Flipping Insurance Industry
Scooby Regular
Joined: Oct 2004
Posts: 478
Likes: 0
Rubbish you run an online quote and amend the NCB you'll see the price change NCB discount can range from 10/15% off the base rate.
He was just fobbing you off.
Not having a go at you but p1sses me right off getting insurance in the BD postcode. Insurance companies are more than happy to tar everyone in this postcode with the same brush..!! Even though I have full no claims / vat registered business etc etc year on year I struggle to even get a quote for trade insurance.
Now trying to get a classic agreed value on my 22B and they basically as good as say no chance ! Thats 2 today alone from Footman James / Adrian Flux. Then they wonder why so many people drive without insurance !
Now trying to get a classic agreed value on my 22B and they basically as good as say no chance ! Thats 2 today alone from Footman James / Adrian Flux. Then they wonder why so many people drive without insurance !
Scooby Regular
Joined: Mar 2010
Posts: 10,329
Likes: 0
Not having a go at you but p1sses me right off getting insurance in the BD postcode. Insurance companies are more than happy to tar everyone in this postcode with the same brush..!! Even though I have full no claims / vat registered business etc etc year on year I struggle to even get a quote for trade insurance.
Now trying to get a classic agreed value on my 22B and they basically as good as say no chance ! Thats 2 today alone from Footman James / Adrian Flux. Then they wonder why so many people drive without insurance !
Now trying to get a classic agreed value on my 22B and they basically as good as say no chance ! Thats 2 today alone from Footman James / Adrian Flux. Then they wonder why so many people drive without insurance !
M = More.
Scooby Regular
Joined: Mar 2010
Posts: 10,329
Likes: 0
that's the thing though, insurers don't want us to stop making PI claims as insurers make soo much money out of them, they're happy to let them run. same as hire charges, and parts bills. you claim its down to the consumer but in reality its not, you claim loads in parts bills your end but when it comes to giving the green light for any repair work at the insurance approved repair center you try and cut the bill cost and save as much as possible, I know this 100% as I work in one and also have to deal with PI claims on occasion. Its greedy insurers making a mint, I know first hand that most of the money made from PI's and accidents goes between insurers and claim accident management companies, the body shop at best gets the referral fee and a bit of storage, the rest is split between the above. 
Most insurers might make 3p profit for each £1 of premium that they charge (if they're lucky) so it's not like they are raking it in. It's the solicitors that are the problem as well as the general public - people wanting 'free' money. It's no different to the ppi claims scandal, 90% of those who took out ppi knew what they were doing but then claimed to have been duped to get back a few £100's or £1000's in compensation.
How exactly do insurers make 'a mint' from pi claims? It costs them money to pay the claim and they get nothing back.
Most insurers might make 3p profit for each £1 of premium that they charge (if they're lucky) so it's not like they are raking it in. It's the solicitors that are the problem as well as the general public - people wanting 'free' money. It's no different to the ppi claims scandal, 90% of those who took out ppi knew what they were doing but then claimed to have been duped to get back a few £100's or £1000's in compensation.
Most insurers might make 3p profit for each £1 of premium that they charge (if they're lucky) so it's not like they are raking it in. It's the solicitors that are the problem as well as the general public - people wanting 'free' money. It's no different to the ppi claims scandal, 90% of those who took out ppi knew what they were doing but then claimed to have been duped to get back a few £100's or £1000's in compensation.
Now think about it the other way round, when theyre the ones claiming
Last edited by gazzawrx; Feb 15, 2017 at 06:29 PM.
I'm a named driver and she has 3 years NCB.
Leafy rural Warwickshire probably helps.
Scooby Regular
Joined: Nov 2003
Posts: 46,493
Likes: 13
From: riding the crest of a wave ...
In case anyone here in Uk were STILL labouring under the delusion staying loyal to any provider might benefit them ...
https://www.theguardian.com/money/20...r-charity-says
https://www.theguardian.com/money/20...r-charity-says
They're all chancers.
I got my car renewal quote through from LV - £525, which was £20 more expensive then last year.
As I do every year, I do some comparisons to see what else is available.
LV come close to the top of the list at £330 - exactly same cover, I choose to proceed to the insurers website from the comparison site, I see two questions which I select yes to (Parking sensors and autonomous emergency braking), price drops to £305.
I got my car renewal quote through from LV - £525, which was £20 more expensive then last year.
As I do every year, I do some comparisons to see what else is available.
LV come close to the top of the list at £330 - exactly same cover, I choose to proceed to the insurers website from the comparison site, I see two questions which I select yes to (Parking sensors and autonomous emergency braking), price drops to £305.
