me some whiplash. I told him to shove a false whiplash claim, all i wanted was compensation for my insurance going up. He's working on it still a year later, but I dont hold out much hope.
The whole system is ridiculous. No wonder there are so many fraudulent injury claims floating about. I didnt claim anything but Im £800 out of pocket for the next few years due to my premium hike. Wheres the justice?
Feel for you mate.
Given the accident was on the 30th of January, I'd assume you have an open claim, which will always increase your premium, as fault is not settled until it's closed. Make notes on this, when your 3rd party offers - this is a legitimate uninsured loss.
I presume you have been honest about this, and have said "yes" to the PI question. In which case, FY
I presume you have been honest about this, and have said "yes" to the PI question. In which case, FY
Raddors said:
Exactly the same happened to me about a year ago, had my Galant written off by a car failing to stop at a junction. They accepted full liability straight away, and as far as i was concerned it was done and dusted.
Went to insure my new car (couldnt find a Galant unfortunately so stumped for a A6 avant) similar engine and insurance group (2.4v6 vs 1.8T) and insurance had doubled! Again they cited me being a higher risk of an accident now. Boils my p1ss!!
I had legal protection and the lawyer was desperate to claim me some whiplash. I told him to shove a false whiplash claim, all i wanted was compensation for my insurance going up. He's working on it still a year later, but I dont hold out much hope.
The whole system is ridiculous. No wonder there are so many fraudulent injury claims floating about. I didnt claim anything but Im £800 out of pocket for the next few years due to my premium hike. Wheres the justice?
Feel for you mate.
Which i suppose in turn, starts the vicious cycle of claims. Went to insure my new car (couldnt find a Galant unfortunately so stumped for a A6 avant) similar engine and insurance group (2.4v6 vs 1.8T) and insurance had doubled! Again they cited me being a higher risk of an accident now. Boils my p1ss!!
I had legal protection and the lawyer was desperate to claim me some whiplash. I told him to shove a false whiplash claim, all i wanted was compensation for my insurance going up. He's working on it still a year later, but I dont hold out much hope.
The whole system is ridiculous. No wonder there are so many fraudulent injury claims floating about. I didnt claim anything but Im £800 out of pocket for the next few years due to my premium hike. Wheres the justice?
Feel for you mate.
People think if they're insurance is going up £800, then they should probably claim in an effort to cover the impending insurance increase.
The only people really to blame here are the insurers, arent they?
Wafflesmk2 said:
But that's stupid.
In my case, i was just as at risk as everyone else in aline of traffic that day. I could understand if i was hooning around at 3am and somone else crashed into me on a country road, but there's no dispute or any concerns about what happened to me.
So now, thanks to some fkwit who cant drive, i get punished for wanting to continue to drive a nice/powerful car.
Then sue them for the consequential loss.In my case, i was just as at risk as everyone else in aline of traffic that day. I could understand if i was hooning around at 3am and somone else crashed into me on a country road, but there's no dispute or any concerns about what happened to me.
So now, thanks to some f
kwit who cant drive, i get punished for wanting to continue to drive a nice/powerful car.When my car was hit whilst parked, I claimed for diminished value and received a cheque for £10,000 which was probably fair compensation for the future loss I would suffer when I came to sell the car.
I also found that come renewal time, some insurers wouldn't quote because I'd had a claim and even fewer once I'd suffered a second non-fault claim. My existing insurer however was happy to renew on quite favourable terms.
Wafflesmk2 said:
But that's stupid.
In my case, i was just as at risk as everyone else in aline of traffic that day. I could understand if i was hooning around at 3am and somone else crashed into me on a country road, but there's no dispute or any concerns about what happened to me.
So now, thanks to some fkwit who cant drive, i get punished for wanting to continue to drive a nice/powerful car.
whilst it is stupid.. *some* crashes can be avoided by driving more defensivelyIn my case, i was just as at risk as everyone else in aline of traffic that day. I could understand if i was hooning around at 3am and somone else crashed into me on a country road, but there's no dispute or any concerns about what happened to me.
