****ing Insurance
Discussion
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?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.
You are part of the reason that your renewal is going to be a fair chunk more…
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? 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.
So they protect your no-claims, but it's worthless as the premium could increase!
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).
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?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
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. 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).
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!
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? 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.
So they protect your no-claims, but it's worthless as the premium could increase!
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).
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.You really want to risk ruining your own life to save a few quid now? Bonkers!
Plus, of course, there are plenty of people already driving with no insurance.
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. 
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.
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.
PH is a site for car enthusiasts. It's not a representative sample.
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? 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.
So they protect your no-claims, but it's worthless as the premium could increase!
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).
I’m sure you can explain the discrepancies I posted, but maybe not.
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.PH is a site for car enthusiasts. It's not a representative sample.
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