****ing Insurance

Author
Discussion

Warby80

200 posts

31 months

Friday 15th March
quotequote all
pete_esp said:
Yup, I got a policy from what I though was a premium & prestige specialist.

I had to do all of the leg work for my insurance & accident(x-loosecoins) management company over what should have been a straight forward non fault claim.
If I hadn't spent literally days on the phone between companies doing there work for them I'd have had to swallow 50/50 for someone coming onto my side of the road, hitting me and driving off.

They reported themselves to the police when they saw the damage to their own car. Guess who comes out worst in Merc V's Pug?

Anywhoo, £3k of repairs for a wing mirror to my car, £13k for my courtesy car plus the repairs to the at fault parties car & a claim for my loss of income, all because the walloper who hit me thought he/she could get off with it.

I am not looking forward to renewal time, especially as days after my car was returned to me after the repair some gentlemen arrived at my house at 5am to unburden me of it.
£13k for your courtesy car? Really, £13,000?

You are part of the reason that your renewal is going to be a fair chunk more…

eldar

12,103 posts

135 months

Friday 15th March
quotequote all
longblackcoat said:
You’re an idiot
A criminal one, as well.

tinnitusjosh

116 posts

11 months

Friday 15th March
quotequote all
fiju said:
tinnitusjosh said:
DIDN'T HAPPEN OF THE YEAR AWARD
Fair enough if you think that, i've done far more devious things which I won't bore you about. I don't feel the need to lie about myself to seem interesting, trolling or whatever. Some people have balls, some don't.

fiju

28 posts

2 months

Friday 15th March
quotequote all
eldar said:
A criminal one, as well.
Oh no a criminal! Bite me.

vonhosen

35,261 posts

156 months

Friday 15th March
quotequote all
yonex said:
TwigtheWonderkid said:
It was actually good of her to make that clear, since so many people fail to grasp it.

There are 2 premium hits when you claim. Firstly, your increased risk profile, and secondly, your reduced bonus. Protected bonus just means you don't suffer the second hit. But you might still suffer the first.
Er, that's her job?

So they protect your no-claims, but it's worthless as the premium could increase!
It's not worthless as it stops your premium increasing even more.
It protects your no claims (a percentage reduction on your premium), but it doesn't protect your premium (which is worked out from all aspects of your risk profile).

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Sheepshanks

16,642 posts

58 months

Friday 15th March
quotequote all
Ashtray83 said:
There doesn’t seem to be any rhyme or reason to the annual premium price,

I was insured on my golf gti taken with keys from my locked garage, insurance was paid out in 6 days minus 200quid excess and 2 declined offers that slowed the process, I got exactly what I paid for it 6 months prior, fantastic I think...what about my premium? Still shocked it actually went down £50 to £350 ish
Which insurer was that?

fast diesel boy

82 posts

2 months

Friday 15th March
quotequote all
This is why I drive sub 1kGBP sheds. wink

yonex

13,368 posts

107 months

Friday 15th March
quotequote all
vonhosen said:
It's not worthless as it stops your premium increasing even more.
It protects your no claims (a percentage reduction on your premium), but it doesn't protect your premium (which is worked out from all aspects of your risk profile).
Well done for not comprehending the entire post.

rlg43p

552 posts

188 months

Friday 15th March
quotequote all
fiju said:
But back to the topic, i've been involved in a crash or two before, not once has an insurance company asked for proof of address, or doubted me as to where I live. It simply doesn't happen. The only way I could see them checking is if they actually suspected something wrong. And no, I don't believe I would ever trip up on that.
You can be absolutely certain that if your were in a SERIOUS accident and the insurers were faced with paying out for a large claim you would get found out.

You really want to risk ruining your own life to save a few quid now? Bonkers!

carlove

5,204 posts

106 months

Friday 15th March
quotequote all
I'm curious Fiju how much money is your fraudulent insurance policy saving you?

jeffreywoodham

42 posts

32 months

Friday 15th March
quotequote all
carlove said:
I'm curious Fiju how much money is your fraudulent insurance policy saving you?
Stop feeding the troll.

TwigtheWonderkid

28,068 posts

89 months

Friday 15th March
quotequote all
vonhosen said:
yonex said:
TwigtheWonderkid said:
It was actually good of her to make that clear, since so many people fail to grasp it.

There are 2 premium hits when you claim. Firstly, your increased risk profile, and secondly, your reduced bonus. Protected bonus just means you don't suffer the second hit. But you might still suffer the first.
Er, that's her job?

