rant Insurance prices set to......

[Abz]

i get that alot. No girl should touch a mans supra. punishable by throwing her handbag out of the car window on the motorway.

My missus drives my Supra sometimes, she is the one telling me don't sell it!

 

Josh, I think what imi was saying by your post was if you was getting quotes of £1,300 and now expecting £5,000 then it is not a 40% hike as the OP's first post mentions. Think this is where he meant about maths lessons

[Josh]

My missus drives my Supra sometimes, she is the one telling me don't sell it!

 

Josh, I think what imi was saying by your post was if you was getting quotes of £1,300 and now expecting £5,000 then it is not a 40% hike as the OP's first post mentions. Think this is where he meant about maths lessons

 

Ah ok fair enough The quotes of £1300 were from like a year ago so I was just saying that it's gone up a hell of a lot in that time so I can't afford for it to go up another 40%.

 

I wonder if the prices will ever go down..

[Abz]

Ah ok fair enough The quotes of £1300 were from like a year ago so I was just saying that it's gone up a hell of a lot in that time so I can't afford for it to go up another 40%.

 

I wonder if the prices will ever go down..

I highly doubt it Josh and to be honest from past experience and dubbing into politics and economy you will find this has been done as a reason. To give you an example of what I am on about, think about petrol prices. I remember starting to learn how to drive and petrol prices were 68p a litre, when they went to 74p or so everyone went on a massive uproar! Then everyone accepted it. Again the same thing happened when it went to I believe 90p a few years back, we had the oil blockers and all that. Now it has gone to £1.27p (VPower) a litre and people are just accepting it, will never go down.

 

I was looking forward to getting older and enjoying cheap insurance and has Richard said it does seem a waste of money, example in a few months time I will have 8 years NCB but this won't make much difference to my insurance. If I managed to 20 years of motoring without an accident, surely I should have a massive discount (I mean huge!) but I will only get 30% knocked off. Insurance should be cheap for the people who don't have accident and expensive for the ones that do!

[Supra Gaz]

I highly doubt it Josh and to be honest from past experience and dubbing into politics and economy you will find this has been done as a reason. To give you an example of what I am on about, think about petrol prices. I remember starting to learn how to drive and petrol prices were 68p a litre, when they went to 74p or so everyone went on a massive uproar! Then everyone accepted it. Again the same thing happened when it went to I believe 90p a few years back, we had the oil blockers and all that. Now it has gone to £1.27p (VPower) a litre and people are just accepting it, will never go down.

 

I was looking forward to getting older and enjoying cheap insurance and has Richard said it does seem a waste of money, example in a few months time I will have 8 years NCB but this won't make much difference to my insurance. If I managed to 20 years of motoring without an accident, surely I should have a massive discount (I mean huge!) but I will only get 30% knocked off. Insurance should be cheap for the people who don't have accident and expensive for the ones that do!

 

i have to agree with everythig you have said, prices will rise, and continue to do so for the forseeable future, we are all having to pay the price for the state of the economy.

[Josh]

I highly doubt it Josh and to be honest from past experience and dubbing into politics and economy you will find this has been done as a reason. To give you an example of what I am on about, think about petrol prices. I remember starting to learn how to drive and petrol prices were 68p a litre, when they went to 74p or so everyone went on a massive uproar! Then everyone accepted it. Again the same thing happened when it went to I believe 90p a few years back, we had the oil blockers and all that. Now it has gone to £1.27p (VPower) a litre and people are just accepting it, will never go down.

 

I was looking forward to getting older and enjoying cheap insurance and has Richard said it does seem a waste of money, example in a few months time I will have 8 years NCB but this won't make much difference to my insurance. If I managed to 20 years of motoring without an accident, surely I should have a massive discount (I mean huge!) but I will only get 30% knocked off. Insurance should be cheap for the people who don't have accident and expensive for the ones that do!

 

I agree too. It's ridiculous that everything's so expensive and prices are rising so quickly.

 

That's why I want a Supra now because I can see petrol and diesel cars being banned in 10 years or so and everyone will be made to drive electric cars. If they're not banned then they'll be too expensive to run.

[Snooze]

Insurance should be cheap for the people who don't have accident and expensive for the ones that do!

 

I'm always surprised that accident history doesn't affect insurance premiums more than it appears to.

 

Remember insurance still has to be more expensive for those people that drive desirable cars (for vandalism/theft claims) or self-igniting cars (like my BMW!).

 

That's why I want a Supra now......If they're not banned then they'll be too expensive to run.

 

Too right, Josh! My friends scoff at my petrol consumption, but don't realise that if we don't have fun cars now, we'll NEVER have them again.

[Attero]

I'm not looking forward to renewal... although I think Adrian Flux are very personal. I reckon they may be able to sort a deal out over a trust factor. Possibility?

[Josh]

I'm always surprised that accident history doesn't affect insurance premiums more than it appears to.

 

Remember insurance still has to be more expensive for those people that drive desirable cars (for vandalism/theft claims) or self-igniting cars (like my BMW!).

