Thats interesting. I did wonder why the insurance companies entertained these parasitic barstewards. We need a list of who is who and then boycott the insurers who follow this sharp practice.
goldenii68
Active Member
I changed up from a C200 to a C230 Sport Kompressor this month, I renewed the insurance on the C200 last month and was paying £470.00, I had a qoute from my insurer of £1200.00 for my new car so shopped around and went to go with another insurer for £779.00, after much bartering my insurer matched what I was offered and came in about £5.00 cheaper, it pays to shop around, you will get a much better deal and may even save yourself some money.
Burger
Active Member
- Joined
- Sep 13, 2010
- Messages
- 862
- Car
- 2007 SL (R230)
That'll be all of them then.
D
Deleted member 37751
Guest
I'm sorry, but you are being naive.
Wherever there is money, there will be sharks and the insurance sector is full of them, think of them as junior bankers if you will....
It is related to the world financial market because of the profits involved, there is too much money to be made for private equity firms...
And the point you make about revenue has to exceed cost, yes, you are correct, but don't fall for the hardship line; this is a risk & reward business. They supply nothing but a piece of paper that covers you to drive etc then when it comes to paying out they wriggle and squirm in everyway possible to not pay out. It is a legalised scam to me.
Nothing but a bunch of shysters & spivs.
Last edited by a moderator:
I'm sorry, but you are being naive.
Wherever there is money, there will be sharks and the insurance sector is full of them, think of them as junior bankers if you will....
It is related to the world financial market because of the profits involved, there is too much money to be made for private equity firms...
And the point you make about revenue has to exceed cost, yes, you are correct, but don't fall for the hardship line; this is a risk & reward business. They supply nothing but a piece of paper that covers you to drive etc then when it comes to paying out they wriggle and squirm in everyway possible to not pay out. It is a legalised scam to me.
Nothing but a bunch of shysters & spivs.
Sorry but there is one thing I am NOT and that is naive so please with respect stop accusing me of being that.
It sounds like I have had a different experience but maybe that comes down to not selecting the cheapest premiums. I have had to make two claims in recent years; one with M+S home insurance - absolute no quibble immediate payment - over £2k. Second was car insurance claim with LV - again instant settlement + repairer of my choice.
Maybe there are some spivvy companies out there and some that wriggle out of anything but there is PLENTY of competition to keep the prices in check and the mainstream companies (in my expereince) stand by their word.
It may be a "risk and reward" business; by definition that is what insurance is - but business is still about making money - it is that simple - "risk and reward" does not create a fundamentally different business model where they can rip everyone off - it is lack of competition and or cartels that create that ability for companies. Maybe that does exist I dont know but I suspect that higher premiums are being driven by higher £££ claims and there is little more sinister or smart or spivvy than that.
I accept that there may be some spivvy insurance companies like there are spivvy builders and double glazing salesmen - and I suppose if you choose the premium that is 50% lower than the next lowest and it is from some unknown company like "Grabbit Fox and Stoat Insurers Ltd" of PO box 42 Contown then you have got what you deserve coming to you.
There are also many many insurers that have been trading for hundreds of years and I would be VERY interested to find out which of those are predominantly in the hands of private equity funds (even if they are quoted stocks) and I would also be very interested to find out which of them also have an interest in the accident mgt companies - because I think that they are the real villains in the rising premiums.
BTW LV did not push me or point me in the direction of one of these companies.
Final point - sounds like you have had a bad experience and you think insurance is a legalised scam - well think about a world without insurance - you shoulder all that risk yourself. Where would that leave you? Worth thinking about.
Another vote for Admiral Multi-car - wife and I have our cars together. Seperate policy though and seperate no claims etc...
Saved about £200 a year -- although my renewal was a little more this year at £305. Not too bad for a 1 year old merc..
Saved about £200 a year -- although my renewal was a little more this year at £305. Not too bad for a 1 year old merc..
Yup, not looking forward to mine at the end of Feb! Used to be about £400, then went up to £550 thanks to 3 points. Even got one quote for £10k last year on a comparison site!! Mostly there are less than a handful that are sensible, then the rest are £1000-2000 as they aren't interested in my business. Be careful though - cheap-and-nasty insurance isn't worth the saving.
D
Deleted member 37751
Guest
Smiley, please accept my apologies if you feel I have oversteppped the mark. 
I have dealt with a few insurance companies at different levels and have found them to be rather disgusting in their ways.
One example of this is when I had a contract to carry out remedial works to flood damaged properties. I could see the little game they were playing when paying invoices and got a heads-up from a loss adjuster that I befriended. Other companies weren't so lucky; one family firm that had been trading for 30 years went bust because the insurance company pulled different tricks not to pay up.
A world without insurance? I understand what you mean but don't you think there are too many?
I have dealt with a few insurance companies at different levels and have found them to be rather disgusting in their ways.
One example of this is when I had a contract to carry out remedial works to flood damaged properties. I could see the little game they were playing when paying invoices and got a heads-up from a loss adjuster that I befriended. Other companies weren't so lucky; one family firm that had been trading for 30 years went bust because the insurance company pulled different tricks not to pay up.
A world without insurance? I understand what you mean but don't you think there are too many?
Smiley, please accept my apologies if you feel I have oversteppped the mark.
I have dealt with a few insurance companies at different levels and have found them to be rather disgusting in their ways.
One example of this is when I had a contract to carry out remedial works to flood damaged properties. I could see the little game they were playing when paying invoices and got a heads-up from a loss adjuster that I befriended. Other companies weren't so lucky; one family firm that had been trading for 30 years went bust because the insurance company pulled different tricks not to pay up.
A world without insurance? I understand what you mean but don't you think there are too many?
Thank you Sweetpea. It did sound like you thought I was a bit of a dippy tw*t
davidjpowell
MB Enthusiast
I am now facing new issues, since my Netbook had a disaster last night. Was always covered with Vodaphone Total Cover. They tell me that they switched my to 'Business Cover' last month, which helpfully does not cover the product at all.
Last months bill shows no charge for insurance at all.
Why do I forsee losing out here...
Last months bill shows no charge for insurance at all.
Why do I forsee losing out here...
