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Car insurance gobshites

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If you live near what Top Gear would call "one of Britain's greatest driving roads", you will get a great deal on your car insurance. Living in those areas means you stand a greater chance of having power cuts. Then all that money saved will have to be spent on building a generator that runs on pigshit. Go compare.

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Haha, mine just tried to get £940.70 for the year, I don't bloody think so.

 

Waiting on a call back after telling them swift cover offered me the same deal without RAC/AA (via quidco will cost me around £40) for £626.

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Mines just gone up by £400 and nothing has changed since I last renewed it. I believe they are saying it is because of the number of uninsured drivers on the road. Nice way to boost the ol' profits and make more people less likely to get insurance.

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I know there's this idea that you get dicked on insurance, but it really isn't the case.

 

If you have a crash with no injuries, average damage cost (for both vehicles) will be about three grand. If someone claims whiplash, reserves go up by a further six grand per person. If there's credit hire you can easily add another fifteen hundred quid to that, too.

 

On top of that, no insurer makes their profits from premiums - if that was the business model, they'd operate at a huge loss. The money is made by taking premiums and investing them in financial markets.

 

But five-hundred quid a year for insurance isn't that much in this day and age, given that if you were to go into the back of a moderately priced Audi or something on the road and give two people whiplash, your costs could easily exceed 10k - and that's only for a minor incident. Some claims can cost in the millions.

 

It's one of those things. If you never have a crash, it feels like you're getting screwed. But in reality if you ever do, you're probably looking at recouping many years of premiums.

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Most motor insurers are making a loss on their motor book and have had to inject extra funds into their reseves -therefore premiums are increasing -it's actually better to move insurer as your current insurer will quote low to get you and hope you will show loyalty and stay or just hope you cant be arsed to move.

 

As ive said before you need to be speaking to call centres rather than comparison sites - the call centre bods have targetsto achieve and managers can shave some premium to catch new business.

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