Car premiums artificially high, admits insurer - Telegraph
I'll just leave this here and fight the urge to type a lot of sweary words
I'll just leave this here and fight the urge to type a lot of sweary words
Car insurance officially a rip off
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124 Posts
Actually having read this I this is down to supply and demand. The insurance company interviewed admitted putting prices up in line with the competition said they didn't want any more trade as they wouldn't be able to service the extra load. Therefore they have enough people on their books (hey I might be one of them) who have paid their premiums because they are 'happy' with the deal they got.
If supply dried up this company would soon drop its prices to attract more trade but at the moment they don't have to and, let's be honest, if we were making more money in our various lines of work, wouldn't we be doing the same?
Having said that anyone who doesn't shop around for insurance come renewal time is an idiot. Cheapest isn't always best but I hate paying more than I have to for the insurance cover I want and need.
If supply dried up this company would soon drop its prices to attract more trade but at the moment they don't have to and, let's be honest, if we were making more money in our various lines of work, wouldn't we be doing the same?
Having said that anyone who doesn't shop around for insurance come renewal time is an idiot. Cheapest isn't always best but I hate paying more than I have to for the insurance cover I want and need.
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403 Posts
HAHAHA!!!!
you reallly think so.... :worms:
get some money back........ when ever has that happened?
lovely thought,, but..........
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3,769 Posts
No chance, blind eyes will be turned, and it'll continue just like the fuel price rip off. As these companies earn more money, so does the government (in taxes).
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2,501 Posts
i agree with the above statement
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2,619 Posts
We can only hope/wish! I agree, nothing will change.
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