Discussion
rip off insurance companys should be regulated if they are not already.. my partner paid £380.00 last year with me as an additional driver.. no circumstances have changed but the renewal was £588.72 which is one hel of a rise, i told her to phone to cancel and they dropped it to only £366.00 which was less than last year-- a massive saving of £200.00 for making one phone call,, i dont buy this rubbish about us paying for uninsured drivers, surely since anpr cameras have been used there must be less uninsured cars on the road??
Efbe said:
you didn't read the post did you?
Yes, yes I did. The reason the insurance company dropped the renewal price was to retain the customer and, would most likely be making a loss on the policy. My comment on why premiums are going through the roof was aimed at the assumption, that premium increases were due to uninsured drivers.At the end of the day car insurance is a business and surely the aim of any business is to make money!
Of course they are going to try it on and get as much money out of you as you are prepared to pay.
Dont get me wrong,i am as pissed off with it as anyone else,both my renewals came through this year considerably higher than what i paid last year,but a quick ring around and i found quotes that were even cheaper than my existing premiums. I signed up straight away and didn't even give my existing insurance company the chance to match them!
Like i said its business and if you are not happy with the quote you are given take your business somewhere else!
I also believe the other point about the insurance companies being as much to blame themselves is true. Not long ago a mate of mine was nudged in a traffic que which resulted in a crack in his rear bumper.Insurance details was exchanged and while the claim was going through he was bombarded with calls from HIS insurance company INSISTING he must of been hurt and DEMANDING that he go and see a doctor! Despite telling them he was absolutely fine he went to the doctor,a few forms were signed and he ended up with £1800 and no doubt his insurance company walked away with their share!
Its all a copmlete load of b
ks and the insurers are just as bad as the other people who abuse it.
Of course they are going to try it on and get as much money out of you as you are prepared to pay.
Dont get me wrong,i am as pissed off with it as anyone else,both my renewals came through this year considerably higher than what i paid last year,but a quick ring around and i found quotes that were even cheaper than my existing premiums. I signed up straight away and didn't even give my existing insurance company the chance to match them!
Like i said its business and if you are not happy with the quote you are given take your business somewhere else!
I also believe the other point about the insurance companies being as much to blame themselves is true. Not long ago a mate of mine was nudged in a traffic que which resulted in a crack in his rear bumper.Insurance details was exchanged and while the claim was going through he was bombarded with calls from HIS insurance company INSISTING he must of been hurt and DEMANDING that he go and see a doctor! Despite telling them he was absolutely fine he went to the doctor,a few forms were signed and he ended up with £1800 and no doubt his insurance company walked away with their share!
Its all a copmlete load of b
ks and the insurers are just as bad as the other people who abuse it. Edited by Nedz on Tuesday 28th June 16:40
Just be glad you aren't young and male. If were a year older and passed my test a year earlier I could have got insurance for £1500-1600 on something reasonable like a Ford Escort, now the bottom value appears to be around £2500 for a little Micra and £3k+ for something with an engine.
chrisispringles said:
Just be glad you aren't young and male. If were a year older and passed my test a year earlier I could have got insurance for £1500-1600 on something reasonable like a Ford Escort, now the bottom value appears to be around £2500 for a little Micra and £3k+ for something with an engine.
I can only wish of r a quote like that for my micra - I was quoted £9000 for my micra, no joke. 998cc, 3rd part fire and theft, 7000 miles.Rev Limit said:
Apparently the huge rise in people claiming for whiplash injuries after minor crashes has also contributed significantly to the rise in insurance costs..
Its certainly a factor to consider. Can you ever remember in years gone by people suing for whiplash? I have a friend who someone crashed into his M3 a few weeks ago in the centre of London, he walked out without a scratch but told his insurance that he had a sore back, he got a same day offer of £400 from the insurance company, he rejected it, it got upped to £1200.Its obviously not a huge sum of money but if it stops them later being sued for 50k then its a worthwhile investment.
Once, it was worth not claiming. Now, it's never worth claiming.
http://funsverylimited.blogspot.com/2011/07/insura...
http://funsverylimited.blogspot.com/2011/07/insura...
Uninsured driving and ambulance chasers have definatley contributed but the fact that most insurance companies are subsideries of banks (Direct Line under RBS for example) and those banks are now desperatley trying to obtain some money back from somewhere which has seen price rises co-incide with the banking crisis often gets ignored and overlooked. Lets face it we've had a good two decades of popular blame/claim and years of people driving without insurance etc but premiums have never risen at the alarming pace that they have done since banks were told to recoup losses.
Insurance is a legalised rip off. Companies claim to hike rates for all sorts of reasons, many of which are actually supported by them. They also fail to mention their poor admin which hikes the costs of accidents up. Working at a dealership with a bodyshop I've seen many cars brought in which are hopelessly damaged. The tow truck driver should have been able to mail a pic of the wreck to the ins co from on the spot then take it to the nearest scrapyard. That way the customer could be paid out within a week of the accident in stead of enjoying hire cars for week after week.
Two instances:
a 15yr old Daewoo wrapped round a lamp post - result 6mths of storage charges in repair shop compound
a new Corsa 3 days 30 feet under water total scrap - result similiar and no doubt sold by the ins co so it will reappear to some unlucky punter
I could go on........................
Two instances:
a 15yr old Daewoo wrapped round a lamp post - result 6mths of storage charges in repair shop compound
a new Corsa 3 days 30 feet under water total scrap - result similiar and no doubt sold by the ins co so it will reappear to some unlucky punter
I could go on........................
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