Has anyone tried getting an insurance quote for 2011?
Discussion
TheCoolerKing said:
Tried a few of the more well known sites and prices seem to have shot up, got my girlfriend to do it as well hers went up almost £350.
It seems that the insurance companies are getting there money back for the snow out of the poor car driver. Barstools!
Mine went from £1300 to £2180 for a Rover 213S. It seems that the insurance companies are getting there money back for the snow out of the poor car driver. Barstools!
thieving sideways with a 
TheCoolerKing said:
Tried a few of the more well known sites and prices seem to have shot up, got my girlfriend to do it as well hers went up almost £350.
It seems that the insurance companies are getting there money back for the snow out of the poor car driver. Barstools!
It's got bugger all to do with the snow and everything to do with the cost of personal injury claims, legal fees and credit hire costs.It seems that the insurance companies are getting there money back for the snow out of the poor car driver. Barstools!
Given RBS Insurance (Direct Line, Churchill, Privilege and NIG) have lost £420million this year in their motor insurance books taking the whole of the division into the red to the tune of £236million for the YTD in 2010 that explains it a lot more.
http://www.broking.co.uk/insurance-age/news/186955...
http://www.uswitch.com/news/insurance/the-rising-c...
Don't let the above facts jade the views of those who will post later claiming it's a ccsh cow and they're ripping us all off.
R1 Loon said:
TheCoolerKing said:
Tried a few of the more well known sites and prices seem to have shot up, got my girlfriend to do it as well hers went up almost £350.
It seems that the insurance companies are getting there money back for the snow out of the poor car driver. Barstools!
It's got bugger all to do with the snow and everything to do with the cost of personal injury claims, legal fees and credit hire costs.It seems that the insurance companies are getting there money back for the snow out of the poor car driver. Barstools!
Given RBS Insurance (Direct Line, Churchill, Privilege and NIG) have lost £420million this year in their motor insurance books taking the whole of the division into the red to the tune of £236million for the YTD in 2010 that explains it a lot more.
http://www.broking.co.uk/insurance-age/news/186955...
http://www.uswitch.com/news/insurance/the-rising-c...
Don't let the above facts jade the views of those who will post later claiming it's a ccsh cow and they're ripping us all off.
Thats like popping into your local corner shop for something and being told its double the price it was last week. Then being told by the owner that he didn't make much money last year so he's decided to double the price of everything in his shop.
Larry Dickman said:
As I said in another thread.. I just got an on line quote from LV direct at £196, I'm presently paying £320 with someone else. Ok, it's only an on line quote at this stage & probably will go up a bit when I contact them but I'm still quite impressed at the moment.
You got shares in LV
It really depends when you're cover starts mine was feb 2011, i did the same quote just over a month ago and £220 less.
The other side to price hikes is car sales are affected, we are already looking at a gloomy 2011 for sales if the newspapers are to be beileved.
TheCoolerKing said:
Fair enough I got it wrong with the snow but charging customers more to cover losses that makes perfect sense. Doesn't it???
Thats like popping into your local corner shop for something and being told its double the price it was last week. Then being told by the owner that he didn't make much money last year so he's decided to double the price of everything in his shop.
The shopowner would raise his prices upfront as he knows what the raw material has already cost. Watch the cost of clothing rise next year, given the cotton prices at the moment.Thats like popping into your local corner shop for something and being told its double the price it was last week. Then being told by the owner that he didn't make much money last year so he's decided to double the price of everything in his shop.
Insurers prices are based on what might or might not happen in the future, so despite all the modelling, forecasting, trending etc in the world it's still no more than an educated guess. As such they have no option but to recoup costs after the fact.
masermartin said:
Maybe, but the legal fees, hire costs and storage costs that mount up while the insurance companies sit on the claims for months and months and months aren't really helping me feel sorry for them, R1 Loon 
Can you point me to the facts / numbers where the insurers are "sitting on claims". I can't speak for other insurers, but I know for a fact that none of mine "sit on claims".whoami said:
Mine went down.
Inexplicably.
Well there's one happy punter, only another 29,999,999 to goInexplicably.
Average increase is now over 50% according to The AA, but as with all averages some will go down, some up.
The nightmare scenario is now for males aged 17 - 25 who are virtually priced out of the market. The other one is that 25 - 28 year old women are now the most likely to crash, although the crashes tend to be less expensive than the ones caused by the 17 - 23 bracket.
The days of insurance dropping at 25 are over, in fact there is a good chance that is you have your 25th birthday you'll see a fairly hefty rise in premium.
Edited by R1 Loon on Saturday 4th December 13:02
R1 Loon said:
Average increase is now over 50% according to The AA, but as with all averages some will go down, some up.
