Car Insurance: another government enforced scam
Discussion
An old chestnut I know but I have to get this off my chest and maybe someone can enlighten me as to how to use the system against itself.
[rant]
Now I've got a Tuscan lined up ready I've started ringing round in earnest to get insurance quotes and it's reminding me why the whole insurance industry is a big scam and should be put against the wall and shot.
Just what is the deal with no-claims discounts being tied to one car? If I have an accident in another car and claim, does that mean my premuim won't change for car number one? Does it like hell! Why isn't it simply linked to whether you've had any accidents/claims regardless of vehicle? Can someone in the know please explain to me how this is in any way fair or reasonable?
When we get the Tuscan it will be our third car - we also have a new Mini and an MGB Roadster. The Mini is insured by my wife and the MG is on a classic car policy in my name. The MG insurers are now telling me that classic car policies don't have NCBs, just 'reductions for claim-free driving'. WTF???
Sounds like a no-claims discount to me. The upshot of this is that a) my MG insurers will only give me 2 years no-claims discount (the time I've been with them, not the three years I've run the MG 'claim-free') and b) apparently some companies will not accept 'claim-free reductions' as valid no-claims discounts 
The whole no-claims malarky is just another way for the insurance industry to make us bend over and take it whether we like it or not.
What a bunch of robbing c
ts
[/rant]
[rant]
Now I've got a Tuscan lined up ready I've started ringing round in earnest to get insurance quotes and it's reminding me why the whole insurance industry is a big scam and should be put against the wall and shot.
Just what is the deal with no-claims discounts being tied to one car? If I have an accident in another car and claim, does that mean my premuim won't change for car number one? Does it like hell! Why isn't it simply linked to whether you've had any accidents/claims regardless of vehicle? Can someone in the know please explain to me how this is in any way fair or reasonable? When we get the Tuscan it will be our third car - we also have a new Mini and an MGB Roadster. The Mini is insured by my wife and the MG is on a classic car policy in my name. The MG insurers are now telling me that classic car policies don't have NCBs, just 'reductions for claim-free driving'. WTF???
Sounds like a no-claims discount to me. The upshot of this is that a) my MG insurers will only give me 2 years no-claims discount (the time I've been with them, not the three years I've run the MG 'claim-free') and b) apparently some companies will not accept 'claim-free reductions' as valid no-claims discounts The whole no-claims malarky is just another way for the insurance industry to make us bend over and take it whether we like it or not.
What a bunch of robbing c
ts [/rant]
Err - whats this got to do with the government????
Motor Insurance operates in a free market - you can shop around. But its not provided by a charity, so expect to pay a going rate.
Its true - classic policies don't normally have an NCB associated with them - you're lucky to get two years if you get it.
Motor Insurance operates in a free market - you can shop around. But its not provided by a charity, so expect to pay a going rate.
Its true - classic policies don't normally have an NCB associated with them - you're lucky to get two years if you get it.
Perhaps the govenment thing was somewhat spurious (but they're an easy target 
and I stand behind it for reasons not really related to this particular problem).
Why shouldn't it count? If I've not made any claims what difference should it make whether it's a classic car or not? My point is that a claim on my policy will affect the premium should I then take out a second policy on a second car. This 'logic' only works one way though: to the benefit of the insurer. It seems absurd to me that it does not work both ways. Your claim record should apply to any policy you take out for better or worse so you're not unfairly penalised simply for taking out a second policy without cancelling the first to transfer the no-claims.
Bah! I'm not articulating this very well. Someone help me out here...
and I stand behind it for reasons not really related to this particular problem).
spnracing said: Its true - classic policies don't normally have an NCB associated with them - you're lucky to get two years if you get it.
Why shouldn't it count? If I've not made any claims what difference should it make whether it's a classic car or not? My point is that a claim on my policy will affect the premium should I then take out a second policy on a second car. This 'logic' only works one way though: to the benefit of the insurer. It seems absurd to me that it does not work both ways. Your claim record should apply to any policy you take out for better or worse so you're not unfairly penalised simply for taking out a second policy without cancelling the first to transfer the no-claims.
Bah! I'm not articulating this very well. Someone help me out here...
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