Car Insurance Winge!

[Frenchieboy]

I have just had my renewal come through for my 4X4 and I am not happy. I have been loyal to the one insurance company for a good few years now and this is coming up to the 4th year with the same motor. I have never made a claim (Or had an accident) for over 10 years nor have I had as much as a speeding conviction yet the cost of my insurance which is Fully Comprenensive as usual has gone up yet again! I phoned the company this afternoon and asked them why my insurance went up each year for the same motor even though I had never made a claim and I couldn't believe the reason they gave me - They said that even though I had not made a claim other drivers in my area had and it was because of the costs of their claims that my insurance was going up yet again!

What sort of a society are we living in that says that I have to be penalised each year to pay for the other crappy and careless dirvers about? Would you be happy about this?

 

OK that's it - Winge over, but I'm still not happy so I might go and "Go Compare"!

[pigeonblasterian]

It does not pay to be loyal to one company.I change insurance company nearly every year.That is since i was with the same one for eight years and it just kept going up.Saved £150 when i changed and get fresh quotes every year now. :blink:

[apache]

check all the comparison sites, there was a £35 difference between them!

 

compare the market

 

go compare

 

confused.com

 

moneysupermarket.com

 

We saved over £100 by spending 3/4 of an hour looking around and reduced the excess!

 

Found it so much fun that I went on and saved £150/year on electricity too! :blink:

[Alanl50]

I always insure with Churchill, I have never found anyone to beat them yet with my level of cover but I always look to see, again this year they are £33.00 cheaper than the nearest which was the "AA".

Alan

Edited September 9, 2010 by Alanl50

[foxbuster]

Always worth checking out the 'compare' sites. Had my bike insurance renewal qoute last month-cheeky ######## wanted £500! Went on MCN compare site, had it for £216!!!! Robbing ****s these insurance companies! Never pays to be loyal to them.

[Ozzy Fudd]

I have just had my renewal come through for my 4X4 and I am not happy. I have been loyal to the one insurance company for a good few years now and this is coming up to the 4th year with the same motor. I have never made a claim (Or had an accident) for over 10 years nor have I had as much as a speeding conviction yet the cost of my insurance which is Fully Comprenensive as usual has gone up yet again! I phoned the company this afternoon and asked them why my insurance went up each year for the same motor even though I had never made a claim and I couldn't believe the reason they gave me - They said that even though I had not made a claim other drivers in my area had and it was because of the costs of their claims that my insurance was going up yet again!

What sort of a society are we living in that says that I have to be penalised each year to pay for the other crappy and careless dirvers about? Would you be happy about this?

 

OK that's it - Winge over, but I'm still not happy so I might go and "Go Compare"!

 

:blink: that would be right, insurance has gone up, same as everything has - price of booze, groceries...

 

the more claims that happen in an area mean that (risk wise) anyone living in that area is more likely to have a claim; example is 100 people are standing in a bar, 80 people are wearing shirts, 20 are wearing t shirts. so if you pick a random man standing in the bar, is he more likely to be wearing a shirt or a t-shirt?? as for being penalised, well thats how insurance works. its a pool, all the money paid into the pool should cover all the money paid out in claims, so the more that gets paid out the more has to come in....

 

if you really want to blame someone for rising prices i can give you a few to lay the blame on. garages that charge £30 an hour labour on top of parts for repairs, ambulance chasing solicitors who specialise in injury claims (saw 3 people claim £14,000 for whiplash after a car reversed out of a parking space and gently bumped theirs...), and accident management companies who claim they will deal with your non fault claim for free (and charge insurance companies £300 a week for your courtesy car, £1000 a week for their time for dealing with your claim, and stick the arm in to get you as much personal injury claims as possible), and thats not to mention the general public who, at the time of the accident, are usually "oh no im fine, its only a minor scratch, dont worry about it", then a few hours later (after speaking to a friend) it turns into "oh he rammed me and i bumped my head and ive got whiplash, you know how it takes these injuries a few hours to show up..."

 

if youre not happy with who youre with, go to gocompare or someone else then. but i do always find it laughable that people bleat on about loyalty yet will change insurance companies at the drop of a hat for as little as £5 - yes a fiver (and i saw one yesterday do it). why should insurance companies show loyalty to customers when they dont show it back?

[decoying mad]

14 scoda octavias 1.9 tdi all our own vehicles/ taxis

last years policy £23.000 and only a couple of claims third partys fault

this year £30.000 :blink: rang round the very few reliable companys which do private hire insurance and they could not beat 30g

[Frenchieboy]

I see and totally understand what you are saying Ozzy but I still feel that I am being robbed by being asked to pay extra simply because "my neighbour" is a **** driver compared to me, he is the one that should be penalised not me!

