Ever wanted to know why insurance is so expensive?
Discussion
So in December I had a minor accident in my old 530i M Sport that I have recently sold (buyer was obviously made aware even though it's not a CAT C/D). It was her fault (would be a woman) and she admitted full liability at the scene and her insurers covered everything with my side of the claim going through a claims management company which made everything pretty painless.
In a nutshell she pulled out infront of me, I didn't have time to stop and I hit her at about 15mph doing the following damage. The car was fine to drive home and the airbags didn't even set off.

I asked for a copy of the final estimate to send on to the chap who bought the car for his records and this is what the BMW approved repairer billed.....



That's £1k more than the book value of the car!!! Wish they'd just written it off as I only got £8k for it. Including hire car at nearly £200 a day and other odds and sodds total claim must've pushed £15k!!!!
Obviously I'm not complaining as I'm not out of pocket. Genuinely shocked at the bill though. I was expecting about £2k.
In a nutshell she pulled out infront of me, I didn't have time to stop and I hit her at about 15mph doing the following damage. The car was fine to drive home and the airbags didn't even set off.

I asked for a copy of the final estimate to send on to the chap who bought the car for his records and this is what the BMW approved repairer billed.....



That's £1k more than the book value of the car!!! Wish they'd just written it off as I only got £8k for it. Including hire car at nearly £200 a day and other odds and sodds total claim must've pushed £15k!!!!
Obviously I'm not complaining as I'm not out of pocket. Genuinely shocked at the bill though. I was expecting about £2k.
How much of that was labour cost?
Absolutely bloody ridiculous the costs these garages produce. How can the cost be that high when you can buy another car for the same money and have enough change to pay tax, insurance and some fuel too.
a
holeS!!! As you say...driving up all our premiums
Absolutely bloody ridiculous the costs these garages produce. How can the cost be that high when you can buy another car for the same money and have enough change to pay tax, insurance and some fuel too.
a
holeS!!! As you say...driving up all our premiumsThe whole system is ripe for a shake-up really - ridiculously inflated bodyshop/repair prices like that are ludicrous. I'd be interested to see the parts cost in the OP - obviously using new BMW bits for everything will give a hefty bill, but half of that invoice must be labour costs!
ETA: Nice keyboard OP, is it mechanical or just a lit-up rubber dome?
ETA: Nice keyboard OP, is it mechanical or just a lit-up rubber dome?

MC Bodge said:
For that price it would be cheaper to fix the headlights etc. to make it legal and just drive it until it dies.
Headlights worked fine, all it needed to be legal was a new front plate! No idea why fog lamps and jet washers were replaced tooWith the claims management company I was told something along the lines of 'as it's a non fault claim on your side you can do it the normal way and we pay all apart from excess (about £800) and you lose NCB or you can go through claims management and it's all taken car of plus you get free hire car and you don't lose your excess or NCB' - No brainer
Someone pulled out in front of us from a car wash place last year, couldn't have been avoided, wasn't more than 10 mph. Our my12 Up! bumper took the brunt and it mis-shaped it ever so slightly at the front and left a small scratch. Repair bill was just over £2k.
Oh yeah and a Fiat 500 courtesy car for a week at about £50 a day.
Oh yeah and a Fiat 500 courtesy car for a week at about £50 a day.
I was hit from behind while stationary at a red light, only really needed a new back box and bumper and as it was a 8 year old car I offered to settle for £1500 cash. They refused but as the other party had accepted fault I didn't really care and drove the free hire car for two weeks.
I called back for an update and was told the bumper was on a 6 week back order so just keep the hire car, i offered to settle for £1500 again and even told them if it was settled then I could guarantee there would be no personal injury claim, refused again.
2 months after the accident, I got my car back and found that the bill had totalled £4800 and 3k of that was hire car fees. That is the reason insurance is so bloody expensive, idiots.
I called back for an update and was told the bumper was on a 6 week back order so just keep the hire car, i offered to settle for £1500 again and even told them if it was settled then I could guarantee there would be no personal injury claim, refused again.
2 months after the accident, I got my car back and found that the bill had totalled £4800 and 3k of that was hire car fees. That is the reason insurance is so bloody expensive, idiots.
sash87 said:
MC Bodge said:
For that price it would be cheaper to fix the headlights etc. to make it legal and just drive it until it dies.
Headlights worked fine, all it needed to be legal was a new front plate! No idea why fog lamps and jet washers were replaced tooWith the claims management company I was told something along the lines of 'as it's a non fault claim on your side you can do it the normal way and we pay all apart from excess (about £800) and you lose NCB or you can go through claims management and it's all taken car of plus you get free hire car and you don't lose your excess or NCB' - No brainer
...and somebody may well be, allegedly, absolutely coining it for work that may not need doing, at the expense of people who are having to purchase insurance....
Triumph Man said:
Flipatron said:
2 mph scrape where my wifes rubber bumper just brushed the side of this Lexus, bill was 7k ish.

Jesus! Why so much? Do you know the items that had to be changed?
Trouble is I believe the dealers are in on the rip-off too, being given a % of the hire car cost by the management companies, so it's in their interest to string out the repair for as long as possible. Sooner it's made illegal the better, to££ers, the lot of them.
Wonder how much the quote would be for the BMW if you weren't going through insurance?
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