howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
some eye watering figures on car insurance especially for the younger driver.
note also how premiums for women will rise shortly.
http://www.telegraph.co.uk/finance/personalfinance/insurance/motorinsurance/9024633/Average-car-insurance-premium-nears-1000.htmlGuest 686- Registered: 5 May 2009
- Posts: 556
Recently had a warning that IAM Surety will be increasing their premiums. Not a happy bunny, but at least I've got a few months before my renewals are due!
Phil West
If at first you don't succeed, use a BIGGER hammer!!
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Not wishing to be rude Phil, but you aren't a teenager - nor a woman driver either, so it shouldn't go up that much.
I'm sure you'll be searching round for the best offer - you could end up with a meerkat toy, you lucky man.
Roger
Guest 663- Registered: 20 Mar 2008
- Posts: 1,136
Oh no as if we do not payout enough already, looked on line for a good deal last time my insurance came up as my company wanted to charge a fortune, said i could fined it cheaper they soon came back with a quote to match.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i refuse to get involved with these dutch auctions.
if you try to get a quote on anything ranging from the various insurances through to currency exchange you get asked what quotes you have had.
that is acceptable in a north african soukh but not from a blue chip company here.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Actually Roger - premiums are generally going up a lot, not only motor either. My motor insurer was after around 25% more for no specific reason. In the end I managed to get the increase down to about 10% - a whole market comparison in my case did not get much off it either. I do suggest not to just accept the first quote, query it with the company AND get a broker to do a whole market search is what I would suggest. You will often find that to keep the business the original insurer will drop the premium which is what mine did.
There are all sorts of reasons for increases, generally arising from the trends in claims and an awful lot of insurance fraud.
Guest 670- Registered: 23 Apr 2008
- Posts: 573
I'd recommend obtaining a quote from the Coop Insurance, our 2 litre Peugeot diesel, with both my wife and I driving cost £257.oo against £275.00 last year. This includes full comprehensive insurance £50.00 excess and full breakdown cover.
When I searched for quotes on the price comparison websites some of the quotations were an absolute joke.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
"There are all sorts of reasons for increases, generally arising from the trends in claims and an awful lot of insurance fraud."
That must be right Barry...we hear that ALL the time, but also is not the money 'invested' here and there...wisely and not so?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I know what you mean about those Dave. They come up with some very odd results - far better to use a broker who knows what he is doing than a website.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Tom - of course it gets invested, it would be stupid to keep it under the Chief Exec's pillow... But the important thing is that this should not make a difference as investment in volatile equities is limited and they must always ensure they have access to sufficient cash reserves.
Further to the last comment, the same of course applies to life assurance premiums, but life cover rates are reducing to reflect mortality experience and longer lives. (No, do not mix that up with life cover that is investment linked, that's a poor way to insure your life and a poor way to invest... think endowment!)
Guest 670- Registered: 23 Apr 2008
- Posts: 573
Quite right Barry, I obtained my quote the old-fashioned way and consider I saved quite a lot of money, as the equivalent cover from a website was well over £300.oo per annum.
