Insurance renewal
- Thread starter Busterboo
- Start date
Unsure, but from what I see most insurance companies seem to make a big thing out of including it so I suspect it may be obligatory now.
The RAC say "If you have fully comprehensive car insurance, you can claim from your insurer".
It's just the sheer bloody injustice of EU legislation meaning we have to fund compensation to what is in effect a criminal. Goes against all logic and common sense and there's nothing you or I can do about it!
The RAC say "If you have fully comprehensive car insurance, you can claim from your insurer".
It's just the sheer bloody injustice of EU legislation meaning we have to fund compensation to what is in effect a criminal. Goes against all logic and common sense and there's nothing you or I can do about it!
I've just had a renewal quote from LV for my Shogun at £187.
Went on Go Compare and got it down to £156. Guess who with........yep LV.
A quick phone call and yes they did it for £156
Always take the time to go on a comparison site, it only takes 10 minutes and it's always worth it
Went on Go Compare and got it down to £156. Guess who with........yep LV.
A quick phone call and yes they did it for £156
Always take the time to go on a comparison site, it only takes 10 minutes and it's always worth it
Mr Tidy said:RickRob said:
No, I certainly wouldn't complain about that!
Our Forum provider charged me £368.50 at renewal in June for my Z4C!
If you are going to Newlands let me know who you use please!
This was with Admiral. However I have just asked the Meercats again and Admiral are quoting £276, but More Than (with a biggish excess) and Saga are both a lot nearer to what I'm currently paying. This for 8k miles a year:
I think that you should be able to do a lot better than £368.50!
Attachments
elevensies
Member
mines around 290 fully comp, protected ncb and the wife named
bob4333 said:Every car premium this time around has a price hike that for once is nothing to do with the broker or the underwriter.
Currently if an insured driver gets hit by an uninsured driver the Motor Insurance Bureau pays out compensation. This was funded by a £10 levy on premiums. Bad, but we suck it up and drive on.
An EU ruling with which the UK has no option but to implement says that an uninsured driver that gets hit by an uninsured driver must also be compensated. :x Guess where the money comes from? Some estimate the cost to provide this ridiculous pot is as much as a 14% hike!
Transport secretary Chris Grayling has pledged the UK will scrap this ruling when the UK leaves the EU.
So premiums will come down - won't they........?
My wife’s 1 series was hit by an uninsured driver several years ago. The total claim was over £5000. The MIB were absolutely brilliant in paying out quickly to cover the total cost of the claim and ensured she was not penalised in any way for the incident. I gladly pay my £10 premium because of this.
The uninsured driver was also prosecuted, supported by the MIB. I’m therefore interested in the detail of the EU Ruling regarding two illegal drivers who are both knowingly breaking the law and who will be prosecuted via the MIB intervention, being compensated? Can you reference this ruling? Sounds like an another EU myth (remember the one about Bananas not bending enough?) and compleatly illogical as its effectively “cash for crash”!
I told Adrian flux I had received a better renewal price than what they were offering me as a new customer. They matched it with no fuss whatsoever.
Obs-Com said:
I'll have a go. motorclaimguru.co.uk is usually reliable on these matters.
"A European Union ruling means that even motorists who break the law by driving without insurance should be protected if their car is damaged – a policy, transport secretary, Chris Grayling has condemned.
Under current UK rules, protection is given to motorists whose car is damaged by an uninsured driver. The Motor Insurance Bureau (MIB) charges insurers a levy to meet the bill. The cost – some £256 million last year, or around £10 per driver – is passed on to motorists through their premiums.
However if the motorist who is the victim of the crash is also uninsured, they are exempt from receiving any compensation. The new EU ruling, which takes effect from 1 March (2017), will see a common system in place across the continent in which no driver is excluded.
Mr Grayling said, ‘It cannot be right that hardworking, law abiding drivers will foot the bill for the irresponsible actions of those who decide to break the law and drive without insurance.
‘As a result of European law, the government is forced to make these changes to the compensation paid out by the MIB. We are bound by our EU obligations – but we are leaving the EU and we will want to come back to this.’"