As it is I have been on to "Go Compare" and found that by changing to the Co-Operative Insurance Company I can get legal Cover and a lower excess and still save myself about £50.00 per year compared to what my current insurance company (Saga) are quoting!

Can you guess who I am going to be insured with? (For those of you that don't do mornings very well I'll give you a clue - The Co-Op)

[al4x]

the excuses are bull Ozzy they just want to make more money out of you, don't show loyalty to Insurance companies it really isn't worth it

[the running man]

the excuses are bull Ozzy they just want to make more money out of you, don't show loyalty to Insurance companies it really isn't worth it

I agree,we the customer,consumer the individual

Are just a cash cow to these people. Its all about more for them less for us.

[berties]

Made a claim lately,aa the broker put me on to Zurich the under writer who put me in touch with claim fast who got a car from enterprise then the third party got in touuch who wanted to do the claim no wonder insurance is going up to many people involved,my car was repaired with me in a courtesy car for a day no personal claim,a collegue of mine same make of car same damage rear bumper both parties rbs car in body shop 2 weeks,so that's 2 weeks of courtesy car plus a whip lash claim,insurances will go up if the claim is handled poorly and people claim for inflated injuries.

[Devon Fox]

It does not pay to be loyal to one company.I change insurance company nearly every year.That is since i was with the same one for eight years and it just kept going up.Saved £150 when i changed and get fresh quotes every year now.

 

 

Me too - never used the same company twice in the last 10 years!!!

 

Helped my Mum sort hers out the other day, she was with the AA who insure through another company, policy increased by £150 despite donkey years of no claims, car garaged, max of 5000 miles per year, went to meerkat and had the same policy offered by the same company and it was £40 cheaper than previous policy -- Bandits

[wyatt]

I'd recomend as well as using the internet to ring up some insurance brokers. I'm a member of a few car sites and they offer discounts and will beat some quotes. I used Chris Knott who in turn insured me with Highway Insurance who are part of the LV group. Their quote was less that 50% of most others I'd got online!

[Marcus]

It really is a simple one this.

 

In order to get your business they give 'new' customers a very good deal to get you in through the door. Once you are in, you will nearly always find that the cost increases over the comming years (more than what you would expect for normal inflationary/risk based rises etc) You stay as you believe when you last checked they were the cheapest. This is a mistake on your behalf and exactly what the company wants you to do. Its where they make the money.

 

The same principle also applies to home insurance and even mortgage deals.

 

So, every year on renewal, shop around, someone out there will want your business and you will save money.

[gixer1]

the excuses are bull Ozzy they just want to make more money out of you, don't show loyalty to Insurance companies it really isn't worth it

 

 

Totally agree.....

 

I used to actually pay more to get a reputable company and was with priveledge (who you would think are reputable!) I had some idiot run up my ***** and do 4 grands worth of damage to my car, I spent basocally the best part of a year fighting with insurance companies and basically just covered my vehicle costs, but i abandoned the medical and injury costs...

 

 

now i just look to get the cheapest bit of paper to get me road legal as it seems to matter not a jot....

[poontang]

Total rip off.

 

The same as road tax and the MOT. The British motorist has been bent over and rogered for years, and always will be.

 

Last year my car was a group 17, and in 24 years I'd NEVER had an accident or made a claim. This year I've got a different car, group 9, still no accidents/claims, live in the same place, car is left in the same place, insured for the same amount etc. etc. yet they want just under TWICE as much as last year.

 

How the **** do they work that one out?

 

According to the local plod car crime is DOWN in this area, so I can't see that postcode crime stats have a bearing.

 

By law we HAVE to have insurance, so once again the legal motorist is an easy target for the insurance companies to exploit. And exploit us they do.

 

Thieving ********

[the running man]

It really is a simple one this.

 

In order to get your business they give 'new' customers a very good deal to get you in through the door. Once you are in, you will nearly always find that the cost increases over the comming years (more than what you would expect for normal inflationary/risk based rises etc) You stay as you believe when you last checked they were the cheapest. This is a mistake on your behalf and exactly what the company wants you to do. Its where they make the money.

 

The same principle also applies to home insurance and even mortgage deals.

 

So, every year on renewal, shop around, someone out there will want your business and you will save money.

Not entirely true,my home insurance was the cheapest on renewal.

[Ozzy Fudd]

I see and totally understand what you are saying Ozzy but I still feel that I am being robbed by being asked to pay extra simply because "my neighbour" is a **** driver compared to me, he is the one that should be penalised not me!

