Reply to: Inflation higher than expected

[centurian]

I have just had one policy increased by £600 @ year after adding 2nd sprog to the policy...ouch!

Check out "fronting" - the reason why they are charging you £600 is because the risk profile has considerably gone up - not the risk that said sprog will prang the car on the odd occasion they use it, but the risk that you are basically lying to the insurance company and this is effectively your sprog's insurance under your name.

Whether you are lying or not isn't the point - they've priced it in anyway.

[AtW]

I've just received my car tax disc renewal reminder, and it's £200 for 12 months. Is inflation rampant or something?

That's taxes for you...

[TimberWolf]

I've just received my car tax disc renewal reminder, and it's £200 for 12 months. Is inflation rampant or something? How minimum wager earners stay on the road I don't know, perhaps they can't afford to use the buses.

[OwlHoot]

Does anyone get the impression young people have been handed the tulipty end of the baby boomer/Brown legacy stick? They may never be able to afford to buy a house, car insurance, they come out of university with wide eyes and big debts (whereas we got paid to go) and will have to keep the long lived boomers comfortably in retirement too, and that's yet to kick off. Isn't there some way we could make them pay more for their smartphones too? Oh, yeah, they will likely be on minimum wage. No house, no car, saddled with debt, no prospects. Thank goodness they don't know any better. Boomed.

Been saying it for ages. It's amazing they're (collectively) too thick to notice, but lucky for us, er, slightly older people

[HairyArsedBloke]

Thank goodness they don't know any better. Boomed.

are stupid enough to vote Labour

[Troll]

Unless said sprog is useful for driving you home from the pub, I would tell them the clear off and buy their own car and insurance with their paper round money

I wouldn't like to be a teenager these days...(except for the s*x of course) used to be high risks like this were bundled up with good drivers - like when I were a lad - so the premiums were high but affordable...
Now computerisation seems to allow much narrower focussing of rates tables

[TimberWolf]

Does anyone get the impression young people have been handed the tulipty end of the baby boomer/Brown legacy stick? They may never be able to afford to buy a house, car insurance, they come out of university with wide eyes and big debts (whereas we got paid to go) and will have to keep the long lived boomers comfortably in retirement too, and that's yet to kick off. Isn't there some way we could make them pay more for their smartphones too? Oh, yeah, they will likely be on minimum wage. No house, no car, saddled with debt, no prospects. Thank goodness they don't know any better. Boomed.

[TimberWolf]

I had to laugh when I heard this.
I received a speculative car insurance offer in September from the AA. I only have breakdown insurance with them, but they wanted to sell me car insurance too. Their quote was £460 for the year.
My actual renewal with current insurer came down this year from £240 to £212

I think that news article is just a biased view of the world according to the AA.

I had one of those letters from the AA too. They provided comparative quotes with other car insurance brokers, including Direct Line, who I'm with. The quotes they showed however were enormous, even bigger than their own quote, but nothing like what I paid last year...

[shaunbhoy]

Unless said sprog is useful for driving you home from the pub, I would tell them the clear off and buy their own car and insurance with their paper round money

Harsh but fair!!

[CheeseSlice]

I have just had one policy increased by £600 @ year after adding 2nd sprog to the policy...ouch!

Unless said sprog is useful for driving you home from the pub, I would tell them the clear off and buy their own car and insurance with their paper round money

[CheeseSlice]

BBC News - Car insurance costs rise by new record, says AA

I had to laugh when I heard this.
I received a speculative car insurance offer in September from the AA. I only have breakdown insurance with them, but they wanted to sell me car insurance too. Their quote was £460 for the year.
My actual renewal with current insurer came down this year from £240 to £212

I think that news article is just a biased view of the world according to the AA.

[alreadypacked]

I have just had one policy increased by £600 @ year after adding 2nd sprog to the policy...ouch!

I can see why so many youngsters go uninsured these days

[HairyArsedBloke]

Official Sminki

The largest downward pressures to the change in CPI inflation came from a variety of transport costs:

• air transport where fares fell by 27.8 per cent this year compared with a fall of 23.8 per cent a year ago. The largest downward effects came from long haul and, to a lesser extent, European routes

The largest upward pressures to the change in CPI inflation came from:

• clothing and footwear where prices overall rose by 6.4 per cent this year, a record rise for the August to September period. The largest upward effect came from women’s outerwear where prices rose sharply this year with the 2010 autumn season
• food where the largest upward effects came from meat and fruit. Meat prices rose by 0.3 per cent between August and September this year but fell by 1.2 per cent a year ago. The fall last year was a record for an August to September period. Fruit prices overall fell between August and September this year but by less than a year ago

Next year pensions and benefits are going to be index on CPI because it better represents the spending patterns of these groups - it's only fair.

[Troll]

Figures due to be published this week show [car insurance] premiums for 17 to 22-year-olds have risen by 47% in a year

Young male drivers are paying the most, with the average of the three cheapest quotes they get being £2,457.

BBC News - Car insurance costs rise by new record, says AA


At least youngsters will get used to 47% inflation before the rest of us, as they drive around in their uninsured cars.

I have just had one policy increased by £600 @ year after adding 2nd sprog to the policy...ouch!

I can see why so many youngsters go uninsured these days

[TimberWolf]

Figures due to be published this week show [car insurance] premiums for 17 to 22-year-olds have risen by 47% in a year

Young male drivers are paying the most, with the average of the three cheapest quotes they get being £2,457.

BBC News - Car insurance costs rise by new record, says AA


At least youngsters will get used to 47% inflation before the rest of us, as they drive around in their uninsured cars.