 

 

 

Too right, Josh! My friends scoff at my petrol consumption, but don't realise that if we don't have fun cars now, we'll NEVER have them again.

 

Yeah, I want at least one fun, quick car before they're banned. I think it's a good time to do it now as I don't have any commitments

[Abz]

I'm always surprised that accident history doesn't affect insurance premiums more than it appears to.

 

Too right, Josh! My friends scoff at my petrol consumption, but don't realise that if we don't have fun cars now, we'll NEVER have them again.

Same here, you would think someone who has say 2 accidents of their own fault would be like a high penalty but it isn't.

 

I think mine does really well on fuel considering it is a 350 bhp beast, I had a RX8 which I used for a bit and that disgusting on fuel and not to mention oil. To put things into perspective, due to only really using the car at the weekend's I am only saying £10 over say having a diesel! I'd rather be £10 down and have a car which looks, drives fantastic. The amount of reaction I get is still pretty amazing! (Especially when I was in France!).

 

Yeah, I want at least one fun, quick car before they're banned. I think it's a good time to do it now as I don't have any commitments

I wish I brought my Supra earlier when I had no commitments! My wife loves it but looking after a family & 2 houses with a Supra is starting to get a little difficult!

[marbleapple]

The main reason for the rise .....companies are paying out £120 in personal injury claims. Blame the 'personal injury' claims.

 

LOL. I was waiting for a comment like that.

 

D&O and Personal Indemnity Insurance prices are also increasing (despite not covering personal injury). How do you explain that?

 

Personal Injury claims costs are being crushed with the introduction of new legislation now in force.... costs should be going down.

[Gaz6002]

LOL. I was waiting for a comment like that.

 

D&O and Personal Indemnity Insurance prices are also increasing (despite not covering personal injury). How do you explain that?

 

Personal Injury claims costs are being crushed with the introduction of new legislation now in force.... costs should be going down.

 

That's what the insurance specialist in the AA press office told me when I was writing the last of several stories I've written about the current insurance situation

[marbleapple]

That's what the insurance specialist in the AA press office told me when I was writing the last of several stories I've written about the current insurance situation

 

What would the AA press office know about personal injury claims?

 

Edit: Or insurance for that matter.

 

Edit 2: Didn't know you were a writer. Cool job?

[Gaz6002]

What would the AA press office know about personal injury claims?

 

Edit: Or insurance for that matter.

 

Edit 2: Didn't know you were a writer. Cool job?

 

Well they are an insurance broker, they sell it. Ian Crowder knows quite a lot about the industry, and is responsible for calculating mean insurance costs over the three types of motoring insurance over the whole industry. In fact, you might say he's somewhat of an oracle when it comes to motor insurance. Even the ABI listen to his facts and figures. He's the author of AA's British Insurance Premium Index release, which is the recognised release about industry averages.

 

Yeah, I'm had worse jobs

[ManwithSupra]

lol. Where would they actually get the money to pay out for your claim if nobody has had to pay for their insurance?!

Or do you mean that the rest of us should pay for insurance, but YOU shouldn't?!

 

First of all I didn’t say not to pay for insurance i said "If you don’t claim you should not have to pay again until you do"

And where did you get the idea that i didn’t want to pay for insurance?? I seem to remember saying "Still that’s no excuse not to pay for it" and "I’m all for insurance”.

 

Struggling to see where you made those conclusions.

[Snooze]

I'm just kidding with you, Richard!!!

 

It's just that: "If you don’t claim you should not have to pay again until you do" would mean that the motor insurance industry would run at an even bigger loss than it does today! All the insurers would close down and we'd end up having to have a nationalised (ie. tax-payer funded) 3rd-party cover system.

[stevie_b]

I was wondering this the other day; either way you look at it, Insurance is a service which you pay for in advance. I mean it does not serve you any purpose day to day that is until you need it (claim). So am i right in saying that under trading laws if you pay for something and you don’t receive the service or actually didnt need the service (like not claiming for a year) then really you should be entitled to that years money back?

 

I mean im all for insurance but if you dont claim you should not have to pay again until you do.

 

Nice try!

 

The insurance companies are providing, and delivering, a service even if you don't claim. The service in this case is "provision of car insurance". They provide the service which you then use, even if you don't claim. Claiming is just another part of the service which most people don't need to use. For those who don't claim, a service is still being provided by the insurer and consumed by you and I.

[Charlotte]

Personal Injury claims costs are being crushed with the introduction of new legislation now in force.... costs should be going down.

 

The 'expert' on watchdog last night blamed personal injury claims too. It's all relative. The current ecconomic crisis won't have helped either - the insurance industry have lost massive reserves of cash.

 

Besides, personal injury claims have been on the rise for years.

[tbourner]

Just saw a similar story on MSE-News, surely it's a vicious circle where more people will go un-insured and they'll just go up more?

 

Another problem that could be solved by mass genocide.

