Date: 22-05-19  Time: 18:33 PM

Author Topic: Insurance is weird  (Read 196 times)

darrsi

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Insurance is weird
« on: 16 May 2019, 08:25:55 PM »
Last years insurance was apparently £184
New quote from them recently was £217


Then i get an email from The Bike Insurer who had my details, quoting me £99 but with £825 excess, for a bike i’ve valued realistically at £1000.


The next quote on The Bike Insurer site was £128 with £100 excess.........sorted.


But i really don’t get how they get to all these different and random figures.......especially the one for £7,407.99, or £8,296.96 if paid with instalments. :lol
More people are born because of alcohol than will ever die from it.

Freck

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Re: Insurance is weird
« Reply #1 on: 16 May 2019, 08:37:50 PM »
They have a big hat with random prices written on bits of paper ;-)

mtread

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Re: Insurance is weird
« Reply #2 on: 16 May 2019, 10:45:26 PM »
I had a bit of a surprise renewing my (car) insurance. When I used a comparison site two years ago I had a pending speeding prosecution, so I put this into the comparison site to get quotes. As it happened, I took a speeding awareness course, so no conviction and no points.
This year I got a good deal with a new insurer, but they've just emailed me accusing me of lying by saying I don't have any convictions. 'We are aware you previously used a comparison site inputting alternative information'. They threatened to cancel my policy. I've had to send them a code to check my dvla license details.
So beware. Big Brother is watching you. Be careful what you input to comparison sites, even for a laugh.


darrsi

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Re: Insurance is weird
« Reply #3 on: 17 May 2019, 06:27:57 AM »
I had a bit of a surprise renewing my (car) insurance. When I used a comparison site two years ago I had a pending speeding prosecution, so I put this into the comparison site to get quotes. As it happened, I took a speeding awareness course, so no conviction and no points.
This year I got a good deal with a new insurer, but they've just emailed me accusing me of lying by saying I don't have any convictions. 'We are aware you previously used a comparison site inputting alternative information'. They threatened to cancel my policy. I've had to send them a code to check my dvla license details.
So beware. Big Brother is watching you. Be careful what you input to comparison sites, even for a laugh.


The moment you do a search online it lights up the internet and insurance companies become aware that you're looking, and i've now learned that the later you search nearer the end date the prices can actually rise because they know you're desperate to get it sorted.


Talking of big brother, i recently bought a new mobile (very) smart phone and i was sitting chatting to a colleague in our rest room at lunch time during the week and it suddenly lit up and started copying everything i was saying in writing on the screen without me even touching it!
Then it started talking to me saying it wasn't too sure that it understood my command!!!
Oh well, i s'pose i have something to chat to if i'm ever bored.  :lol [size=78%] [/size]
More people are born because of alcohol than will ever die from it.

celticdog

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Re: Insurance is weird
« Reply #4 on: 17 May 2019, 07:16:19 AM »

I had a bit of a surprise renewing my (car) insurance. When I used a comparison site two years ago I had a pending speeding prosecution, so I put this into the comparison site to get quotes. As it happened, I took a speeding awareness course, so no conviction and no points.
This year I got a good deal with a new insurer, but they've just emailed me accusing me of lying by saying I don't have any convictions. 'We are aware you previously used a comparison site inputting alternative information'. They threatened to cancel my policy. I've had to send them a code to check my dvla license details.
So beware. Big Brother is watching you. Be careful what you input to comparison sites, even for a laugh.


The moment you do a search online it lights up the internet and insurance companies become aware that you're looking, and i've now learned that the later you search nearer the end date the prices can actually rise because they know you're desperate to get it sorted.


Talking of big brother, i recently bought a new mobile (very) smart phone and i was sitting chatting to a colleague in our rest room at lunch time during the week and it suddenly lit up and started copying everything i was saying in writing on the screen without me even touching it!
Then it started talking to me saying it wasn't too sure that it understood my command!!!
Oh well, i s'pose i have something to chat to if i'm ever bored.  :lol
There's only one cure for big brother . . .
« Last Edit: 17 May 2019, 07:18:03 AM by celticdog »
Treat everything in life the way a dog would- if you can't eat it or foc it, forget it.

mtread

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Re: Insurance is weird
« Reply #5 on: 17 May 2019, 09:50:49 AM »
Quote
the later you search nearer the end date the prices can actually rise because they know you're desperate to get it sorted.
Apparently the optimum time to get the lowest quote is 3 weeks before renewal.

fazersharp

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Re: Insurance is weird
« Reply #6 on: 17 May 2019, 10:01:34 AM »
i've now learned that the later you search nearer the end date the prices can actually rise because they know you're desperate to get it sorted.
That is a good tip.  :thumbup
The thing with comparison sites is that most are owned by insurance companies themselves and within the quotes returned many insurance brands you see are owned by the same insurance parent company, so out of the 15 results you may only actually be looking at a handful of parent companies. And its the parent company that holds your info.
For instance
         
Admiral Group owns (at least )
Confused
Diamond
Elephant.
My bike insurance only went up by £9 at renewal letter and as it was the cheapest I could find last year I did not bother looking elsewhere. What a difference and a change than them trying it on with a £90 increase and me having to do the insurance "dance" to eventually leave them and go with another. Only to find that the next year it happends again and the ofirst one is now the cheapest !.
I wonder if it has something to do with controlling the risk on their books so they look and think they have too much of one risk and so hike the price up for it to cut down on the renewals for that risk, and if idiots take it out then that is ok too.   
 
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dickturpin

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Re: Insurance is weird
« Reply #7 on: 17 May 2019, 11:57:17 AM »
Weirdest thing I had was putting my daughter on as a learner driver....price shot up as expected, then a few months later when I added my other daughter, also a learner, I got a refund because apparently two learners is less of a risk than one 🤔

Freck

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Re: Insurance is weird
« Reply #8 on: 17 May 2019, 11:53:08 PM »
I wonder if it has something to do with controlling the risk on their books so they look and think they have too much of one risk and so hike the price up for it to cut down on the renewals for that risk, and if idiots take it out then that is ok too.
Could I please refer you to my earlier post  :lol