So they protect your no-claims, but it's worthless as the premium could increase!
It's not worthless as it stops your premium increasing even more.
It protects your no claims (a percentage reduction on your premium), but it doesn't protect your premium (which is worked out from all aspects of your risk profile).
It's pointless trying to get thru to him. Yonex has form when it comes to posting on insurance. Totally irrational hatred and just ignores posts that prove he's wrong. I think his wife must've run off with an insurance broker!

Sheepshanks

16,642 posts

58 months

Friday 15th March
quotequote all
rlg43p said:
You can be absolutely certain that if your were in a SERIOUS accident and the insurers were faced with paying out for a large claim you would get found out.

You really want to risk ruining your own life to save a few quid now? Bonkers!
OK, he's a troll, but I know people who genuinely think they don't need insurance as they're such good drivers that they won't have a crash. They think they're being unfairly forced into having insurance just because other people are crap drivers.

Plus, of course, there are plenty of people already driving with no insurance.

TwigtheWonderkid

28,068 posts

89 months

Friday 15th March
quotequote all
fiju said:
But back to the topic, i've been involved in a crash or two before, not once has an insurance company asked for proof of address, or doubted me as to where I live. It simply doesn't happen.
Have you had many claims where your insurer is on the hook for hundreds of thousands of pounds? The checks they make for a minor accident are slightly less vigorous than those made in a KSI accident.

Superleg48

559 posts

72 months

Friday 15th March
quotequote all
fiju said:
Oh no a criminal! Bite me.
Important to have the Under 5’s represented on Pistonheads. It is an inclusive group.

rolleyes

captain_cynic

4,392 posts

34 months

Friday 15th March
quotequote all
TwigtheWonderkid said:
But they aren't. They are dirt cheap. I can't believe how low my insurance. I hardly know anyone paying more that £400. (all in their 40s or 50s) Friends in Norfolk pay about £120.
Everyone's favourite insurance industry marketing junior vice president of green toner in the north east Norfolk area is trying to tell us insurance is cheap in the UK when it really isn't.

I'm honestly surprised you haven't screeched "STATISTICS" yet like someone who cant provide any real datasets and thinks bad news reports are statistics.


roadsmash

743 posts

9 months

Friday 15th March
quotequote all
Sometimes you just have to sit back and admire a troll’s work. Bravo Fiju.

TwigtheWonderkid

28,068 posts

89 months

Saturday 16th March
quotequote all
captain_cynic said:
TwigtheWonderkid said:
But they aren't. They are dirt cheap. I can't believe how low my insurance. I hardly know anyone paying more that £400. (all in their 40s or 50s) Friends in Norfolk pay about £120.
Everyone's favourite insurance industry marketing junior vice president of green toner in the north east Norfolk area is trying to tell us insurance is cheap in the UK when it really isn't.

I'm honestly surprised you haven't screeched "STATISTICS" yet like someone who cant provide any real datasets and thinks bad news reports are statistics.
The average price for UK car insurance in the UK in 2017 was £485 for a privately insured car. With young drivers paying £2K+ and other smaller groups paying big premiums, that translates to the average Joe in the street, living in a town and the 'burbs, him and the wife, 35+ with a 1.4 Eurobox and a clean record, paying about £250. And that certainly is in line with my experience.

PH is a site for car enthusiasts. It's not a representative sample.

yonex

13,368 posts

107 months

Saturday 16th March
quotequote all
TwigtheWonderkid said:
vonhosen said:
yonex said:
TwigtheWonderkid said:
It was actually good of her to make that clear, since so many people fail to grasp it.

There are 2 premium hits when you claim. Firstly, your increased risk profile, and secondly, your reduced bonus. Protected bonus just means you don't suffer the second hit. But you might still suffer the first.
Er, that's her job?

So they protect your no-claims, but it's worthless as the premium could increase!
It's not worthless as it stops your premium increasing even more.
It protects your no claims (a percentage reduction on your premium), but it doesn't protect your premium (which is worked out from all aspects of your risk profile).
It's pointless trying to get thru to him. Yonex has form when it comes to posting on insurance. Totally irrational hatred and just ignores posts that prove he's wrong. I think his wife must've run off with an insurance broker!
Ah the PH insurance union rep.
I’m sure you can explain the discrepancies I posted, but maybe not.

Sheepshanks

16,642 posts

58 months

Saturday 16th March
quotequote all
TwigtheWonderkid said:
The average price for UK car insurance in the UK in 2017 was £485 for a privately insured car. With young drivers paying £2K+ and other smaller groups paying big premiums, that translates to the average Joe in the street, living in a town and the 'burbs, him and the wife, 35+ with a 1.4 Eurobox and a clean record, paying about £250. And that certainly is in line with my experience.

PH is a site for car enthusiasts. It's not a representative sample.
Was surprised by a colleague who lives in the SE not far from Heathrow, telling me yesterday the insurance on his M4 is only £300.