So in summary we are just being shafted by insurance companies like i said in my first reply
Car insuance? - Why so expensive?
- Thread starter Liam
- Start date
So in summary we are just being shafted by insurance companies like i said in my first reply
So in summary we are just being shafted by insurance companies like i said in my first reply
Not really, most businesses pass on costs to the customer.
insurance companies are looking at cutting down on uninsured drivers. but as everyone else has said across the board insurance has increased
http://www.bvrla.co.uk/Lobbying_and_Campaigns/Insurance_enforcement.aspx
http://www.bvrla.co.uk/Lobbying_and_Campaigns/Insurance_enforcement.aspx
most insurance companies are not in a profit.every pound of premium they take, most companies are paying out more than £1, there are only a handful of companies that are actually makeing profit (including marketing etc which companies like directline pay milllions out on) so to see any decrease in your premium your lucky as most people will see an increase
Soldato
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because my friends keep rolling cars 
An insurance thread? Where is Scot212?
Insurers arn't ripping you off that badly, look up any published combined ratio figures; they are taking in pretty much what they are paying out, and making the vast majority of their profit on investment.
Insurers arn't ripping you off that badly, look up any published combined ratio figures; they are taking in pretty much what they are paying out, and making the vast majority of their profit on investment.
Incidentally mine went up from £1100 to £1670 with admiral this year for my VII
I'm about to renew, quotes so far:
27, No Accidents, No claims, No points, 8 years no claims, Good Postcode
All for Fully Comp with like for like mod replacements and protected NCD
Admiral (Renewal): £1670
Pace Ward: £970
Sky Insurance:£790
Adrian Flux: £1100
Keith Michaels: £750
A-Plan: Tbc
Somewhere I can't remember: Can't quote for over 50bhp over stock.
I always find myself switching and swapping companies, it's just the way it is. Some of your new quotes are less than what you paid this year, so you're not doing too bad.
I think a large part of this perceived (and renewal) increase is comparision sites. In the last 2 years they've become simply terrible. The prices they have for individual insurers are rarely the best price they'll offer. Even online quotes rarely match quotes over the phone.
And remember different companies cater to different markets, despite being sister companies when my renewal went up with admiral this year I managed to move to elephant, on a reasonable discount, and vastly improved terms etc. Only explanation I could get was that they target slightly different markets. Both were able to do better over the phone than online, and Admiral did better over the phone than my renewal had been for.
That was always going to be the case mate - only one insurance company would touch me last year. Why? Because I had not been insured with a car anywhere near that power before.
Its a bit silly as you'll never be able to unless an insurer gives you a chance once.
I'm not talking about silly £5k premiums here, I'm saying they refused to insure me at all. All but one. And thats with the same status as before 26, 7 yrs no claims, no accidents, no convictions, no points.
This year was always going to be better.
Pretty much every insurer my GF has been speaking to lately said theres almost a 17% increase for everyone, regardless of no claims, because the companies need to reclaim money lost due to the huge number of accidents in last winters bad weather.
Probably just an excuse to put it up though.
Probably just an excuse to put it up though.