Higher insurance premium for winter tyres
11 December 2010, 09:23 PM
#31
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We find people with performance cars have them as their 'pride and joy' so treat them with more care/respect than people who don't care if their car gets damaged.
Lots of companies won't insure cars valued under £1500, as someone who drives a '****ter' tends to take no care of it, and aren't too fussed if they have an accident.
Lots of companies won't insure cars valued under £1500, as someone who drives a '****ter' tends to take no care of it, and aren't too fussed if they have an accident.
11 December 2010, 09:31 PM
#33
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Good to know. Would I just PM nearer the time? Sorry, Ive not really read any of the insurance threads before so not clued up about it, will have to spend a bit of time going through them.
12 December 2010, 01:38 PM
#36
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12 December 2010, 01:52 PM
#37
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I mentioned that winter tyres and insurance business at a local tyre sales place, who are incidentally very good, and they did not see any problem. Yhey have been selling winter tyres regularly and have not heard of a problem yet.
Les
Les
12 December 2010, 02:03 PM
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Last edited by dunx; 12 December 2010 at 02:04 PM.
12 December 2010, 02:25 PM
#39
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We find people with performance cars have them as their 'pride and joy' so treat them with more care/respect than people who don't care if their car gets damaged.
Lots of companies won't insure cars valued under £1500, as someone who drives a '****ter' tends to take no care of it, and aren't too fussed if they have an accident.
Lots of companies won't insure cars valued under £1500, as someone who drives a '****ter' tends to take no care of it, and aren't too fussed if they have an accident.
Unfortunately as Gary knows, this is the reason my premium was up this year with Keith Michaels. I didn't want to move insurers but couldn't justify the % increase in relation to the cars value. I keep the car running beautifully, just don't give a hoot about the bodywork on my work hack
I'll be back Gazza
12 December 2010, 02:52 PM
#40
12 December 2010, 03:31 PM
#41
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too many bullsh*t whiplash claims, It has become a fine art now, some places pretty much guarantee 2k payouts for whiplash in any crash. Gets right on my ****, we all end up paying for it in the end.
12 December 2010, 03:59 PM
#42
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Why do they get £2k or anything for whiplash? If payouts were only for what is necessary i.e. you're in a crash and disabled for life and can not work you get £30k a year for life to help with carers etc. not a 'reward' for being hurt then it would stop this nonsense. Its not rocket science but then that doesn't mean a thing with the government.
12 December 2010, 04:41 PM
#43
This is the reason more people don't go for winter tyres for the few days a year when they would be really useful. For winter tyres to fit extra set of wheels to go over Brembos you are looking at getting on for £1k. I would like winter tyres but instead I just don't take the scoob out in snow and ice.
12 December 2010, 05:09 PM
#44
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When I imported a Nissan GTIR years ago it came with a 2nd set of alloys with winter tyres - put them on once and the car was largely undriveable.
I thought the reason for the recent hikes is due to the insurers passing on their investment losses to the customer?
As for the claims system, I'm sure it could have been cleaned up long ago but I think the insurers have hid behind this as a reason to keep prices high.
I thought the reason for the recent hikes is due to the insurers passing on their investment losses to the customer?
As for the claims system, I'm sure it could have been cleaned up long ago but I think the insurers have hid behind this as a reason to keep prices high.
Last edited by EddScott; 12 December 2010 at 05:10 PM.
12 December 2010, 05:13 PM
#45
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What does "licenced and regulated by the FSA" actually mean? I would have hoped that if this was true the FSA would have sorted this out. (the above statement being true, not that they are licenced)
Last edited by SRSport; 12 December 2010 at 05:16 PM.
12 December 2010, 05:14 PM
#46
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12 December 2010, 08:20 PM
#47
NIG (owned by RBS i think) have pulled out of the private car market completely recently.... and if they made as much money as some people on here think there would be no reason to do that.
The other big reason rates are increasing is that comparison websites have reduced rates so much over the last few years (with generally crap business) that it has cost insurers money, too low a premium with too high payouts.
Speaking to several insurers the average claims ratio for 'normal' cars with business direct or from brokers is approx 60%, business from camparison websites is about 160%. (ie every £1 they take they are paying out £1.60).
This may not be the case with all insurers of course, but it's the feedback i get from 5-6 companies.
Last edited by Moley; 12 December 2010 at 08:21 PM.
12 December 2010, 08:25 PM
#48
The FSA are basically there to make sure insurance companies/brokers don't rip off the public.... not sure there is actually anything in place to stop the public ripping off the insurers (fraudulent claims etc)
12 December 2010, 08:27 PM
#49
12 December 2010, 08:27 PM
#50
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Speaking to several insurers the average claims ratio for 'normal' cars with business direct or from brokers is approx 60%, business from camparison websites is about 160%. (ie every £1 they take they are paying out £1.60).
