Insurance premiums set to soar after compensation changes.

Insurance premiums set to soar after compensation changes.

Author
Discussion

Laurel Green

Original Poster:

30,770 posts

231 months

Monday 27th February 2017
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Average car insurance premiums could increase by up to £75 a year as a result of a government ruling, industry experts have said.

A new formula for calculating compensation payments for those who suffer long-term injuries has been announced by the Ministry of Justice.
But the Association of British Insurers (ABI) called the decision "crazy".

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SpamCan

5,026 posts

217 months

Tuesday 28th February 2017
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Typical, I finally get the insurance for my car under £400 (not unimpressive for a daily driven heavily modified Mustang) and it goes back up over it last year for the increase in insurance premium tax and now this; wonderful.

kurt535

3,559 posts

116 months

Monday 20th March 2017
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So,

Im nearly 50
Clean license since getting it in 1985
Nil points/convictions, etc etc

So, looked at buying a 2000 Honda 1.6 auto HRV to run into the ground towing/dog, etc. Cheapest quote? £770 Fully comp. WTF

The bullst excuses rolled out by 4/5 insurers over the space of a 2hr drive to view said car were hilarious. One thing I really do not get (but I do as its a money spinner) is how the NCB sits with the car you drive and not the driver. So in an insurer's eyes, NCB can only sit with the first car, not the second, even on a 2 car policy.

Whatever happened to insurers you could talk to??? Ho hum.



Dog Star

16,079 posts

167 months

Sunday 7th May 2017
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Oh the one that gets me is that you cannot apply any NCB accrued on a car/bike onto a bike/car - it's not transferable.

However if you have a claim on one then by god almighty they'll fk you up the arse on your other policies. Talk about having your cake and eating it.

I've had an absolute nightmare with this as we got burgled just over three years ago and I and the OH had a motorbike stolen. This means we both have a total loss claim, and since we are both insured on each other's cars and bikes this has rendered us all but uninsurable. Let's not even get onto the actual home insurance which classed the claim as two claims (one on buildings for the door, the other for contents). So in effect one crime, our burglary, and what is really one event is classed as four claims and we have had our insurance for everything go through the roof. Only thing ever in 31years. You can get very bitter about insurance.

mybrainhurts

90,809 posts

254 months

Sunday 7th May 2017
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Dog Star said:
You can get very bitter about insurance.
Biggest bandits in the country ever, after Gordon Brown, that is......irked

jogger1976

1,251 posts

125 months

Tuesday 30th May 2017
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I've been driving for nigh on 25 years and throughout that time one thing has always remained consistent: the complete and utter brain melting nightmare that is dealing with the motor insurance industry.

Seriously, I would put more trust in a man dressed in a stripey jumper and face mask, carrying a bag labelled "swag" than any of the multitude of companies I've had the misfortune to deal with over the years.

Utter utter s, every last one of them!