So now, thanks to some f
kwit who cant drive, i get punished for wanting to continue to drive a nice/powerful car.and those who have been crashed into are more likely to be involved in another crash than those who have avoided prangs all together
Exactly. It's massively tempting to claim an injury when you get 3 - 4 calls a week from injury specialists promising you £thousands and you think "well that F**ker cost me my car which i couldnt replace, and a shed load in insurance premiums, so why not." But then everyones insurance just keeps rocketing.
If you've got legal protection, ask the question, my guy was more than happy to try, its then a question of getting written confirmation from your insurers that the increase in premium was a direct result of the crash, which mine wouldnt do helpfully....
If you've got legal protection, ask the question, my guy was more than happy to try, its then a question of getting written confirmation from your insurers that the increase in premium was a direct result of the crash, which mine wouldnt do helpfully....
Wafflesmk2 said:
Which i suppose in turn, starts the vicious cycle of claims.
People think if they're insurance is going up £800, then they should probably claim in an effort to cover the impending insurance increase.
The only people really to blame here are the insurers, arent they?
People think if they're insurance is going up £800, then they should probably claim in an effort to cover the impending insurance increase.
The only people really to blame here are the insurers, arent they?
Wafflesmk2 said:
I got my policy to be renewed the other day (about £500 for the year), literally a few days after someone crashed into me and admitted full liability.
I assume it was calculated and printed off before my accident.
In the past, i've always managed to shop around at renewal time, find something a bit cheaper than my renewel, go back to my insurer and they would often match it. They've done this for the past 4 years.
Now i've been involved in an accident, im struggling to find anything cheaper than £800!!
I tried to get a quote on a Vectra VXR (insurance group 36 compared to my current car at group 33) and the cheapest i could get was £1200!
What the fk?? This is with 5 years no claims and 8 years driving experiance, with no fault accidents in the last 5 years and no convictions at all.
How the fk does all this work? Are they saying i'm more 'at risk' because someone crashed into me? fk me, i'm sorry for being in a line of traffic on a road during rush hour.
I appreciate insurance prices have gone up recently, but this is a bit of a joke.
Did you tell them that you had had an accident? When they ask, just say no, you haven't had an acident in the last 5 years. Because you haven't. Its the other bloke that had the accident. You've just had some 'inconvenience; caused by someone else. I assume it was calculated and printed off before my accident.
In the past, i've always managed to shop around at renewal time, find something a bit cheaper than my renewel, go back to my insurer and they would often match it. They've done this for the past 4 years.
Now i've been involved in an accident, im struggling to find anything cheaper than £800!!
I tried to get a quote on a Vectra VXR (insurance group 36 compared to my current car at group 33) and the cheapest i could get was £1200!
What the f
k?? This is with 5 years no claims and 8 years driving experiance, with no fault accidents in the last 5 years and no convictions at all.How the f
k does all this work? Are they saying i'm more 'at risk' because someone crashed into me? fk me, i'm sorry for being in a line of traffic on a road during rush hour.I appreciate insurance prices have gone up recently, but this is a bit of a joke.
Wafflesmk2 said:
What the fk?? This is with 5 years no claims and 8 years driving experiance, with no fault accidents in the last 5 years and no convictions at all.
How the fk does all this work? Are they saying i'm more 'at risk' because someone crashed into me? fk me, i'm sorry for being in a line of traffic on a road during rush hour.
That is what they are saying, though "risk" is a loaded term. "Likely to cost them more" would probably be better phrase. k?? This is with 5 years no claims and 8 years driving experiance, with no fault accidents in the last 5 years and no convictions at all.How the f
k does all this work? Are they saying i'm more 'at risk' because someone crashed into me? fk me, i'm sorry for being in a line of traffic on a road during rush hour.The way it works is that they and their computers go through their data and look for trends. One trend they will presumably have spotted is that people who are involved in an accident that wasn't their fault tend, over the next year or so, to cost more than people who don't. So they adjust the premium for these people accordingly. They are, after all, a business rather than a charity, and it would be foolish of them to enter into an agreement with somebody that would be likely to cost them money.
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