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Author Topic: Why has insurance gone mad?  (Read 3380 times)

Offline Ant1981

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Why has insurance gone mad?
« on: 02 October 2011, 13:46 »
My Current golf I used to pay £400 to insure, now it's just over £500, other companies wanted £800.

My old MK2 Golf which I'm looking at buying again is now like £700 to insure! I'm 30 now and I paid nothing like that even when I had the car when I was 24!

A Mk5 will cost a grand to insure!

What's going on?
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Offline richw911

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Re: Why has insurance gone mad?
« Reply #1 on: 02 October 2011, 13:51 »
Area? Mine went down this year  :undecided:
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Offline mcgee9t2

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Re: Why has insurance gone mad?
« Reply #2 on: 02 October 2011, 13:52 »
mine has never gone up. *touch wood*

still a bloody rip of though due to age  :sad:
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Offline Rhyso

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Re: Why has insurance gone mad?
« Reply #3 on: 02 October 2011, 14:37 »
Lots of uninsured drivers in accidents
People claiming for "injuries" sustained

to name a couple
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Offline mcgee9t2

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Re: Why has insurance gone mad?
« Reply #4 on: 02 October 2011, 15:18 »
cold winters with more snow making more crashes in recent years.

recesion proberbly part of it with people not being able to afford to get winter tyres/maintain car properly and this causing crashes or problems which lead to the car being a right off.
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Offline Luke1981

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Re: Why has insurance gone mad?
« Reply #5 on: 03 October 2011, 18:23 »
I have never used the same insurance company for more than 12 months.
Always go on the comparison sites when its due for renewal. :smiley:
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Offline Steve_PD

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Re: Why has insurance gone mad?
« Reply #6 on: 03 October 2011, 21:32 »
Quote from: Ant1981 on 02 October 2011, 13:46
My Current golf I used to pay £400 to insure, now it's just over £500, other companies wanted £800.

My old MK2 Golf which I'm looking at buying again is now like £700 to insure! I'm 30 now and I paid nothing like that even when I had the car when I was 24!

A Mk5 will cost a grand to insure!

What's going on?


Same as mine £380 last year and £520 this year. Nothing has changed on my part and I live in a low crime area.
£520 was the cheapest I could get from Brentacre was getting quotes between £700 and £1200 :lipsrsealed:
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Offline mvb

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Re: Why has insurance gone mad?
« Reply #7 on: 10 October 2011, 14:33 »
More Insurance payouts = Higher Premiums.

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Offline wood3154

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Re: Why has insurance gone mad?
« Reply #8 on: 10 October 2011, 15:23 »
Try 1st Central. I was a bit sceptical at first, due to some of the feedback on various review sites, however most of the feedback seemed to date back to 2008 when it seems the company was first conceived. They were the cheapest by about £200. My direct line insurance went up by £50, even though nothing had changed.

I'm paying about £380 for my MK3 at the moment. 25yrs old and living in a low crime area.
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Offline bullzeye

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Re: Why has insurance gone mad?
« Reply #9 on: 10 October 2011, 18:31 »
too many dodgy claims, i was offered to write my car off 3 times last year involved them claiming on my insurance and them giving me £500 cash.. yeah right think i was born yesterday, after they claim for a 20k car plus 10 peoples whiplash insurance would be threw the roof for years to come, shove the £500 where sun dont shine i said politely
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