Motor Insurance :Buyer Beware.

SHIPSHAPE

Whatever happened to the days when you drove for the year of your insurance in the hope of not claiming to be rewarded with a lower premium the next year?

It just goes up regardless now. It's a con.

Pocket_the_lot

SHIPSHAPE wrote: »

Whatever happened to the days when you drove for the year of your insurance in the hope of not claiming to be rewarded with a lower premium the next year?

It just goes up regardless now. It's a con.

There are a variety of reasons for increased premiums:
Staged Car Accident Scam

http://www.safefromscams.co.uk/stagedaccidentscam.html


Referal fees although this is to be addressed:


Ban on referral fees seeks to curb rise in insurance costs

http://www.guardian.co.uk/money/2011/sep/09/ban-referal-fees-curb-rise-insurance-costs




some lawyers dispute that the compensation culture is fuelling increased premiums but it has been reported that there have been cases of doctors, garages and lawyers working together in these scams.

Hammyman

SHIPSHAPE wrote: »

Whatever happened to the days when you drove for the year of your insurance in the hope of not claiming to be rewarded with a lower premium the next year?

It just goes up regardless now. It's a con.

I'm paying the same as I was 3 years ago. I have to shop around more now but I'm not paying any more...

mikey72

Pocket_the_lot wrote: »

There are a variety of reasons for increased premiums:
Staged Car Accident Scam

http://www.safefromscams.co.uk/stagedaccidentscam.html


Referal fees although this is to be addressed:

Ban on referral fees seeks to curb rise in insurance costs

http://www.guardian.co.uk/money/2011/sep/09/ban-referal-fees-curb-rise-insurance-costs

some lawyers dispute that the compensation culture is fuelling increased premiums but it has been reported that there have been cases of doctors, garages and lawyers working together in these scams.

Admiral will record someting like £292 million profit this year, They made £18 million of commission from claim management companies, for selling our data on, to the very companies they blame for all their ills.
So I won't lose sleep over the reasons they give.