MSE News: Car insurance rates to rise yet further as 'whiplash reforms' are scrapped

Legacy_userLegacy_user Forumite
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Car insurance rates could be put into overdrive following the decision to scrap plans to introduce 'whiplash reforms'...
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'Motor insurance rates expected to rise yet further as 'whiplash reforms' are axed'
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  • HornetSaverHornetSaver Forumite
    3.7K Posts
    1,000 Posts Fourth Anniversary Name Dropper Combo Breaker
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    I thought there was a unanimous consensus across the political spectrum that whiplash reforms should go ahead?

    If the Government can't sort this out with that kind of support, then the general election is a waste of time, as no majority will give them the numbers they actually need to do things.
  • PincherPincher
    6.6K Posts
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    Your phone already has all the essential components, you just need the right app to catch the whiplash pretender.

    You download and run the app in the back ground.
    The app has a list of "Most Wanted" people, with facial features data.

    When the app identifies a likely subject, it marks them out on-screen, discreetly. You can choose to keep the camera on them or walk on. The GPS and mobile location data proves where the video is captured. You hit transmit when you have Wi-Fi.

    This WHIPLASH REFORM could create a REWARD/BOUNTY system.
    The information you supply leads to the capture of wanted criminals in general, and you get a cut. The Metropolitan Police may pay peanuts for a burglar, but G4S could pay more for whiplash scammers, because the insurers can stop paying thousands a year.

    Sadly, there are nasty people who will deliberately target genuine whiplash victims, and try to trap them into looking able bodied.
  • OnanTheBarbarianOnanTheBarbarian Forumite
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    This article is just insurer propaganda.

    The whiplash reforms have just been halted, not scrapped. Hell even the ABI last week said they supported the halt on matters.

    Funny whiplash had disappeared from the headlines and the alleged reasons for premium increases once the insurers thought this was all tucked up and sorted for them. The reasons then being given were that it is more expensive to repair modern cars, investment returns are low and the change in the discount rate applied to victims of catastrophic injury claims. Now that there has been a halt on whiplash reforms, they are stirring the arguments up again with scaremongering about premium increases.

    Idiots like the AA man there lob out press releases as do the ABI and then sites like this regurgitate with the added hysteria of price rises, better go onto Moneysupermarket.com (who own MSE) and get a quote locked in and take out a new policy so we can earn a commission on the link.

    Tell me this MSE Callum - if the whiplash reforms (if they were originally going to be introduced in October 2018) are not going to happen by then, why would premiums even be affected now? How could an event that may or may not happen beyond the point in time any live policy would cease to exist have a factor on the ratings of what an insurer charges now?

    THESE ARE THE QUESTIONS MSE SHOULD BE ASKING THE INSURANCE INDUSTRY, NOT JUST REGURGITATING THE PRESS RELEASE BS YOU ARE SENT.

    PRETTY SHAMEFUL STUFF AND THE PROBLEM IS, THE MORE THAT SITES LIKE THIS AND THE CLUELESS MEDIA JUST RECYCLE THE INSURER PROPAGANDA, THE MORE PEOPLE BELIEVE THAT THE WHIPLASH REFORMS WILL SAVE THEM £40 OFF THEIR MOTOR INSURANCE.

    We know these savings will never be passed on and the Government have admitted nobody will track if this happens or not.

    GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR!
  • It does beg the question why insurance will be going up when costs have been going down. Surely the underwriting process already takes into account the risk of a PI claim being made.

    If so, the insurance at worst should stay the same (not reduce) rather than go up.
This discussion has been closed.
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