these threads always go the same way 
Thinking about not declaring your modifications?
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Thinking about not declaring your modifications?
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True. My issue with the whole insurance system is that the Government have made it a legal requirement for you to have insurance through a private company. In other words they are giving these companies the right to print money.
If there was better control by the government then there would have been an overhaul years ago. Its unfair to expect young people to pay huge costs. Innocent until proven guilty. Cheaper insurance until proven an insurance liability - on a case by case basis - not by sex or age which is as obvious a case of sexual/age discrimination as there could ever be. Imagine if a company stopped employing women as they were found to be less able to do the job as a man!
Before people mis-understand I know we need insurance, and suggest to everyone to get it all declared - but that doesn't mean its fair.
If there was better control by the government then there would have been an overhaul years ago. Its unfair to expect young people to pay huge costs. Innocent until proven guilty. Cheaper insurance until proven an insurance liability - on a case by case basis - not by sex or age which is as obvious a case of sexual/age discrimination as there could ever be. Imagine if a company stopped employing women as they were found to be less able to do the job as a man!
Before people mis-understand I know we need insurance, and suggest to everyone to get it all declared - but that doesn't mean its fair.
Hellcats the man :slayer: :worship: :worship: :slayer:
:worship: :slayer:
Hellcat said:
The Idea of a public companies is to increase competition, and drive down the market price of the product. Personally I think allowing private organisations sell insurance is fine, however, there is a basic rule to business, and that is "the price is whatever the customer is prepared to pay". Because everybody who owns a car is required to buy insurance the market is artificially inflated, because there are so many consumers, and a practically infinite amount of product. What needs to happen is for a regulatory body to rule on the value for money the customer gets, assess the risk rating system of the insurers and regulate the brokerage industry more. Regulation should be a government organisation, the Insurance Standards Council and the FSA currently share this regulation I believe and thus they should be merged to provide complete coverage of the whole industry.
But this is all way off topic. I've said it before, and I'll say it again: They make the rules and you have to play by them. If you want to see lower prices, shop around, make sure you know what you're buying, and if you're really not happy write to the ISC the insurance industry ombudsman, and have them investigate your case.
Alex said:
True to an Extent, People are willing to pay excessive prices for brand name electronics of clothing.
But people have no choice when it comes to something you MUST have when you own a car.
You could shop around till your phone broke down and your browser stopped browsing. People in certain categories will never find a resonable price because of either their age, sex or where they live. A portion of all these people are very well behaved and can drive a car with great dicipline and skill yet they are discriminated against because of the above.
Alex said:
We don't have to do anything.
Alex said:
If you have this address please write it down in a stickey, if you don't find it I will and I'll post it in this section and I'll write to them myself.
Write to your MP. They're earning enough so about time they did some work.
Explain that you cannot get a reasonable quote, and you think that it is unfair since it is required by law to have yet you are discriminated against on the grounds of sex/age. Suggest some way of having equal cost insurance until you either have a bump/get a motoring conviction. Mention that people are willing to avoid stopping for accidents, declaring mods or getting insurance at all due to restrictive price. Tell them 200 pound fine for no insurance is stupid when insurance costs over 1000 for many people.
Sit back and wait for interesting letter on fancy paper.
Explain that you cannot get a reasonable quote, and you think that it is unfair since it is required by law to have yet you are discriminated against on the grounds of sex/age. Suggest some way of having equal cost insurance until you either have a bump/get a motoring conviction. Mention that people are willing to avoid stopping for accidents, declaring mods or getting insurance at all due to restrictive price. Tell them 200 pound fine for no insurance is stupid when insurance costs over 1000 for many people.
Sit back and wait for interesting letter on fancy paper.
Trancendental said:
Splendid idea:
The insurance standards council no longer exists apparently, and everything is conrolled by the FSA... which I think is a good move and addresses the point I made earlier. So the Financial Services Ombudsman details are:
Post
Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London E14 9SR
Phone
0845 080 1800
[email protected]
Trancendental said:
Alex said:
Does that mean I get to become an Insurance Thread Moderator?
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We already got one
Alex said:No, but if you're good, I'll still let you view the forum
LOOOL
Deeep Blud!
Funny thing. I have a friend who works for a budgeting regulations body within an insurance company. and the losses the companies take are immense.
He was saying that due to the number of people uninsured, and the amount of insurance fraud, and the amount of payout for people claiming damages... the "risk" age groups and risk sections of the public are charged these overheads.
Simply, anyone in the risk area foots the bill for the rest of the populations inability to keep a car on the road...
He was saying that due to the number of people uninsured, and the amount of insurance fraud, and the amount of payout for people claiming damages... the "risk" age groups and risk sections of the public are charged these overheads.
Simply, anyone in the risk area foots the bill for the rest of the populations inability to keep a car on the road...
You mean the young+males are paying lots in order to keep premiums lower for older+female drivers. Even to the point that they pay more than their risk suggests they should?
Statistics show why they charge young males more than older females etc. they don't pluck the figures out of nowhere. Some of the mathematicians sit down and work out how they can make profit given the insured risks.
When will they start loading insurance by race? religion? The stats are availabe to them...
Why should older people be able to have bumps and keep their no-claims and cheap policys, at the expence of young drivers like myself who have not been involved in fault claims?
I bet there arn't many young males on the management panels of insurance companies. Female quotes are kept low to keep their secretarys happy.
Loads of sweeping generalisations there but hey! Its an internet forum!
Why should older people be able to have bumps and keep their no-claims and cheap policys, at the expence of young drivers like myself who have not been involved in fault claims?
I bet there arn't many young males on the management panels of insurance companies. Female quotes are kept low to keep their secretarys happy.
Loads of sweeping generalisations there but hey! Its an internet forum!
because we so old we already paid out loads of dolla when we were young just like you areHellcat said:
Seraph said:
There is a direct relation between the cost of insurance and why people don't pay insurance.
The Negotiator said:
More then 50% of all statistics consist of made up statistics or incorrect results, fact!
Insurance should not be about making a profit, it should be about making sure people don't feel the need to break the law.
Hellcat said:
dave said:because we so old we already paid out loads of dolla when we were young just like you are
Which is why everyone should pay the same cheap amount until they have an accident, after all, fair is fair.
You shouldn't be able to force people to buy products from people who will make profit from it. Insurance companies should be non-profit organisations like Network Rail.
Car insurance is essentially demanding money with menaces. As is speed camera fixed penalties. (pay up now with no evidence against you, or it will cost more if you were speeding)
Turboned your opinion? Although you might not be allowed to say!
Actually I think car insurance is more like racketeering?
Car insurance is essentially demanding money with menaces. As is speed camera fixed penalties. (pay up now with no evidence against you, or it will cost more if you were speeding)
Turboned your opinion? Although you might not be allowed to say!
Actually I think car insurance is more like racketeering?
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