Quote:
Originally Posted by Less
IMO you perhaps work for some insurance company, you do tend to give a great deal of advice etc, so far as insurance is concerned.
But I must admit, I would rather be sat in a car that my friend had taken the bother to insure than risk something illegal.
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I may have dealings with insurance companies.
Quote:
Originally Posted by chav1
all i am saying is that insurance companies are a rip off and get away with it because you have to have it by law.
many people pay more for their insurance than what their car is worth and teh excuse given by insurance companies is that its not what you are driving but what you may hit , well excuse me but i dont see many ferraris driving around the place and not all drivers have accidents
considering how many cars are on the road its only a small percentage that have accidents or get stolen so yes insurance companies are on a dead cert winner from the start
when i moved to my new house my insurance jumped up £100 because of my postcode yet the area is no better or worse than my previous home and to top it off the biggest crime around here is burgulary which should not effect my car insurance because obvioulsy if i am been burgled then i aint at home which means my car isnt either and i definatly dont keep my car in teh kitchen
yes everyone should have insurance but insurance companies should be more accountable and more strictly regulated
if insurance companies wernt just out to screw money out of you why do we have to shop around so much rather than stick with the same company , only the other week somone posted that their policy didnt go down infact it had gone up despite no accidents or anything yet another company gave them cheaper , if they think they can get away with it they wont reward you
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If you had the choice of not having insurance, but you would pay all the costs of any road accident you caused, and stand any damage,theft to your vehicle, would you?
An example of lets say a large road traffic accident, the one where the driver fell asleep and caused the train accident, the insurer for that vehicle alone (IIRC) had to pay over £20.000.000. I wonder how much his premium was for the vehicle.
I do agree with the postcode change charge thing being silly you can move to a 'better' area and be charged for the privalege, a lot of companies will also charge a 'administration fee' for this 1 min job.
And insurance companies are regulated by the FSA.