From the MIB
https://www.mib.org.uk/media-centre/news/2017/january/new-untraced-drivers-agreement-and-supplementary-uninsured-drivers-agreement/
"MIB paying a claim for the damage to an uninsured driver’s car when it has been caused by another uninsured or a ‘hit and run’ driver seems counter-intuitive. However, from 1 March 2017 that is what MIB will be required to do.
Paul Ryman-Tubb, Chief Technical Officer at MIB said: “Whilst we will deal with these claims in a professional manner, the principle of using honest premium paying motorists money to pay for the damage to an uninsured driver’s car seems crazy.”
This has come about through changes to the Uninsured Drivers Agreement and Untraced Drivers Agreement between MIB and the Government which are being introduced this week.
MIB has exercised its views with government advisors and debated this for many months. We understand that the government felt its hands were tied and they must comply with the Directive; so both of the Agreements have to change."
See also The Insurance Times
https://www.insurancetimes.co.uk/eu-in-crazy-rule-on-uninsured-drivers-/1420729.article
Insurance Business Magazine
http://www.insurancebusinessmag.com/uk/news/breaking-news/uninsured-drivers-to-get-compensation-under-new-eu-rule-42547.aspx
Sunday Express
http://www.express.co.uk/news/uk/753659/european-union-motorists-uk-premium-hikes-payouts-uninsured-drivers
It was also confirmed to me by someone working in the insurance market. So, although just as nonsensical, sadly it doesn't seem to be Bananas this time.
Thanks for taking the time to provide the background information. Never heard anything about it all re uninsured to uninsured payouts.
You'll note that pay-outs have never actually happened it these circumstances by MIB its just that EU Law essentially means it technically could happen because of how the law has to be applied to all citizens. I suspect if ever an uninsured driver tried to obtain compensation under these circumstances (in the unlikely event that a matter would even get before a Court) it would be thrown out. Interesting test case though if ever it did happen.
The background information does have some similarities to the Banana though. There is obviously EU Law regarding the size and possible bend of the banana to ensure it conforms to regulations for sale in the EU. However, no one's ever heard of a Greengrocer being taken to Court because of the bend of his banana!!
You'll note that pay-outs have never actually happened it these circumstances by MIB its just that EU Law essentially means it technically could happen because of how the law has to be applied to all citizens. I suspect if ever an uninsured driver tried to obtain compensation under these circumstances (in the unlikely event that a matter would even get before a Court) it would be thrown out. Interesting test case though if ever it did happen.
The background information does have some similarities to the Banana though. There is obviously EU Law regarding the size and possible bend of the banana to ensure it conforms to regulations for sale in the EU. However, no one's ever heard of a Greengrocer being taken to Court because of the bend of his banana!!
Obs-Com said:
Steady now. If the lawyers get involved then all of our premiums will go up yet again.
But isn't it all just symptomatic of if you pay people to sit around thinking up new laws they have to come up with something - or they'll have to go and get a proper job.
Or am I just being too cynical.....................?
bob4333 said:Obs-Com said:
Steady now. If the lawyers get involved then all of our premiums will go up yet again.
But isn't it all just symptomatic of if you pay people to sit around thinking up new laws they have to come up with something - or they'll have to go and get a proper job.
Or am I just being too cynical.....................?
Think that sums it up nicely!
Why can’t I find cheaper than £350? That’s with AA who have never been good for me before.
50 years old, full no claims, 3pts (sp30), 1 no fault claim 3 years ago.
46 year old Mrs named driver. No points, no claims.
It all just seems to be random whether it’s possible to get a reasonable quote or not.
I don’t live in a dodgy area or have a high risk job.
50 years old, full no claims, 3pts (sp30), 1 no fault claim 3 years ago.
46 year old Mrs named driver. No points, no claims.
It all just seems to be random whether it’s possible to get a reasonable quote or not.
I don’t live in a dodgy area or have a high risk job.
bob4333 said:
Jesus Christ!
That's literally an incentive for more bogus claims, as now neither car has to be insured!
Mike
North West Surrey
I’ve just renewed my insurance using a multi-car policy by LV, first time I’ve done a multi-car. Both the Z4 and the 440i with named drivers, protected NCB and personal injury cover no voluntary excess just policy excess (£150 & £200 respectively). The cost is unreal £590.06.