This may not be the case with all insurers of course, but it's the feedback i get from 5-6 companies.
This may not be the case with all insurers of course, but it's the feedback i get from 5-6 companies.
I might be being thick but I dont understand, why would they do this?
12 December 2010, 08:30 PM
#51
13 December 2010, 10:20 AM
#52
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Not the case at all.
NIG (owned by RBS i think) have pulled out of the private car market completely recently.... and if they made as much money as some people on here think there would be no reason to do that.
The other big reason rates are increasing is that comparison websites have reduced rates so much over the last few years (with generally crap business) that it has cost insurers money, too low a premium with too high payouts.
Speaking to several insurers the average claims ratio for 'normal' cars with business direct or from brokers is approx 60%, business from camparison websites is about 160%. (ie every £1 they take they are paying out £1.60).
This may not be the case with all insurers of course, but it's the feedback i get from 5-6 companies.
NIG (owned by RBS i think) have pulled out of the private car market completely recently.... and if they made as much money as some people on here think there would be no reason to do that.
The other big reason rates are increasing is that comparison websites have reduced rates so much over the last few years (with generally crap business) that it has cost insurers money, too low a premium with too high payouts.
Speaking to several insurers the average claims ratio for 'normal' cars with business direct or from brokers is approx 60%, business from camparison websites is about 160%. (ie every £1 they take they are paying out £1.60).
This may not be the case with all insurers of course, but it's the feedback i get from 5-6 companies.
So the comparison websites started a price war? How is the website business poorer quality? Never really trusted those sites personally.
As for the injury claims, do they have to contact the GP before honouring an injury claim? If so, Couldn't they tighten up that process with the GP?
13 December 2010, 10:53 AM
#53
I myself have claimed on my insurance twice, in approx 15 years.
One of those was a windscreen that fell victim to a big stone from a lorry.
The other - we'll I'm afraid that was down to me and bad weather, resulting on a £1700 quid claim.
13 December 2010, 10:57 AM
#54
Because its taken many years to get that invaluable NCB built up?
I myself have claimed on my insurance twice, in approx 15 years.
One of those was a windscreen that fell victim to a big stone from a lorry.
The other - we'll I'm afraid that was down to me and bad weather, resulting on a £1700 quid claim.
I myself have claimed on my insurance twice, in approx 15 years.
One of those was a windscreen that fell victim to a big stone from a lorry.
The other - we'll I'm afraid that was down to me and bad weather, resulting on a £1700 quid claim.
13 December 2010, 11:04 AM
#55
Why do they get £2k or anything for whiplash? If payouts were only for what is necessary i.e. you're in a crash and disabled for life and can not work you get £30k a year for life to help with carers etc. not a 'reward' for being hurt then it would stop this nonsense. Its not rocket science but then that doesn't mean a thing with the government.
In N.Ireland its what your solicitor/barrister can get for you
.You suggestion is flawed though - how do you differentiate between whiplash and say a lasceration?
13 December 2010, 11:18 AM
#56
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I have driven my impreza all year round on Nokian WR winter tyres once and apart from being slightly more noisy than summer tyres they were not dangerous at all.
You also need to get out of the idea that winter tyres are snow tyres, winter tyres are winter tyres and snow tyres (M+S) are snow tyres. You can get Winter (M+S) tyres though but they are not default winter tyres.
Last edited by Wurzel; 13 December 2010 at 11:28 AM.
13 December 2010, 11:46 AM
#58
From speaking to people who sell winter tyres, who told me not to bother enless i really need them, as apparently they are useless in the summer.
So you'd tell people it's fine to drive on winter tyres year round? (not just Nokians, which i know are a good make)
So you'd tell people it's fine to drive on winter tyres year round? (not just Nokians, which i know are a good make)
13 December 2010, 11:53 AM
#59
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I would not bother to spend all that cash on a set of wonter tyres either. Even if the do make a difference in very low temperatures, I dont reckon its an economical action.
Quite ridiculous to charge an extra premium for them by the insurers though. Some bright ******** has thought up another way to screw extra cash out of us and not even for a logical reason.
If it had been part of the policy schedule they would almost have an excuse, even if it would be for the wrong reason.
Les
Quite ridiculous to charge an extra premium for them by the insurers though. Some bright ******** has thought up another way to screw extra cash out of us and not even for a logical reason.
If it had been part of the policy schedule they would almost have an excuse, even if it would be for the wrong reason.
Les
13 December 2010, 11:56 AM
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Provided you have winter tyres rated at over 70mph which is the speed limit in the UK then where is the problem?
The problem will only arise if you get poorly rated tyres doing motorway speeds. The use of a bit of common sense is all that is required here, something that seems to be in demise in the UK over the last few years.