Mudcat Café Message Lyrics & Knowledge Personal Pages Record Shop Auction Links Radio & Media Kids Membership Help
The Mudcat Cafeawe



User Name Thread Name Subject Posted
GUEST,Rev Bayes BS: Car insurance confusion (38) RE: BS: Car insurance confusion 21 Dec 12


Ooh, my line of work.

Just so y'all know, motor insurance in the UK is unprofitable as an industry and has been for several years and at the rate it's going, probably will be for a while. Insurers pay more in claims than they take in, mostly due to (a) young idiots and (b) liability settlements getting larger and larger.

The reason companies sometimes quote silly premiums is they want to balance the policyholders by age, sex, claims history, etc. If you fall into a group they don't want to take on more exposure to, you get the silly numbers. It's not personal, even if it feels like it.

Not every company can tailor their policies to you. If you're a company director that pootles down to the shops once a week, sorry, but you're an unusual company director and some companies will charge you an unfair premium for it.

Third party only cover is, for some risk classes, as expensive or even more expensive than fire & theft and occasionally even comp, the reason being that the kind of person willing to risk only being partly covered is more likely to crash.

Best tip is to use the comparison sites, but then phone round a few companies - especially Direct Line - and tell them what quotes you've got. And don't lie. Insurers want to pay valid claims but there is so much fraud out there that they have to cover their backs aggressively.


Post to this Thread -

Back to the Main Forum Page

By clicking on the User Name, you will requery the forum for that user. You will see everything that he or she has posted with that Mudcat name.

By clicking on the Thread Name, you will be sent to the Forum on that thread as if you selected it from the main Mudcat Forum page.

By clicking on the Subject, you will also go to the thread as if you selected it from the original Forum page, but also go directly to that particular message.

By clicking on the Date (Posted), you will dig out every message posted that day.

Try it all, you will see.