Free VW insurance can't protect NCD. Options?

[BertBert]

[mybrainhurts]

TwigtheWonderkid said:

mybrainhurts said:

TwigtheWonderkid said:

mybrainhurts said:

Not quite what your average driver would expect, or think he's paying for. Therefore, a rip off. As I said.

Not at all. Being ripped off is being charged for something you shouldn't be charged for, not being charged correctly for something you don't understand, and therefore weren't expecting.

But now I've kindly explained it to you, if you have a claim, you will be expecting it, so I've stopped you from being ripped off. No need to thank me!

The rip off starts when you're selling something and not explaining its consequences to the customer.

All the Ts & Cs are in the policy booklet that 99% of people never read. But no business tells you when they sell you a product that lasts a year how much that product will cost next year. That's just a ridiculous expectation. Especially an insurance policy when you make a claim on it. The insurance company wouldn't know themselves how the year is going to pan out, and whether they need to increase premiums of not.

That's not what I implied.

[mybrainhurts]

TwigtheWonderkid said:

BertBert said:

But is it not really well understood that there are normally two effects of an accident?

1 you are a higher risk, so the starting premium goes up
2 you lose some no claims discount so it's not discounted as much.

Protecting your no claims only affects item 2.

Bert

Gggrrr....why do insurers have to make it all so complicated!

They don't make it complicated. They keep quiet about it. If I were a cynic, I would suggest deliberately.

I was insuring before the advent of protected NCB and I have never been told what you have revealed. No doubt it is in the small print, but that's a piss poor form of disclosure because nobody reads it, and well the insurers know.

I thought I might have been lax in not educating myself about this so I asked 14 people today how they thought a NCB works. Not one of them knew.

So, I roll your eyes back in your general direction.

[TwigtheWonderkid]

The sell it as bonus protection, and it protects your bonus. What's the problem?
If they called it "price freeze guarantee", then I think you'd have a point.

[mybrainhurts]

Oh, strewth, give me a wall upon which I might bang my head...

[98elise]

TwigtheWonderkid said:

BertBert said:

But is it not really well understood that there are normally two effects of an accident?

1 you are a higher risk, so the starting premium goes up
2 you lose some no claims discount so it's not discounted as much.

Protecting your no claims only affects item 2.

Bert

Gggrrr....why do insurers have to make it all so complicated!

Insurance is not even remotely complicated.

[mybrainhurts]

98elise said:

TwigtheWonderkid said:

BertBert said:

But is it not really well understood that there are normally two effects of an accident?

1 you are a higher risk, so the starting premium goes up
2 you lose some no claims discount so it's not discounted as much.

Protecting your no claims only affects item 2.

Bert

Gggrrr....why do insurers have to make it all so complicated!

Insurance is not even remotely complicated.

He knows that, he was being ever so sarcastic. It's a superiority complex problem...

[TwigtheWonderkid]

mybrainhurts said:

No doubt it is in the small print,

There is no small print. Just normal print that most people are too lazy to read.

[mybrainhurts]

TwigtheWonderkid said:

mybrainhurts said:

No doubt it is in the small print,

There is no small print. Just normal print that most insurers rely on people are being too lazy to read.

There you go, Billy, fixed it....