Car insurance - HOLY MOLY!
Car insurance - HOLY MOLY!
Sorry for bringing up what can only be described as the worlds most boring subject, known to mankind...
My first car (10 years ago) cost me £500 fully comp for a year.
10 years later, +10 years no claims bonus, living in the same area, almost the same car... my insurance quotes are £700 upwards.
What the duce?? Why is it getting more expensive even though I have never claimed and I'm 10 years older??
What benefits are there with getting older if my bloody car insurance goes up all the time...
I've been using the online comparison sites and calling various brokers to barter with them, no improvement on £700.
I'm depressed now
My first car (10 years ago) cost me £500 fully comp for a year.
10 years later, +10 years no claims bonus, living in the same area, almost the same car... my insurance quotes are £700 upwards.
What the duce?? Why is it getting more expensive even though I have never claimed and I'm 10 years older??
What benefits are there with getting older if my bloody car insurance goes up all the time...
I've been using the online comparison sites and calling various brokers to barter with them, no improvement on £700.
I'm depressed now
Jamie
Re: Car insurance - HOLY MOLY!
Because insurance is mandatory, they can charge whatever they want and we still have to pay them whether we like it or not
Slowly approaching the more bikes than birthdays achievement
Re: Car insurance - HOLY MOLY!
£500 in 2006 is approx equivalent to £675 today, so you're not being rewarded for your NCB & age, plus they are skimming more of the top from you.
http://inflation.stephenmorley.org
Nov 15 > Motorists face steep hikes to car cover next year as insurers look to boost profits > http://www.thisismoney.co.uk/money/cars ... -2016.html
http://inflation.stephenmorley.org
Nov 15 > Motorists face steep hikes to car cover next year as insurers look to boost profits > http://www.thisismoney.co.uk/money/cars ... -2016.html
Maybe little ol' Alresford behind its peaceful facade is a den of vehicular iniquity... Goodness knows what you'd need to pay if you lived in 'White City' Colchester!In October (2015), Confused.com said motorists are already paying on average £47 more than they did last year for car cover.
It said the average comprehensive car insurance premium rose by £29 to £629 in the three months to the end of September - a 4.8 per cent increase on the previous quarter which marked the biggest rise since the end of 2010.
Elderly drivers and those living in the West of England saw the biggest increases, according to the analysis provided by the comparison website.
Elsewhere, a hike in the rate of Insurance Premium Tax - the tax paid each time an insurance policy is purchased in the UK - increased from 6 per cent to 9.5 per cent at the start of the month, as announced in the summer Budget.
The ABI previously warned that the change is likely to add at £13 to the average comprehensive motor insurance policy, adding a further cost to cover.
The IPT increase is expected to bring in an additional £8.1billion for the Treasury by 2021.
Last edited by Wicky on Wed May 11, 2016 11:07 am, edited 1 time in total.
It may be that your whole purpose in life is simply to serve as a warning to others.
VTR Firestorm and other bikes t-shirts
VTR Firestorm and other bikes t-shirts
- StormyRob
- Posts: 1565
- Joined: Sat Nov 07, 2015 7:33 am
- Location: Northern Ireland. The place of legend
Re: Car insurance - HOLY MOLY!
The fact is there are still so many twats out there crashing with no insurance. Unfortunately this is built into premiums so drivers can be covered somewhat if they hit an uninsured driver.
The previous comment about then charging what they want is about right. It's like a cartel!
The previous comment about then charging what they want is about right. It's like a cartel!
If you don't try you never know if you can do it.
-
- Posts: 710
- Joined: Sat Jan 16, 2016 12:07 pm
- Location: Slough, Berkshire
Re: Car insurance - HOLY MOLY!
It is also what vehicle you drive and how many accidents other people in that same vehicle make and model have had. For example the Mrs got a quote on her Citroen C3 1.4 55 plate (winter car) and that worked out £25 pound more expensive than a quote for her Vauxhall Tigra 1.8 twin top on an 09 plate (summer car). The price difference between the 2 cars to replace is around £3000 the Vauxhall being the more expensive. When she enquired why the Tigra was cheaper she was told the above. I bet if you went for something less popular and not so out there it would be cheaper.
If it aint broke, get your bloody hands off it!
-
- Posts: 479
- Joined: Wed Apr 10, 2013 10:11 am
- Location: Rugby warickshire
Re: Car insurance - HOLY MOLY!
Christ what are u insuring
- alanfjones1411
- Posts: 2800
- Joined: Thu May 21, 2015 3:33 pm
- Location: watford
Re: Car insurance - HOLY MOLY!
Fully comp on my Jaguar X Type cost £310:00 through Be Wiser Insurance and i only have 4 years ncb. But i am 70 this year,so getting older does have advantages.The only downside is that i am limited to 5,000 miles per year,but i also have the Storm for local journeys so it's not really a problem.
