1 years "no claims" discount - but no discount?

Dangermac

mikey72 wrote: »

I would suggest they are.
They keep 27.5% of premium, they made £28.3 million on underwriting.
Why do you imagine they are not insurers?
I know you keep saying it, but I would like to know why you believe it is true?

Axa are a good example as well, they own 100% of Swiftcover, and the market is so lucrative they have just come back in with a direct online Axa branded car insurance.

But I would like the answer on why Admiral who still underwrite, aren't an insurer by your definition.
(And don't claim insurers have to keep 100% of risk, as we all know they offset risk, otherwise a major claim would finish them, or maybe you didn't?)

Your point is so misleading

Even if Admiral made £500,000,000,000 profit, it doesnt mean that the insurer who actually takes the risk made profit

mikey72

Dangermac wrote: »

I can assure you that Admital are not an insurer

Have a look at their web site


Admiral is the trading name of EUI Limited. Insurance is effected between EUI Limited and certain insurers as listed on your Certificate of Motor Insurance. Its registered number is 2686904 and its registered address is:
Capital Tower
Greyfriars Road
Cardiff
CF10 3AZ

As you have not actually said why you don't think an underwriter like Admiral isn't an insurer, but instead are turning into a pantomine with
"oh yes it is"
"oh no it isn't"
I think I should best quit now. No doubt you shall have the last word, but please make it something with more dignity than "oh no it isn't"

Dangermac

mikey72 wrote: »

As you have not actually said why you don't think an underwriter like Admiral isn't an insurer, but instead are turning into a pantomine with
"oh yes it is"
"oh no it isn't"
I think I should best quit now. No doubt you shall have the last word, but please make it something with more dignity than "oh no it isn't"

I have posted twice above, with extracts from their web site.

I didnt realise that I was posting for the benefit of someone that is as thick as pig [EMAIL="s@@t"]s@@t[/EMAIL]

mikey72

newfoundglory wrote: »

Actually, my post is slightly inaccurate... it assumes a 12 month policy and not 10.. so its actually about £620 vs £690 last time. Cheaper, by £70, but still not good enough IMHO - because I drive a Ka.

In fact, what I might do is take the 12 month policy instead... as i'm unlikely to save anything with the "bonus accelerator" given it will be the increase less 10% when I come the renewal in another 12 months time. Prices are sure to rise by at least 10% i would i think.

I have tried the insurance article - I already claim to be a civil servant, which is the cheapest in the category.

I have also tried un-quoted insurers like Direct Line, which was several hundred more.

I even had a great quote from the rather ironically named, wiser choice insurance which was... £18,748.04 (yes, thats right, almost 19 grand) and a £300 excess :eek:

Back on topic, have you tried
http://www.csis.co.uk/car-insurance/

been reported on here they have been good for some people.

mikey72

mikey72 wrote: »

As you have not actually said why you don't think an underwriter like Admiral isn't an insurer, but instead are turning into a pantomine with
"oh yes it is"
"oh no it isn't"
I think I should best quit now. No doubt you shall have the last word, but please make it something with more dignity than "oh no it isn't"

Dangermac wrote: »

I have posted twice above, with extracts from their web site.

I didnt realise that I was posting for the benefit of someone that is as thick as pig s@@t

Epic fail on that then. :rotfl::rotfl::rotfl:
(But I'm sure posting has been beneficial to you)

newfoundglory

Thanks, I will give it a go.

Actually, I have just had a quote from Aviva... and its actually cheaper than Admiral by about £35 a year AND only a £350 excess rather than 500 with Admiral.

To be honest, thats all I needed - I will just play them off against each other to get the price down now :beer:

mikey72

newfoundglory wrote: »

Thanks, I will give it a go.

Actually, I have just had a quote from Aviva... and its actually cheaper than Admiral by about £35 a year AND only a £350 excess rather than 500 with Admiral.

To be honest, thats all I needed - I will just play them off against each other to get the price down now :beer:

I think I'll be with CSIS next year, they quoted about 60% the premium of the next cheapest for me this year after seeing them on this website, but that was well after I'd already taken out the car insurance.