My car + Car insurance - is it worth it?? What happens if i cancel the ins??

Is the car, or it's value plus the remainder of the insurance plus the running costs in cash, worth more to you? This is what it boils down to.
 
Instead of worrying about outgoings, worry about income. £1000 from a 70 hour week. What is the reason do you think that this is so low, and what can you do to improve it?
 
I could also mug an old person for a bit of cash and I could always steal the keys to a car. I mean where does it stop with you? I have some morals. Have a think about that while you're kissing some bird while your wife is on the other side of the planet.
 
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Well I'm off to bed now, been dangerously close to spitting out my coffee several times now whilst reading through this thread.
 
B&W said:
im not endorsing these things or saying that ive done em, just saying people do em.
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Well you are endorsing it because you're calling me stupid for not seeing the benefits of doing it. I actually reckon that you've done it.

Welcome to my ignore list, enjoy your stay.
 
Maybe B&W isn't speaking out his behind after all...

In extreme cases, gangs of criminals have been caught staging car crashes and then making fraudulent whiplash compensation claims. Car Fraud Investigator, Peter Taylor, says that the scam is relatively easy to conduct: two drivable cars can be bought for around £1,000. An extra £800 is then used to buy fully comprehensive car insurance and the remaining £300 is used to purchase third party cover for the other vehicle.

The cars are deliberately crashed and other members of the gang put their names on the claim and claim whiplash injuries. In one instance, each member of a gang claimed £2,500 for whiplash. A further £5,000 was added to the bill to cover the costs of the cars and loss of earnings for each passenger. The total cost of this single scam was £26,000.
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What gets me is that the second you try to claim off your insurence for anything, they fight you to the death for it.

How can it be allowed? Insurence companies are required, by law, to try to pay out as little as possible because as a PLC, their sole duty is to make profits for their shareholders. If they did anything that would be against making profits for the shareholders they'd be in foul of the law.

How does this make sense? You HAVE to have insurence to be legally able to drive and they HAVE to avoid paying you out when you make a claim.

Also, what the hell is excess all about? You pay for the policy, then you need to pay more when you claim? I bet they love it. People actually try to avoid using the insurence they pay for.
 
Janesy B said:
?

I'm not sticking up for them, of course they want a profit but people who front cost them a hell of a lot of money so that needs to be raked back. It's simple really.
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why is so much more expensive than so many other countries though

despite us all driving the same cars

Australia and the US both have completely different motor insurance schemes, and 18 year olds dont have to pay £2000 for their first years insurance on a grotbox.
 
James07 said:
This is something that needs bringing to the the papers, the govt and insurance compaines are getting away with what you call "naked profiteering".. which is right, they are because no one will claim as its not worth the money and added premium.
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its not just your car they have to pay for if you crash.... its the others you hit also. Its not tied just to your cars value.
 
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