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Rant: Why is Car Insurance so expensive and forms so intrusive these days?
I am finding the process of getting car insurance extremely arduous and intrusive these days.
On average all the good car companies have their insurance at £1,000 or above.
I don't have a fancy car nor do I have any motoring convictions, never made any claims and I don't live in a dump-hole yet it is high.
On top of that they ask fairly intrusive questions in those long forms, I know it's meant to help them adjust the price (supposedly) but so much of it is un-necessary.
I missed my renewal date by 1 days and the difference between renewal quote and now a new one is £350. Insane.
These insurance companies seem to be price fixing.
On average all the good car companies have their insurance at £1,000 or above.
I don't have a fancy car nor do I have any motoring convictions, never made any claims and I don't live in a dump-hole yet it is high.
On top of that they ask fairly intrusive questions in those long forms, I know it's meant to help them adjust the price (supposedly) but so much of it is un-necessary.
I missed my renewal date by 1 days and the difference between renewal quote and now a new one is £350. Insane.
These insurance companies seem to be price fixing.
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I am finding the process of getting car insurance extremely arduous and intrusive these days.
On average all the good car companies have their insurance at £1,000 or above.
I don't have a fancy car nor do I have any motoring convictions, never made any claims and I don't live in a dump-hole yet it is high.
On top of that they ask fairly intrusive questions in those long forms, I know it's meant to help them adjust the price (supposedly) but so much of it is un-necessary.
I missed my renewal date by 1 days and the difference between renewal quote and now a new one is £350. Insane.
These insurance companies seem to be price fixing.
Which questions do you find intrusive?0 -
I am finding the process of getting car insurance extremely arduous and intrusive these days.
On average all the good car companies have their insurance at £1,000 or above.
I don't have a fancy car nor do I have any motoring convictions, never made any claims and I don't live in a dump-hole yet it is high.
On top of that they ask fairly intrusive questions in those long forms, I know it's meant to help them adjust the price (supposedly) but so much of it is un-necessary.
I missed my renewal date by 1 days and the difference between renewal quote and now a new one is £350. Insane.
These insurance companies seem to be price fixing.
Why do you think there is price fixing?
Every time I get a quote there are dozens of companies with prices varying by upwards of 100%. (I pay £430-ish currently but some quoted £900+).
It's actually one of the most competitive markets in the UK. Can you think of anything else you buy where there are so many potential suppliers and varying prices?0 -
Why do you think there is price fixing?
Every time I get a quote there are dozens of companies with prices varying by upwards of 100%. (I pay £430-ish currently but some quoted £900+).
It's actually one of the most competitive markets in the UK. Can you think of anything else you buy where there are so many potential suppliers and varying prices?
Ouch, that's more than twice what I pay.0 -
It is to our advantage they ask questions..... they ask fairly intrusive questions in those long forms, I know it's meant to help them adjust the price (supposedly) but so much of it is un-necessary....
Previously it was up to us to volunteer anything that was relevant to getting the cover (and they could reject claims if something was considered relevant that hadn't been disclosed to them - "utmost good faith")
Now we don't have to worry about what we should tell them - they must ask us the questions they consider relevant, and we do not need tell them anything else at all, and as long as you answer truthfully they cannot accuse you of deliberately withholding anything to get a cheaper premium, and cannot use something else they find out about you against you (if they never asked in the first place)0 -
I am finding the process of getting car insurance extremely arduous and intrusive these days.
On average all the good car companies have their insurance at £1,000 or above.
I don't have a fancy car nor do I have any motoring convictions, never made any claims and I don't live in a dump-hole yet it is high.
On top of that they ask fairly intrusive questions in those long forms, I know it's meant to help them adjust the price (supposedly) but so much of it is un-necessary.
I missed my renewal date by 1 days and the difference between renewal quote and now a new one is £350. Insane.
These insurance companies seem to be price fixing.
You are probably young.
I'm old and drive a modified fancy car and pay around 200 quid all mods declared. I have just renewed the insurance on my modified 4x4 at just over £100 fully comp.0 -
Gloomendoom wrote: »You are probably young.
And from previous posts, he might not live in a "dump-hole" but he does live in London.0 -
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Intrusive questions? Not had one ask my sexual orientation or preferences or sexual deviants yet.
Give them time
Censorship Reigns Supreme in Troll City...0 -
I missed my renewal date by 1 days and the difference between renewal quote and now a new one is £350. Insane.
You'll very often find that a quote for "now" is a lot higher than one for a couple of weeks in the future, even from the same company. I assume it's because they know you need it so are less inclined to be competitive at short notice.Every time I get a quote there are dozens of companies with prices varying by upwards of 100%. (I pay £430-ish currently but some quoted £900+).
It's actually one of the most competitive markets in the UK. Can you think of anything else you buy where there are so many potential suppliers and varying prices?
If you look closer you'll see that an awful lot of that apparent competition is illusion. The mainstream market consists of about 20 actual companies trading under multiple names each.
This little list, for example, are ALL trading names owned by RBS group:
U K Insurance Limited
ATS Euromaster Motor Insurance
BMW Fleet Insurance
BMW Insurance
Churchill Car Insurance
Churchill Home Insurance
Churchill Insurance
Churchill Insurance policies
Churchill Van Insurance
Citroen Insurance
Direct Line Car Insurance
Direct Line Commercial Vehicle Insurance
Direct Line Van Insurance
Egg Insurance
Green Flag Motoring Assistance
Lombard
Lombard Direct Motor Insurance
MBNA Car Insurance
MINI Cover
MINI Insurance
Mint Insurance
National Insurance and Guarantee Corporation
Nationwide Car Insurance
Natwest Fleet Insurance
Natwest Insurance
NIG
NIG Insurance
Peugeot Insurance
Privilege
Privilege Car Insurance
Privilege Insurance
Privilege Insurance policies
Privilege Motor Insurance
Privilege Plus
Prudential Car Insurance
Royal Bank Insurance
Royal Bank of Scotland Fleet Insurance
Royal London Motor Insurance
Sainsbury’s Car Insurance
Sainsbury’s Premier Car Insurance
The National Insurance and Guarantee Corporation
Yourcar Insurance0
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