SO WHEN DOES THIS OLD ENOUGH TO KNOW BETTER KICK IN
-
- Posts: 710
- Joined: Sat Jan 16, 2016 12:07 pm
- Location: Slough, Berkshire
Re: Car insurance - HOLY MOLY!
Not all policies have the not insured cover. Some companies will let you claim but it does go down as a fault accident and affect your NCB and your premium.StormyRob wrote:The fact is there are still so many twats out there crashing with no insurance. Unfortunately this is built into premiums so drivers can be covered somewhat if they hit an uninsured driver.
The previous comment about then charging what they want is about right. It's like a cartel!
If it aint broke, get your bloody hands off it!
- StormyRob
- Posts: 1565
- Joined: Sat Nov 07, 2015 7:33 am
- Location: Northern Ireland. The place of legend
Re: Car insurance - HOLY MOLY!
VTR Phoenix wrote:Not all policies have the not insured cover. Some companies will let you claim but it does go down as a fault accident and affect your NCB and your premium.StormyRob wrote:The fact is there are still so many twats out there crashing with no insurance. Unfortunately this is built into premiums so drivers can be covered somewhat if they hit an uninsured driver.
The previous comment about then charging what they want is about right. It's like a cartel!
To be fair the average premium only increases by about 30 quid die to this anyway.
We have a strange insurance culture here.
If you don't try you never know if you can do it.
- carmanbikes
- Posts: 894
- Joined: Sat Dec 22, 2012 11:09 am
- Location: Wigan
Re: Car insurance - HOLY MOLY!
The most expensive one I have come across was a 18 yr old lad who bought a Nissan Micra 1.0 for £2000 and he lived in Liverpool and just passed his test and the best quote he got was £12,200 He give back word on buying the car
Re: Car insurance - HOLY MOLY!
I do love the way young males are treated, I understand we're a higher risk category but they don't even try to identify if you're going to be any different as it cuts into their profits..carmanbikes wrote:The most expensive one I have come across was a 18 yr old lad who bought a Nissan Micra 1.0 for £2000 and he lived in Liverpool and just passed his test and the best quote he got was £12,200 He give back word on buying the car
Was looking at getting a car about a year ago and I was getting 3k + quotes for crappy 1.0 cars too..
I owned my Firestorm at the time, if I was really going to go out and be a boy racer it wouldn't be in a 10 year old fiesta But of course, they don't care because they don't want to know.
Slowly approaching the more bikes than birthdays achievement
- KermitLeFrog
- Posts: 1634
- Joined: Sat Apr 11, 2015 6:44 pm
- Location: Hexham
Re: Car insurance - HOLY MOLY!
Don't get too old. My Mother had insured with Saga for years. Never had a claim. Once she reached a certain age (can't remember what, 75?) they refused to insure her. Saga!alanfjones1411 wrote:Fully comp on my Jaguar X Type cost £310:00 through Be Wiser Insurance and i only have 4 years ncb. But i am 70 this year,so getting older does have advantages.The only downside is that i am limited to 5,000 miles per year,but i also have the Storm for local journeys so it's not really a problem.
Anyway, I insured the car and put her down as a named driver. Sorted.
"I spent a lot of money on booze, birds and fast cars. The rest I squandered" (George Best, RIP)
- Saintsman27
- Posts: 727
- Joined: Wed Nov 07, 2012 9:28 pm
- Location: St Helens , Merseyside
Re: Car insurance - HOLY MOLY!
Hey M8tey.....you must live in a heavily loaded Insurance area in Essex ... see what the press reports
and the Police in Essex think about the loony tune non compliant traffic Richard-heads in your neck of the
woods makes intresting reading ...
http://www.gazette-news.co.uk/news/1446 ... tatistics/
Some of them need taking out..... a Zorro masked avenger type or something ....to save cash you could reallocate to a quiet
little backwater somewhere though.... he he
and the Police in Essex think about the loony tune non compliant traffic Richard-heads in your neck of the
woods makes intresting reading ...
http://www.gazette-news.co.uk/news/1446 ... tatistics/
Some of them need taking out..... a Zorro masked avenger type or something ....to save cash you could reallocate to a quiet
little backwater somewhere though.... he he
- lloydie
- Posts: 20923
- Joined: Mon Jan 17, 2011 11:16 pm
- Location: In the garage somewhere in Coventry
Re: Car insurance - HOLY MOLY!
As I found out over the last week the prices fluctuate massively over a few days .
I was getting quotes from £900-1600 Saturday Sunday .
On Monday they were about £850 on Tuesday morning it dropped to £560 !
Using all the same comparison web sites .
Unless your in a rush to get riped off it pays to watch the market .
Today they are back up to 1k !!
I was getting quotes from £900-1600 Saturday Sunday .
On Monday they were about £850 on Tuesday morning it dropped to £560 !
Using all the same comparison web sites .
Unless your in a rush to get riped off it pays to watch the market .
Today they are back up to 1k !!