Car insurance costs rise by up to 20pc for first-time speed offenders
23.05.12
Ian Crowder of the AA said: "We have seen a sharp swing in attitude by
insurers towards minor offences such as speeding of late. They used to be
more relaxed about it, with most ignoring a first offence. But our latest
research reveals that all are now loading premiums by up to a quarter even
after a first offence."
The market for careful drivers, with a clean licence remains intensely
competitive, with premiums largely unchanged since January 2011.
But they are marching ahead for convicted drivers. Once you lose your clean
licence, and join the one-in-six motorists with points on their licence,
expect bills to soar. With three speeding points on your licence, prepare
for your annual insurance to rise with LV= from £645 to £719 for a 20
year-old, with Allianz from £510 to £581 for a 30 year-old, and again with
LV= from £392 to £434 for 40 year-olds.
And with more points, the sky's the limit. All ages can expect their premiums
to increase by around half with nine speeding points.
Source: Telegraph.co.uk
Car insurance postcode blacklist could deprive drivers of cover
23.05.12
"It was unfortunate that Mr Cooper had already relocated before letting us know his intention to move property as we then had no option but to cancel his policy with immediate effect."
Graeme Trudgill, from the British Insurance Brokers' Association (Biba), believes firms should give a reasonable amount of time for customers like Mr Cooper to find alternative cover: "It's not something we like to see. We believe insurers should give reasonable notice for that person to find some alternative cover, particularly with motor insurance which is compulsory."
Jack Straw, the MP for Blackburn, believes it is unfair for insurers to use postcodes to determine who can and who cannot get cover.
In September he introduced a bill which said instead of postcodes, risk should be assessed on which region of the country people live in: "This gentleman who moved to Exeter and then back to London has absolutely no control over the costs of that risk.
Source: BBC News
my mums with the AA car insurance what are the likely implications for canceling her insurance mid way?
Jul 17, 2010 by Shawn B | Posted in Insurance & Registration
my mum has paid annually (£141 quid) lucky sod. and she is considering canceling it to add me to a cheaper car insurer as adding me on the AA insurance is MIND BLOWINGLY EXPENSIVE, (talking 5grand plus per annum) and with aviva its less than half that... but before she cancel she wants to make sure the AA have no hidden cost as all they state is a refund will be paid if insurance has been paid in full and a cancelation fee of £50 must be paid. thats all the information she could find but she wants to know if there are any hidden tricks insurers pull off if your try and cancel.... please help i know its a bit wordy.
You are not stating how long the insurance has to run. Insurers usually deduct from the premium the cover they have already given at a daily rate which is usually much higher than you expect and on top of that they add the penalty fee. There may be little left at the end of the process.
To my knowledge there are no hidden tricks in this process. One thing that happened to me in the past though was that the AA did not cancel the original policy and I was getting threatening letters demanding payment for cover that I no longer had. It took some considerable effort to sort it out.
Oldman | Jul 17, 2010
Shawn, sorry, she is likely to loose the money she has paid, insurers do not like doing terminations.
I paid nearly £200 for the insurance on my motorbike with a Bike insurance specialist, I am going to take my bike off of the road, while I drive my car, and having used 4 months of the policy, the surrender value for 8 months unused insurance is....... <wait for it --- drum roll please>.... £3.93 and no that is not a typo
Best action, wait a few months till her policy runs out then change, and secondly pay monthly, it costs a little more, but if you want to cancel you simply stop paying
Ian | Jul 17, 2010
Phone up and query.
She hasn't gained the extra year NCB.
WelshLad | Jul 17, 2010
the AA car insurance, claim problems?
Oct 25, 2007 by turtles | Posted in Insurance & Registration
last year had policy with the aa. just started up new policy, claiming iv 4 years no claims, which is true, or so i thought. the aa are saying iv only 1 year. i question it, turns out someone made a claim against me in APRIL and the aa have failed to tell me about it! thing is i didnt even scrathc their car, never mind cause the dent they say i did, and now its so long on i cant protest it. what can i do? the only reason iv found out about this claim is becasue i called up today about new policy! would teh AA ever of told me?
Iv managed to sort it!
right, i called up the AA a while ago to enquire about a claim, not being racist but there was a definate language barrier, becausee of this barrier, my enquirey about making a claim, actually was made as a claim, loosing me my discount!
due to it being an error on thier behalf my no claims discount has been given back to me and "my claim against myself" has been dropped. cant belive something such as a language barrier could of resulted in me loosing my bonus, and making a claim! its stupid!
lol a language barrier! glad you had your bonus back, be care full next time! lol
Dan the MAN | Oct 25, 2007
How did someone claim off your insurance without your knowledge? Sounds fishy to me, I would contact AA again and get them to find out what's going on
ChocLover | Oct 25, 2007
The only way someone can file a claim against you is by YOU providing your insurance information to them.
I would ask your insurance company for a copy of all of the infomation included in the suspect claim. Review it.
Then I would notify your state's insurance bureau. Every state has an agency which oversees the insurance industry within the state and handles grievances. Send them a letter describing your problem and the include a copy of the suspicious claim.
