Insurance - have your say!
Discussion
Let's say someone was starting with a clean sheet on new Motor and Home insurance products and I was able to influence the make up said products, what sort of thing would you like to see included? If you could keep it to sensible suggestions that wouldn't cause an underwriter to have palpatations or to load the premium by a zillion percent, then so much the better! 
The biggest one for me would be if no fault (to you) accidents were handled better. By definition you cannot avoid them but there are any number of tricks employed by the other party which can delay recovery of your excess and re-instatement of your NCD.
Other than a low cost multi car policy or no loading for mods that is...
Other than a low cost multi car policy or no loading for mods that is...
I'd make it that non fault incidents made no difference to your premium.
I've had 2 non-fault claims in the last 5 years, the first a motorway shunt with me as the filling, the second a head on with an old lady driving her volvo down my side of the road who jumped out and said "I'm sorry about that love, its my husband's car and I don't drive it too much". I travel 50k miles per year so incidents will come around like that more often than average. In both occasions the claims have been settled by the other party's insurers. Yet still I have to declare them when I get quotes, some won't quote me, apparently being run into by a third party makes me more likely to bin my own car, others up the premium. C
ts
Secondly I would take more things into account when calculating premiums, advanced driver training, previous sports car experience, miles driven etc.
Thirdly I would reduce the amount of difference your profession makes to your premium. In one day at work I drove 122 different cars, you would imagine that would make me a more confident and competent driver but no, a car salesman gets battered on insurance.
Finally I would reduce premiums, if a young person can't get insurance for less than £2k (one of my customers paid £1800 at 18 on a Corsa 1.2 FFS). then what is the likelihood they will bother?
I've had 2 non-fault claims in the last 5 years, the first a motorway shunt with me as the filling, the second a head on with an old lady driving her volvo down my side of the road who jumped out and said "I'm sorry about that love, its my husband's car and I don't drive it too much". I travel 50k miles per year so incidents will come around like that more often than average. In both occasions the claims have been settled by the other party's insurers. Yet still I have to declare them when I get quotes, some won't quote me, apparently being run into by a third party makes me more likely to bin my own car, others up the premium. C
ts Secondly I would take more things into account when calculating premiums, advanced driver training, previous sports car experience, miles driven etc.
Thirdly I would reduce the amount of difference your profession makes to your premium. In one day at work I drove 122 different cars, you would imagine that would make me a more confident and competent driver but no, a car salesman gets battered on insurance.
Finally I would reduce premiums, if a young person can't get insurance for less than £2k (one of my customers paid £1800 at 18 on a Corsa 1.2 FFS). then what is the likelihood they will bother?
Kinky said:
As Jubal says above - cover for multiple-cars would be useful - ie - I might have 4 cars - but I can only drive one of them at any one time.
K
Here! Here!....The insurance companies policies and the Road tax policy are preventing the ownership of a large car (when needed) and a small car for local travel...
If they want us to choose a smaller car for commuting, both these policies need to be changed...
8Pack said:
As Jubal says above - cover for multiple-cars would be useful - ie - I might have 4 cars - but I can only drive one of them at any one time.
K
Here! Here!....The insurance companies policies and the Road tax policy are preventing the ownership of a large car (when needed) and a small car for local travel...
If they want us to choose a smaller car for commuting, both these policies need to be changed...
Admiral are launching a single-household, multiple car policy. Seems a damn fine idea to me.
How about a "personal fleet" ploicy, whereby several cars and/or drivers are covered under a single policy, rather than farting about with several?
Plus, as has been mentioned, a policy where "no fault" really means what it says, i.e. if you are involved in an accident through absolutely no fault of your own it makes precisely no difference to the cost of your insurance. Any administrative costs for handling the incident get passed on to the at-fault 3rd party...
Plus, as has been mentioned, a policy where "no fault" really means what it says, i.e. if you are involved in an accident through absolutely no fault of your own it makes precisely no difference to the cost of your insurance. Any administrative costs for handling the incident get passed on to the at-fault 3rd party...
There is a system in Israel, so a friend at work from there told me, where a broker holds you money, if you have an accident they quickly pay the premium for you, but if there are no problems they give you 50% back or something at the end of the year. Or was it even they just hold the money until you need insurance full stop!?
Can't remember, well dodgy, so I guess insurance over there is silly high if no one is paying in
Dave
Can't remember, well dodgy, so I guess insurance over there is silly high if no one is paying in
Dave
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