Ok I see where your coming from, but to be honest what I choose to afford or not afford is not the issue.
I don't want to change the world of insurance, all I want is justification,
As I said previously I owned a porsche I payed £500 fully comp which included all the trimmings breakdown, DLP, etc. etc. I could understand the high premium it's group 20 after all.
The import I drive is slow not sporty in comparison..hardly the same risk or value and the insurance is nearly twice the price, I'm not winging just don't understand the logic, why does this vehicle warrant such a high premium and why should being an import make it such a high risk.
If you say the insuer's look at both the car and the driver in a quote what is the factor that is so risky with this type of vehicle.
My accident and driving record hasn't changed in fact it's better in that I've been without an accident for longer.

The company car issue seems as if it may be changing, perhaps they are finally seeing the light. companies are now starting to credit named drivers with no claims bonuses, one would hope that this will set some presidences and allow the same oppotunities to afforded to ex company car drivers.

Steve M

Because thats on a company car. You are applying for private insurance. Your technically a named driver on a company car insurance policy.

Its like saying if i was a named driver on a policy for 6 years, i would want 6yrs no claims bonus - it doesnt work this way.

If you have had a company car, for say 10 years, the insurer will usually give you an 'introductory' no claims bonus which is equal to say 2 or 3 years.

The reason you have high premiums on quotes is because you have no private no claims bonus. Itd be higher without the introductory no claims bonus that insurers are willing to give you.

Its a grey import. They are a little more to insure than normal UK vehicles - thats how insurance is. You cant change the world of insurance just because YOU dont think the price is right.

Your not getting ripped off, thats how much it costs to insure a vehicle. If you dont like it, find a car where you can afford the insurance on it.

If you can't answer my question in a Knowledgable and civil fashion then I would ask to be answered by someone who can.
The reason I asked the question in the first place is not because I can't afford it it's because I don't like being ripped off for no apparent reason and no it's not JUST THE WAY IT IS!!!
Why should I just sit back and DEAL WITH IT without finding out the reason(s) behind it, I don't want to pay X amount of money to a company just because they say I should
It's is no wonder you want an all encompassing insurance company, nobody will ever be able to say anything or have a choice. In that case people would HAVE TO DEAL WITH it because it would be THE WAY IT IS.
All I wanted to know is why Ex-company car drivers are charged so much when they can prove therir history and why "grey imports" are loaded when they are identical to their English purchased counterparts.

Thanks

Steve M

The price your quoted is the cost of insurance on that vehicle. Deal with it! Some vehicles that are imports depending on their year will be expensive. Its the way it is.

If you cant afford it, its best to sell it rather than keep moaning and calling every insurer to find that little bit cheaper.

I Know what you mean, and can understand if it is rae or sporty.

But it's not rare just foreign and cheaper to buy, the English sold version is identical as with all Grey imports ie Shogun/Pajero etc
I can see no physical reason for the hiyk in cost and certainly why insurance co's will not entertain them.

Can someone tell me why and why there is a stigma for Company car drivers who give them up and try to buy new insurance ...they were insured with the company they worked for and invariably have the prof.

Steve M

insurance is looking at the vehicle AND the customer.

if its a rare vehicle, or not seen that often, risk for theft is much greater.

I understand your point of view.
Most people insure through brokers so invariably don't see the policy till it arrives so in fact the "all under one roof " is coming closer although perhaps not quite as you see it!!

I still maintain that competition is the best way to keep prices down because without choice insurance co's can charge what they like and I'm sure they would if they could!! Thats the job and reason we have a monopolies commission
If we all check the content of our policies before we accept, we can ensure we all get the best deals for the type of insurance we require. and can choose the co. that best suits our pocket and requirements. in this case loyalty is irrelivant

My real gripe was the unfairness of insurance on some people and some vehicles just because they are out of the ordinary but not neserssarily a greater risk. in these cases it would probably be better to look at the record of the driver rather than the car he drives

Steve

Fair enough, shop around. But dont expect 'loyalty discounts' from your company when your clearly not loyal.

And why cancel when you find it £15 cheaper elsewhere? Whats the point? Customers never really check their cover levels either, all they want is comp.

at direct line, i gave up in the end and on a new qte id take everythin off and make the excess something like 500, id tell the customer and theyd take it anyway because it was cheap.

i want all companies under one roof, would stop customers wasting resources, calling up at their renewal asking for a lower quote when clearly their renewal price is on their renewal documents.

Britains turning into a money orientated country, its all about price these days. people make themselves look cheap when they call up and ask for more money off.

I have been reading with interest some of the articals posted in this forum and find myself wondering where some of the people get there ideas from especialy those who have motor insurance selling experience.
I thought this was a forum for help!!
Some of the replies seem very unhelpful and very matter of fact!

With the rising cost of living and the increase in accidents on the roads one can see why premiums are rising therefore it would make sense to allow very low rates for those of us who have been accident free for many years. this is the case you might say?
with no claims bonuses etc
but this is not always the case ie ex. company car drivers, imported vehicle penalties etc etc.
SURELY INSURANCE IS ALL ABOUT RISK!!!!,
It seems if you don't comform to standards you pay through the nose and risk doesn't come into it.

Also I read that in some news paper that an amalgamation was to take place to bring all insurance co's under one roof so to speak! NO NO NO! to keep prices down we must encourage competion and choice.

From my point of veiw and I hope I speak for all,
I want the best insurance at the lowest price that is not predudice against vehicles and people that perhaps do not fall into a specific catagory.

Steve M