As it is I have been on to "Go Compare" and found that by changing to the Co-Operative Insurance Company I can get legal Cover and a lower excess and still save myself about £50.00 per year compared to what my current insurance company (Saga) are quoting!

Can you guess who I am going to be insured with? (For those of you that don't do mornings very well I'll give you a clue - The Co-Op)

 

thats the problem, insurance companies have to go by statistics

 

the excuses are bull Ozzy they just want to make more money out of you, don't show loyalty to Insurance companies it really isn't worth it

 

im so sorry al4x, youre completely right as usual, youre knowledge in these things is much more in depth than mine. yes, none of the reasons i gave are valid, insurance companies arent paying anything out in claims, they keep it all so they can squander it on hookers and booze, and the last independant report i read which said 87% of car insurance premiums paid in are then paid out in claims (of £1,000,000 in premium paid the companys paid out about £870,000, leaving a profit of £130,000 to cover overheads, etc...) must have been complete lies, published by someone who wasnt independant at all, they were promised free car insurance for life or something i suppose!

 

i really must apologise for wasting all you chaps time by posting on this subject, i mean, what would i know about why premiums are rising, ive only been working day in and day out in insurance since i left school (almost 10 years ago...)

 

ps and if you really want a shock, look at what your insurance premiums were 5 years ago and how much they dropped the last few years

Edited September 9, 2010 by Ozzy Fudd

[ME]

since i left school

 

you have left school ?

[Ozzy Fudd]

you have left school ?

 

i know, hard to believe isnt it even more shocking i stayed on and did a levels...

[Frenchieboy]

Now now girls - Let's please not turn this thread into a "Handbags at 20 paces thread". We can all express ourselves without resorting to that - can't we?

I think the general fact is that Insurance is a legal requirement and as such the Insurance Companies have got us by the short and curlies so if we can be bothered to "shop around" and save ourselves a couple of quid then great, but i still think we are being treated unfairly - but that's nothing new is it!!

[shot shot]

When I came to getting insurance in January, I hit a bit of a brick wall, I had been involved in a major accident last october (not at fault, all parties hospitalised, bot vehicles total write offs, there was fire, etc. etc. ) and as such was receiving an average premium of 3.5k (as a named driver!!). I actually ended up getting by far the best quote from a local broker, down from the previous cheapest quote of 2800, to 800 for two persons (yes, that's right, 800). Of course, being so cheap for a new driver, there are a few strings attached. The policy doesn't cover commuting (to work/college), which is why the risks are so much the lesser. The vast majority of accidents with people still at school, occur on the commute

 

I dread what they'll be looking next january

[dorianbuilders]

Similar, I got told by Admiral that because last year was a bad winter there were lots of claims therefore car insurance had gone up to cover it!

W******!

[Psyxologos]

Similar, I got told by Admiral that because last year was a bad winter there were lots of claims therefore car insurance had gone up to cover it!

W******!

 

I just spoke to admiral about my two cars and I got them to reduce their renewal quote (fully comprehensive) for me and my wife from almost £1200 to £940. Don't accept what they offer you. Make them work to keep you.

Edited September 9, 2010 by Psyxologos

[al4x]

im so sorry al4x, youre completely right as usual, youre knowledge in these things is much more in depth than mine. yes, none of the reasons i gave are valid, insurance companies arent paying anything out in claims, they keep it all so they can squander it on hookers and booze, and the last independant report i read which said 87% of car insurance premiums paid in are then paid out in claims (of £1,000,000 in premium paid the companys paid out about £870,000, leaving a profit of £130,000 to cover overheads, etc...) must have been complete lies, published by someone who wasnt independant at all, they were promised free car insurance for life or something i suppose!

 

i really must apologise for wasting all you chaps time by posting on this subject, i mean, what would i know about why premiums are rising, ive only been working day in and day out in insurance since i left school (almost 10 years ago...)

 

ps and if you really want a shock, look at what your insurance premiums were 5 years ago and how much they dropped the last few years

 

 

so my other half who last year paid £250 and had a renewal this year for £340 shouldn't have been able to blag it straight down to £235, and when I get my renewal through I shouldn't be able to do a new quote and have it come out less than the renewal? that one works every time. They rely on people just letting the renewal go through and making more profit out of it than giving the best quote they can. Assuming you are on the sales end you have a figure you can go down to with a renewing customer I assume before you would start loosing money so you aren't giving the best renewal quote based entirely on a fixed profit margin and previous claims and that is simply as most companies sell the policy but then tout the risk on I believe?