[Guigsy]

there should be an option on insurance not to be able to claim for personal injury. if you get injured in a car accident and its not your fault you should be sueing the driver of the vehicle not there insurance company.

 

why are car insurance companies getting involved in personal injury claims in the first place?

 

 

Im starting to think fully comp (which i have always had) is waste of time.

 

Did a bit of reading...

 

Third Party Fire and Theft (TPF&T) cover will pay for damage you do to someone else. It only covers damage you might do to property belonging to someone else, or the medical expenses for others you hurt in an accident. No damage you or your car might suffer in an accident is covered.

 

On the downside it leaves you with no safety net if your car is damaged in an accident. You would have to find the money for repairs, or a serious accident could leave you without a car altogether and having to find the money for a new one. (Thats fine, i have 2 cars, i have the money for repairs if its needed, i can look for my own parts rather than argue about the prices they get from toyota. And i want to be picky where i have my car repaired not just be forced with where the insurance company say)

 

It will also pay out for your own car, but only if damaged by fire or attempted theft, or if your car is actually stolen.

 

It's most often used for cheaper cars that, if insured with a Comprehensive policy, would likely be immediately 'written off' by an insurer after an accident rather than repaired. And whose low value would mean the insurer would pay out little cash after the excesses are taken into account. (This is the case with most supras, i was reading a thread the other day where a guy was handed a cheque form the insurance company for 2500 or so for his written off car. My car is easily worth 3x that but the book price is probably close to 3k. If i were to have an addicent and break bumper, headlights, bonnet and front wings the car would be written off as the new oem parts from toyota would be silly money.)

 

So think carefully about the value of your car, the extra cost of Comprehensive cover, and your own driving record, to decide whether you want to take that risk.

 

 

 

Think ill go TPFF next year. the only benefit comprehensive brings is windscreen cover and loan car and things like that. Should have looked into this before renewing a few months ago.

[marbleapple]

Nice try!

 

The insurance companies are providing, and delivering, a service even if you don't claim. The service in this case is "provision of car insurance". They provide the service which you then use, even if you don't claim. Claiming is just another part of the service which most people don't need to use. For those who don't claim, a service is still being provided by the insurer and consumed by you and I.

 

It's a contract of Insurance too. For your money they promise to provide cover if it is needed. You both contractually agree to enter into it and hence they can cancel if you breach the contract and arguably visa versa.

 

The 'expert' on watchdog last night blamed personal injury claims too. It's all relative. The current ecconomic crisis won't have helped either - the insurance industry have lost massive reserves of cash.

 

The economic climate means everyone is more litigious, including companies falling out over contracts and using their Prof Indem and Prof Liab cover. The indemnities on PI and PL matters outstrip personal injury awards by millions of pounds. - I just think it is too simply to blame personal injury claims... in my opinion the problem arises from all claims being brought and the Insurer seeking to maintain their profit margin (which they can only do be increasing premiums).

 

personal injury claims have been on the rise for years.

 

And so have Insurers profit margins.

 

there should be an option on insurance not to be able to claim for personal injury. if you get injured in a car accident and its not your fault you should be sueing the driver of the vehicle not there insurance company. why are car insurance companies getting involved in personal injury claims in the first place?

 

How would that work pal? How would you sue an 18 year old with no assets but his porn collection?

 

You get a guy with brain damage requiring 24 hour assistance due to some idiots driving. The assistance is either provided by the state or the insurer. Either way we pay. It was deemed sensible that the Insurer should cover the person rather than the state. Most sensible option. Legally I think they have to now too.

[marbleapple]

Duplicate

[tbourner]

Cars are getting safer and safer all the time, eventually I guess they won't crash, they'll always be able to stop in time in some way or another. For now there'll always be t-bones and stuff no matter how good the brakes are. Problem is with the increasing safety is massively increasing numbers!! See my earlier post.

[Abz]

Cars are getting safer and safer all the time, eventually I guess they won't crash, they'll always be able to stop in time in some way or another. For now there'll always be t-bones and stuff no matter how good the brakes are. Problem is with the increasing safety is massively increasing numbers!! See my earlier post.

Mass Genocide?

[tbourner]

Mass Genocide?

 

Exactly, it's the only thing that solves every problem we have in the world.

[stevie_b]

Cars are getting safer and safer all the time, eventually I guess they won't crash, they'll always be able to stop in time in some way or another. For now there'll always be t-bones and stuff no matter how good the brakes are. Problem is with the increasing safety is massively increasing numbers!! See my earlier post.

 

I'm going to sound like an old fart now, but I believe driving standards have got progressively worse over the last 10-15 years. I drive as if other cars have a bubble surrounding them that I try not to impinge upon. It equates to maintaining a decent distance between me and the vehicle in front, and not pulling out onto main roads when another vehicle is within a small number of seconds of where I want to be. A lot of other people don't seem to do the same, pulling out practically under the wheels of other traffic: when they do, they usually boot it away, but if their wheels don't grip properly or the conditions are slippery, or if the car has a misfire, then they'll be in bother.