Simviation Forum - BIG BROTHER is ALIVE and WELL,,,,,,,,,

Reply #15 - Mar 21^st, 2012 at 8:27pm

machineman9 Offline
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Nantwich, England

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Steve M wrote on Mar 21^st, 2012 at 8:20pm:

I can't understand why anyone thinks auto insurance would go down in price for any reason. If you could eliminate all idiots and all accidents and all car theft and all vandalism.. YOUR premiums will not go down. Trust me.

I think I saw one statistic which said that uninsured drivers cost about £500M per year.

I can see your side though - Why reduce the premiums? It just means that the insurance companies can take a larger slice.

Well, there are a number of 'reduction' methods in place this year to stop false whiplash claims, and to lower the lawyer cost.

Hopefully one insurance company will try to cut everyone else up and then the rest will follow with a lower price. It is a market afterall. I don't need a meerkat to tell me that Grin

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Reply #16 - Mar 22^nd, 2012 at 8:04pm

Steve M Offline
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Cambridge On.

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I like to see optimism, but insurance companies are all in bed with each other. Any smaller company trying to make a difference would be chewed up and spat out by the tigers. The big boys are publicly traded in the markets and lobby politicians relentlessly. Look at the huge, and I mean huge, buildings that major insurance companies own. They are chalk full of lawyers, expert adjusters, investigators, PR staff and right down to the humble brokers. So reducing monthly premiums for customers would not sit well for the shareholders.
Of course your monthly payment, (or annual) may go down as you mature, because when you're young you are being dramaticly overcharged because you 'might be careless and need to spend 10 years on the the road proving your innocence.'

« Last Edit: Mar 22^nd, 2012 at 9:09pm by Steve M »

Flying with twins is a lot of fun..

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Reply #17 - Mar 23^rd, 2012 at 4:26am

expat Offline
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Deep behind enemy lines!

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machineman9 wrote on Mar 21^st, 2012 at 7:29pm:

expat wrote on Mar 21^st, 2012 at 3:08pm:

As I said, you can't get much more immobilised than crushing it Grin

Matt

Have you never typed 'red neck truck' into Google images? Grin

Redneck Vehicles Grin

Matt

PETA People Eating Tasty Animals.

B1 Boeing 737-800 and Dash8 Q-400

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Reply #18 - Mar 23^rd, 2012 at 7:42pm

machineman9 Offline
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Nantwich, England

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Posts: 5255

Steve M wrote on Mar 22^nd, 2012 at 8:04pm:

I like to see optimism, but insurance companies are all in bed with each other. Any smaller company trying to make a difference would be chewed up and spat out by the tigers. The big boys are publicly traded in the markets and lobby politicians relentlessly. Look at the huge, and I mean huge, buildings that major insurance companies own. They are chalk full of lawyers, expert adjusters, investigators, PR staff and right down to the humble brokers. So reducing monthly premiums for customers would not sit well for the shareholders.
Of course your monthly payment, (or annual) may go down as you mature, because when you're young you are being dramaticly overcharged because you 'might be careless and need to spend 10 years on the the road proving your innocence.'

Yep, when I hit 21 (which will be during university, so I will come back home with cheap car insurance) it will start shooting back down again.

It's a bit silly though... I have been driving for 2 years with no problems, no crashes, etc. I am now 19 years old. A friend of mine passed his driving test at age 21 (that magic number for cheaper insurance) and despite having far less experience than I do, was charged something like a third as much as I get charged. Apparently being older makes you a more sensible and better driver.

I wish they looked at the person, and not the statistic. But that would mean they earn less money because of me Roll Eyes

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Reply #19 - Mar 25^th, 2012 at 3:49pm

eno Offline
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Why you shouldn't light
your farts!!
Derbyshire UK

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machineman9 wrote on Mar 23^rd, 2012 at 7:42pm:

Yep, when I hit 21 (which will be during university, so I will come back home with cheap car insurance) it will start shooting back down again.

It's a bit silly though... I have been driving for 2 years with no problems, no crashes, etc. I am now 19 years old. A friend of mine passed his driving test at age 21 (that magic number for cheaper insurance) and despite having far less experience than I do, was charged something like a third as much as I get charged. Apparently being older makes you a more sensible and better driver.

I wish they looked at the person, and not the statistic. But that would mean they earn less money because of me Roll Eyes

I think you'll find that the magic number is rapidly heading toward 25 for cheaper insurance and probably will be by the time you're 21. Roll Eyes

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