When the State comes knocking on insurance companies' door, believe me, crap hits the fan and answers appear quickly.
(Oh yeah, and it's AAA; Alcoholics Anonymous is AA)
Michael K | Oct 25, 2007
Aah, the wonders of the call centre! Have they outsourced to Mumbai too?
Colin M | Oct 25, 2007
When does (UK) car insurance drop in price?
Jul 12, 2007 by emmaloubeeee | Posted in Insurance & Registration
Ive been with the AA car insurance a year in sept and its £75 per month. I passed my test in June last year and am 23 now. Will the price go down any after a year Ive had no bumps etc??
Immediately you are 25, call around other insurance companies or go to a comparison site. You'll get a better deal straight away. After that, change your company every year and get the "new customer discount". By doing this, my daughter has seen no increase at all in her basic premium for 11 years and now has a 70 per cent no-claims discount. With respect to inflation, that represents an 85 per cent reduction in her car insurance. The only catch is that you have to stay claim-free, so drive carefully and park in safe neighbourhoods.
Victor | Jul 15, 2007
After each year without claims you should get a discount.
R Stoofaloh | Jul 12, 2007
Should go down a bit when you are 25 and when you have a few years no claim, but it is still very expensive, all just a money making racket.
Sonell | Jul 12, 2007
Now this is just my opinion and Im not knocking insurance companies but I have been driving since I was 17 and Im 42 now and the only year my insurance went down was when I swapped my new car for an old one.
Personally, I think its scandalous and a complete rip off because they'll do anything to avoid paying out.
It is true that you get no claims discount but with inflation and all the other excuses, your insurance never seems to go down but we have to live in hope that it will.
daftoldwoman | Jul 12, 2007
It starts to drop significantly once you have a few years no claims and are over 30. It used to drop at 25 but that's not really the case any more.
puppygirl | Jul 12, 2007
It might go down a bit when you hit 25 but after that it will prob stay the same or go a little bit higher!
sall982 | Jul 12, 2007
Your no claims bonus will increase each year and you can keep it if you change insurers as well. When you reach 25 there should be a nice little drop for you as well.
You can impose conditions on yourself to reduce your payments, if its your own car.
Sole driver of vehicle.
Not used for work
Low milage
Female driver
etc.
bouncer bobtail | Jul 12, 2007
every year your insurance will go down with your no claim discount. it will also go down when you are over 25. but all the insurance companies say OVER 25 so really its when you have your 26th birthday
Eddie W | Jul 12, 2007
unfortunatley you have another two years to go it normally comes down when you turn 25
john s | Jul 12, 2007
Most insurance policies (even thouse paid by direct debit) are annual contracts and the price is reviewed annually. You should be provided with a renewal notice in good time (21 days at least) before your policy expires advising you of the premium the AA offer for the next 12 months. This renewal notice will also (touch wood) confirm that you have one years 'no claim discount'. This discount can be transferred to other insurance companies and is worth a lot (30%+ discount).
If I were you I'd call into your local decent insurance broker as they will offer better policies than the AA and probably will not charge £25.00 for doing any adjustments on the policy.
welcome news | Jul 13, 2007
It drops every year, providing you have a clean licence, no accidents.
WelshLad | Jul 13, 2007
For "sonell"...Money making racket indeed, until you put someone in hospital. Don't think it can't happen.
Peter G | Jul 13, 2007
I think I would shop around a little in any event
Scouse | Jul 15, 2007
Hello,
Your insurance premium should decrease every year subject to no claims. After the first year claim free you receive 1 years no claims bonus representing 30%, 2 years is 40%, 3 years 50%, 4 years 60% and 5 years is 65% which is maximum. Once you reach 5 years you will be given the option to protect your no claims bonus which does cost extra but there are a few companies that only charge upto £50 to do so and it is worth it!!
i work for an insurance brokers and the amount of people that turn down PNCB at renewal and by the following renewal they have had a claim is unbelieveable.
The fact that you are under 25 has nothing to do with it. It depends on how long you've held you licence rather than how old you are.
Hope this helps :)
welshangel19 | Jul 15, 2007
car insurance- kwik fit or aa..?
Dec 18, 2007 by neeks | Posted in Insurance & Registration
hi i'm choosing between kwik fit and aa for my car insurance... Have you had either of them and if so what were they like and would you recommend them..? Thanks :-)
Im with Kwik-fit and they have been fantastic,had to claim off of them as i had my car stolen and they had a cheque to me within 12 days.They always beat all other quotes every time my insurance comes up for renewal.They have also chucked in free breakdown cover and courtesey car,they also gave me amazing price and discount on my house insurance....go for kwik fit.
Little Big Boy | Dec 19, 2007
i can not remember who my car insurance is with. i took out aa breakdown membership would that help me?
May 08, 2010 by Emma | Posted in Insurance & Registration
i have my aa card on me
Have you got a canceled check?
AA is Alcoholics Anonymous......... Do you mean AAA ?
breakdown / Break down / Emergency road service
Entidtil | May 08, 2010
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