Inflation over 5% and rising

[MarillionFan]

Almost 50% increase in my quote last year, even with changing providers and extensive shopping around I ended up shelling out 30% more than the previous year.

The ambulance chaser claims companies, staged "accidents" and vast numbers of uninsured vehicles on the road hit all of us badly in the pocket.

I blame the Polish!!

Or have they all fooked off home again as it's better over there now. Thanks Gordon.

[d000hg]

I blame the Polish!!

Or have they all fooked off home again as it's better over there now. Thanks Gordon.

As long as there's someone left to blame I'm sure you'll be happy.

[Freamon]

Almost 50% increase in my quote last year, even with changing providers and extensive shopping around I ended up shelling out 30% more than the previous year.

The ambulance chaser claims companies, staged "accidents" and vast numbers of uninsured vehicles on the road hit all of us badly in the pocket.

An actuary friend of mine tells me the main reason for the increases is the proliferation of "crash for cash" incidents.

[TykeMerc]

An actuary friend of mine tells me the main reason for the increases is the proliferation of "crash for cash" incidents.

Yup, that ties in with what I'd been told too. When I was getting quotes in 2010 I checked with some of the people I worked with in insurance.

Staged accidents where both parties are in the know or where some poor schlep of a motorist gets set up and h00ge compensation claims arise are costing a fortune. The problem the insurers have is it's hard for the Police to prove the frauds.

[AtW]

An actuary friend of mine tells me the main reason for the increases is the proliferation of "crash for cash" incidents.

And that would justify what seems to be more or less across the board increase of 20%+?

Surely those "crash for cash" made up accidents should be investigated and people who do it should go to jail, instead insurance companies just increase rates all of a sudden - did number of accidents go up by that much?!?!

[TimberWolf]

And that would justify what seems to be more or less across the board increase of 20%+?

Surely those "crash for cash" made up accidents should be investigated and people who do it should go to jail, instead insurance companies just increase rates all of a sudden - did number of accidents go up by that much?!?!

I've been hearing the cash for crash line for some years, though that isn't incompatible with it increasing 20% a year. If it is increasing (and rises are not just due to rampant inflation, or indeed if car insurance premiums are even going up) perhaps it's part of the cash for blame culture we seem to be adopting from America. In town here they even have a bunch of street selling 'solicitors' would stop to ask you if you want to blame someone for anything. A trip/fall or something along those lines I think. No win no fee.

[riiiiiich]

Yeah, it is annoying isn't it, and all those adverts for "Have you been involved in an accident or broken a fingernail? Where there's blame, there's a claim!". Parasites.

[doodab]

Yeah, shocking wasn't it - mine too, Direct Line, full NC and history.

Might look into changing that one, despite having a fully loaded policy (legal aid, spare car, prostitute etc)

Mine went down this year, but I don't have any of the trimmings

Fnar fnar

[ctdctd]

And my car insurance - up by 35% for an old git with full no-claims

Good old internet - 35% increase from the company paying for Iggy Pop's pension.
New kid on the block - echoice - 23% decrease from last year.
Sorted

Inflation, what inflation?

In other news, I just paid 75p for a Yorkie bar.
THAT'S 15 SHILLINGS

FFS - my school dinners used to be 7s6d a week!

[TimberWolf]

Interest rates to rise, Mervyn King hints - Telegraph

Ooh, all the way up to the dizzy heights of 1.25%, when price inflation is probably in double figures.