The nightmare scenario is now for males aged 17 - 25 who are virtually priced out of the market. The other one is that 25 - 28 year old women are now the most likely to crash, although the crashes tend to be less expensive than the ones caused by the 17 - 23 bracket.
The days of insurance dropping at 25 are over, in fact there is a good chance that is you have your 25th birthday you'll see a fairly hefty rise in premium.
This is going to have a serious impact on sales of the kind PH classified deal with. How many people go out and buy a car then worry about the insurance, not many, with some exceptions, most people check insurance first then decide to buy.The nightmare scenario is now for males aged 17 - 25 who are virtually priced out of the market. The other one is that 25 - 28 year old women are now the most likely to crash, although the crashes tend to be less expensive than the ones caused by the 17 - 23 bracket.
The days of insurance dropping at 25 are over, in fact there is a good chance that is you have your 25th birthday you'll see a fairly hefty rise in premium.
Looks like I'll be able to buy the Aston in 2011, if I can afford the insurance, there will 50% less people interested in buying and 50% desperate to avoid hikes in prices
TheCoolerKing said:
Larry Dickman said:
As I said in another thread.. I just got an on line quote from LV direct at £196, I'm presently paying £320 with someone else. Ok, it's only an on line quote at this stage & probably will go up a bit when I contact them but I'm still quite impressed at the moment.
You got shares in LVIt really depends when you're cover starts mine was feb 2011, i did the same quote just over a month ago and £220 less.
The other side to price hikes is car sales are affected, we are already looking at a gloomy 2011 for sales if the newspapers are to be beileved.
You got me thinking though because my insurance isn't due till Feb either. I've just done the on line quote again but this time I put the start date as 31/1/2011 & saved the quote, so hopefully should get the same price when I actually need the policy.
Larry Dickman said:
Funny you should say that about shares because, no I haven't
You got me thinking though because my insurance isn't due till Feb either. I've just done the on line quote again but this time I put the start date as 31/1/2011 & saved the quote, so hopefully should get the same price when I actually need the policy.
Sadly, you won't insurance quotes have a best before date of 28 days and even that is falling by the wayside, as it is a historical date range based on postal delays when everything was sent by the PO and cheques took 5 days to clear.You got me thinking though because my insurance isn't due till Feb either. I've just done the on line quote again but this time I put the start date as 31/1/2011 & saved the quote, so hopefully should get the same price when I actually need the policy.
Rates may have gone down by then (although highly unlikely)
R1 Loon said:
Larry Dickman said:
Funny you should say that about shares because, no I haven't
You got me thinking though because my insurance isn't due till Feb either. I've just done the on line quote again but this time I put the start date as 31/1/2011 & saved the quote, so hopefully should get the same price when I actually need the policy.
Sadly, you won't insurance quotes have a best before date of 28 days and even that is falling by the wayside, as it is a historical date range based on postal delays when everything was sent by the PO and cheques took 5 days to clear.You got me thinking though because my insurance isn't due till Feb either. I've just done the on line quote again but this time I put the start date as 31/1/2011 & saved the quote, so hopefully should get the same price when I actually need the policy.
Rates may have gone down by then (although highly unlikely)
R1 Loon said:
masermartin said:
Maybe, but the legal fees, hire costs and storage costs that mount up while the insurance companies sit on the claims for months and months and months aren't really helping me feel sorry for them, R1 Loon
Can you point me to the facts / numbers where the insurers are "sitting on claims". I can't speak for other insurers, but I know for a fact that none of mine "sit on claims".TheCoolerKing said:
Thats like popping into your local corner shop for something and being told its double the price it was last week. Then being told by the owner that he didn't make much money last year so he's decided to double the price of everything in his shop.
Isn't that pretty much exactly how capitalism works?He can charge what he likes. You can shop elsewhere...
masermartin said:
R1 Loon said:
masermartin said:
Maybe, but the legal fees, hire costs and storage costs that mount up while the insurance companies sit on the claims for months and months and months aren't really helping me feel sorry for them, R1 Loon
Can you point me to the facts / numbers where the insurers are "sitting on claims". I can't speak for other insurers, but I know for a fact that none of mine "sit on claims".R1 Loon said:
How do you know which side were sitting on it though?
Both sides are insurance companies. Does it matter to me? My side (and in the case of my mates, his side too) said that it was the other side (the ones who had to pay up) that sat on it. In my case it was storage costs that mounted up, in his case his bike hire charges came to three times the value of the bike (I kid you not).Either way, they stung themselves for huge costs through incompetence or laziness, and use that as a justification to rip us off. It's a personal viewpoint, but it's based on bitter experience.
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