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Is there any logic to car insurance premiums?

Discussion in 'The Lounge' started by Bazarchie, Sep 7, 2017.

  1. PhotoEcosse

    PhotoEcosse Well-Known Member

    Spending 10 minutes on Confused.com to save £361 seems a somewhat better use of time than many other 10 minute slots in an average day. (or, to be fair, to the 10 minutes online on Monday, add another 10 minutes yesterday to scan the "proof of NCD" that arrived in the post from SAGA and upload the scan to my account with the new insurer.)
     
  2. Roger Hicks

    Roger Hicks Well-Known Member

    My insurances just don't cost me that much. Maybe French insurers are more honest than UK ones. Or maybe I just don't go for comprehensive insurance on new, fast-depreciating vehicles. The most expensive vehicle I insure is under £350 p.a.

    Cheers,

    R.
     
  3. Blurred Image

    Blurred Image Active Member

    For me good price is just either side of £300 but renewals often creep up each year to £500+ if I'm not careful that's before you take into consideration that they always take off some of the options I always have such as NCD protection.
     
  4. Roger Hicks

    Roger Hicks Well-Known Member

    Frances's Peugeot 309 costs us maybe £250 a year; sufficiently little that I can't remember how much. How much time am I going to waste in trying to drag that down by 10%? We also have a very good relationship with our insurers, which is worth money in its own right.

    Cheers,

    R.
     
  5. Maroon

    Maroon Active Member

    I change insurance company every year, it's always cheaper for me but funnily enough is usually always a company that is under the same parent company.
     
  6. Maroon

    Maroon Active Member

    Comprehensive insurance is quite a lot of the time cheaper than third party only.

    You are at the low end of insurance prices but for a lot of others, especially those in city centres, using a comparison site can save hundreds.
     
  7. Blurred Image

    Blurred Image Active Member

    Younger ppl, ppl living in higher risk areas, cars with higher repair costs, etc all make it worth shopping around. That's not the case for all.

    Put simply if you're happy with auto-renewals that's great but many if not the majority of ppl there's a benefit. Personally I'm of the opinion that even a saving of £50 is worth the effort. Better in my pocket afterall. However £50 is a lot for some ppl to lose, every pound is worth saving for them.

    I think the other factor is a lot find the insurance industry a bit of a minefield full of companies that leave you feeling conned. I have been conned by small print before and auto renewal made it worse. A insurance was a particularly bad case for us. Recovery bought at an add on in first car insurance year gets auto renewed separately to car insurance. However you still need to insure with AA to use it. The recovery renewal doesn't explain it and it's easy to only find out when stuck at the side of the main road. I've had other issues with the AA insurance too.
     
  8. RovingMike

    RovingMike Crucifixion's a doddle...

    There are only four big ones aren't there? Acromas being one.
     
  9. PeteRob

    PeteRob Well-Known Member

    I'm starting to get "offers" as the renewal date approaches. My current insurer's standard renewal quote is still quite a lot less than those trying to take my business although it is higher than last year.
     
  10. cliveva

    cliveva Well-Known Member

    It is a pain, and you need to use several comparison sites, but they do give you a ball park figure, so I ring the current provider, give them the opportunity to bring their price nearer to the best price, which by some magical means they end up achiving.
    Bit of effort, less cash spent.
     
  11. RovingMike

    RovingMike Crucifixion's a doddle...

    Until you hit the magic 70, then you find out who wants you and who doesn't. Your faithful regular insurer might spit you out like a rotten cherry.
     
  12. AGW

    AGW Well-Known Member

    Last it was up for renewal, we did check wit comparison sites and discovered that we were being over charged by about £350! We confronted our insurer and asked why. as a loyal long-standing customer they were over charging? They promptly matched the lower price. Inspired by this, we took the same approach to house insurance. Again we discovered that loyal customers are to be exploited not rewarded. This time we saved about £500.... only we did switch to get a better policy.

