Absurd insurance
Discussion
I know there are a lot of similar insurance threads about but it is so frustrating. My insurance has just gone up by 20% despite the only difference being me a year older and an extra years ncb.
If that years ncb still is 10% ish then that is an increase of 30%!
Anyway, I did some searches and didn't really find much better. I tried all sorts of combinations but gave up when I started getting cheaper results with 3 years ncb than with 4 years!!! Even with the same companies!!!
Can only emphasise with parents of young drivers, I thought ppl getting 5k quotes just weren't looking properly but it would seem this is the state of insurance now.
One other point, ok premiums are going up due to a rise in personal injury claims etc. But what about all those people not claiming because they don't want to increase their premiums! I know plenty of people, myself included who have not bothered involving their insurance where possible for this very reason.
If that years ncb still is 10% ish then that is an increase of 30%!
Anyway, I did some searches and didn't really find much better. I tried all sorts of combinations but gave up when I started getting cheaper results with 3 years ncb than with 4 years!!! Even with the same companies!!!
Can only emphasise with parents of young drivers, I thought ppl getting 5k quotes just weren't looking properly but it would seem this is the state of insurance now.
One other point, ok premiums are going up due to a rise in personal injury claims etc. But what about all those people not claiming because they don't want to increase their premiums! I know plenty of people, myself included who have not bothered involving their insurance where possible for this very reason.
Could be worse my 72 years old fathers insurance went from 350 last year to a renewal of 900. No claims or points, and the car was worth roughly 500. Managed to switch him to another insurer for under 300
Then we change his car, so similar value, old car insurance group 21, new car group 14 insurance increase of 30% apparantely this is due to it being a new car to him ANC he needs to get used to it...
Then we change his car, so similar value, old car insurance group 21, new car group 14 insurance increase of 30% apparantely this is due to it being a new car to him ANC he needs to get used to it...
Edited by northandy on Thursday 14th July 22:54
)torqueofthedevil said:
Really with who? I'd that WAY out of line with what you'd expect? If so u need to ring them because I've heard the web quotes can get it wrong and the price won't stand
Doesn't sound that surprising - doesn't seem to make all that much difference what I insure these days. The Elise is worth about 15k, insurance group 47, costs about £500/yr. The 350Z is worth about 10k, Insurance group 45, about £400/yr. The Subaru is worth the square root of f
k all, is insurance group 27 and costs a bit under £300/yr. I suppose as a ratio that's quite a big difference, but as an absolute amount that's only about £200 between them.My old Dad, God rest his soul, insured things like Qantas, P&O Shipping, to name a couple of clients. He always remarked that simple insurers of cars were in the wrong business. It is a risk business, he used to say, and they are no longer prepared to take a risk, time for them to move into other markets. And that is why it is now so expensive.
my 55 year old dad was quoted 1k on a 10 year old 1.6 polo with 5 years NCD and 6 points on wariest price comparion websites! the year before he paid £300 on a corsa. the cheapest we got was 700 with debenhams but with good ol' fashion phone haggling he managed to bring it down to 400.
Edited by anonymous-user on Friday 15th July 02:18
my current insurnace company tried putting mine up by nearly 1k come the renewal and also tried explaining it was because of a claim.....as someone had bumper into my unattened parked car!
i whinged and kick up a fuss and it worked, they decided the error had been on there part,gave me back my NCD and a decent price.
i left them anyway for being morons.
i whinged and kick up a fuss and it worked, they decided the error had been on there part,gave me back my NCD and a decent price.
i left them anyway for being morons.
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.
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.
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.
Kozy, that sums it up brilliantly, its a gravy train for legal "Professionals" and the other people you mentioned, the clueless crash or get crashed into and get a new 50 inch telly out of the deal, as you said the core purpose has changed and its mutated into a monster, like all the other claims stuff that is beamed at those watching Sky tv during the day it relies on laziniess and the ability to either bare faced lie or make a mounatain out of a molehill, 5 mph crash caused whiplash that means you are off work for 3 weeks, give over, I see banger racers have massive crashes get out and stand on the roof of the car.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.
The problem is human nature, or lately it is, the link between effort and success has been severed
and so many people are waiting for their big break, X Factor, Football stardom, lotter or failing that good old benefits, another system who's MO and scope has been twisted from absolute worst case safety net to a lifestyle choice.
Persuading people from making the gallant gesture of saying that they arent actually injured and missing out on a couple of grand will be an uphill struggle, the companies that do this need takign into hand and the cash for crash thing clamping down on and stamping out.
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