Absurd insurance

[Jonty355]

Kozy said:

Ban on No Win No Fee personal injury claims.

That bit especially! Not just for motoring either. No wonder so many companies are going bust. They spend millions to try and make it impossible to be sued for anything that can be no fault of their own, and they'll still get shafted in some way!

[Chicane-UK]

Have to admit I was slightly surprised when checking some price comparison sites for insurance on a BMW 540i... I live in a good area, have 10 years no claims, car on a driveway, low mileage, etc - and still couldn't get it below about 700 quid Not terrible I suppose but I was hoping for a little less!

[dabofoppo]

My 19 year old brothers paying £185 a month on a p reg 1.3 fiesta hes had his licence for a year and a half no ncb and with my mum and dad as named drivers.

[Caulkhead]

Personally I have to applaud the insurance industry for helping to keep many of you unsavoury young drivers from high risk areas in your souped-up cars from polluting my roads and getting in my way.

£280 for a Mazda 6 MPS 25k pa with full business use.

[Challo]

Esure upped my premium by £100 to over £600 on a 1.8 astra, even though nothing has changed, and I have another years no claims making it 7 in total.

Went on go-compare got a saving of £160. They even phoned me up an confirmed the details with me. All i need to do is sign on the dotted line.

Worth shopping around.

[16v stretch]

Just pray to god you never have a crash that drags out because of solicitors.

£4500 per year tpft 1.8 16v Corrado (not even a g60!) And before anyone suggests a more sensible car (I doubt it... this is pistonheads after all!)
2003 ford mondeo 1.8 derv, £4220 tpft,
Fiat 124 Spyder £3500 tpft,
Daewoo Matiz .8 (yes 800cc of throbbing fury) £3600 tpft. You get the picture.

No underwriter is willing to take any risk nowadays.

[Si_steve]

Christ...Some of these prices are scary

Paying £550 a year FC on a Saab 9000 2.3 Turbo, 24 years old 3 years ncb, with my partner as a named driver (she is 20 and has a provisional)


Even my First car (MK3 Fiesta SI 1.6 16v) was only £984 FC with all mods declared

[shoestring7]

98C4S said:

Insurance just doesnt make any sense to me:

Me neither:

- Roads are getting safer
- Cars are getting safer (primary and secondary)
- KSI's have been trending down for years
- Modern cars are very difficult to steal
- The driving test is getting more difficult

We're told fraud is up, personal injury claims are up & profits are down, but only the insurance industry can sort that out.

But of course, its much easier to ramp up the premiums by 20% each year for the great mass of law abiding Brits who are forced by law to buy insurance every year.

And don't even get me started on what's happening to household premiums.

SS7

[Challo]

Si_steve said:

Even my First car (MK3 Fiesta SI 1.6 16v) was only £984 FC with all mods declared

I loved my Fiesta SI Mk3, those seats where brilliant....

[otolith]

How can the insurance industry stop injured third parties suing policyholders?

[Si_steve]

Challo said:

I loved my Fiesta SI Mk3, those seats where brilliant....

Best Seats I have ever sat in I liked them so much they ended up in my MK5 Fiesta Zetec.

[anonymous-user]

the sad thing is, insurance companies constantly moan about no win no fee claims that are hiking up the prices yet they are the ones selling your details and recommending you to them straight away! and when you refuse at the start they sell ur details after 2 years. a few months ago i started getting calls saying i could get 3k then i asked how did they get my information as the accident was over 2 years ago and they said my insurance had sold it them and from what ive heard they sell for alot of money too.

[twazzock]

16v stretch said:

Just pray to god you never have a crash that drags out because of solicitors.

£4500 per year tpft 1.8 16v Corrado (not even a g60!) And before anyone suggests a more sensible car (I doubt it... this is pistonheads after all!)

And you're actually paying that?

[Cledus Snow]

I wonder if this is the place to say my insurance renewal has gone down by about £120 this year.

[calibrax]

It's a vicious circle. When someone is faced with a premium of £3,000 a year, there's a big incentive to drive without insurance, as the fine is much lower and the chances of being caught are low in most areas, as there aren't that many police on the road. But because people are doing this, it pushes up premiums for everyone because the chances of being hit by an uninsured driver are higher.

How about something like an insurance cap of say, a maximum of £400 a year? i.e. if you pay the £3k for the first year, but you don't have a claim, then they refund you the difference at the end of the year...

[otolith]

An insurance cap would be an effective way of making the roads safer - too risky to insure, cannot drive. Would put a lot of younger drivers on the bus, though, and a lot of slightly older drivers into low insurance group cars. Which would not be popular!

[Sonic]

I'm not looking forward to my 2 renewals in a couple of months

[OMNIO]

YOung drivers keep going for the same old cars. Small slow economical euro hatch shopping cars.

Corsa
Fiesta
Golf
Polo
Clio...........

There must be thousands of claims on these models each day from young drivers, housewives and the elderly having accidents.

Get an 'outside the box car' and prices can come down. For example. I started out on a 12 year old 2.0l mondeo. Not as 'cool' but faster, more comfy and more reliable than my mates 9 year old clio. My mate paid £2000 a year fully comp and i paid £1200 a year fully comp. Both of us were named with a parent as a main driver (- neither were fronting BTW) both in the same postcode.

My 18 year old brother is getting lessons. Quoted £1060 fully comp for me my brother mum and dad to be on an Audi A4 with a 2.6 v6. Same company quoted £3558 for all of us to be on a 1.2 twinsport corsa....

[shoestring7]

OMNIO said:

My 18 year old brother is getting lessons. Quoted £1060 fully comp for me my brother mum and dad to be on an Audi A4 with a 2.6 v6. Same company quoted £3558 for all of us to be on a 1.2 twinsport corsa...

That premium is only going one way when he gets a full licence.

SS7

Edited by shoestring7 on Friday 15th July 15:52

[Twincam16]

Kozy said:

There needs to be some pressure applied for a reform of the industry, it is far too easy to take advantage of at the moment.

A few things to start:
Ban referal fees for the parasite companies feeding off the system.
Ban on No Win No Fee personal injury claims.
Heavily regulate the credit hire industry, or ban that completely too.

It needs to be bought back to the core purpose. You pay an insurer for cover. If you crash, the insurer pays out for damage to the third parties car and provides them with a hire car if necessary. If the third party is injured, they can make a claim against your insurer using their own solicitor, [u]at their own risk[/u]. No-one will be putting in made up whiplash claims if they risk facing a few thousand pound bill for the trouble.

There's no need to automatically write cheques for injured passengers that don't exist. There's no need for accident management companies to muscle in with massively inflated hire cars. There's no need for crooked garages that get backhanders from said CH companies to take longer on the repairs to ramp the hire charges.

The whole system is a festering wreck and needs to be sorted out. I don't see how sitting around and moaning about your renewal is going to help fix it though.

I agree.

Rather annoyingly, one ex-lawyer can be held responsible for the deregulation of legal services that has led to these problems: Tony Blair.