Some people honestly don't deserve the cars they own

[Sandy]

If you cant afford the insurance dont do the conversion - simples, same goes for modifications. Sooner this gets clamped down on and hit hard the better, either through police or VOSA checks against insurance polices with cars not having the correct cover for the parts fitted getting crushed - might also be good to see the owners convicted of fraud and bummed a few times in the jail, think that would get the message across lol

 

[Kozy]

Yes, just what we need, more people in jail for trivial **** while the murders and rapists walk free because there's no space for them.

Good plan.

 

[Kozy]

and more so the companys themselfs being greedy cunts, as if millions a year profit isnt enough.....

Again, flawed argument, there is no profit in private vehicle insurance premiums.

I think the figure is something like £1.20 paid out for every £1 taken in premiums. Anyone that has made a claim for a bit of whiplash is to blame for this, not the underwriters.

 

[mld22]

Again, flawed argument, there is no profit in private vehicle insurance premiums.

I think the figure is something like £1.20 paid out for every £1 taken in premiums. Anyone that has made a claim for a bit of whiplash is to blame for this, not the underwriters.

BBC News - Insurer Admiral Group's record £127m half-year profit

Insurance companies make a fortune, half year profits of £127million. I don't think that is acceptable, and is taking advavntage of thousands of drivers
Surely this comes from private vehicles. They own at least 5 other car insurance companies and the comparison websites. They are taking the piss by making that much profit

 

[Sandy]

Yes, just what we need, more people in jail for trivial **** while the murders and rapists walk free because there's no space for them.

Good plan.

Perhaps what we need is to built a purpose built prison for them all then - perhaps on an island somewhere - just wonder where?

 

[Kozy]

"Admiral insurance group in 'Business makes money' shocker!!!"

It's a business, it's there to make money, nothing else. That report does not say that the profit is exclusively from insurance policies and I doubt very much it is, it even states in the article that the industry loses 20p of every pound taken as I stated earlier.

 

[mld22]

Where does the profit come from, they have soo many car insurance companies, i cannot see anything about private investment etc where they would be making soo much money???

 

[PADDYEK9]

You know his name and the plate on the car? If so go and grass him up to the police. He's committing insurance fraud and added to that he's the typical profile of someone who'll cause an accident doing someone a serious or fatal injury. Added to that he'll be pushing everyone elses premiums up.

Grass him up to the police?Are you serious?You are a SAD SAD man.

 

[Kozy]

Where does the profit come from, they have soo many car insurance companies, i cannot see anything about private investment etc where they would be making soo much money???

I do not know the ins and outs of their business model as I am not a shareholder, however the mere fact that they lose 20p in every pound would suggest that they have other investments besides their primary business in motor insurance.

Regardless of where the profit comes from, they are still a business and still exist to make money. If they were making actual losses, they would shut down, which means less competition and as a result means the remaining underwriters would raise their prices.

Profit isn't bad. Scamming insurance companies out of money you do not need is...

 

[skyinsurance]

BBC News - Insurer Admiral Group's record £127m half-year profit

Insurance companies make a fortune, half year profits of £127million. I don't think that is acceptable, and is taking advavntage of thousands of drivers
Surely this comes from private vehicles. They own at least 5 other car insurance companies and the comparison websites. They are taking the piss by making that much profit

I dont like defending insurance companies, I work for one company , I do not represent the industry as a whole, however, with regards to what you write above, the company named are one of the only insurers I know of who have made a profit in the last 12 months, the majority are seeing huge losses which has resulted in some pulling out of the private car market.

 

[jordan101]

the thread goes on and on and on and on and on........ lol

 

[skyinsurance]

689R hahahaha I loled, I honestly can believe how big this thread got 6 pages thats a record for me, credit where credit is due to barry and loonsta, even if you have alot of haters Loonsta

but I also hate paying "Loonsta" prices for insurence I made the mistake of insuring every nook and cranny now I'm paying just under 2k bad times....

I think the issue Loonsta has, is that he/she pays for a legitimate insurance policy with modifications declared and is fed up of seeing others bending the rules and either laughing about it or promoting it to others. I can understand that. I can also understand the other side, insurance prices are crippling for younger drivers in this country.

I stand by what I say though, if you cannot afford to insure the car correctly, you shouldn't be driving it.

When I was 17 I was paying £1300 to insure a car worth under £500 on a TPFT basis, this was in 1998. Things haven't changed that much.

Ollie
Sky Insurance

 

[skyinsurance]

the thread goes on and on and on and on and on........ lol

Indeed, it is always a hot topic.

Here is some food for thought:

BBC News - 'Suped-up' car in fatal Essex crash not insured

 

[mld22]

I do not know the ins and outs of their business model as I am not a shareholder, however the mere fact that they lose 20p in every pound would suggest that they have other investments besides their primary business in motor insurance.

