imagine this.........a revamp of insurance system.......to start with, everyone pays a few hundred quid in the first year which goes into a pot. The following year, non-one pays anyhting until they have a claim...money comes out of pot and then they have to start paying say £300 or something....if they go a year without a bump, it goes down to £250, and on and on until they are paying nowt if they never have a bump again.

 

Any problems with this ? Surely it's fairer, as currently a safe fast car driver can get penalised against a dangerous Renault Clio driver for instance. AND, if you never have a claim, you still have to pay - not fair !! (note- can't make comparison with health service as this is business and lives are not at stake - u pay for what you get surely ?)

but one accident can cost 100,000's, what if you hit an old lady in her ferrari and kill her and her children, probably looking at over a million to resolve that issue.

 

a few of them and the money has all gone,

 

plus the administration side of things, and all the jobs that would be lost, and basically closing down a multi billion pound industry....,

 

sounds like communism, a good idea in principle

Yeah you fooking communist Nelson :mac1:

 

:rofl:

there no point in pointless jobs ! Where no value is added, a job merely spreads wealth. Better to reduce jobs and reduce working week and increase leisure time 4 everyone.

 

As regards big claims - how does current system pay them out ?? Surely not from existing policies !

As regards big claims - how does current system pay them out ?? Surely not from existing policies !

 

That's exactly how they do it - income from policies less claims less admin = profit.

 

If there were fewer claims, premiums would be lower. Conversely, premiums go up because a) more people claim and b) repair costs are higher.

I can see your point though - why should the owner of a fast car be penalised automatically.

 

I hate car insurers and everything related. I always feel like I'm being scammed. They take take take money, v quickly, charge you interest then try to aviod paying out :mad: And when they do pay out they take ages. They have XXmillion pounds in their account, Joe Driver has fook all and needs a new car.

 

The hallmark of a good insurer (there arent any anyway :p ) is how they handle claims IMO

but one accident can cost 100,000's, what if you hit an old lady in her ferrari and kill her and her children, probably looking at over a million to resolve that issue.

 

a few of them and the money has all gone,

 

plus the administration side of things, and all the jobs that would be lost, and basically closing down a multi billion pound industry....,

 

sounds like communism, a good idea in principle

 

 

Accident costs can cost millions. Put some one in a wheel chair and they will probably get a few million in compensation as they need health care for the rest of their life.

 

I know some one who crashed their corsa in snow causing £70,000.

She slid into 3 parked cars, bounced off them hit another car parked on the other side of the road and then through a wall.

Put some one in a wheel chair and they will probably get a few million in compensation as they need health care for the rest of their life.

 

 

Try telling the tw4ts insurance that who knocked me off my bike!!

 

Tis a nice thought Nelson, but as we all know, it'll never happen!! :(

I hate car insurers and everything related. I always feel like I'm being scammed. They take take take money, v quickly, charge you interest then try to aviod paying out :mad: And when they do pay out they take ages.

 

Sadly true (mostly) but remember that the reason for insurance companies isn't to help customers or even provide insurance: it's to make money for their shareholders. That's why they will do everything they can to avoid paying on a claim.

Sadly true (mostly) but remember that the reason for insurance companies isn't to help customers or even provide insurance: it's to make money for their shareholders. That's why they will do everything they can to avoid paying on a claim.

 

LOL Every profit oriented organisation's aim is usually to increase shareholder wealth. Customer service and satisfaction usualy helps achieve this in the long term. You get bad service, you go elsewhere, simple.

 

However the difference with insurers is that they are all as bad as each other so theres no point going elsewhere, you'll be shafted from every angle (like AdamR), and they know that...

Think of the insurance bill for that guy who had the Selby accident where he went onto the railway, and caused a pileup down there. That runs into millions and is still ongoing!!

 

 

 

Simon.