    Graeme
     
  13. swanseadave

    swanseadave Well-Known Member


    WTF does that have to do with car insurance premiums?:(
     
  14. Brian

    Brian Venerable Elder

    In spite of your claim re the honesty of French insurers, coupled with your claim of a special relationship, the figures you quote for a run of the mill mundane saloon car exceedingly expensive.

    My wife and I are both 77 years old, she owns a one year old Mini Cooper S convertible which has been re- mapped to just over 200 BHP,, yes she loves jumping lights :), I have a six month old Mazda MX5. She pays £280, mine is £190, both fully comp, both with Esure.

    I have been with Esure at least ten years, it might be longer. Every year we have a ritual, they send me a renewal, I check " Go compare" then ring them with their online new customer quote, they adjust accordingly.


    Your suggestion re buying a new car and insuring third party only is too silly to discuss.

    Now on the age related subject,

    Recently I had to hire a car, we had two relatives staying from Canada, we only have two seater cars,both of which have little luggage space. I approached several companies who put the telephone down when age was mentioned. Then I rang Hertz, no problem, we give an extra10% discount for older drivers.......go figure.
     
    Last edited: Sep 9, 2017
  15. IvorCamera

    IvorCamera Well-Known Member

    1. Oh by the way and further to my earlier post my car insurance went up by £15 I was happy wth that, I have had 2 big claims for accidents when other people have driven into the back of me once here and once in Eire.....part of my insurance is a bonus protection whether that helps I dont know and I dont ask.....next year I expect to rise again.
     
  16. Roger Hicks

    Roger Hicks Well-Known Member

    Dear Brian,

    Which may be why I didn't suggest it, If you're going to call someone silly it is often advisable not to look silly yourself.

    Cheers,

    R.
     
  17. Brian

    Brian Venerable Elder

    [QUOTE="Roger Hicks, post: 1456945, member: 20496 . Or maybe I just don't go for comprehensive insurance on new, fast-depreciating vehicles.

    Cheers,

    R.[/QUOTE]

    So you didn't write the above? Well sorry I thought you did. I might not be a genius but I would have thought your statement was quite clear. You are saying that you wouldn't go for fully comprehensive insurance on a new fast depreciating vehicle. So by implication you must be suggesting ithird party, you have to choose one or the other, or have you special status with the French authorities, a status not open to we mortals?

    Before calling people silly you should stop and think.

    By omission i take it that you agree my other comments re the rest of your post.
     
    Last edited: Sep 9, 2017
  18. LesleySM

    LesleySM Well-Known Member

    All insurance is illogical

    I don't drive but a few years back I looked into getting specialist insurance for my photo gear and the premiums for what was then a more modest kit than it is now were something like £25 a month.

    Looked around at GoCompare etc. I have home contents insurance from Zurich now that covers up to £2k of stuff outside the house against theft, damage etc. It has a £200 excess so I'd only be out of pocket if I carried kit worth more than £2,200.

    I have three camera bags and only one goes out . I only take what I need out the rest stays indoors apart from anything else I have a bad shoulder so I don't want to cart round anything I won't use. So I rarely carry enough kit to blow that limit.

    And on top obviously I have home contents insurance up to £40,000 (No individual item can be worth more than £8,000 unless I pay extra but I don't have any single item that comes anywhere near that figure), which is more than enough cover.

    Cost £7.52 per month
     
  19. Brian

    Brian Venerable Elder

    I agree Lesley, I gave upon separate photo insurance years ago.

    I'm always in two minds re insurance. I have in 77 years never made an insurance claim. Heaven alone knows how much I have paid out in premiums. Yes car insurance is legally required but the rest of it not sure apart from a decent house and contents with a bit of outside cover is the best policy........ha ha.
     
  20. PhotoEcosse

    PhotoEcosse Well-Known Member

    Actually you did suggest it.

    You may not have meant to suggest it and I think that I can work out what you might have meant to say. But a bit hard on Brian to accuse him of being silly because he read your words in the most obvious way.
     

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