Regardless of where the profit comes from, they are still a business and still exist to make money. If they were making actual losses, they would shut down, which means less competition and as a result means the remaining underwriters would raise their prices.

Profit isn't bad. Scamming insurance companies out of money you do not need is...

I have no problem with them making profits, i just thought that they were making these profits off my car insurance, something which i have no choice but to pay. If they are not then i suppose i can'ttake my argument up with them.

I still find it hard to believe that they are making a loss on every insurance policy. Surely they would drop out of the industry and stick with the side that is making them money. (maybe they use the car insurance money to invest or sothing similar though)

If it is all purely scammers that are causing the cost of insurance it is a joke. But with costs so high and a recession you are always going to get people making false whiplash claims.

The law needs changed in this case... a flat rate of insurance or something similar and an end to false claims...anything so i'm not paying a fortune

 

[Kozy]

They/we need to adopt the New Zealand method, third party health insurance is included in your national insurance contributions (or whatever their equivalent is) and actually having your motor insured is optional, and thus cheap.

Don't bother with it and it is no skin off anyones nose other than your own if you are involved in a crash.

That'll never happen here though as it involves change, and we Britons are afraid of change.

 

[mld22]

They/we need to adopt the New Zealand method, third party health insurance is included in your national insurance contributions (or whatever their equivalent is) and actually having your motor insured is optional, and thus cheap.

Don't bother with it and it is no skin off anyones nose other than your own if you are involved in a crash.

That'll never happen here though as it involves change, and we Britons are afraid of change.

Kozy for Prime Minister

 

[689R]

Perhaps what we need is to built a purpose built prison for them all then - perhaps on an island somewhere - just wonder where?

Are you just loonsta under another username?

 

[Barryl85]

I think the issue Loonsta has, is that he/she pays

Ha ha I lolled about Loonsta the tranny

for a legitimate insurance policy with modifications declared and is fed up of seeing others bending the rules and either laughing about it or promoting it to others. I can understand that. I can also understand the other side, insurance prices are crippling for younger drivers in this country.

Who was laughing or promoting it seriously - i'd love to see it quoted? I detect this post is heavily guided to me and yet I havent seen any one person in this thread laughing about the actual issue or promoting it.

I stand by what I say though, if you cannot afford to insure the car correctly, you shouldn't be driving it.

Yip we have all heard it and we all know what the law is no one is arguing about that. I would never insure a car without the modifications being undeclared again (even although all of mine bar the engine was). I was forever thinking what if...

When I was 17 I was paying £1300 to insure a car worth under £500 on a TPFT basis, this was in 1998. Things haven't changed that much.

When I was 17 I was paying £1500 for a £900 1.2 Renault sh1t box - that was in 2002.

Indeed, it is always a hot topic.

Here is some food for thought:

BBC News - 'Suped-up' car in fatal Essex crash not insured

The disgusting part is that their own insurance wont pay out a penny, why is the victims insurance not able to pay a dime? clearly they have been paying insurance for their own car - this is why its a scam your paying someone money for nothing.

 

[Loonsta]

They/we need to adopt the New Zealand method, third party health insurance is included in your national insurance contributions (or whatever their equivalent is) and actually having your motor insured is optional, and thus cheap.

Don't bother with it and it is no skin off anyones nose other than your own if you are involved in a crash.

That'll never happen here though as it involves change, and we Britons are afraid of change.

The issue with that is you are then penalising those who cannot or simply choose not to own a car and drive with an additional burden that those of use who are able bodied and financially able to choose to do.

something which i have no choice but to pay.

Playing devils advocate ALL of us on here could pay considerably less if we chose a low powered, low insurance group car. You don't have to have a car at all, or if you feel you cannot get through life without one you certainly do not need one that sits in a high insurance group. Blaming insurance companies because YOU chose a car which is costly to insure and YOU then chose to modify it knowing full well to do so legally would incur further costs is daft. I'm not singling you out by the way but it's something a few in here could do with taking onboard.

 

[Barryl85]

Playing devils advocate ALL of us on here could pay considerably less if we chose a low powered, low insurance group car. You don't have to have a car at all, or if you feel you cannot get through life without one you certainly do not need one that sits in a high insurance group. Blaming insurance companies because YOU chose a car which is costly to insure and YOU then chose to modify it knowing full well to do so legally would incur further costs is daft. I'm not singling you out by the way but it's something a few in here could do with taking onboard.

Absolutely everyone on here knows this, and no one is arguing against this point that keeps getting mentioned over and over and over.

What we can all see a trend in is that no one is happy about these so called mandatory fee's that are ridiculous - the industry is practically making more money from people who care about their car more.

All because of the idiots on the road who cannot drive - and blaming young guys is the industrys easy way out of everything.

If insurers werent making money by scamming young male drivers they would probably go out of business as no one else is stupid enough to pay it.