Car Insurance is a joke

sporty1

Well i am 46 this year lady driver been driving 27 years? since i was 18 i have a 1.2 fiesta finesse (basic model) 2003
full no claims no covictions ,speeding etc clean licience,
My quote this year is £380 fully comp, other insurance companies other than and including comparison sites wanted over £400 the highest coming up at £789 which was not a comparison site
So i totally understand how you feel about insurance prices however there is nothing you can do about it if we want to drive our cars legally on the road (which most of us do i am sure ).
Good luck to you if you can find it cheaper £380 is the cheapest i can get)
sporty

balf

Quote wrote: »

Is the reason that most people are morons?

Do you think they are?

David.

oldagetraveller

I think it's an hilarious joke that my Fully Comp car insurance was £151 last year and the renewal from the existing insurer for the same vehicle and cover, this January, was £146 (full no claims for years). Which just shows it doesn't always rise and, for a change, an existing customer isn't pooped upon from a great height!

tripled

balf wrote: »

So I did a Gocompare and found a quote from AA £139.26 with green ticks against items such as legal assistance and personal accident. Any one with a brain would assume that that would be the price to pay. So transferred to the AA site and lo the price suddenly becomes £170 odd because all those ticks on Gocompare apparently were conveniently forgotten.

What a waste of time. Obviously the idea is to tempt you on to the insurers site and hope you either don't notice the rip off or are so p...d off you give up and accept.

Did you contact Gocompare to complain? If you didn't, how can they find the problem so your quote is accurate next time? Also they will often contact the insurer and try to push them into honouring the quote.

Incedently when I renewed a few months back, I got £300 fully comp + business use on a 2.1 TD Espace, under 30 with 4 years no claims. Perhaps they don't like the colour of your car, where you live or what you do for a living?

Quote

mikey72 wrote: »

Is that your professional view of your customers?

No, my professional view is completely different.

balf wrote: »

Do you think they are?

No, I know they are.

foggytown

Quote wrote: »

No, my professional view is completely different.

No, I know they are.

Of course your professional view is completely different. Wouldn't be good business practice to tell your customers what you really think of them, would it. Hypocrisy don't feed the family!

dogbot

tracy.john wrote: »

i am a 33 year man with 7 years no claims, no convictions or motor claims and my insurance renwal as gone up from £475 to £675 thats totally out of order and the cheapest quotes i have been getting are around £880.
insurance companys are allowed to make a profit but this is just ripping of the carefull drivers who pay the insurance.
maybe the people who do not have insurance should pay a fine to the court plus whatever the court decides, then a charge which should be equal to there insurance cost would have been. this should then be given to the insurance companies who have had to pay out because of uninsured drivers
instead of US

The issue is that they are NOT making a profit, hence the increases. There have been years and years where price rises that should have been seen to reflect claims costs have not gone in and they are now biting because the cushion on the other side - investment and cross sell income - has gone or is so substantialy diminished but claims and compliance costs continue to rise.

I and probably anyone else paying an insurance premium let alone working for an insurer could not agree more that the penalties on uninused drivers should be considerably higher - i like the idea of them having to pay the market premium! Levies currently go to the Motor Insurers Beureau who administer claims for uninsured drivers. This is an independent body to individual insurers.

movilogo

Do not rely too much on comparison sites. Each of them [eg confused, gocompare etc.] are owned by one insurance company or other. So, they will tend to show their own insurance as best deal for most people.

Speak with some well known insurer and you may get a cheaper price.

Also, it depends a lot where you live [postcode]. So, you can't really help. If possible, add your wife (even as learner) and it should reduce premium a bit.

dogbot

So, they will tend to show their own insurance as best deal for most people.

Well, that is just wrong - how or why would they do that? If it is a risk they are expensive for then chances are the risk is higher, so they would want another insurer to pick it up not themselves.

Each of them [eg confused, gocompare etc.] are owned by one insurance company or other.

No, they are not:

Compare the market:
The meerkat is owned by the large intermediary group BGL and not an insurance company http://www.bglgroup.co.uk/about/brands_and_products.php

Go-compare:
"Gocompare.com is an entirely independent business that is controlled and managed by its staff." from http://www.gocompare.com/about/

Confused:
Confused is owned by a sister company of EUI ltd (admiral) but not part of the insurance company business. This is the site with the largest potential link to an insurer, however regulators would expect there to be glass walls between the businesses http://www.confused.com/corporate/about-us

Money Supermarket:
MS are a PLC http://corporate.moneysupermarket.com/mony/company/about/

Tesco compare:
Owned by Tesco's of course, though they do own an insurance company, regulators would expect there to be glass walls between the two to prevent conflicts of interest and it is just not in Tesco's interest to screw the other insurers on the pannel.


Both of the sites owned by insurers earn their fee income though typicaly fixed comissions from the insurers or other companies who's products are listed - for EUI this provides a useful additional stream of non risk income so it seems counter intuitive they would want to be top of the pile all the time.

The reason prices vary is that the "quality" of business that comes though price comparison websites varys markedly - you get a lot of mis-information being fed though, deliberate fraud, people who don't understand what they are buying, people who are more likely to cancel or not renew and so on. There is also the fact that the fees are fairly high on a lot of policies - most are fixed so that makes the lower risk and cheaper premium quotes less profitable - the % of the total premium that has to be paid as a fee is higher.

The best moneysaving advise must remain - shop arround yes, and do so each year certainly, but do so for the best deal, not always the lowest price.

Fatenbread

Try Elephant - They were 30% cheaper than anything on gocompare and meerkat for my car insurance (32, male, ins group 19 car).

And try insuring 3P, fire and theft. Unless your fiesta is relatively new it is worth about £10 a tonne - why pay the extra premium for comp cover?

Also 27 year old male is not a good insurance risk...